Cryptocurrency Q&A
How much money do I need to get residency in Spain?
How much money do I need to get residency in Spain?
Nicola
Mon Jun 10 2024
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7 answers
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Could you please enlighten me on the financial requirements for obtaining residency in Spain? I'm interested in knowing the approximate amount of money I would need to fulfill the criteria. Would it differ based on the type of residency I'm aiming for, such as non-lucrative or other categories? Additionally, are there any specific investment options or bank account requirements that I should be aware of? Your insights would be greatly appreciated as I'm exploring my options for relocation to Spain.
7 answers
Tommaso
Wed Jun 12 2024
This figure serves as the baseline for calculating the required income. As an individual seeking non-lucrative residency, you must possess a regular guaranteed monthly income equivalent to four times the IPREM.
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LightningStrike
Wed Jun 12 2024
Hence, the monthly income requirement for such residency status is €2,400. This amount ensures that you have sufficient financial stability to support yourself without engaging in lucrative activities.
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noah_harrison_philosopher
Wed Jun 12 2024
Furthermore, to satisfy the yearly income requirement, you must have a total income of €28,800 in your bank account. This figure represents the accumulation of the monthly income requirement over the course of a year.
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Isabella
Wed Jun 12 2024
It's worth noting that this income does not necessarily need to be derived from employment or business activities. It can include investments, pensions, or any other source of regular income.
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Valentina
Wed Jun 12 2024
When assessing the proof of income for non-lucrative residency, several key components are imperative. Firstly, one must be aware of the current IPREM for the given year, which, for 2023, stands at €600 per month.
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