UPDATED 8th July 2021
OBTAINING RESIDENCIA IN TENERIFE
Everything on this page that UK Nationals need to know about Residencias since Brexit has been written in GREEN for ease of reference. All other EU Residents should scroll down to the BLACK text )
Can UK Nationals still apply for Residencia in Tenerife/Spain?
For those who can demonstrate they were resident in Tenerife/Spain prior to 31st December 2020, then the theoretical answer is YES, although as of 1st April 2021 the situation appears to be getting more complicated, due to the Police Residencia Department now frowning on applications that were not filed before 1st April 2021, unless there is a very good reason for the delay.
For those that were not (or cannot prove they were) resident in Tenerife/Spain prior to, and up to, 31st December 2020, then the answer is NO. The only current option is to apply for a visa from the Spanish Consultates in London or Edinburgh BEFORE TRAVELLING TO TENERIFE/SPAIN. Visa options and procedures are explained at the very bottom of this page (in green text).
Short Stays up to 90 days
UK passport holders can still visit the EU Shengen zone countries (which includes Tenerife/Spain) for up to 90 days in any 180 day period. In other words, the first day you arrive in any EU country in 2021 triggers a new 180 day period, during which you can stay any combination of 90 days you choose in any combination of EU countries that you choose. After that 180 day period expires, the very next time you step foot in any EU country, it triggers a new 180 day period, in which you can stay a further combination of 90 days in any of the EU countries. No residency or visa application is required to enjoy the said 90 day window(s). You simply need a valid UK passport with more than 6 months validity remaining.
Certain rag English press outlets in Spain continue to write utter nonsense on the subject. The latest ‘nugget’ is that the police are rounding up and deporting anybody who has overstayed the 90 day period from 1st January to 31st March 2021. This nasty unsubstantiated rumour has now been debunked by the Spanish Ministry who has stated that there is no such policy to deport any Brit who has made Spain his or her home, but that they do recommend that anybody affected does now apply for residency as soon as possible. However, we are probably now at the stage where the police will reject residencia applications for UK Nationals unless there is a VERY good reason why they didn’t apply earlier than now.
How to file a late application
For those still applying under the old rules, you MAY need to produce evidence that you were living here in late 2020. This could include a valid rental contract in force as of December 2020 (plus recent rent payment receipts), OR a water/electric bill for late 2020 in your personal name for your address in Tenerife, OR debit/credit card statements showing personal residential activity in Tenerife prior to 31st December 2020 (e.g. supermarket visits, restaurant/cafe purchases, petrol station fill-ups etc etc). If you do believe you still qualify to apply under last year’s rules, then you will need to make 2 applications:
Application Form EX20 (application for residencia approval)
In addition to the application form, you will also need:
- Valid unexpired UK Passport plus photocopy;
- NIE Certificate plus photocopy;
- Empadronamiento Certificate plus photocopy;
- Proof of Medical Cover (registration for Spanish state healthcare, or Spanish Private Health Insurance). For health insurance, proof of the most recent payment(s) will be required (e.g. from a bank transaction slip, but not a bank statement). A transaction slip can often be downloaded via online banking (look for the PDF envelope icon next to the transaction).;
- Proof of Financial Means – This is typically achieved by showing a Spanish bank account in your name with €5,350 balance for EACH applicant. The proof is a specialised bank certificate you can order, but a regular bank statement will not suffice. For those unable to raise such a lump sum, we recommend taking advice from a lawyer or other expert as to what may be accepted instead.
- 1 passport sized photo
- Completed payment form 790 which can be paid at major banks. The fee is revealed in the total once you complete the relevant parts of the online form.
Once you have all documentation ready, you can apply for an appointment HERE
Please bear in mind that currently you may not be able to obtain an appointment in Playa de las Americas and instead you may have to travel to Santa Cruz or even Puerto de la Cruz.
Then within a month of receiving a stamped approval, complete Application form EX23 to obtain the T.I.E. card and apply for another appointment, via same the booking link in Stage 1 above.
