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Spanish residency for financially independent persons (FIP)

Spanish residency for financially independent persons (FIP)

Live in an EU country and obtain residency status without investment

  • Visa-free travel across the Schengen Area
  • Preferential taxation for new residents
  • Residence permit for the whole family

Apply now to get expert advice

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Brief overview of the program

The Non-Lucrative Residence Visa (Visado de Residencia No Lucrativa) allows non-EU citizens to reside in Spain on a long-term basis without the right to work or run a business. The program is designed for individuals with sufficient financial means to support themselves in the country.

To obtain residency, the applicant must prove a monthly income of at least EUR 2,400, plus an additional EUR 600 for each family member. The initial permit is granted for one year and can be renewed. Residents may travel freely within the Schengen Area for up to 90 days in any 180-day period.

Processing time from 4 months
Cost EUR 3,000

Advantages of the program

  • Free movement within the Schengen Area

    A non-lucrative residence permit in Spain grants visa-free entry and stay in 29 Schengen Area countries.

  • Flexible residency requirements

    To maintain the permit, you only need to stay in Spain for at least 183 days per year.

  • Family reunification

    The program allows you to include a spouse and minor children in the application, provided sufficient financial means are demonstrated.

  • Access to key services

    Residents gain access to Spain’s high-quality healthcare and education systems, as well as the ability to open accounts in European banks.

  • No investment requirement

    Financially independent individuals are not required to purchase property or invest in Spain’s economy.

  • Path to permanent residency

    After 5 years of continuous residence in Spain, financially independent individuals can apply for permanent residency.

Unlock business and financial opportunities with the program

  • Taxes Residency opens access to preferential tax treatment, including the Beckham Law regime with a fixed 24% rate on income up to EUR 600,000 for the first 6 years, and exemption from taxes on foreign assets and income.
  • Bank Accounts Residency simplifies opening accounts in European banks, removes limits on credit and investment products, and provides full access to European payment systems and mortgage programs.
  • Business Development Residency grants entry to the single European market of over 450 million consumers, offers simple conditions for company registration, and allows participation in startup support programs from Spain and the EU.

Visa-free travel map

A Spanish residence permit allows visa-free travel to over 45 countries, including Germany, Italy, Portugal, the Netherlands, and Austria, for purposes such as leisure, short-term study or medical treatment, business activities, and participation in various events.

map

Visa-free travel to 45+ countries with Spanish residency

  • Austria
  • Belgium
  • Bulgaria
  • Hungary
  • Germany
  • Greece
  • Denmark
  • Ireland
  • Iceland
  • Spain
  • Italy
  • Cyprus
  • Latvia
  • Lithuania
  • Liechtenstein
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Finland
  • France
  • Croatia
  • Czech Republic
  • Switzerland
  • Sweden
  • Estonia
  • Albania
  • Andorra
  • Antigua and Barbuda
  • Armenia
  • Bahamas
  • Bosnia and Herzegovina
  • Vatican City
  • Guatemala
  • Honduras
  • Georgia
  • Egypt
  • Costa Rica
  • Moldova
  • Monaco
  • Nicaragua
  • Oman
  • Panama
  • El Salvador
  • San Marino
  • Serbia
  • Montenegro

Obtain Spanish residency in a short time with support from iWorld lawyers

  • Clear financial requirements for the applicant
  • Option to live in Spain for at least 183 days per year
  • Ability to include family members in the application
  • No requirement for large investments

Apply now to get expert advice

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The requirements to the applicants

  • At least 18 years old
  • No criminal record in Spain or in countries of residence for the past 5 years
  • Proof of financial means: 400% of IPREM per month (EUR 2,400/month or EUR 28,800/year)
  • Commitment not to engage in employment or professional activity in Spain
  • Private health insurance with a company authorised to operate in Spain
  • Legally registered marriage
  • Additional financial means of 100% IPREM (EUR 600/month or EUR 7,200/year)
  • Any age if financially dependent on the applicant
  • Additional financial means of 100% IPREM for each child

Steps for obtaining residency in Spain

Initial consultation

iWorld specialists conduct a detailed analysis of your situation to determine whether you are eligible for the residence permit program for financially independent individuals. You will receive comprehensive information about the requirements and answers to all your questions.

Document collection and preparation

The iWorld team provides full support in collecting all the necessary documents, including proof of financial independence, medical insurance, and criminal record certificates. Our specialists also provide professional translation and legalization of documents to meet consulate requirements.

Submitting documents for a visa

iWorld lawyers organize the process of submitting documents to the Spanish consulate, helping with scheduling and preparing for the interview. The team ensures compliance with all formalities and deadlines for reviewing the application.

