British Expats
Page 2 of 2
1
2
Show 40 post(s) from this thread on one page

British Expats (https://britishexpats.com/forum/)
-   Spain (https://britishexpats.com/forum/spain-75/)
-   -   Non Lucrative Visa (https://britishexpats.com/forum/spain-75/non-lucrative-visa-936956/)

StressedEric Feb 13th 2021 10:54 pm
Re: Non Lucrative Visa
 
Originally Posted by Rosemary (Post 12971717)
For the sake of the OP please get back on topic and either answer the question or resist posting.

Rosemary
👍

scrubbedexpat147 Feb 18th 2021 10:02 pm
Re: Non Lucrative Visa
 
Originally Posted by EsuriJohn (Post 12971707)
Whilst UK is now a third state nation it might soon be a third world country with the ever increasing corruption in Government. Then any Brit wanting to work in Spain will have to join the immigrant queue along with tens of thousands of North Africans who come short term every year to take those jobs even the unemployed Spanish don’t want. They return every year to pick fruit and veg etc. Pay rates for those jobs are very low and the only accommodation they can afford are plastic lean toos erected on any spare corner of land. Somehow I don’t think there will be many takers from UK! The ski instructor and travel courier jobs will just not be open to them.
Brexshit just keeps on giving just not what was promised!
spain will be a third world country long before the uk.

Chipmonk Feb 18th 2021 11:56 pm
Re: Non Lucrative Visa
 
Originally Posted by StressedEric (Post 12968309)
Looking at financial requirements for Non Lucrative Visa, I understand you need roughly 33,000€ per year pension or the same amount in savings for a couple. Doe's anybody know if this can be split. i. e 20,000 € pension 13000€ in savings. Hope this makes sense.
Though none of us know for sure but one thing that you should be aware of is that it describes the 30,000 euros as INCOME. Now it might seem irrelevant but there is a reason it says that and not just that you need to show 30,000 euros. When we were members of the EU we were essentially citizens that derived rights based on membership. These broadly meant that we were to some degree protected by the union. In other words, one simply need to prove that you wouldn't be a burden to the state. Now that UK is a 3rd country our status has changed. No one wants to give visas to people who aren't going to effectively contribute . That is why the UK ( and other countries ) set quite high wages for immigtants wishing residency. They are above the tax thresholds, meaning they will be paying tax to the government. The same is implicit in the non lucrative Visa. You have to basically show you will be a continuous tax payer during your period of residency. The 30 000 euros means that you will have to submit tax for.s every year with a minimum of this amount to keep your residency. Now, of course, what happens in practice may be different but this is the base line and the philosophy at play. So I wouldn't automatically assume that having a house and 30,000 euros in a bank account is enough to grant a Visa.

StressedEric Feb 19th 2021 12:38 am
Re: Non Lucrative Visa
 
Originally Posted by Chipmonk (Post 12975201)
Though none of us know for sure but one thing that you should be aware of is that it describes the 30,000 euros as INCOME. Now it might seem irrelevant but there is a reason it says that and not just that you need to show 30,000 euros. When we were members of the EU we were essentially citizens that derived rights based on membership. These broadly meant that we were to some degree protected by the union. In other words, one simply need to prove that you wouldn't be a burden to the state. Now that UK is a 3rd country our status has changed. No one wants to give visas to people who aren't going to effectively contribute . That is why the UK ( and other countries ) set quite high wages for immigtants wishing residency. They are above the tax thresholds, meaning they will be paying tax to the government. The same is implicit in the non lucrative Visa. You have to basically show you will be a continuous tax payer during your period of residency. The 30 000 euros means that you will have to submit tax for.s every year with a minimum of this amount to keep your residency. Now, of course, what happens in practice may be different but this is the base line and the philosophy at play. So I wouldn't automatically assume that having a house and 30,000 euros in a bank account is enough to grant a Visa.
Thank you.

Notdunroamin Feb 19th 2021 1:19 am
Re: Non Lucrative Visa
 
Having a house is of course nothing to do with anything and never has been.