For UK Nationals following Brexit, the new TIE residencia cards will expire after 5 years (unless you have already had ‘permanent’ residence status for over 5 years (see below). However, any renewal should be little more than a rubber-stamping formality with a small fee.
Here is an example of the new TIE Residencia Card specifically for UK Nationals applying after 6th July 2020.
For UK Nationals, there is no longer any need to separately apply for “Permanent Residency” after 5 years of basic residency. This is because unlike with the old green cards, the new plastic TIE cards have a 5 expiry date. So when you later go to renew an initial TIE card upon its 5 year expiry, the police will note that you then automatically qualify for Permanent Residency status, and hence will automatically renew your plastic TIE card as a ‘permanent’ one (which despite being called ‘permanent’ still requires renewing every TEN years!).
UK NATIONALS already holding residencia in Spain – Swapping your existing residencia card for a voluntary T.I.E. card
You must again apply for an appointment online HERE.
- choose your province
- then select ‘Trámites Cuerpo Nacional de Policia’
- then select ‘Policía Exp tarjeta asociada al Acuerdo de retirada ciudadanos británicos y sus familiares’
You must attend this appointment at the police station in person (not online, nor via Power of Attorney) with the following documentation:
- completed application form EX23
- proof you have paid the fee (via form ‘modelo 790, code 012’ – choose option ‘certificado de registro de residente comunitario’)
- passport type photograph (you must ensure this meets the Spanish administration’s requirements)
Certain police stations may also require you to provide photocopies of official documents such as your passport at your appointment, so it is advisable to bring photocopies as well as original documents.
Then, once the TIE card is ready for collection, you will need to return to the police station YOURSELF (not using your Power of Attorney) with your valid passport to collect the TIE card. Guru understands there is no time limit for such collection, so the next time you come to Tenerife should be ok.
What if I cannot prove I was living in Tenerife/Spain before 31st December 2021, or if I am a new 2021 applicant/arrival?
For those that were not living here (or cannot prove they were living here) in late 2020, you are no longer eligible to apply for residencia as set out above.
Instead, you will now need to apply for a Visa followed by a residency application under the standard Third Country rules that already apply to all other non-EU applicants. That application must be made via the Spanish Consulate in your home country before you travel and cannot be made whilst in Tenerife/Spain. Scroll to the bottom of this page for more information on applying for a visa.
WARNING: There is the strong possibility that Spain is about to grant UK nationals a new special status at an early stage (e.g. similar to that granted to Norway and Switzerland). So any UK Nationals considering making a Spanish visa application which isn’t urgent, should perhaps hold on and see if the rules change in the coming weeks or months (certainly until the Covid travel restrictions have been lifted), rather than immediately jumping through hoops to apply for a third country visa via the Spanish Consulate in London or Edinburgh. We have set out information on applying for a Spanish Visa below.
What if I already obtained (or filed an application for) Spanish residency before 31st December 2021? Where do I now stand with my rights to live and work in Spain?
Well the good news is that anybody who applied for / or obtained Spanish residencia before 31st December 2020 (whether via the historical ID card, the A4 green paper, the more recent green paper credit card size, or the new TIE card), your rights to live in Spain are now automatically protected under the Brexit Withdrawal Agreement and you do not have to do anything else.
However, for those holding one of the older forms of residencia, you can VOLUNTARILY choose to upgrade to the new-style T.I.E. Residency Card (a plastic card containing a photo etc, similar to the identity card for Spanish nationals, see example photo below). If you have already held your Spanish residency for more than 5 years, you that new TIE card will automatically carry “Permanent” status, and will require renewing after 10 years. Whilst those who have held Spanish residency for less than 5 years will automatically gain “Temporary” status and will need to renew their TIE card after holding it for 5 years.
