December 2, 2024

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The Best Options for Moving to Spain from Abroad

4 min read
The Best Options for Moving to Spain from Abroad -  Canarian Weekly

For obvious reasons, Spain and the Canary Islands have been widely favoured destinations for individuals relocating internationally, particularly from the UK and the USA. The pleasant climate and easy-going way of life, synonymous with Spain’s reputation, have proven highly appealing to those from Britain seeking to establish a new residence overseas.

Whether your intention is retirement abroad or a professional relocation to Spain, there are crucial considerations to keep in mind before making the move.

Given the UK’s exit from the European Union, British nationals planning to move to Spain from the UK for extended stay or permanent relocation, exceeding three months, must undergo the application process for a national visa.

Individuals from the UK, USA, Canada, and Australia will also need to secure a residence and work permit to legally reside and work within Spain.

Top 3 Spanish Visas for People Moving to Spain from the UK, USA

Every visa and residency choice comes with its set of privileges and limitations. Below are some well-known Spanish visa and residency alternatives for individuals relocating to Spain from the United States, and the United Kingdom.

Refer to our comprehensive guide for a full rundown of Spanish visa types, encompassing work permits.

1) Non-Lucrative / Retirement Visa and Residency

This passive income visa, sometimes referred to as the Spanish retirement visa, is highly sought after by individuals emigrating to Spain from the USA.

· Ideal candidates: Retirees and those who won’t be employed while residing in Spain.

· Requirements: As of 2024, a minimum of €28,800 yearly passive income from avenues such as pensions, annuities, or investments.

· Limitations: Prohibited from working for Spanish or remote US companies.

· Route to Permanent Residency, Citizenship, and non lucrative visa Spain renewal online: Affirmative.

2) Golden / Investment Visa and Residency

Considering purchasing property in Spain? The Spain Golden visa might be just what you need.

· Ideal for: Expats with a minimum investment of €500,000 in Spain.

· Requirement: Purchase an eligible property or make a qualifying investment in Spain.

· Stipulation: The investment must be upheld for a minimum of five years.

· Route to Permanent Residency and Citizenship: Affirmative

3) Digital Nomad / Remote Work Visa and Residency

In 2023, there was a notable shift with the introduction of the latest visa option for digital nomads in Spain, which has gained traction among individuals from the United States.

· Target audience: Americans engaged in remote work for US-based employers, freelancers, and those leading a nomadic lifestyle seeking to reside in Spain.

· Requirement: A consistent yearly income originating from non-Spanish channels, amounting to €32,240.

· Limitations: A minor fraction of your yearly earnings can be generated from Spanish clientele.

· Possibility of obtaining permanent residency and citizenship: Affirmative.

Two Best Tips for Visa and Residency Applicants

Navigating Spanish visa intricacies for citizens from the US, Canada, UK, and Australia can pose challenges, given the array of visa options and residency categories, each with its own advantages and drawbacks. It’s crucial to grasp your needs and select the appropriate route before diving into further arrangements. Another suggestion is to engage a proficient immigration law firm in Spain to guide you along the journey.

Preparing For Your Move to Spain

Relocating to another nation can evoke both anticipation and apprehension. Prior to your relocation to Spain, thorough research and preparation are vital. Here are essential measures to follow.

Researching regions and cities

Spain offers a rich tapestry of locales, each boasting distinct climatic conditions, living expenses, employment opportunities, and cultural nuances. Invest time in exploring varied regions and cities to pinpoint the ideal place for your contentment in both living and working spheres.

For instance, if you desire a balmy climate and a relaxed way of life, the southern region of Andalusia could be a suitable choice. Alternatively, if a vibrant urban setting with a flourishing job market is your preference, Barcelona or Madrid may align better with your aspirations.

The Canary Islands present another attractive possibility. Celebrated for their constant warm weather, breathtaking beaches, diverse terrains, and unique plant and animal life, they stand out as an excellent choice.

Learning some Spanish

While feasible to manage in Spain without Spanish, fluency greatly aids transition. Prioritize Spanish classes pre-move or upon arrival to enhance language proficiency. Mastery facilitates daily activities, fosters local connections, and enriches cultural immersion.

Planning your income

Securing employment in Spain is tough; English teaching may offer a path. Alternatively, relocating with US-based remote work or freelance clients grants residency via the digital nomad visa. Retirees or financially stable individuals can opt for a non-lucrative visa.

Arranging your finances

Moving to Spain entails financial planning to manage expenses effectively. Budgeting for necessities like shipping, housing, and visa fees is crucial. Consider setting up a euro bank account to circumvent international transaction charges, with options like Revolut and Wise accessible from the US. Have savings for unforeseen expenses. Tax implications for full-time residents require expert advice from a cross-border tax advisor. Preparing adequately ensures a seamless transition and enhances the overall experience of relocating to Spain.

Becoming a Spanish Citizen

Obtaining Spanish citizenship goes beyond permanent residency. It grants you a Spanish passport, voting rights in national elections, and eligibility for office. Unlike residency, citizenship doesn’t expire, allowing indefinite stays outside Spain without status loss. Crucially, it confers EU citizenship, facilitating free movement within the Eurozone and European economic area for living, working, studying, and retiring without visas.

However, the process is arduous: secure permanent residency, maintain it for 5 years, and then wait for another 5 before citizenship eligibility. Remember, Spain doesn’t allow dual citizenship with the US, necessitating renunciation of American nationality—a weighty decision demanding careful consideration.

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This article has been archived by Slow Travel News for your research. The original version from Canarian Weekly can be found here.

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