Spain is a popular place to retire to. It is highly favoured due to good weather, affordability and an advanced healthcare system.
However, while Britain’s exit from the European Union has not prevented UK citizens from retiring to Spain fully, it has imposed a number of conditions that must be considered.
To move to Spain, you will first need a Non-Lucrative Residence Visa. To qualify for this, you must provide evidence that you have the financial means to support yourself. You will need to show bank statements and have either enough savings to live on or a regular income of at least €27,936.96 per year, according to requirements at the time of writing.
You are advised to obtain a Número de Identificación de Extranjero, or ID number, which is similar to a National Insurance number. This is required to buy property, rent accommodation and to pay taxes.
After moving to Spain, you will need to apply for a residence permit that lasts for a year, but can be renewed for a further two years if you still have enough money to live on and you have lived in Spain for at least 183 days a year.
Private health insurance is required to cover the cost of medical expenses after you move.
Retirees also have the option to obtain an investor or golden visa if they buy Spanish real estate worth half a million euros or more. This visa grants permanent residency status.
To move your belongings to Spain, why not get in touch with Merseyside Movers & Storers? We are a Liverpool removal company experienced in relocating people to Spain.
