Larraín Nesbitt Lawyers is a Marbella-based independent law firm specialized in property conveyancing, taxation, litigation, probate and succession. Expert native English-speaking lawyers and economists blend legal and practical advice providing tailored assistance on your matter. Our range of services cover the greater Marbella area, Sotogrande and Costa del Sol.


The firm focuses advising foreign investors on acquiring residential property in Spain both from a legal and fiscal point of view. Our no-nonsense approach to business coupled with our commitment to clients ensures easy-going transactions. We pride ourselves in putting our clients’ interests at the forefront of everything we do.


Larraín Nesbitt Lawyers, your legal partner in Spain.

Last Article:

Non-Lucrative Visa Explained

Raymundo Larraín Nesbitt, April, 29. 2021

Solicitor Raymond Nesbitt explains to us one of four legal ways to bypass the pesky 90/180-day rule that now affects all UK nationals post-Brexit.

Marbella-based Larraín Nesbitt Abogados (LNA) has over 18 years’ taxation & conveyancing experience at your service. We offer a wide range of 50 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain.

You can review here our client’s testimonials.

Article copyrighted © 2021. Plagiarism will be criminally prosecuted.

 

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
8th of May 2021

As its own name implies, this visa allows the applicant to live, but not to work, in Spain. The applicant will be expected to be self-supporting and will be required to prove he or she has enough savings for at least two years. This visa is ideal for retirees who wish to spend extended periods of time in Spain – without working – enjoying the finer things in life. But other applicants, who are not of pensioner age, are also welcome to apply i.e. students. This visa is also a good option for those who want to test the waters and are considering living in Spain long term.

The non-lucrative residency permit allows you to stay in Spain for a period of 1 or 2 years (as it is a temporary residency authorization), plus renewals. Initially, for one year and then on two renewals of two years each. At the time of applying for a third one, you may apply for long-term residency in Spain. In case you apply for long-term residency, you should renew it every 5 years.

As it has a non-profit nature, I stress again it does not allow you to engage in any professional activity or employment. You are required to be self-supporting, relying on your own means to live. If you are able to prove that you have enough funds to this end, and that your stay in the country won’t induce government aid, you will qualify for this visa.

Attaining Spanish residency indirectly implies you will eventually become a Spanish tax resident. Please note this visa service is only open to non-EU residents. Once you attain it, you also have the advantage of moving unfettered through the Schengen Area (access to 26 countries), besides Spain.

Requirements

  • Not be already in Spain illegally.
  • Clean criminal record.
  • Not be banned from entering Spain.
  • Self-supporting. At least €27,000 annually for the main applicant.
  • In addition, for each dependent family member €7,000.
  • You must have your own health or medical insurance, with full coverage in Spain.
  • You must not suffer from any of the diseases that can have serious public health repercussions.

 

Frequently asked questions

 

  1. Will my family be included in this visa?

Yes, as dependents.

  1. How long does this work visa last?

One or two years, then on renewals. After you have completed five years you may apply for a permanent residency card.

  1. How much money do I need to invest?

Nil, this visa does not have attached any investment requirements in Spain unlike other visas.

  1. Do I need to hire private health insurance?

Yes, this is a core requirement.

  1. Do I need a medical certificate?

Yes. You will need to provide a certificate from your GP with a specific wording we will provide you with, don’t worry.

  1. Do I need to live in Spain all year round?

No, not at all. This visa allows you to stay in Spain all year round, yes, on bypassing the pesky 90/180-day rule. But you are not ‘forced’ to remain in the country for any period of time, it’s up to you really. The bottom line is that you are free to come and go as you please from Spain.

  1. How much savings do I need?

At least 27k/year. The ability to categorically prove you are self-supporting is a core requirement.

  1. Can I study in Spain with this visa?

Yes, you may. Because studying is classified as a non-lucrative activity. However, we have specific study visas. You may also apply for internships in companies.

  1. Do I need to prove my source of income?

Yes. You will be asked to supply copies of your home countries bank statements over the last 12 months to verify your source of income. In a way, Immigration Authorities are monitoring where exactly you derive your income over an extended period of time. Their goal is to verify you are indeed self-supporting and will not claim benefits when in Spain to make ends meet.

  1. How long does a non-lucrative visa take to arrange?

On average, 3 to 4 months through us.

 

LNA offers the following visa service for non-EU nationals: Non-lucrative visa

 

LNA has a 100% track record attaining Spanish residency

Larraín Nesbitt Lawyers, small on fees, big on service.

At Larrain Nesbitt Abogados, we have assisted hundreds of EU and non-EU nationals to successfully attain a Spanish residency permit.

Interested? Come and speak to Larraín Nesbitt Abogados’ friendly staff who will be pleased to guide you through the different residency options, choosing the one that appeals to you most. Your family’s success is only one call away: (+34) 952 19 22 88.

Residency services available from LNA

 

Related visa articles

 

Article also published at Spanish Property Insight: The Spanish Non-Lucrative Visa Explained

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.

2.021 © Raymundo Larraín Nesbitt. All Rights Reserved.

...

Read more

Last Blog Entry:

Stunning €32mn villa sold in Marbella

Raymundo Larraín Nesbitt, May, 11. 2021

Marbella-based Larraín Nesbitt Abogados (LNA) has over 18 years' taxation & conveyancing experience at your service. We offer a wide range of 50 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record of successfully assisting expats all over Spain.

You can review here our client’s testimonials.

Article copyrighted © 2021. Plagiarism will be criminally prosecuted.

Photo credit: Diario Sur.


By Raymundo Larraín Nesbitt
Lawyer - abogado
11th of May 2021

Last month, we reported drastic tax changes in Andalusia that reduced significantly both Property Transfer Tax and Stamp Duty. This is a new tax milestone, which coupled with the significant tax changes of April 2019 in both inheritance tax and gift tax, are effectively turning the region of Andalusia into the most tax-friendly region in all of Spain.

