I normally wait until the end of the year to do some kind of annual review for my clients in my law firm and Danish Citizens in my role as Consul for Denmark. However, 2020 has been like no other year. There has in effect been the double whammy of the transition period coming to an end the coronavirus crisis.
So where does this leave a UK national that wants to come and live in Spain? Well the first thing is if it is possible come now before the end of the transition period, we can do the NIE number for you and open the bank account by power of attorney whilst you are still in the UK. We can start the residencia process but you need to be living here to have your finger print taken and get residency. If you are living here and by that I mean renting or owning a property before 31/12/20 we have until June 2021.
However, for some people it isn’t possible to come to Spain until after the end of the transition period i.e post 31/12/21. So what are your options? Well you can apply for what is known as the golden visa, basically you purchase property for more than 500,000 euros and you get residency but you can’t work. If you have a job paying more than 26,500 euros a year but your employer will need to show that there is no unemployed EU citizen who can do the job, if you have dependents, family members you will need another 6,000 euros of earnings for each of them. If you don’t work you will still need to show that you earn 26,500 euros per annum from say investments or a pension and allow for an additional 6,000 euros per annum for dependents and have private health insurance. You can get the convenios especial, which is buying into the Spanish system but this is only after you have been resident for a year.
Of course if you are just buying a place for holidays and are happy to visit for 90 days in a 180 day period then you’ve nothing to worry about, you don’t need residency.
As always this isn’t legal advice, if you need advice on legal matters in Spain like NIE numbers, Residency, Property Purchases and so on send me an email at email@example.com or visit the website www.justlawsolicitors.com.
We also have a specialist tax advisor who can let you know your tax liabilities if you choose to spend more than 183 days per year in Spain.
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Marisa Moreno Castillo
Senior Lawyer and Consul for Denmark ??