Visa

DarioMartin wrote on Mon Jul 18, 2022 7:37am:

The amount you need to show is 400% of IPREM per annum for primary applicant plus 100% of IPREM per annum for each subsequent applicant on the Visa.  

IPREM is a financial indicator that varies every year, going up with cost of living etc.  right now I believe IPREM is approximately 590€ per month, SO Primary applicant would have to show access to about 28.320€ per year for first five years and each other person on the application has ...

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...to show about 7.080€, so a total of 35.400€ per year.

I stress “per year” as you have to prove this amount at each visa renewal.  Your initial visa is for 1 year, however each subsequent renewal is for TWO years and you must prove an amount capable of covering the two year visa, so at your first renewal, you will then need to prove access to 35.400€ x 2 = 70.800€ or thereabouts; same again at next renewal, 70.800€.  After that, you are home free as you automatically become permanent residents at the five year point.

Please note, I am working off memory for IPREM and the figure may be a few € higher or lower.

EDIT 20:45 18/7/2022

I have just looked up the IPREM and it is in fact 579,02 € per month or 6.948,24 € per annum.
SO ... 

Initial Application: Primary applicant = 27.792,96€ for primary applicant and 6.948,24 € for subsequent applicant = TOTAL: 34.741,20 €
First renewal (after 1 year) - Two year renewal = TOTAL: 69.482,40 €
Second Renewal (after two more years) - Two year renewal = TOTAL: 69.482,40 € 

And here is where I got the figures from : https://www.iprem.com.es/2022.html

DarioMartin wrote on Mon Jul 18, 2022 7:37am:

The amount you need to show is 400% of IPREM per annum for primary applicant plus 100% of IPREM per annum for each subsequent applicant on the Visa.  

IPREM is a financial indicator that varies every year, going up with cost of living etc.  right now I believe IPREM is approximately 590€ per month, SO Primary applicant would have to show access to about 28.320€ per year for first five years and each other person on the application has ...

Read more...

...to show about 7.080€, so a total of 35.400€ per year.

I stress “per year” as you have to prove this amount at each visa renewal.  Your initial visa is for 1 year, however each subsequent renewal is for TWO years and you must prove an amount capable of covering the two year visa, so at your first renewal, you will then need to prove access to 35.400€ x 2 = 70.800€ or thereabouts; same again at next renewal, 70.800€.  After that, you are home free as you automatically become permanent residents at the five year point.

Please note, I am working off memory for IPREM and the figure may be a few € higher or lower.

EDIT 20:45 18/7/2022

I have just looked up the IPREM and it is in fact 579,02 € per month or 6.948,24 € per annum.
SO ... 

Initial Application: Primary applicant = 27.792,96€ for primary applicant and 6.948,24 € for subsequent applicant = TOTAL: 34.741,20 €
First renewal (after 1 year) - Two year renewal = TOTAL: 69.482,40 €
Second Renewal (after two more years) - Two year renewal = TOTAL: 69.482,40 € 

And here is where I got the figures from : https://www.iprem.com.es/2022.html

Lizzie666 wrote on Sat Jul 23, 2022 9:51am:

Thank you for your comments.  Do you know if this system would apply if I obtained Irish citizenship? Or is this purely for non lucrative visa.  I’m not sure what route to take as both would be possible.

thanks

DarioMartin wrote on Sat Jul 23, 2022 10:50am:

If you got an EU country passport i.e. Irish, then no - your path becomes much much simpler … arrive, start working, and register as a resident if intending to stay longer than 6 months.  As an Irish citizen you enjoy Freedom of Movement 

would I still advise moving?  Well, the mere fact you are thinking about it would indicate you *want* to move....

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...

The standard of living here is much better, the cost of living much lower, the lifestyle more relaxed, peaceful and tranquil, crime rate is much lower than UK and of course the weather is better.  It’s not without its trials and tribulations but there’s many here who can attest they can be overcome.

The question to be asked is what are you looking for?

Lizzie666 wrote on Sat Jul 23, 2022 11:25am:

Hi, reasons for moving are to enjoy all of the things you listed! We are fully aware it’s not a holiday and there’s hurdles, systems and ways of life to adapt to. My father  in law lived outside Albox for 7 years so we have first hand stories, that being said he still raves about the lif...

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...estyle and climate. He only returned because he lived alone and was getting that bit older.  I would like the opportunity to work but more to fill my time, rather than a financial necessity.  It seems taking the Irish route is my best option as I believe it would be easier to live there full time and of course purchase a villa. It’s not going to be a holiday home, so we want the security of knowing we are legal and have the right to remain.

thanks 

Lizzie666 wrote on Sat Jul 23, 2022 12:22pm:

Hi sorry one other question, what is the Albanchez area like? 

Austtrev wrote on Sat Jul 23, 2022 12:55pm:

Hi

Albanchez is lovely. Some bars, 2 supermarkets, medical centre and open air pool! Plus there are a number of English for advice etc.

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We moved down to Spain in February, One of us has an Irish passport, I obtained my Residencia in May, as we are married, my partners residencia application went in straight away and should be sorted in next month or so. I also went autonomo (self employed) which got both of us onto the Spanish “nhs’ immediately, my partner has already had a pneumonia jab and we have both been offered a prostate test !

Yes, the paperwork seems to be never ending but it works out in the end.

 At the  end of the day, if you want to live in Spain you have to abide by their rules and just have to remember that you are the foreigner!

The people are friendly, it’s still cheap compared to UK and the lifestyle is lovely, and life is what you make it.

The Spanish Government has been trying to help with the cost of living, 20 cents off a litre of fuel, Vat on electric halved, price of bottled gas fixed and some free train travel as well.

If you need advice we would recommend Carly Flitney at Almeria Documents Direct who we found excellent, but obviously, other people will have different opinions.

We have no regrets whatsoever about making the move down here and don’t think you will.

Hope this helps a bit.

Austin and Trevor.