Emigrating to Spain finances - Page 2

Interesting question that.  Have just caught sight of this on Europe Street News

“ Britons who are not resident in the EU by 31 December 2020 will be subject to checks by border authorities. These will verify the passport, which has to be less than 10 years old and have at least another 6 months of validity, the purpose and the length of stay (e.g. through the ticket and accommodation booking), and the proof of sufficient funds. The passport will be stamped.” 

It’s the second to last line that caught my eye ... “proof of sufficient funds”.  It doesn’t say what that is, and bear in mind the above passage is Europe-wide, but in Spain, if that is to be tested, I imagine it will be calculated from the IPREM, in a similar manner to migration requirements.  Simply put, the longer you intend to stay for a holiday, it seems the more you’ll need to prove you have.

Thanks for that, funds as in terms of bank finance is sound, so on that front, I wonder if they will want to see bank statements of your accounts to prove that fact?

Check

It out u don’t need to prove money u can get residency cheap everything is nice

Kusadasi is really nice Google it !

If you like living in a country whose record on human rights violations is sufficient to keep it from admittance to the EU, and a president who makes trump look sane ... yeah ... love it.

Life is short just chill I bet if u went there u would be supprised at the humanity there

It’s safer than Uk I tell u

So’s Spain and I’m resident here, so here is where I’ll stay thanks

well I suppose it's possible, but if you own your own property here and have a couple of credit cards you'll probably be fine! The only comparison I have from recent years is heading over to both the USA and Australia, both of which don't require visas in advance, but do require you to have sufficient means. I've not shown more than a credit card in years.

Against that, is say India, needing an advance visa I've had to show proof of funds via bank statements in the past

And yes, without residency you default to the 90 in 180 days visa free schengen rules, so very loosely, 3 months in 3 months out, with small adjustments to make sure you don't slip over the 90/180 rule

Think the S1 requirement is now approx €27000. (Dont quote me). 3 plus years ago it was around €7000, just why the huge increase is anyone's guess. With awful covid numbers making people think twice etc and movement restrictions etc, on a cold damp miserable day like today which isn't the norm you'd be forgiven for thinking you'd be better staying put lol. The rain in Spain etc lol.

if you have a second home here in Spain then the rules for residencia do not apply.  You will pay non resident tax for the property and all the overhead costs of IBI, water and electric connection standing charges but do not need a minimum income,  However the 90 days in any 180 apply so you have to decide if it is worth the costs to maintain 2 homes.  and of course you need travel insurance cover for health while in Spain.

Gary I wouldn’t ditch the dream of a home in Spain as yet. Much has to help still as as you say the do relying us Brits for their economy. 

Spain is a much cheaper country to live than UK and I can’t see how they came to those high figures! My husband and I are UK pensioners and have free health care and many many other things are cheaper than UK here starting with the properties. 

Do a bit more research maybe, who knows, some things may change for the better. Good luck whatever you do!