As I relentlessly care to point out every time I get the occasion, low taxation fosters foreign investments on a large scale. Which in turn creates wealth and jobs in its wake benefiting society at large. This is not idle banter or philosophic musings. Lowering taxes has an immediate and significant impact on the real estate market which we notice because we are at the frontline of it.

Andalusia’s right-wing coalition government have publicly announced they will be lowering furthermore a slew of six taxes, including wealth tax. Within the span of only three years, since the new right-wing government took office, they have turned the tables. Taxation was traditionally Andalusia’s Achille’s heel and is now fast becoming its most important selling point, never mind the sun or beach!

In fact, so much so, that we keep witnessing how client after client after client pay nothing in IHT, even on inheriting large estates since 2019. As pointed out in previous taxation articles, lowering taxes will no doubt act as beacon strongly attracting affluent individuals the world over who relentlessly seek to preserve and increase their family’s wealth.

As a result of this fiscal policy instigated by our regional right-wing government, we are witnessing in 2021 how Marbella’s (ultra) high-end market is performing spectacularly well with multiple mansions selling in the exclusive gated resorts of Sierra Blanca for over €20mn and several others at La Zagaleta for over €30mn. Last week we saw yet another €32mn mansion sold after five years on the market. Diario Sur reports: The most expensive mansion in Europe sold in Marbella. In March we reported on another one of €40mn being sold.

But don’t get me wrong, these tax changes also - and foremost - benefit low and middle-class income bracket families who will now not see their wealth and life savings being confiscated by voracious hard-left wing governments that only contribute to spread misery. Only in 2019, just before the new tax changes in IHT were enacted by the new government, over 10,000 Andalusian families were forced to renounce to their inheritance every year because they were unable to afford paying the steep IHT (source). In no other region of Spain (other than Catalonia, also under the control of a hard-left wing coalition) did so many families need to give up their parent's inheritance because they were unable to pay the extortionate tax rates set by greedy politicians. Mercifully, they were ousted by popular vote, and after the new administration stepped in office, it instigated the ambitious key tax changes of 2019 and now in 2021. As a result, you now don’t see anyone (rich or poor) in Andalusia being forced to renounce to their family’s life savings to finance politicians’ delusional dreams.

And to close, to boot Andalusia has never made more tax revenue than when it bravely lowered its taxes back in 2019 (source) because - again - low taxation (greatly) attracts investments & commercial activity, kickstarting the economy (Laffer curve). Is it so very hard to understand?

Make no mistake, tax hikes only benefit politicians and their ideological cronies, no one else.

 

The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.” – Winston Churchill

Sir Winston Leonard Spencer-Churchill (1874 – 1965). Born into a privileged aristocratic family,  he was an eminent British career officer, artist, historian, delicious eccentric, and laureate writer – awarded the Nobel Prize in Literature in 1953 “for his mastery of historical and biographical description as well as for brilliant oratory in defending exalted human values.” With dogged single-minded determination, he defied alone and managed to stave off, the tyrannical Nazi wave in WWII, unwaveringly assisted by our American cousins, which threatened to swallow whole the United Kingdom as it had already overrun most of Europe. He resolutely led the country out of its darkest hour, restored Europe’s freedom, and laid the groundwork for peace and prosperity which all future generations have come to enjoy since and taken for granted, or so it would seem. As a keen-eyed historian, in line with fellow Founding Fathers Schuman and Monnet, he was quick to grasp and understand the importance of a united Europe to avoid repeat past mistakes which had resulted in two world wars that ravaged the continent. Consequently, he became a staunch defender of the idea of creating a single supranational political and economic entity which reconciled old foes and would act as a guarantor of peace & prosperity in the continent (in his own words, a “United States of Europe”); in time, this European fellowship would be known to us as the European Union. Churchill was instrumental, and the key driving force, behind the creation of the Council of Europe, a forerunner of what is now the European Union. He is credited as one of eleven Founding Fathers of the Union. Churchill incarnated like no other the best of British values. A child of the House of Commons, he was a proud servant of the State, never its master. A true statesman that would always put ahead of any consideration the best interests of our people, by tearing down divisive walls and fostering at every opportunity union.

Simply put, he’s likely the finest British politician statesman ever to grace 10 Downing Street.

 

At LNA we can assist you buying, selling or renting out your property in Spain. We have 18 years’ experience in conveyance & tax. We are also specialized in Immigration & Residency permits.

Larraín Nesbitt Abogados, small on fees, big on service.

Larraín Nesbitt Lawyers is a law firm specialized in taxation, inheritance, conveyancing, residency, and litigation. We will be very pleased to discuss your matter with you. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88, or by completing our contact form to book an appointment.

Related services:

 

Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.

2021 © Raymundo Larraín Nesbitt. All Rights Reserved.

...

Read more

Last Press Entry:

8 reasons to buy property on the Costa del Sol (Malaga)

IDEALISTA, April, 21. 2021

Idealista is Spain's leading online property portal, ranking number one. It was recently sold for over 1.3bn euros to EQT group.

It was founded in 2000 by three partners, brothers Mr. Jesús and Fernando Encinar, and by Mr. César Oteiza. It offers millions of properties for rental and sale in Portugal, Italy and Spain.

Following Nielsen audited ratings, it has over 144 million pages visited every month, 5 million unique users, 300 employees, and an annual turnover of over €40mn.

Idealista kindly published our article in exclusivity on their website in five languages, no less!: 8 reasons to buy property on the Costa del Sol (Malaga)

English    French     German    Italian 

Polish     Portuguese   Romanian   Russian

...

Read more