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Spain is one of the most livable countries in the world. With its charming Mediterranean climate and food, hospitable folk customs and low prices, Spain is the first choice for many Europeans. If a sound social welfare system is taken into account, including free medical care and education, it is more suitable for foreigners to live in for a long time.
Compared with other European countries, the threshold for immigration to Spain is lower, especially non-profit immigrants. From a financial point of view, the domestic middle class has sufficient financial capacity to immigrate to Spain.
Non-profit immigration is a form of immigration by proving that they have sufficient financial capacity to live in Spain. It does not require the applicant to make actual investments in Spain, but only to show financial proof.
The key to non-profit is non-profit, that is, to promise to live without work, not to occupy the resources of Spain's labor market, and to have the ability to consume, so you cannot work during the period of holding non-profit residence.
Who is suitable for non-profit immigration
Elderly people who want to enjoy retirement in Spain, financially free people, parents who seek free education in Europe for their children, single/single mothers who have enough funds to support their lives, middle class who like Spain's unscathed lifestyle, bosses who are willing to start a business, senior blue-collar workers (cooks/technicians, etc.) with professional skills, people who start working the next year with non-profit as a buffer.
Benefits of handling non-profit immigration
The threshold for funding requirements is low, there is no language requirement, one person applies, three generations of immigrants, five years later to obtain permanent residence in Spain, 10 years later to change nationality, free movement within the EU.
Basic conditions for handling non-profit immigration
Applicant has no criminal record
Proof of legal identity of residence
Not suffering from diseases that threaten public health through medical examination
Buy Spanish Health Insurance
Proof of Economic Ability
The most important of these is proof of economic capacity.
According to the requirements of the Spanish Embassy, applicants need to prove that they have at least 4 times the income of IPREM (Spanish Minimum Living Index) per month in 2023, that is, 2400 euros per month.
The IPREM index changes from year to year and is 600 Euro/month in 2023.
Which family members can non-profit immigrants carry
Non-profit immigrants can bring immediate family members, including parents, children and spouses.
Each applicant needs to double the IPREM economic index certificate. For example, if you carry a child, you need to prove that you have 5 times your IPREM income, that is, 3000 euros per month.
How long does the processing cycle need?
To handle non-profit immigration, you need to complete all documents to apply to the Spanish embassy in the country, or to the Spanish embassy where you live abroad, provided that you have the legal status of the place of residence.
It takes about half a year to one year to prepare the materials in advance, mainly depending on the capital situation. After submitting all materials, wait for 2-3 months and obtain the approval or rejection of the embassy.
Within one month of coming to Spain, you need to submit an application to the Immigration Bureau and exchange the visa for residence. The average waiting period is 2-3 months.
Can non-profit residence work?
Non-profit residence is not allowed to work or invest, but you can apply for other types of residence in the second year. If you can convert to work or boss residence, you can work and start a business normally.
A few years of non-profit residence can be exchanged for permanent residence?
The validity period of the first approval for non-profit residence is 1 year, then 2 years, and then 2 years. After 5 years, it can be replaced by permanent residence.
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