Andy56 wrote on Sat Apr 18, 2020 10:22am:
Thanks you for that. If we don’t make ‘the cut’ at the end of the year because of travel restrictions do you know if the 27000 eu has to be in the form of income? We will have property in Spain to the value of probably 350,000 euros but I draw my pension according to what I need which is le...
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...ss than 27000 euros. Would I therefore not be qualified or are there other financial qualification criteria. Hope you don’t mind me picking your brains!
Here the waters are a bit murky because the financial requirements even now vary from province to province. Some provinces require the 9.050€ per annum to be in the form of income, whereas others require only an annual average bank balance (attested by certificate in Spanish) of 9.050 €
When the transition period ends, as it stands with the law right now, the 27.000 € is required to be shown as annual income, however there has been talk (mostly among expats, it must be noted) of “special rules” being made for UK passport holders who arrive after the transition period .... it is possible that an extension to June 2021 to apply for Residencia may be granted, but I believe you would still need to show you actually arrived and started living in the country before December 31st 2020 (by means of Padrón possibly?)