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Initial funds

Posted: Mon Jan 20, 2020 8:38pm
3 replies160 views4 members subscribed
Pablo1986

Posts: 7

Location: Torre-Pacheco

Joined: 18 Jan 2020

Evening all,

I saw a post earlier that mentioned requiring at least €8000 in a Spanish bank account before you can apply for residency? Is this correct? Obviously my partner and I want to relocate and start again, we have come through a difficult period and don’t have that sitting around in savings, obviously we agree it’s wise to have a certain amount of savings however in the current climate in the uk it is near impossible, I’m not looking to be rich (financially) I’m looking for a better life... any update on this would be appreciated 

thank you all

Spanglish

Posted: Tue Jan 21, 2020 8:05am

Spanglish

Helpful member

Posts: 145

83 helpful points

Location: Camposol

Joined: 11 Jun 2017

Posted: Tue Jan 21, 2020 8:05am

If you own a property here in Spain. They can use the equity you have as “savings” 

We own ours outright and this was used to prove if things were tight financially we could release money rather than expect Spanish to give us cash 💰 

Debbie shaw is your best bet to process your application. She was excellent. 

And knows all the rules/laws inside out. 

Pablo1986

Posted: Tue Jan 21, 2020 10:43am

Pablo1986

Original Poster

Posts: 7

Location: Torre-Pacheco

Joined: 18 Jan 2020

Posted: Tue Jan 21, 2020 10:43am

Brilliant, thank you very much

I will look further into this as I go along..

Appreciate your comment

Kind Regards

crissywissy

Posted: Tue Jan 21, 2020 11:27am

crissywissy

Super helpful member

Posts: 2450

1622 helpful points

Location: Mar Menor

Joined: 26 Sep 2015

Posted: Tue Jan 21, 2020 11:27am

All the informtion you need is here

https://www.citizensadvice.org.es/faq/minimum-resources-residency-applications/

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