Financial Requirements for Spain’s Non-Lucrative Visa – Income, Proof & Tips

💶 How Much Money Do You Need for Spain’s Non-Lucrative Visa?

To be approved for the Spain Non-Lucrative Visa (NLV), you must demonstrate that you can financially support yourself (and any dependents) without working in Spain.

Spain requires applicants to meet a minimum income threshold based on the IPREM (Indicador Público de Renta de Efectos Múltiples), which is adjusted annually.

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📊 2024–2025 Income Thresholds (Approximate)

🔎 These values change slightly each year. Always check the current IPREM before applying.

➡️ [Link to official IPREM source]

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🧾 What Counts as Valid Proof of Income?

To satisfy the Spanish consulate, you must provide clear, verifiable proof of your financial means. This typically includes:

✅ Accepted Forms of Proof:

• Personal bank statements (3–6 months history)

• Savings or investment accounts

• Proof of pension income

• Dividends or rental income (if recurring and documented)

• Employment contracts from non-Spanish companies (for remote workers)

• Certified translations if not in Spanish or English

🚫 Not Typically Accepted:

• Crypto or unverifiable digital assets

• Cash deposits without explanation

• Business income without formal payroll or contracts

💡 Tip: If you’re applying as a family, make sure your financial proof clearly shows the full amount required, including dependents.

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🏦 Bank Statement Requirements – Format & Best Practices

Spanish consulates are strict about presentation and clarity. Here’s what your bank statements should show:

📌 Pro Tip: If you’re showing savings, keep funds in the account for at least 3 months prior to application.

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👨‍👩‍👧 Financial Requirements With Dependents

If you’re applying with a spouse or children, the income threshold increases.

Example Calculation:

• Main applicant: €30,000

• Spouse: €7,500

• Child: €7,500
  Total for family of 3: €45,000+

💬 Many consulates prefer savings over employment income for dependents. Use fixed deposits, retirement funds, or pension statements if possible.

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💡 Can You Use Remote Work Income?

Yes — as long as:

• Your employer is not based in Spain

• You can prove stable income above the threshold

• You show a valid contract or freelance agreements

• You clarify that you will not engage in Spanish economic activity

🛑 Warning: Some consulates may reject applications from digital nomads under the NLV — they may be encouraged to apply under Spain’s Digital Nomad Visa instead.

➡️ [Link to NLV vs Digital Nomad comparison article]

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📎 Additional Financial Documents to Include

Consider including the following supporting evidence to strengthen your application:

• Annual tax returns (especially for self-employed or retirees)

• Proof of real estate ownership or rental income

• Notarized letters explaining fund origin

• Bank letters verifying account ownership

• Letters from pension providers or employers

📂 Organize all documents in a folder, clearly labeled and translated where necessary.

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❌ Common Mistakes to Avoid

🚫 Submitting bank statements with your spouse’s name (if you’re the applicant)
🚫 Applying with insufficient income or borderline thresholds
🚫 Forgetting to apostille or legalize your financial documents (if required)
🚫 Providing assets without liquidity (real estate alone isn’t enough)

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🗂️ Summary: Minimum Income by Family Size

📌 Always check your local Spanish consulate website, as some impose slightly higher thresholds or prefer savings over employment income.

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📞 Need Help Proving Your Income?

At Borderless Lawyers, we specialize in helping NLV applicants from around the world prepare compliant, stress-free financial documentation.

✅ We review and translate bank documents
✅ We help structure your financial profile for approval
✅ We know the nuances of each consulate