For existing residents wishing to voluntarily upgrade to the new T.I.E. card, the procedure is set out further below under “Obtaining a replacement Residency Card – Written in GREEN text”. Or for those holding an old green residencia, they can simply choose to keep their old green card or A4 paper, as their residency rights are already fully protected and guaranteed.
The new TIE residencia Application Procedure for UK Nationals (plus other relevant information) is also set out further down the page. Simply scroll down and look for the sections of GREEN text.
If I apply for the TIE card residency, does that make me tax resident in Spain? What is the difference between ‘residency’ and ‘tax residency’?
Some people are scared that registering for Spanish residencia (i.e. having a Green A4 certificate, Green Credit Card Sized card, or new T.I.E. card) will somehow make them tax resident in Spain. They need not worry. A TIE residencia application does NOT make you tax resident in Spain, nor does it affect your existing TAX RESIDENT status UNTIL you spend more than 6 months and a day in Spain in any calendar year in Spain, or unless your centre of interests (e.g. your business headquarters and main family home) happens to be in Spain.
Otherwise, you will remain TAX RESIDENT in your home country and you will be treated as non-resident in Spain for tax purposes. Holding a green or TIE residencia card simply indicates your intention (and grants you the right) to stay in Spain for more than 90 days. It does nothing more than that and it is entirely separate to the tax residency rules.
For those doubting the above information and wishing to double-check the Spanish tax residency rules, we would recommend that you read the following information published on Price Waterhouse Coopers website (the largest firm of Chartered Accountants worldwide):
UPDATES ON APPLICATION PROCEDURES FOR EU APPLICANTS FOLLOWING CORONAVIRUS PANDEMIC
ONLINE RESIDENCIA APPLICATIONS FOR APPOINTMENTS (APPLY HERE) ARE NOW BACK UP AND RUNNING AFTER THE CORONAVIRUS SHUTDOWN. HOWEVER, APPOINTMENT AVAILABILITY IS RUNNING AT REDUCED CAPACITY DUE TO CORONAVIRUS PROTOCOLS AND STAFFING ISSUES.
What is Spanish Residency / Residencia?
Much confusion reigns over what Spanish Residency actually means and what is required to obtain it. Below, we will explain ‘residency’ and the distinct concept of fiscal/financial residency.
First and foremost, the legal definition of ‘residency’ in Spain is simple. If you stay in Spain for more than 182 days in any calendar year, then you are deemed a ‘resident’ by the authorities. It’s that simple. However, whether a particular person is ‘recorded’ and known to the authorities as being a resident in Spain is an entirely different matter.
The truth is that there is a minority of foreigners living in Spain who pretty much refuse to put their name to anything official and quite happily float through life living ‘in the black’. Their reasons for doing so vary almost as much as their colourful pasts. Whilst most discover fairly quickly that they need at least an NIE number to survive in Spain, a large number never take the next step and apply for residency.
However, the reality for most law-abiding people who make the decision to come and live permanently in Tenerife is that at some early stage they will apply for residency (colloquially referred to by locals and expats as ‘Residencia’).
The rules governing residencia for European Union citizens are set out in Royal Decree 240/2007.
Under Article 6, stays of less than 3 months in duration are considered touristic as opposed to residential. For such individuals, a valid EU passport is all that is required to enter the country and stay for up to 3 months.
Under Article 7, EU citizens who wish to stay for more than 3 months shall be entitled to do so, provided they have obtained their NIE number and then proceed to register in the Central Register of Foreigners by applying for a Residency Certificate. So technically, this means that you are supposed to apply for Residency in Spain if you plan to stay for more than 3 months, even if you plan to leave before completing the ‘6 months and one day’ legal definition of residency.
After obtaining an NIE number but BEFORE applying for Residencia, applicants must first also obtain a ‘Certificado de Empadronamiento‘. This is to prove you are actually living in Spain by the point you apply for Residencia. (click here for details). Once obtained, you can then apply for your Residencia Card.
