Residency

Hi,

Private Health Insurance is expensive, followed by the actual cost of the visa application.

I'm going through the process now and I reckon it will cost me around £3,500 for myself and my wife.

Frank

Hi Frank thanks for the reply.

I’m still making my mind up if this is what I want, I know there is a cost involved in this dream. Residency is expensive and another worry is tax on all assets even the ones in the UK. I plan to rent my home out and rent for a few years but not happy about paying tax for that. Have you any advise on this also ?
TIA 

From what I understand, tax is more punitive in Spain than the U.K., and the penalties for tax evasion are severe….so I would take professional advice if you want to be sure. 

I believe that on a uk rental property you would pay tax in UK but as a Spanish resident you would not get any UK tax relief/allowances, so it probably wouldn’t be much different to having to pay the tax in Spain!

Bob 

Hola   you can try    Liberty  Seguros   insurance    in  Los Alcazares       they do all the paperwork 

then you need to drive to  Murcia  twice    (office just off A30)      I think € 150  to €2oo range  

Thanks!

Or do a bit of reading up then do it yourself for €12 each? It is a very easy process once you have your padron.

Hi I am more than happy to do whatever i need to do to help the process, its the legal side I dont want to mess up.

Im worried that as a resident i have to pay tax on "worldwide assets" so if i sell my home or even rent it out I dont want to have to pay tax twice?

Thanks for your reply

JB

Hi

We completed the NLV process in May, which is as follows:

You need to apply for an NLV at the appropriate embassy / consulate in the UK. Broadly speaking, London serves the south of England; Manchester from the Midlands to the North West and Edinburgh for the very north of England and all Scotland. The consulate websites, visas sections, provides the list of requirements, which I've copied below, with my additional comments in bold:

LIST OF REQUIRED DOCUMENTS FOR A NON LUCRATIVE RESIDENCY

1 Passport or travel document valid for at least 6 months beyond the intended arrival to Spain with at least two blank pages to affix the visa.

2 One completely filled and signed National Visa Application Form.

3 Ex-01 form and 079-052 fee form to be paid at the Consulate on the day of your appointment. The visa and appointment fee totalled approx. £1,050 for the two of us.

4 One recent passport colour photograph. (No more than six months old)

5 For non-British citizens: A UK residence permit valid for at least 3 months. It can be either in form of Visa stamped on the applicant’s passport or a Residency Card. If you are a 'normal UK subject / citizen, this doesn't apply.

6 Medical (Health ) Certificate signed and stamped by a registered doctor. This Certificate must literally state that the Applicant does not suffer of any illness which represents a risk or a danger for the public according to the International Health Regulations of 2005. The document must be translated by a Sworn Translator only, and with the Hague Apostille if the country is a member. Otherwise the document must be verified by the Spanish authorities in the country of issuance. Our doctor charged £25 per certificate, using a template provided by our Spanish solicitor.

7 Certificate of Good Conduct issued by the country or countries where the applicant has resided in the past five years. The document must be translated by a Sworn Translator only, and with the Hague Apostille if the country is a member. Otherwise the document must be verified by the Spanish authorities in the country of issuance. This is a Police Certificate which is obtained from the ACRO website, at a cost of, I think, £55 per person - turnaround time was about 10 days.

Note - docs 6 & 7 had to be notarised (our UK solicitor charged £25 to do all our documents). The Hague Apostille is an additional government service, which costs £30 per document and has a turnaround time of about 10 days.

8 Full health cover for applicant and, if applicable, family member. There are specific policies, which must not include 'co-payments' which are acceptable for the NLV. Many companies offer these. We used Sanitas (which is part of BUPA), as our bank had a linked offer. I have seen DKV recommended by other people on this forum. The policy needs to be paid up front for a year and be 'live' at the date of the NLV application. We are 50 & 48, with no pre-existing conditions and our policy cost around £1,200 for the two of us. I have seen people with pre-existing conditions getting quotes as high as £6,000 pa each. It's important to shop around as prices vary significantly.

9 Means of maintenance in Spain in form of 2200 € per month for the main applicant. Each additional family member will need € 550 per month. In general, €33,000 pa for a couple.

10 All documents must be translated into Spanish (and where it specifies a 'Sworn Translator', these are specific translation companies that charge a lot of money (however, our Spanish solicitor included this in her price).

Although I would say that I am quite confident and competent in completing forms, gathering evidence, etc.; as many forms needed to be completed in Spanish (and mine is very limited) we used a Spanish solicitor (Raquel at BeGlobal Attorneys) to assist in preparing all the paperwork, making the appointments, etc. but there is still quite a bit of work you need to do yourselves.

For the 'means of maintenance' we provided evidence of cash in bank, shares, premium bonds, rental income from a property we own and rent out in the UK, and my pension pot.

In total, the process took us about 12 weeks and cost around £2,300 (excluding the cost of the private health insurance) - of which the solicitor's fees were approx. £1,000. When you get the NLV, you then have to enter Spain within 3 months and then start the rest of the process (below) within 1 month of entering.

When we got to Spain, we then had to attend the Foreigners' Office at a specific Police Station to have fingerprints taken; and be added to the padron at the town hall. Approx. 5 weeks after this, we collected our TIE from the Police Station.

This NLV lasts for a year, then you have to renew for 2 years, then a further two years, then you can get permanent residency. Although I understand the renewal process is less onerous than the initial application!

Hope this helps - and happy to answer any questions you may have.