Spain Retirement Visa Alternatives - How to Retire in Spain?

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You can retire in Spain through the non-lucrative visa, which allows expats to live in Spain without working, as long as they can financially support themselves and their families.

What Are The Requirements for Retirement in Spain?

To retire in Spain, you need at least €28,800 in savings or annual income. This sum increases by €7,200 for every family member coming with you. Other requirements include:

You must not have criminal charges.
You must be in good health.
You must not work in Spain.

If you’re considering moving to Spain as a retiree, consulting a Spanish immigration expert can help clarify your options. Whether you work with a local attorney or an immigration consultancy, professional advice can help you navigate Spain’s residency process.

Specialized immigration professionals can assist with the legal steps required to retire in Spain, ensuring a smooth transition. Learn more about retirement options here.

How to Apply for a Spain Retirement Visa?

To apply for the non-lucrative visa for retirement, you have to submit all all supporting documents (bank statements, police clearance, medical certificate) at the nearest Spanish embassy or consulate.

See a detailed breakdown on how to apply for a non-lucrative visa.

How Long Does It Take To Get a Retirement Visa for Spain?

The application process for a Spain non-lucrative visa for retirees lasts 2 to 3 months.

How Long Can Retirees Stay in Spain?

The retirement non-lucrative visa is initially issued for one year, and afterward can be renewed every two years.

Can I Bring Dependents as a Retiree in Spain?

Yes, as a retiree in Spain, you can bring your spouse and children with you.

Why Retire in Spain?

Here are some of the reasons why you should retire in Spain:

Healthcare

The healthcare system in Spain offers universal coverage as a constitutionally-guaranteed right to all its citizens has both public and private healthcare systems. The public healthcare system provides free healthcare services to retirees, including retirees who are not from Spain.

Foreign residents living in Spain have two health insurance options that they can choose: Private Insurance Provider or National Healthcare System (Sistema Nacional de Salud SNS).

In addition, as a foreign retiree, you can also qualify for public healthcare called “Convenio Especial.”

Life quality

In Spain, you can have a laid-back style while also having time to enjoy everything you want to do. Spain is known for having a great work/life balance, quality of medical care, safety, and comfort.

Living Costs

Spain has relatively affordable living costs. However, in cities like Ibiza, Barcelona, or Madrid, due to their popularity, prices can be a little higher. Living expenses for single retirees are lower and affordable if you have enough financial means, whereas a couple could live on $20,000 to $22,000 a year.

Safety

Spain is ranked in 38th place when it comes to safety and security and has a relatively low crime rate. Spain’s crime rate is way lower than other countries around the world, but there are still some minor safety measures you must take for scams or theft.

What Are Some of the Best Cities to Retire in Spain?

Some of the best destinations to retire in Spain include:

Barcelona is famous for its outstanding football team, stunning architecture, lively nightlife, sandy beaches, and world-class cuisine.
Madrid is a major cultural capital in Spain. Madrid is one of the busiest European capitals because of shows and cultural activities. Madrid is also home to impressive architecture, incredible museums, and stunning outdoor plazas.
Mallorca Island. Off the coast of Valencia, Mallorca Island is a tranquil piece of the Mediterranean. Anywhere on the island, hiking along the shore or on the steep peaks of Serra de Trramuntana will reveal a fresh and unforgettable natural wonder.
Marbella has a reputation for being a glam resort town. This southern town in Spain is popular for its fascinating beaches, amazing nightclubs, and facilities for boats and yachts.
Alicante‘s sandy beaches, lovely weather, and prominence as a tourist destination are its main draws. Temperatures are generally consistent throughout the year due to its location on the Mediterranean coast, and the province is well connected both nationally and internationally.

Is There Another Way I Can Retire in Spain?

Another option for retirement in Spain is through the Investor visa (also known as a Golden Visa) which is issued to non-EU nationals who make a major investment in Spain, such as purchasing real estate, funding a business, or creating employment possibilities. One of the most common methods of investment includes purchasing real estate worth at least €500,000.

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