Spain’s Digital Nomad Visa and Residency is now more than a year old and has become the second most popular Spanish residency after the Non-Lucrative Visa.  This visa or residency permit allows the holder to live in Spain and work remotely or online.  It can be applied directly in Spain, or via the Spanish Consulate in the country in which you currently reside.

It’s now the beginning of the 4th year since the UK left the EU changing the requirement and costs for British nationals to get residency in Spain.  British nationals apply for a Spanish residency visa if they want to live in Spain, and by far the most popular is the Non-Lucrative Visa.

We initially published this article early in 2021 not long after Brexit, and now three years into the ‘new norm’ for Brits, we revisit the requirements and costs for British nationals to a Spanish Non-Lucrative Visa and highlight the most recent changes.

We cover the general requirements in our article Spanish Residency Requirements for British Citizens and UK Nationals.

Here we drill down further into what the Spanish residency requirements for British nationals and the costs in real terms.

British citizens / UK nationals now have to follow the same process as other non-EU national citizens of third countries to get Spanish residency, i.e. there is a requirement to first obtain a visa.

The financial means required for a British Citizen / UK national to obtain a residency visa, is a lot higher than it was when the UK was in the EU.  A single applicant needs to have around €30k per year in either income or savings, whereas a citizen of an EU country €6k is sufficient.

British nationals also have to obtain a police criminal report, get official supporting documents legalised, and medical certificates are also required for most visa applications.

The Non-Lucrative Visa offers residency to third country nationals who have the financial means to support themselves without working.  The Non-Lucrative Visa residency scheme is therefore ideal if you are retired or have passive income, for example from a portfolio of properties or other investments.  The Non-Lucrative Visa is for full-time residency in Spain.

What does the Non-Lucrative Visa Offer?

The Spanish Non-Lucrative Visa offers residency to British nationals who have the financial means to support themselves without working.  The Spanish Non-Lucrative Visa scheme is therefore ideal if you are retired, or have passive income, for example income from rental properties or other investments.  The Spanish Non-Lucrative Visa is intended for full-time residency in Spain, i.e. 6 months or more per year.

What does the Spanish Non-Lucrative Visa Offer UK British Nationals?

The UK is no longer in the EU and the process and costs to register a UK car in Spain are a lot more than they were before Brexit.

This is because UK cars now are now treated as vehicles from third countries and must clear customs, have import duty and VAT paid, or get a waiver if your car qualifies for customs exemption.

The process you follow will depend on your situation, as will the cost.  You’ll need to budget for costs of around €1,500 with taxes as applicable on top.

Now that BLS International have taken over processing of Non Lucrative Visa Applications, it is no longer possible to track your application through the Spanish Consulate portal.  BLS have their own tracking system, however at the moment its being worked on so is not available at the moment.  We’ll update this page when it comes back online.

You can however still check the progress of your residency application on the Spanish immigration website.

Spanish Residency Certificate for Citizens of EU countries

All EU and EEA (European Economic Area) citizens and their family members have the right to visit, live or work in Spain.  A Spanish residency certificate confirms your status as a resident in Spain. For stays of up to 3 months there is no need to register or obtain any Spanish documentation unless you are going to be working, or for example buying a property, in which case you’ll need an NIE.  After that period, or if you intend to stay more than 3 months, you are expected to register as a resident.

You are given a residency certificate, or ‘certificado de residencia‘, when you successfully register.  The issue of certificates is controlled by the National Police, (Cuerpo Nacional de Policia).

There are a few steps involved in the process to register a car from an EU country in Spain.  Fortunately because of European standardisation, or homologation as it’s known, in most cases, provided you know the steps, it’s relatively straight forward.

The following is a basic run through of the steps and process.

When buying holiday money or sending money abroad, many banks and brokers include hidden fees and or a mark-up in the exchange rate.  Not surprising, a recent study into international money transfers and payments found that 75% of consumers do not know about, or do not understand currency exchange rate mark-ups.

In recent years specialised currency exchange companies have broken the monopoly on the supply of currency exchange services.  Banks and high street exchanges are no longer the go to choice for changing currency.

These currency exchange companies deliver much more competitive exchange rates to consumers, more personalised service, and faster transfer times than banks offer. It’s no surprise than savvy overseas property buyers and expats choose these companies to get a better deal.

A high street bank may seem like the easy or convenient option, and may be your choice through habit, however using a specialist foreign currency exchange provider is just as easy and more importantly works out much cheaper!