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I believe there is a way that you can 'bend ' the requirement,you put 27k in the bank get confirmation,transfer it out then put it back for the next year,so basically for 5 years you do not need 135k just the same 27 moved about,perhaps DM might have heard about this
Posted: Thu Aug 19, 2021 11:07pm
Very helpful member
hartcjhart wrote on Thu Aug 19, 2021 11:07pm:
I believe there is a way that you can 'bend ' the requirement,you put 27k in the bank get confirmation,transfer it out then put it back for the next year,so basically for 5 years you do not need 135k just the same 27 moved about,perhaps DM might have heard about this
Thank you so much for your help, I appreciate it,that’s really good to know!😊💖
Posted: Thu Aug 19, 2021 11:30pm
Legendary helpful member
hartcjhart wrote on Thu Aug 19, 2021 11:07pm:
I believe there is a way that you can 'bend ' the requirement,you put 27k in the bank get confirmation,transfer it out then put it back for the next year,so basically for 5 years you do not need 135k just the same 27 moved about,perhaps DM might have heard about this
Don’t even think you need to transfer it out - as long as you can prove you have the requisite amount, how it gets there is not normally questioned.
The only issue occurs at first visa renewal, as the renewal is for two years and you have to prove you have sufficient to cover the entire period, i.e. 54.000€
DarioMartin wrote on Thu Aug 19, 2021 11:30pm:
Don’t even think you need to transfer it out - as long as you can prove you have the requisite amount, how it gets there is not normally questioned.
The only issue occurs at first visa renewal, as the renewal is for two years and you have to prove you have sufficient to cover the entire period, i.e. 54.000€...
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Thank you very much for the information, I appreciate it😊
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Thank you very much, I’ll do that😊
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Janis wrote on Sun Aug 22, 2021 8:09pm:
Thank you very much, I’ll do that😊
You need a gestor and your Spanish Lawyer should have a contact or two. No-one seems to say that Spanish Layers are a very mixed bunch, some of whom I would not trust for an instant. Also, you will probably if not certainly pay tax on your UK pension(s). The allowances in Spain are a lot less than in the UK. Check this out with a tax accountant only. Personal opinions by anyone else do not count, it must be a tax accountant.
Posted: Wed Aug 25, 2021 2:45pm
Legendary helpful member
This post that was quoted has been deleted.
Valle del Este - international area, and you’ll pick up what your looking for for less than that I’ll warrant, especially long term. 3 bed Duplex / Bungalow at Valle del Este on long term rental would go for anywhere between 450€ per month to around 700€ per month depending on which complex you were in.
hartcjhart wrote on Thu Aug 19, 2021 11:07pm:
I believe there is a way that you can 'bend ' the requirement,you put 27k in the bank get confirmation,transfer it out then put it back for the next year,so basically for 5 years you do not need 135k just the same 27 moved about,perhaps DM might have heard about this
Sorry but that does not work, this was suggested to our friends in similar circumstances.😒
Bobbyweaf wrote on Wed Aug 25, 2021 12:40pm:
You need a gestor and your Spanish Lawyer should have a contact or two. No-one seems to say that Spanish Layers are a very mixed bunch, some of whom I would not trust for an instant. Also, you will probably if not certainly pay tax on your UK pension(s). The allowances in Spain are a lot less tha...
Read more...
...n in the UK. Check this out with a tax accountant only. Personal opinions by anyone else do not count, it must be a tax accountant.
Thank you so much, your info is really helpful😊
DarioMartin wrote on Wed Aug 18, 2021 9:58pm:
Well, as stated you need the 27.000€ per year available every year for five years to get residency, but I’m guessing you’re talking about living expenses.
OK, Mojácar - rent will run anywhere between 350€ - 450€ per month depending on what you want; electricity, depending on company and usage about 50€ - 70€ per month; internet - I pay 30€ per month for a 1 GB/s connection. We live (now) in Vera Playa and two people can live comfor...
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...tably on 1000€ per month, including rent, electricity etc
Thank you very much for your help!😊
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