Question: What income do I need to move to Spain?

Currently anyone wishing to obtain resident status will need to prove that they have an income of at least 700 Euros per month. At the moment the entire process of gaining resident status is taking longer to complete as there is a rush of expats trying to legalise themselves in Spain before Brexit actually occurs.

How much money do I need to move to Spain?

It’s possible to spend move abroad for a year in Spain on as little as $1,000 a month, according to Wealthsimple. The first essential step in making the move is to save — three to four months of your annual salary should suffice. Unless you are a European citizen, you will need a visa to move to Spain.

How much money should I save before moving to Spain?

Having $5000 saved up before going to Spain is more than enough, but I think having at least $3000 saved up should be plenty. If your parents are generous enough to help you, this will help cut some of the costs, like a plane ticket.

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What do I need to move to Spain?

Spanish NIE numbers

  1. Your passport and a copy of all pages.
  2. Passport photos.
  3. proof of legal entry into Spain.
  4. A complete EX-15 form; you can find this online along with english instructions (it must be completed in spanish)
  5. A supporting document stating why you need an NIE (plus a photocopy)

Is moving to Spain a good idea?

Spain offers a great lifestyle and climate and if you are retired and get a pension then we certainly can recommend moving to Spain. However the younger you are the more uncertain the possible move to Spain. Much depends on your career and job prospects, your personal skills, character and ability to speak Spanish.

Can you move to Spain without a job?

If you work for yourself, you can still move to Spain and declare yourself ‘self-employed’ or ‘Autonomo’. There are a lot of steps you will have to take: Apply for a permanent residence. Demonstrate that the commercial activity you are undertaking is compliant with Spanish rules.

Does Spain have free healthcare?

The Spanish National Healthcare System (“Instituto Nacional de la Salud”), founded on Spain’s General Healthcare Act of 1986, guarantees universal coverage and free healthcare access to all Spanish nationals, regardless of economic situation or participation in the social security network.

How much money do I need to live comfortably in Spain?

It’s possible to retire comfortably in Spain on about $25,000 a year. That breaks down to roughly $2,083 per month. Of course, it is possible to live in Spain on less — $20,000, for instance. This amount would make more sense if you decide to live farther from big cities and lead a more minimalist lifestyle.

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How much is rent in Spain?

The average monthly rent is about 600 euros.

Obviously, if you move away from the central areas and avoid cities like Barcelona or Madrid, you can find rentals of 400 euros easily.

What are the disadvantages of living in Spain?

Missing ‘Home’. Certainly a disadvantage to working in Spain is that you may miss your friends and family back home. Although they may not be too far away, in other words just a short flight, it can be hard and expensive to constantly be flying back especially if you have grandchildren back at home.

What happens if you stay in Spain longer than 90 days?

The Schengen law states that you can’t stay in the Area more than 90 days. If you do, you’re subject to a fine and deportation.

How difficult is it to move to Spain?

Immigration to Spain can be a difficult task for many. But with the right advice, it shouldn’t be that way. Because in order to enjoy all the wonders of the country, you will for sure need to enjoy legal status. And that implies obtaining a residence and work authorization.

Temperamental Spain