Residence card registration

After your visa is approved and you arrive in Spain, iWorld specialists will help you register for a foreigner's card (TIE) within 30 days, which officially confirms your resident status.

Additional services provided by iWorld

Immediately after obtaining French residency status, iWorld specialists will help you adapt to your new country of residence and offer a range of services:

  • Opening bank accounts (including Wise, Revolut, MasterCard, Visa)
  • Registration of sole proprietorships and companies
  • Support in the process of renting/purchasing real estate
  • Obtaining a European-style driver's license
  • Enrolling children in kindergartens and schools

Comparison of Spanish residency with other popular programs for FIP

Category
Spain Spain
France France
Greece Greece
Portugal Portugal
Visa-free destinations
45+
45+
45+
45+
Residency term
1 year
1 year
3 years
2 years
Processing time
from 4 months
from 1 month
from 3 months
from 6 months
Remote renewal
no
yes
partial
no
Minimum passive income
EUR 2,400/month
EUR 1,802/month
EUR 3,500/month
EUR 870/month
For the whole family
yes
yes
yes
yes

Path to Spanish citizenship

Residency
The company’s lawyers provide comprehensive legal assistance in obtaining the initial one-year residence permit, ensuring full compliance with all requirements. Clients are also supported in renewing their permit for subsequent two-year periods, simplifying the process and reducing the risk of refusal.
Permanent residency
After 5 years of continuous residence, iWorld specialists assist in obtaining permanent residency, which grants broader rights in Spain. This status allows employment, business activity, and access to almost all the rights enjoyed by Spanish citizens.
Citizenship
After 10 years of legal residence, the iWorld team provides full legal support for the naturalisation process, helping clients collect the necessary documents and navigate all stages. The company’s experts also prepare applicants for the mandatory Spanish language and constitution exams, increasing their chances of successfully obtaining citizenship.
Path to Spanish citizenship

Get inspired and informed—discover the path to Spain through our video!

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Get a personalized estimate for the cost of obtaining residency in Spain

iWorld specialists will prepare a personalized estimate with terms, stages, deadlines, taking into account your situation and all necessary fees.

Get a personalized estimate for the cost of obtaining residency in Spain

Fill out the form and get a detailed guide about the service from iWorld specialists

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Alternative programs for FIP

France Country France
Cost EUR 4,900
Processing time from 1 month
Key advantages
  • Fast-track application process
  • No language requirements
  • Prospect of obtaining permanent residency
Learn more
Greece Country Greece
Cost EUR 6,000
Processing time from 3 months
Key advantages
  • 2-year residence permit with the right to extend
  • Access to the real estate market and banks
  • Possibility of registration for family members
Learn more
Portugal Country Portugal
Cost EUR 6,500
Processing time from 6 months
Key advantages
  • Work and self-employment residence permit
  • Visa-free travel to EU countries
  • Right to citizenship after 5 years of residence
Learn more
See all programs

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FAQ

What is the minimum passive income required to obtain a residence permit for financially independent individuals in Spain?

The minimum is 400% of IPREM per month, which equals EUR 2,400 per month or EUR 28,800 per year for the main applicant. For each family member, an additional 100% of IPREM is required (EUR 600 per month or EUR 7,200 per year). Income can come from a pension, annuities, rental income, or other passive sources.

Can you work with a residence permit for financially independent individuals?

No. This authorisation does not allow employment or professional activity in Spain. Holders of this type of residence permit must commit not to work in Spain.

Which family members can obtain residency along with the main applicant?

A spouse and children of any age who are financially dependent on the applicant can obtain residency through the family reunification procedure. For each family member, additional financial means of 100% IPREM are required.

How long is the residence permit valid, and how often must it be renewed?

The initial temporary residence authorisation is granted for 1 year. The renewal application must be submitted within two months before the expiry date.

Can you apply for the residence permit remotely?

Yes. Renewal requests can be submitted via the electronic platform of the Ministry of Territorial Policy and Democratic Memory. The initial application must be filed through Spanish consulates.

Are there minimum stay requirements in Spain?

There are no specific minimum stay requirements set by law; however, for renewal, actual residence in the country must be demonstrated.

Is health insurance mandatory?

Yes. You must have public or private health insurance issued by a company authorised to operate in Spain.

How much does it cost to obtain and renew the residence permit?

The fee is determined under form 790, code 052. For the initial temporary residence authorisation, the fee is EUR 10.72; for renewal, it is EUR 16.08 (amounts may change annually).

Get expert advice —
contact us today

You can schedule a consultation with a company specialist either in person at our office or online. During the consultation, you’ll receive a detailed case analysis, a service cost estimate, and personalized recommendations tailored to your goals.

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Aleksey Nosovsky Head of Legal Department

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