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Non lucrative visa
Non lucrative visa
by Darrel1957 » Tue Nov 09, 2021 11:55 pm
Hi
Has anyone been in a situation when applying for a non lucrative visa where your joint pensions don't meet the criteria but you may have ample savings
If so what would the visa department consider as possible "ample savings"
Thank you
Darrel
Has anyone been in a situation when applying for a non lucrative visa where your joint pensions don't meet the criteria but you may have ample savings
If so what would the visa department consider as possible "ample savings"
Thank you
Darrel
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Re: Non lucrative visa
by cooper67 » Wed Nov 10, 2021 6:47 am
i am going through this just now 33 000 per couple thats the information my lawyer gave me on monday
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Re: Non lucrative visa
by Kevdurham » Wed Nov 10, 2021 7:25 am
That was the figure we had to provide as well.
You also have to show you have had that amount of money for a number of months.
Good luck
You also have to show you have had that amount of money for a number of months.
Good luck
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Re: Non lucrative visa
by Darrel1957 » Wed Nov 10, 2021 7:58 am
Hi
Thank you but is that 33000/pounds/euros
And is that plus savings?
Thank you but is that 33000/pounds/euros
And is that plus savings?
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Re: Non lucrative visa
by Darro » Wed Nov 10, 2021 8:31 am
It's Euros but each case will be different so it's difficult to draw definitive lines.
The concept is that income should be from reliable and ongoing sources which really means pensions and demonstrable regular income from investments or dividends etc.
Cash in the bank may be included in the mix but of course because it can be spent at any time it's unlikely to be be accepted where it forms a significant proportion of the whole.
For reasons which escape me I believe available balances on Credit Cards may even be taken into consideration.
Salaries from jobs, including remote working, are of course not acceptable because you are applying for a NON LUCRATIVE visa which prohibits work of any sort!
The concept is that income should be from reliable and ongoing sources which really means pensions and demonstrable regular income from investments or dividends etc.
Cash in the bank may be included in the mix but of course because it can be spent at any time it's unlikely to be be accepted where it forms a significant proportion of the whole.
For reasons which escape me I believe available balances on Credit Cards may even be taken into consideration.
Salaries from jobs, including remote working, are of course not acceptable because you are applying for a NON LUCRATIVE visa which prohibits work of any sort!
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- Darrel1957
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- Which part of Spain are you from?: Torrevieja
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Re: Non lucrative visa
by Tone and Mone » Wed Nov 10, 2021 3:43 pm
From the embassy website (I am currently applying and know others that have got their visa with pensions and savings)
"Financial means required to cover the living expenses and, where appropriate, those of their family members,
for one year, in accordance with the following amounts:
- For the support of the main applicant, monthly, 400 % of the IPREM (Indicador Público de Renta
de Efectos Múltiples), which in 2021 amounts to 564,90 €, being 2.259,6 € or its legal equivalent in
foreign currency.
- For the support of each of the family members in charge, monthly, 100% of the IPREM, which in
2021 amounts to 564,90 € or its legal equivalent in foreign currency.
The availability of sufficient financial means will be evidenced by the submission of original and stamped
documents that verify the perception of a periodic and sufficient income or the holding of an estate that
guarantees the perception of that income.
If the financial means come from shares or participations in Spanish companies, mixed or foreign companies,
based in Spain, applicants shall prove, by certification thereof, that they don’t carry out any work activity in
such companies and will submit an affidavit to that effect.
"Financial means required to cover the living expenses and, where appropriate, those of their family members,
for one year, in accordance with the following amounts:
- For the support of the main applicant, monthly, 400 % of the IPREM (Indicador Público de Renta
de Efectos Múltiples), which in 2021 amounts to 564,90 €, being 2.259,6 € or its legal equivalent in
foreign currency.
- For the support of each of the family members in charge, monthly, 100% of the IPREM, which in
2021 amounts to 564,90 € or its legal equivalent in foreign currency.
The availability of sufficient financial means will be evidenced by the submission of original and stamped
documents that verify the perception of a periodic and sufficient income or the holding of an estate that
guarantees the perception of that income.
If the financial means come from shares or participations in Spanish companies, mixed or foreign companies,
based in Spain, applicants shall prove, by certification thereof, that they don’t carry out any work activity in
such companies and will submit an affidavit to that effect.
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Re: Non lucrative visa
by Tone and Mone » Wed Nov 10, 2021 3:44 pm
Darro wrote:It's Euros but each case will be different so it's difficult to draw definitive lines.
The concept is that income should be from reliable and ongoing sources which really means pensions and demonstrable regular income from investments or dividends etc.
Cash in the bank may be included in the mix but of course because it can be spent at any time it's unlikely to be be accepted where it forms a significant proportion of the whole.
For reasons which escape me I believe available balances on Credit Cards may even be taken into consideration.
Salaries from jobs, including remote working, are of course not acceptable because you are applying for a NON LUCRATIVE visa which prohibits work of any sort!
May I ask why you're saying savings are "unlikely to be accepted" when dozens of people have had their visas granted on that very thing?
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Re: Non lucrative visa
by Tone and Mone » Wed Nov 10, 2021 4:28 pm
I've just spoken to someone who has recently had their NLV granted on savings alone as they're not yet retired and have no other income.
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Re: Non lucrative visa
by PGA » Wed Nov 10, 2021 6:13 pm
Are people getting appointments at the Spanish embassy ok now?
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