IMPORTANT: Once you have registered and obtained your Spanish Residency Card as an EU citizen (but NOT UK Nationals), provided you continue living in Spain, your Residencia DOES NOT EXPIRE, nor does it ever require renewing, despite certain official sources or websites claiming otherwise. However, if you leave Spain for more than 12 consecutive months, then your Residencia is technically revoked. So, provided you are able to continue to support yourself and any dependents financially, you can continue to reside in Spain indefinitely on the standard green Residencia Card.
Some people confuse this standard Residencia with ‘Permanent Residencia’, which is an entirely different status requiring a different application (essentially solidifying your right to reside in Spain forever regardless of your circumstances). We discuss Permanent Residency (and tax residency) separately below.
Below (top) is an example of the latest credit-card-sized green card, whilst below (middle) is an example of the old green A4 certificate.
In years gone by, the residency document was a plastic credit-card-type card, which was then replaced by an A4 sheet of green paper, which was then replaced with green credit-card-size piece of reinforced paper, which is the type still being issued for EU residents today. Anyone with the old A4 certificate can apply to swap it for the new small green card.
Many people take the flimsy paper green card to their local photocopy shop to get it laminated for protection, despite the fact that legally, the document should not be altered or enhanced in any way. However, we have yet to see any business or authority refuse to accept a laminated card. Although in Tenerife, anything is possible!
Application Procedure for Residency for EU Nationals
EU Citizens must first download, print and complete form EX18, which can be found HERE.
You must also complete Payment Form 790, which you can fill in online HERE and print off or download directly. You must then print it off and take the completed Form 790 at a bank to pay a fee of approximately €12,00 in advance of the appointment at the Police Station. Not all banks accept cash payment against these forms. However, we understand that most La Caixa Bank branches do accept them.
When applying for the residency card it is no longer possible to simply turn up and queue on any given morning. To do the above Residency application at the Police Station, you must now apply ONLINE for an appointment in advance. The official web-page for requesting appointments can be found HERE
At the Police Station Appointment, you need to bring:
- Completed Application Form EX18
- Modelo 790 Form stamped with the €12.00 payment made at the bank
- Original and a photocopy of your passport
- Original and a photocopy of your NIE certificate
- Original and a photocopy of your Empadronamiento Certificate.
- 1 Passport sized Photo (same photo requirements as for passports)
- Evidence of financial eligibility (see info below)
- Evidence of access to state medical care or private medical insurance (see info below)
Financial Requirements necessary to apply for Residencia for EU Residents
You must prove that you will not become a financial drain on the state by satisfying at least ONE of the following 4 conditions:
- You are employed or self-employed in Spain;
- You have sufficient resources to support yourself AND any dependents that intend to accompany you (which must be at least the Spanish minimum wage);
- You are enrolled as a student in a recognised educational establishment AND have private medical insurance covering all risks AND have sufficient resources to support yourself and any dependents.
- You are a relative (from anywhere in the world) joining or accompanying an EU citizen who complies with one of the requirements at 1 – 3 above.
- You are retired in Spain.
Proving any of the above criteria by production of the relevant documentation or evidence should fairly self-explanatory. Any document not in Spanish must be officially translated in order to be accepted by the police here.
Specific rules apply where an EU citizen initially complies with the above but who’s circumstances change (e.g. finishing a study course, losing one’s job, or going off on extended sickness leave), but in many such cases there are ways to maintain one’s residential status provided you cooperate with the authorities.
If you do not have a job contract or pension income etc), the standard requirement to prove financial means is to show that you have in excess of 5,350€ Euros (per adult applicant) in a Spanish bank account.This requires ordering a special bank ‘balance certificate’ from your bank, not simply showing a bank statement.
If relying on this €5,350 ‘Sufficient Resources’ category, you must also show that you have private medical insurance in Spain to cover you and all of your dependents, because you are unlikely to have access to Spanish state healthcare. If producing evidence of private medical insurance, you must bring the original policy document PLUS proof of latest payment under the policy.
