I have been looking into how much in savings you would need to move to Spain after this year can anyone enlighten me ? On another post someone put that it would have to be ‘ income’ but I have been doing some research and it seems to me that you would have to have savings not income ??
Posted: Wed Jun 3, 2020 8:53pm
Legendary helpful member
Post transition period, you will not be able to get a Residencia, which is for EU Citizens, but would instead apply for a TIE - Tarjeta de Identidad Extranjero.
The rules for this are quite strict. Firstly, to get your temporary residence you will need to pass a Spanish “test” - you will be required to have basic conversational Spanish. You will then also have to prove an income of 27.000€ per annum. It is unknown at this stage if savings will be accepted, as it stands at this point it requires an income.
This will have to be renewed after 1 year, but is then valid for two years, if I recall, whereupon the income requirement rises. After this 2 years you renew again, for another 2 years, then at the 5 year point you can apply for permanent residency.
There is no “special arrangement” under consideration for British Nationals at this stage I’m afraid and post transition period, British Nationals will be subject to the exact same requirements, as outlined above, as every other third country national seeking residency in Spain.
Posted: Wed Jun 3, 2020 9:10pm
DarioMartin wrote on Wed Jun 3, 2020 8:53pm:
Post transition period, you will not be able to get a Residencia, which is for EU Citizens, but would instead apply for a TIE - Tarjeta de Identidad Extranjero.
The rules for this are quite strict. Firstly, to get your temporary residence you will need to pass a Spanish “test” - you will be required to have basic conversational Spanish. You will then also have to prove an income of 27.000€ per annum. It is unknown at this stage if...
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... savings will be accepted, as it stands at this point it requires an income.
This will have to be renewed after 1 year, but is then valid for two years, if I recall, whereupon the income requirement rises. After this 2 years you renew again, for another 2 years, then at the 5 year point you can apply for permanent residency.
There is no “special arrangement” under consideration for British Nationals at this stage I’m afraid and post transition period, British Nationals will be subject to the exact same requirements, as outlined above, as every other third country national seeking residency in Spain.
means. As we know, the initial permit granted is for a period of one year, and the financial means that have to be demonstrated are for that period only, however the renewals (renewal is required on two occasions) have a validity of two years, which means you will need to show sufficient funds for that entire period. Let’s say, an applicant, without additional family members must prove 25816,32 euros or its equivalent in the foreign legal currency the first time, when renewing, they will be asked to prove 51632,64 euros or its equivalent in foreign legal currency. The same occurs when you renew a second time. Once you get close to the expiry date of the very last permit, youwill be entitled to a long term residence permit and no further proof of financial means will be require.this was posted before in one of the topics and this states funds not income .
Posted: Wed Jun 3, 2020 9:38pm
Legendary helpful member
Barbie1952 wrote on Wed Jun 3, 2020 9:10pm:
means. As we know, the initial permit granted is for a period of one year, and the financial means that have to be demonstrated are for that period only, however the renewals (renewal is required on two occasions) have a validity of two years, which means you will need to show sufficient fun...
Read more...
...ds for that entire period. Let’s say, an applicant, without additional family members must prove 25816,32 euros or its equivalent in the foreign legal currency the first time, when renewing, they will be asked to prove 51632,64 euros or its equivalent in foreign legal currency. The same occurs when you renew a second time. Once you get close to the expiry date of the very last permit, youwill be entitled to a long term residence permit and no further proof of financial means will be require.this was posted before in one of the topics and this states funds not income .
Yes, that’s from Chrisso50 - but as he has posted elsewhere, funds means income.
The TIE is designed for people coming to live and work in Spain, as such it doesn’t generally recognise savings.
Is the income criteria double for a couple or some other measure?
Is marriage necessary first?
Presumably pension income will count?
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Posted: Thu Jun 4, 2020 9:06am
Legendary helpful member
Fresh wrote on Thu Jun 4, 2020 7:23am:
Is the income criteria double for a couple or some other measure?
Is marriage necessary first?
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Presumably pension income will count?
I really don’t know about income requirement for a couple.
Marriage will be necessary; whilst Spanish law allows for duly registered civil partnerships, Mundi Abogados advises that even when a de facto partnership is registered and documented, Apostilled and translated into Spanish, Oficina de Extranjeria don’t always accept it.
As far as I am aware, yes, pension income will count. But if your not married then in reality it’s two applications with the income requirement of around 27.000€ per annum each
Posted: Thu Jun 4, 2020 9:44am
DarioMartin wrote on Thu Jun 4, 2020 9:06am:
I really don’t know about income requirement for a couple.
Marriage will be necessary; whilst Spanish law allows for duly registered civil partnerships, Mundi Abogados advises that even when a de facto partnership is registered and documented, Apostilled and translated into Spanish, Oficina de Extranjeria don’t always accept it....
Read more...
...
As far as I am aware, yes, pension income will count. But if your not married then in reality it’s two applications with the income requirement of around 27.000€ per annum each
So just to clarify if you are married and retired your income would be in total £27000 ?
Posted: Thu Jun 4, 2020 10:49am
Legendary helpful member
Barbie1952 wrote on Thu Jun 4, 2020 9:44am:
So just to clarify if you are married and retired your income would be in total £27000 ?
I’m going to defer to Chrisso50 on that. I BELIEVE the income requirements for a couple exceed that of a single person, but are not necessarily double. I’ve sent him a message, I’m hoping he’ll be able to clarify a few things.
Posted: Thu Jun 4, 2020 12:37pm
DarioMartin wrote on Thu Jun 4, 2020 10:49am:
I’m going to defer to Chrisso50 on that. I BELIEVE the income requirements for a couple exceed that of a single person, but are not necessarily double. I’ve sent him a message, I’m hoping he’ll be able to clarify a few things.
Thankyou
Posted: Thu Jun 4, 2020 1:26pm
Super helpful member
DarioMartin wrote on Thu Jun 4, 2020 10:49am:
I’m going to defer to Chrisso50 on that. I BELIEVE the income requirements for a couple exceed that of a single person, but are not necessarily double. I’ve sent him a message, I’m hoping he’ll be able to clarify a few things.
Hi. As far as I know (from reliable people) the TIE income limits after 1 January for a foreigner arriving to live here after that date from a non-EU country would be what they are now - which is approx four times the amount required for a National from an EU country. So given that it varies from one regional office to another, it’s approx €30,000-€32,000 p.a. For a partner/spouse I think it’s about another quarter, so an annual income of €38,000-€40,000 for a couple. I’d have to look it up for other permutations... Thus wealthy Russians don’t have a problem meeting the limits but many British citizens might.
Chris
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