How much money do I need to move to Spain?

If you’re considering relocating to Spain, one of the key requirements for obtaining residency is proving that you have sufficient income. This ensures the Spanish government that you won’t become a financial burden on the state.

How Much Money Do You Need?

For non-EU citizens—including Britons post-Brexit—the minimum required income is €2,400 per month or €28,800 per year. This is based on the IPREM (Indicador Público de Renta de Efectos Múltiples), which remains at €600 per month in 2025. If you’re bringing family members, you’ll need to add €600 per month for each dependent.

Types of Visa

• Non-Lucrative Visa: Ideal for those who do not intend to work in Spain. It requires proof of stable and sufficient income.
• Golden Visa: Requires a significant investment in Spain, such as purchasing property. In this case, demonstrating financial assets is sufficient.

Accepted Documentation

To prove your income, you may submit:

• Bank statements from the last 6 to 12 months.
• Tax returns.
• Payslips.
• Evidence of other income sources or investments.

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Why Choose Spain?

Spain remains one of the top destinations for those seeking a high quality of life, great weather, and safety. If you’re planning to settle here, securing a reliable home is essential. Taylor Wimpey Spain, with over 65 years of experience building homes across the country, offers modern and sustainable properties in prime locations such as the Costa del Sol, Mallorca, and the Costa Blanca. Their expertise ensures peace of mind and quality in your new home.