Quick Answer: What are the benefits of having Spanish residency?

What are the advantages of Spanish residency?

The benefits of acquiring Spanish residence include the right to work, live and study in Spain. Besıdes it may also offer a viable route to acquiring Spanish citizenship for investors especially of those who make Spain their main country of residence and meet additional criteria.

What does being a resident of Spain mean?

Individuals are resident in Spain for tax purposes if they meet at least one of the following criteria: Spend more than 183 days in Spain during a calendar year. In determining the period of stay, temporary absences are included in the count, except when the tax residence in another country can be proven.

What is the difference between citizenship and residency in Spain?

Spanish citizenship allows you to live and work both in Spain and in any other EU country, at the same time that grants you some rights as the right to vote in Spain. On the other hand, permanent residency just enables you to work in the Spanish territory.

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Which countries can I visit with Spanish residence permit?

Visa-Free Countries for Spain Residency

  • Bulgaria. Cyprus. Greece. Grenada.
  • Ireland. Malta. Moldova. Montenegro.
  • Portugal. SanMarino. SolomonIslands. Turkey. United ArabEmirates. Vanuatu.

What are the disadvantages of taking Spanish residency?

The disadvantage of Tax Residency

Tax residency means that the foreigner in Spain who has this status will have to pay all the taxes that the residents must pay; still, they are not considered the country’s residents. So, they pay those taxes as non-residents.

How much money do I need in the bank for Spanish residency?

REQUIREMENTS TO APPLY FOR RESIDENCY FROM THE EUROPEAN UNION

As an EU resident, you must prove that you have €6,000 in your bank account and that you have a private medical policy. Alternatively, you can get a job offer in Spain and it will work as well.

How long does Spanish residency last?

Individuals can obtain permanent residency in Spain after having legally lived in the country for a period of five uninterrupted years. When they fulfill this specific condition, they can apply for permanent residency and then gain the right to live for the rest of their lives in the country.

Can you live in Spain after Brexit?

Can Brits still retire to Spain? The answer is simple: yes. It is still possible to retire to Spain after Brexit, even though the path has now changed (things are not that simple now that Brits are subject to the same immigration rules as non-EU citizens).

What do I need for Spanish residency?

Residency card

  • NIE, or your foreigner’s tax number.
  • Your S1 form if you are a pensioner or proof of Spanish health insurance if not.
  • Proof of fee payment for the residencia application (paid at any Spanish bank)
  • The completed residency application form.
  • Passport.
  • Two passport size photos.
  • Proof of income.
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How long can a Spanish resident stay out of Spain?

We are talking about the most typical cases, such as the arraigo, the non-profit residence, a regular work permit, etc. In any of these cases, you are allowed to stay outside Spain for a maximum of 6 months within the period of one year.

Can you live in Spain without residency?

This rule simply states that you can live in Spain without residency for a maximum of 90 days. After those 3 months, you need to either obtain a residence permit, or leave the country. And that is because the shortest stay option is the tourist (or Schengen) visa, which lasts exactly for 90 days.

How long can you leave Spain without losing residency?

In general terms, the card as a family member of an EU citizen, even though it is for five years, is still a temporary residence. Therefore, in order not to lose that residence card and to be able to renew it, you can be away for a maximum of six consecutive months during one year.

Can I get residency in Spain if I buy a house?

Yes, you can get residency in Spain after buying a house, and that is thanks to the golden visa scheme. Since 2013, non-EU citizens who purchase a property in the Spanish territory can get a 2-year residence permit (that can be renewed) as long as the property investment is at least € 500.000.

Is it easy to get Spanish residency?

After 5 years of living uninterruptedly in Spain with your permit or visa, you won’t have to renew it anymore. And that is because then you will be eligible to apply for the permanent residency, a permit that will allow you to live and work in Spain indefinitely. The requirements are really easy to meet.

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Can I travel to UK with Spanish residence permit?

Can I travel to the UK with Spanish NIE? The NIE is not a valid travel document for the UK. Spanish citizens must have a valid passport to enter the United Kingdom.