Applying for residencia, how much money in the bank?
#1
Forum Regular
Thread Starter
Joined: Jul 2015
Posts: 46
Applying for residencia, how much money in the bank?
Last time I read a few years ago, if you're not employed and therefore can't show a job contract you have to show income or savings in the bank.
Is this still correct? If so, how much is needed for residencia? Do we just show our current UK bank records?
Is this still correct? If so, how much is needed for residencia? Do we just show our current UK bank records?
#2
Re: Applying for residencia, how much money in the bank?
All offices seem to be different in their interpretation of the rules.
The best thing to do is to choose an area and then to ask your local extranjeria.
#3
BE Forum Addict
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,143
Re: Applying for residencia, how much money in the bank?
Be aware many areas have long queues at the moment as many who have 'been living under the radar' are now rushing to formalise their situation pre Brexit.
Worth a look here
¡Residencia! All your questions answered | Healthcare in Spain
https://www.gov.uk/guidance/living-i...-and-residency
Worth a look here
¡Residencia! All your questions answered | Healthcare in Spain
https://www.gov.uk/guidance/living-i...-and-residency
#4
Re: Applying for residencia, how much money in the bank?
Included in the Residence paperwork is the phrase " Have enough funds not to be a burden on the State". This is open to any number of interpretations but generally it seems to be the case that demonstrating a positive balance in Spanish bank account of a few thousand and a source of income , not necessarily in Spain,is sufficient. Also helpful is having a credit card with a reasonable limit. The problem is mainly that each area seems to work to its own definition.
Of equal importance, for the same reason is the need to have private healthcare in place at least for the first year.
Of equal importance, for the same reason is the need to have private healthcare in place at least for the first year.
#5
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,624
Re: Applying for residencia, how much money in the bank?
Some areas if you own a property outright there is no requirement to show any funds. It really depends upon the area you are applying for residency to.
#6
Re: Applying for residencia, how much money in the bank?
Unfortunately the law specifically states that you cannot lay down exact requirements as it will depend on the personal circumstances of the applicant(s). Sadly, this gives the disfunctionarios the right to make up the rules as they think fit.