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Spain Non-Lucrative Visa for property investors: income requirements, application process, timeline. Live in Spain without working.
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The Non-Lucrative Visa (Visado de Residencia No Lucrativa) is Spain's residency permit for people who can support themselves financially without working in Spain. It's the most common route for retirees, financially independent individuals, and passive income earners who want to live on the Costa del Sol.
| Requirement | Detail |
|---|---|
| Income | ~€28,800/year (400% IPREM 2026) for main applicant |
| Per dependent | +100% IPREM per additional family member |
| Source of income | Pensions, dividends, rental income, savings, investments |
| Health insurance | Private, full coverage in Spain, no co-payments |
| Clean criminal record | From your country of residence (last 5 years) |
| No serious illnesses | Medical certificate required |
| Spanish address | Proof of accommodation (rental contract or property ownership) |
If you buy a Costa del Sol property and rent it out, the rental income contributes to your income proof for the Non-Lucrative Visa. A Manilva apartment generating €11,400/year in long-let income covers approximately 40% of the single-applicant income requirement.
Combined with a pension, savings drawdown, or dividend income, property rental income can make the difference between qualifying and not qualifying.
| Period | Duration |
|---|---|
| Initial visa | 1 year |
| First renewal | 2 years |
| Second renewal | 2 years |
| Long-term residency | 5 years (after 5 years continuous) |
| Citizenship eligibility | After 10 years legal residency |
You can manage your international investments, including rental property, as passive income. You can't actively work as a property manager or agent in Spain.
Owning a Spanish property:
It's not required, but it makes the application significantly stronger.
BlancaReal can refer you to immigration lawyers who specialise in Non-Lucrative Visa applications. Book a property consultation to explore how investment property complements your residency plans.
Why local customers trust BlancaReal
Questions answered
Approximately €28,800 per year for the main applicant (400% IPREM 2026), plus 100% IPREM per dependent.
Yes. Rental income from Spanish or international property counts towards the income requirement.
No. You can't work for a Spanish employer or be self-employed in Spain. Managing passive investments is permitted.
1 to 3 months from submission to decision, plus 4 to 6 weeks for document preparation. Total: approximately 3 to 5 months.
No. You need proof of accommodation, which can be a rental contract. But property ownership strengthens the application.
Yes. Dependents (spouse, children under 18) can be included. You need to prove additional income per dependent.
Private health insurance with full coverage in Spain, no co-payments, and no exclusions for pre-existing conditions.
Yes, but you must spend the majority of each year in Spain. Extended absences may affect renewal.
After 10 years of continuous legal residency in Spain.
No. We refer clients to specialist immigration lawyers and focus on the property investment side.
Still have questions?
Book a consultation or message us on WhatsApp. We give practical guidance, not sales pitches.