Posted: Mon Jan 4, 2021 11:42pm
It’s the “new” method of gaining residency - you now need to apply for a Visa to move to Spain. If granted, you then make the move and have to apply for the TIE within 30 days of arrival. Initial Visa is for one year, so when you renew, you have to prove finance etc again, except that renewal is for two years so you need prove you have sufficient finance for two years. After two years, you renew again, again for two years, again proving finance for two years. Once you have been here 5 years, you are a permanent resident.
Ernie, it’s not 26K for a couple. The minimum required is 400% of IPREM for first applicant and IPREM for each dependent. IPREM is currently 537€ per month so it’s 25.776€ for you and 6.444€ for your partner, so 32.220€ total
At renewal point you have to prove finance for two years, so will need to show a total of 64.440€ available, and same again in two years time.