Well done Chris for letting us all know about this year’s IPREM requirements. Following both you and Skatz I’m now feeling more confident about our future plans.
Great stuff Chris. Since you mentioned both savings and passive income figures individually, it may be worth mentioning that the amount to be shown to qualify can be made up of a combination of savings and passive income. So as I understand it from your advice, if you are a couple and have 20000 euros coming in per year in pension, then you would only need 16000 in savings to add to meet the financial target of 36000 euros. But as you say, it is always better to show a bit more than the minimum. 👍 Looking forward to the renewal video where I think this could be even more important to reduce the savings burden over the 2 years of the renewed visa.
Hi Chris, looking forward to any information you have for applying for the nlv extension. If you have any resources to share that would be super appreciated!
Thank you Chris for great information, I am a female 73 years old and Australian citizen if I buy an apartment in Spain to live so I don’t have to pay rent do I have to show 28800 per year or is going to be less ? I appreciate your answer . Thank you and god bless you 🙏
Slightly more dependent on the individual areas but normally it's 100% for the first applicant and 50% per family member, will look into doing a video about that as well thanks for asking
Hi Im a pensioner hoping to move to Spain in the near future, renting first and will have to have the €28.800. (IPREM). If I buy a property do I still have to have the €28.800 or is it less because I've bought a property and won't have to pay rent.
It's best if possible to keep the cash amount as well because the consulate does not give us a specific value they assign to property ownership, drop us an email to support@upsticks.es and we can book in a call to chat if that would help
If my passive income only 8200euro per year . & Saving 25000 euro Can i apply non lucrative visa.. How about renewal how much i need savings for 2 years
That would be sufficient for the first year but fall short for the renewal. We are currently planning two more videos one which explains how to use passive income and savings joint and a updated renewal video both should be released some time in March
Well done Chris for letting us all know about this year’s IPREM requirements. Following both you and Skatz I’m now feeling more confident about our future plans.
Great stuff Chris. Since you mentioned both savings and passive income figures individually, it may be worth mentioning that the amount to be shown to qualify can be made up of a combination of savings and passive income.
So as I understand it from your advice, if you are a couple and have 20000 euros coming in per year in pension, then you would only need 16000 in savings to add to meet the financial target of 36000 euros. But as you say, it is always better to show a bit more than the minimum. 👍
Looking forward to the renewal video where I think this could be even more important to reduce the savings burden over the 2 years of the renewed visa.
Agreed a video is needed to explain the passive Vs savings combi
Was trying to keep this one simple as possible after seeing last year's again 😀
@@Upsticks Not a criticism Chris, just adding a bit to your great content in case people are viewing to this in isolation. 👍
@@kevtheargonut 😍
Cheers for this information Chris hope you are well
Hi Chris, looking forward to any information you have for applying for the nlv extension. If you have any resources to share that would be super appreciated!
ua-cam.com/video/bNZ8i8J2Zn0/v-deo.htmlsi=XSv9bCN1XrPFwPNu 😃 if you need assistance drop us an email to support@upsticks.es
Thanks Chris.
Thanks Chris!
Thank you enjoy your videos
Thank you Chris for great information, I am a female 73 years old and Australian citizen if I buy an apartment in Spain to live so I don’t have to pay rent do I have to show 28800 per year or is going to be less ? I appreciate your answer . Thank you and god bless you 🙏
Thanks for your questions we will answer it on this week's weekly update 😊
Brilliant video Chris. Could you cover IPREM for someone coming to Spain on an Irish passport from UK with UK spouse. ❤
Slightly more dependent on the individual areas but normally it's 100% for the first applicant and 50% per family member, will look into doing a video about that as well thanks for asking
Would be great as I thought it was 100% for Irish citizen and 150% for uk citizen
If I have the savings in a UK bank, obviously in £ sterling, what rate is used to convert this to € euro?
The consulate does not advise the exchange system they use to calculate this, we always advise where possible to have the equivalent in sterling.
Hi Im a pensioner hoping to move to Spain in the near future, renting first and will have to have the €28.800. (IPREM). If I buy a property do I still have to have the €28.800 or is it less because I've bought a property and won't have to pay rent.
It's best if possible to keep the cash amount as well because the consulate does not give us a specific value they assign to property ownership, drop us an email to support@upsticks.es and we can book in a call to chat if that would help
If my passive income only 8200euro per year .
& Saving 25000 euro
Can i apply non lucrative visa..
How about renewal how much i need savings for 2 years
That would be sufficient for the first year but fall short for the renewal. We are currently planning two more videos one which explains how to use passive income and savings joint and a updated renewal video both should be released some time in March
Is cryptocurrency acceptable as savings
We have never submitted an application with crypto currency but its our understanding that it is extremely difficult to get it accepted
@Upsticks what about if its cashed out to my bank account and tax is paid onit isn't that good enough
Thats should be fine but you maybe asked to prove the origin of the funds in the bank
Another great update Chris
Gracias Shaun 😀