Spain is a popular destination for travellers from around the world. If you are planning on staying in Spain for more than 90 days, you need to apply for a visa. As of 2023, income requirements are increasing. Here’s what you need to know about the upcoming changes.
The increase in income requirements
Previously, visa applicants needed to prove an income of €2,316.08 per month or €27,792.96 per year. This has now raised to €2,399.46 per month or €28,793.51 per annum. For a married couple, the new figures are €2,999.32 (up from €2,895.10 in 2022) per month; or €35,991.88 per year (up from €34,741.20).
These new income requirements will be relevant for anyone applying for a Non-Lucrative Visa or Golden Visa—or renewing a visa after a year.
Why the change?
This increase in income requirements is part of an effort by the Spanish government to ensure that those who come into the country can support themselves financially during their visit and not become a burden on Spanish taxpayers.
Additionally, it is hoped that this measure may help bring down the number of people overstaying their visas and living unlawfully in Spain without proper documentation or authorization.
Inflation across Europe in turn pushes up minimum wage rates. The minimum wage rate is important because visas offered to people who want to move to Spain are based on multiples of the minimum wage.
Impact on Travellers
For those planning on visiting Spain from 1st January 2023 and staying longer than 90 days, these new requirements could pose an obstacle. In addition to having enough money saved up for your trip, you’ll also need to make sure you have sufficient health insurance coverage and can prove that you have enough income coming in each year. These changes could mean more paperwork and additional costs if you’re staying in Spain beyond three months.
Preparing to get a Visa
If you are in the process of applying for your Spanish Visa it is important to know what documents are needed for visa applications. In general, applicants will need proof of financial stability (proof of employment or bank statements) and evidence that they have somewhere to live (lease agreement or proof of ownership). They will also need medical insurance and a criminal background check. Depending on the type of visa needed, other documents may be required as well.
It is also key to make sure documentation is up-to-date and accurate—any discrepancies can cause delays or denial of the application. Additionally, it’s important to keep track of deadlines associated with each document, as many documents need to be renewed every year.
For travellers planning a visit, it’s important that they factor these new Spanish visa requirements into their plans long before they set out on their journey. This will ensure you don’t run into any surprises along the way!
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