If working or retired, you can instead show that you have an income or pension(s) equal to or greater than the Spanish state pension.
Any documents you produce as evidence of your above financial status that are not in Spanish MUST be officially translated. Furthermore, documents originating outside Spain may also need to be Legalised/Apostilled in the country of the document’s origin for international use. For UK documents, you can check if your document(s) needs to be legalised HERE. If so, you can proceed to apply directly on the same website, pay the fee and then post the document to the Foreign & Commonwealth Office for stamping with the apostille and returning. You can select for your document(s) to be couriered worldwide for a small additional fee.
If your document is not on the list of documents capable of being legalised, then an official translation should be sufficient in Spain.
AFTER you have received the apostilled document (or if the document cannot be apostilled/legalised), you must THEN get it officially translated. A list of Official Translators in the Canary Islands can be found HERE (scroll down for Tenerife translators). Alternatively, do an online search as there are other official translators in Tenerife not featuring in this list.
Obtaining a replacement Residency Card (EU Nationals only)
For anyone needing to replace their residency card (e.g. lost, damaged, stolen, change of address, upgrading from an old A4 certificate etc) then simply follow the same procedure as with initial residency using Forms EX18 and Modelo 790 with bank payment, plus supporting documentation, but instead tick “Duplicado” (duplicate) in the box in form EX18.
If you are unable to produce the old certificate/card, (e.g. lost or stolen cards/certificates), the police may first require you to fill in a Police Report explaining the circumstances behind the lost or stolen card. You can do this at the Police Station, or you can also now file a Police Report by telephone. See HERE for how to do this. They have English speaking operators available from 9.00am to 9.00pm every day of the week.
Permanent Residency rights after 5 years in Spain
As explained above, the basic green A4 sheets or small green Residencia Cards for EU nationals DO NOT EXPIRE, NOR DO THEY REQUIRE RENEWAL, NOR DO THEY NEED HANDING BACK IF YOU LEAVE SPAIN. Confused residents have previously read on the National Police Website (‘Sede Electronico’) that the certificates expire after 5 years in accordance with Article 7 of Royal Decree 240/2007. However, there is NOTHING in Article 7 that refers to the certificate expiring. For those wishing to check for themselves, you can access the text for Article 7 yourself HERE and put it through Google Translate.
In any event, after having resided in Spain for 5 years and having complied with certain requirements, Spain offers a VOLUNTARY procedure to apply for ‘Permanent Residency’.
Given that the basic Residencia does not expire, many people ask whether there is any point in applying for Permanent Residency. Indeed, the vast majority of foreigners resident in Spain never actually apply for it. The application may however serve as a stepping-stone for those wishing to obtain full Spanish nationality and a Spanish passport. Also, in the unlikely event that the EU were to impose any residency restrictions on UK nationals following Brexit, this application could provide a way to stay in Spain permanently.
Application for Permanent Residency – EU Nationals (but NOT UK Nationals)
The application for Permanent Residency is made to the same police station(s) where ordinary residency is granted.
You must show evidence that you have been living in Spain for at least 5 years plus additional information/documentation. This will include:
1. Your original residency certificate/card obtained upon your original arrival;
2. Evidence that you have lived continuously in Spain in the intervening period (e.g. rental contract(s), employment wage slips, utility bills, bank statements etc)
3. Evidence that you have been working, looking for work, self-employed, studying, self-sufficient etc
4. Evidence that you have sufficient income or funds to support yourself and any dependents.
5. Evidence that you qualify for public healthcare, or that you have a private medical insurance covering Spain.
You may also be asked to obtain a Criminal Records certificate from your home Country, details of any marriage or divorce, or certain medical certificates, depending on your personal history and circumstances in Spain.
Once you have satisfied the above requirements, you should be issued with a Permanent Residency card without undue delay. The card looks almost identical to the standard green Residency Card, but has different wording to reflect that you are now a Permanent Resident. This card then allows you to live and work indefinitely in Spain and to enjoy state benefits where applicable. You can also generally move between other EU member states and stay in any given state for up to 3 months without obtaining additional paperwork.
