Visa

As established in Article 47 of Royal Decree 557/2011, the foreigner who wishes to apply for the non-lucrative residency must demonstrate possession of 400% of the IPREM at a monthly level.

That is to say, 2400€ monthly, which taken to one year would be 28800€.

This last amount is the definitive one that the foreigner must have in his bank account (this being one of the proof options available, as we will now see) and demonstrate as a key point for the non-profit status to be granted.

But, it is well possible for the applicant to include relatives in  application.

If this is the case, the foreigner will have to demonstrate an extra 100% of the IPREM for each relative included within the application.

Therefore, we would be talking about an additional 7200€ per family member.