Chipmonk Feb 19th 2021 1:27 am
Re: Non Lucrative Visa
 
Originally Posted by Notdunroamin (Post 12975221)
Having a house is of course nothing to do with anything and never has been.
That's my point. I dont think you are awarded a Visa on the basis of held wealth. I Imagine it is generated income that they are looking at. Some people, have suggested that wealth is the determining factor but that would surely make it to easy. You could just transfer money from a UK bank to a Spanish one for the purpose of gaining a Visa and then transfer it back. The money could easily be borrowed or from the sale of a house.

Moses2013 Feb 19th 2021 1:52 am
Re: Non Lucrative Visa
 
I suppose the simple question has been answered. In any case this rule will apply:
The applicant must be able to prove the legal origin of their income. As a rule, tax returns are accepted, as well as any documents that can demonstrate a permanent source of funds during the first year of residence.

You still have to renew after 2 years and show that the income is still there.

Nand Feb 19th 2021 1:58 am
Re: Non Lucrative Visa
 
Originally Posted by bfg69bug (Post 12971389)
:typing:



Very true, I wasnt really thinking there - "they" are now in europe. I suppose what i meant is morrocans etc.

I read something a couple of years ago, saying that Britain would become a third world country, some of the things seem to be coming true.
Well, Sterling isn't saying its third world anything. The cost of housing comparatively also says its not even close to third world values and its going up at that!

scrubbedexpat147 Feb 19th 2021 4:41 am
Re: Non Lucrative Visa
 
Originally Posted by tumbleweedly (Post 12975240)
Well, Sterling isn't saying its third world anything. The cost of housing comparatively also says its not even close to third world values and its going up at that!
Anyone who thinks the uk is a third world country or even is close to becoming one needs to wash the shit out of their mouths. It’s disrespectful to the people who actually live in third world counties to say the that people in the uk have it hard. It’s a ****ing paradise to the vast majority of this planet. Anyone seen the exchange rate today?. They are saying it’s going to go up to pre brexit levels lol.

Barriej Feb 19th 2021 6:48 am
Re: Non Lucrative Visa
 
Originally Posted by Moses2013 (Post 12975237)
I suppose the simple question has been answered. In any case this rule will apply:
The applicant must be able to prove the legal origin of their income. As a rule, tax returns are accepted, as well as any documents that can demonstrate a permanent source of funds during the first year of residence.

You still have to renew after 2 years and show that the income is still there.
I asked this question to our solicitor today and she said that monies from a house sale if deposited in a bond or structured and protected form (word speak for not being able to withdraw the full amount) then all you would need is an agreement with the bond holding company to transfer the €2.200 or whatever amount per month.

I have a private pension (as do many others) and with he Uk allowing flexible withdrawals this could also be used. The solicitor said that this would also be adequate as long as the amount held was more than 2x the total required for the 5 years. So around €200.000

And she told me that 3rd country nationals had already done this and have been successful and a Canadian friend of mine has done this with a bond and he takes a regular cash sum from this (he pays more tax this way but he seems ok with it) He sold a business, house and a collection of classic cars.

Moses2013 Feb 19th 2021 7:12 am
Re: Non Lucrative Visa
 
Originally Posted by Barriej (Post 12975373)
I asked this question to our solicitor today and she said that monies from a house sale if deposited in a bond or structured and protected form (word speak for not being able to withdraw the full amount) then all you would need is an agreement with the bond holding company to transfer the €2.200 or whatever amount per month.

I have a private pension (as do many others) and with he Uk allowing flexible withdrawals this could also be used. The solicitor said that this would also be adequate as long as the amount held was more than 2x the total required for the 5 years. So around €200.000

And she told me that 3rd country nationals had already done this and have been successful and a Canadian friend of mine has done this with a bond and he takes a regular cash sum from this (he pays more tax this way but he seems ok with it) He sold a business, house and a collection of classic cars.
That's the whole point and every individual case is different
It's all explained here: Residence Visa (Non-Lucrative)

The Consulate Administrationhas full authority to evaluate and request more documents than those listed above. Please be informed that submitting the mentioned documents does NOT guarantee issuance of the visa. Documents presented for the visa application will not be returned.


All times are GMT -12. The time now is 5:30 pm.
Page 2 of 2
1
2
Show 40 post(s) from this thread on one page

Powered by vBulletin: ©2000 - 2026, Jelsoft Enterprises Ltd.
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.