Financial/ Tax Residency AND other EU Nationals
Regardless of whether you have basic Residency or full Permanent Residency, you are legally required to take certain additional steps to inform relevant parties that you are now in fact resident. These include your bank, your employer and of course, the Spanish tax office (Agencia Tributaria).
The test for financial/fiscal residency in Spain is simply that you spend more than 183 days in Spain in any given tax year (January – December), or that your centre of main interests is in Spain (e.g. your business headquarters and family home).
A fair percentage of foreigners living in Spain (who may already hold the basic green Residencia card or even a Permanent Residency card) still fail to comply with one or more of the fiscal/tax requirements. Whilst there are downsides to being fiscally resident in Spain (e.g. Spain will want to tax you on your worldwide earnings), there are various advantages, e.g:
- Resident bank accounts attract lower fees than non-resident accounts.
- Residents routinely receive more generous mortgage deals on better terms.
- Residents are not charged ‘notional income tax’ on their principal residence in Spain (Non-residents are taxed on a notional 2% income on each property even if they don’t actually rent it out!)
- Residents can make lifetime gifts or leave assets in Tenerife under their Will to first line descendants with a 99.9% reduction on Gift Tax or Inheritance Tax.
- Residents can sell a property in Spain without the buyer having to deduct 3% retention on account of your potential Capital Gains Tax liability
- Residents over 65 who have lived in a property for 3 years don’t have to pay any Capital Gains Tax when they sell, regardless of the profit.
- Residents may offset the costs of purchasing a new home against any capital gains applicable on selling their old home.
- New Residents may import a vehicle and various other personal effects within 12 months of arrival without paying the usual Customs Import Tax (subject to conditions).
As stated above, the potential disadvantage of being fiscally resident is that Spain will tax you on your worldwide income. However, this may not be a disadvantage to everyone. Many countries have higher income tax rates than Spain, but in Spain the higher-rate tax calculation kicks in at a lower amount than in most countries. Also, many countries have double-taxation treaties, meaning that if you have to pay tax in a foreign country, your country of residence (i.e. Spain) will give you a credit for that overseas tax paid, meaning that you don’t pay twice.
An additional disadvantage with being fiscally resident in Spain is that since 2013 residents are required to declare all assets held in other countries where those assets (or group of assets within one type) are worth in excess of €50,000 Euros. The relevant form for making the declaration is Form 720. Penalties for non-disclosure can be severe. The form can be completed online HERE if you have an electronic NIE / DNI or alternatively a ‘Cl@ve’ PIN.
Failure to correctly register your true residential status can technically result in a fine of €300. However, TENERIFE GURU has not heard of any case where this fine has been levied. We also suspect that €300 is not an effective deterrent for those with more to gain financially by avoiding Spanish residency.
The requirement to file a Resident Tax Return depends on your personal circumstances and applies regardless of whether you have yet applied for basic or permanent residency. If you spend more than 183 days in Spain in any calendar year, or have your centre of economic or vital interests in Spain, then you will be considered a resident for tax purposes. Thereafter, if you also earn greater than €22,000 income from any source in the relevant tax year (salary, dividends, business income etc), then you are required to file a Residents Tax Return.
Those actual residents who don’t file a ‘residents’ tax return are liable to late filing penalties plus interest on any tax payable. The taxman can go back up to 4 tax years in respect of false or non-declarations and unpaid tax. In addition, those who fail to register for tax-residency at all may be excluded from certain resident’s exemption schemes (e.g. a 99.9% inheritance tax reduction on assets they leave in the Canary Islands upon death).
Contrary to popular belief in some quarters, non residents in Spain must also file a non-resident tax return if they own any property in Spain, or earn more than €22,000 per annum from all of their Spanish based income.
