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:

Pensioner’s Visa explained

Raymundo Larraín Nesbitt, December, 1. 2024

Raymundo Larrain reviews Spain Retirement Visa (officially known as a Non-Lucrative Visa, or NLV for short).

Marbella-based Larraín Nesbitt Abogados (LNA) has over 21 years of experience at your service. We offer a wide range of 60 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 © 2024. Plagiarism will be criminally prosecuted

 

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Abogados
8th of December 2024

Introduction

It is not without reason this visa is popularly dubbed the Pensioner’s Visa. The fact is that in my experience young applicants are routinely turned down. To apply successfully, you should be of retirement age.

This visa was devised and aimed at a specific demographic collective which are retirees.

Young applicants, of working age, should abstain from applying.

What is a Pensioner’s Visa?

It is a residence permit granted to all senior non-European nationals who wish to live in Spain.

This visa allows applicants to live in Spain, but not to work.

Key benefits of a Pensioner’s Visa

  • Immediate residency. Allows you to live in Spain overriding the 90/180-day limitation.
  • Freedom of movement in the European Union. Allows visa-free travel throughout the Schengen Area (29 countries).
  • Clear rules. Initially granted for 1 year, then renewable every 2 years.
  • Ultra-low fees. Cheapest visa available. Conversely, it’s also the one that takes the longest to process.

 

Requirements to attain a Pensioner’s Visa in Spain

  1. Cannot be working at the time of making the visa application
  2. Be of pensioner age
  3. Be financially self-supporting. You cannot be working, you need to live of savings and pension pot
  4. Secure private healthcare in Spain. You can then switch over to an S1. 
  5. Relocate to Spain

Pensioner’s Visa application procedure

  1. Collate all the required documents
  2. Visa application is submitted to Spanish Immigration Authorities
  3. Visa granted in several months (2 to 3 months)
  4. Attain a biometric residency card in Spain

Frequently asked questions

 

  1. Does this visa allow me the right to work in Spain? I want to set up a bed and breakfast in Spain.

No, it does not grant the right to work in Spain.

Moreover, you cannot be working at the time of applying for this visa. This is closely monitored by Spanish Immigration Authorities, both on the initial application and also on the visa renewal. A B&B is ruled out.

If you get caught working (in Spain or abroad), you will be stripped of this visa and deported.

You are expected to live only on savings and pension.

That is why young people are rejected, because they are of working age.

        2. Do I need to relocate to Spain permanently?

Yes, that’s the whole point. You are meant to start a new life living in Spain all year round.

This is closely monitored on visa renewal.

If you are unable to prove you have been living long-term in Spain your visa renewal will be turned down.

           3. Can I live anywhere in Spain?

Yes, anywhere. Take your pick: Barcelona, Costa del Sol, Granada, Madrid, Malaga, Mallorca, Seville, and Sotogrande.

Conclusion

Pensioner Visas are only suitable for applicants who are committed to relocate and live in Spain long term. The idea is to retire to Spain and live your twilight years enjoying life at its best.

However, if you plan to continue living abroad (i.e. in the UK), and you are only applying to circumvent the 90/180-day rule, this visa is not for you.

Our multidisciplinary team at Larrain Nesbitt Abogados (LNA) has attained hundreds of visas over the last decade for our non-EU clients.

LNA has a 100% track record of attaining Spanish residency

 

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

At Larrain Nesbitt Abogados (LNA) we have over 21 years of experience specializing in immigration & residency visas. We also assist clients in buying, selling, or renting properties in Spain. You can contact us by e-mail at info@larrainnesbitt.com, by telephone at our UK line (+44) 0754 3838 218 or Spanish line (+34) 952 19 22 88, or by completing our contact form.

Residency services available from LNA:

 

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 will result in criminal prosecution. Ní neart go cur le chéile. VOV.

Larraín Nesbitt Abogados, small on fees, BIG on service.
2024 © Raymundo Larraín Nesbitt. All Rights Reserved

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Last Blog Entry:

Non-Resident Imputed Income Tax end-of-year reminder (NRIIT) 2023

Raymundo Larraín Nesbitt, December, 1. 2024

The clock is ticking. If you are a non-resident, and you own property in Spain, this is your last chance to file your Non-Resident Imputed Income Tax for year 2023. Even if you do not rent it out, you need to file this end-of-year tax. We file taxes online all over Spain.

Marbella-based Larrain Nesbitt Abogados has over 21 year’s taxation & conveyancing experience at your service. 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.

Blog post copyrighted © 2023. Plagiarism will be criminally prosecuted.

By Raymundo Larraín Nesbitt
Lawyer – Abogado
1st of December 2024

 

The end of 2024 fast approaches.

One of our last blog posts for this year, is a gentle tax reminder.

All non-residents, who own property in Spain, need to file by the end of this year a tax called Non-Resident Imputed Income Tax (NRIIT, for short), even if you do not rent out your Spanish property. You are taxed on the previous year (2023).

We offer the following taxation service for a flat fee of 100 plus VAT/year.

We file your tax online within 24 hours.

Our last day to file this tax in 2024 is Wednesday the 18th of December.

 

We offer the most competitive fees in the market.

Non-Resident Imputed Income Tax (Fiscal Representation Service) 100/year

We are specialized in taxation

 

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

Larraín Nesbitt Lawyers is a law firm specialized in taxation, conveyance, immigration & residency, inheritance, 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 our UK line: (+44) 07543 838 218, or our Spanish line: (+34) 952 19 22 88, or by completing our contact form.

Legal & tax services available from Larraín Nesbitt Abogados (LNA):

 

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.

2.024 © Raymundo Larraín Nesbitt. All Rights Reserved.

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Last Press Entry:

Ten tips when money is tight in Spain

IDEALISTA, November, 21. 2024

Idealista is Spain's leading online property portal, ranking number one. It was recently sold for over 1.3bn 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!: Ten tips when money is tight in Spain

English    French     German    Italian 

Polish     Portuguese   Romanian   Russian

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