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Spain Announces Amount Foreigners Need for Retirement Residence Permit

Spain has announced that foreigners applying for its non-lucrative residency visa must demonstrate annual funds of €33,600, set at 400% of the country's IPREM index. Retirees must be receiving a state pension or life annuity in a convertible currency, and applicants with active US loans or mortgages are barred. Additional financial requirements apply for dependents, and documentation must include bank statements and tax returns.

2 outlets · 2 articles Aug 18