For most foreigners who own a property in Tenerife but don’t earn any significant income here, they are simply required to complete and file a basic tax return (Modelo 210). Under this form, the taxman charges standard income tax upon a notional income of 2% per annum on any property held by a non-resident, even if the property is not rented and generates no actual income. This rule was introduced many years ago in response to the vast majority of non-resident owners renting out their properties but failing to declare the income. It is quite unfair on honest owners who don’t actually rent out, but that is the current law. Hence, the owner of a small apartment will typically pay a few hundred Euros per annum in respect of this tax.
Those non-residents who do rent out their property and who generate more than 2% income per annum are required to file a more detailed tax return, depending on the individual circumstances.
Due to the greater complexity (and cost) involved in filing a more detailed return, it appears that many non-residents just file the basic Modelo 210 and take their chances that they won’t get caught. Naturally, Tenerife Guru could never endorse such a brazen approach! The taxman is also stepping up checks to try to catch those renting out their property for a substantial part of the year. Such checks now include reviewing electricity and water usage for the property. Where such usage exceeds the deemed average use for 6 months per year (i.e. more than 50% of a typical permanent resident’s bill), further investigations may be conducted.
Spanish Residency Applications for Non-EU Citizens (Which now includes Spanish VISA applications for UK Nationals applying after 1st January 2021 until further notice)
Non European Union citizens (which now includes UK Nationals applying after 1st January 2021) wishing to apply for residency in Spain must first apply for a Residency Visa (Visado de Residencia) via the Spanish Consulate in their home country before travelling to Spain. The Visa cannot be applied for once you arrive in Spain.
There are 7 different types of visa, including retirees, investors, executives of a multi-national company, participants in a sporting or cultural activity etc.
The most commonly applied-for visas include:
For those not planning to work in Spain, you can obtain this visa if you can show an income of at least €2,259.60 euros a month (or €32,270 for a couple), plus €564.90 for each additional family member/child), plus private Spanish health insurance cover for all applicants. Applicants CANNOT do any paid work in Spain under this Visa.
Investing at least €500,000 Euros in property in Spain.
Only for highly skilled employees in a designated ‘shortage occupation’ position, which must be supported by the employer in question. Self Employed persona may also apply under the same criteria, by showing the full details and business plan of their proposed venture.
Investing at least €1 Million Euros in Spanish Company Shares or Bank Accounts/Investments €2 Million Euros in Spanish Government Bonds.
Enrolling in an accredited Spanish Higher-Education course, plus proof of financial means and medical insurance.
The full list of available Visa types, including criteria and details of how to apply, click the following link and scroll to the bottom: HERE
To apply and submit the applicable form and supporting documentation, you will need to set up an online account via the following link HERE
Spain generally imposes requirements to prove sufficient income to support the applicant and any dependents. Additional requirements include, but are not limited to, a criminal records certificate, a medical certificate, a financial reference (e.g. from a rental landlord or bank) and evidence that you have arrangements in place to transfer necessary funds to Spain (e.g. already having set up a bank account in Spain plus e.g. a direct debit to that account from your home bank, if your regular income comes from overseas).
Non EU residents can also obtain a 2 year residence permit by investing a minimum of €500,000 Euros in Spanish property. However, if this is for a husband and wife, the investment must be €500,000 per person. The 2 year permit can be renewed provided that the minimum investment in Spanish property continues (even if you have changed properties).
Alternatively, investors can also acquire a similar permit by investing 2 million Euros in Spanish Bonds, or 1 million Euros in a Spanish company.
As stated above, whilst these rules now technically apply to UK nationals wishing to obtain residencia in Spain from 1st January 2021 onwards, it is VERY LIKELY that the UK and Spain will reach an agreement in the coming weeks or months to introduce simpler criteria for residency applications from UK Nationals wishing to live in Spain. However, if such an agreement is reached, it is hard to predict whether the criteria will be similar to, or more onerous than the previous rules applicable up to 31st December 2020