The updates to Spain’s NLV Financial Requirement Documents

Spain’s 2025 Updates to Non-Lucrative Visa Financial Documents

Spain has introduced new clarifications to the financial documentation needed for the Non-Lucrative Visa (NLV) in 2025. These changes were made under the new Immigration Law that came into effect on May 20th. The updates focus on what financial proof is required, how to show it, and how to prepare for the Spain Non-Lucrative Visa application.

The Non-Lucrative Residence Visa Spain is for non-EU citizens who want to live in the country without working. Applicants must prove they can support themselves through passive income, like pensions, rental income from abroad, interest from savings, or other non-employment sources. This visa does not allow you to work in Spain, nor does it allow you to work remotely for clients or companies outside Spain. So, the Spain Non-Lucrative Visa remote work option is not permitted.

New Financial Documentation Rules

The documentation you must submit has been updated. According to Spain’s Official State Bulletin (BOE), you now need to include several specific items with your application:

• Name and address of your bank or credit institution 
• Complete details of your bank account, including account number, account type (current or savings), and number of account holders 
• The date the account was opened or closed, or dates of authorization if relevant 
• Account balance as of December 31st of the year before you apply 
• Average balance over the past 12 months, shown through official bank statements 

These requirements are meant to show that you have had steady income over time, not just a large deposit right before applying. The government wants to be sure your funds are stable and truly yours, not borrowed or temporary, meeting the Spain Non-Lucrative Visa income requirements.

Financial Requirements Stay the Same for 2025

In 2025, the income threshold remains unchanged. Applicants must show they have at least 400% of the IPREM (Spain’s income index). For 2025, the IPREM is still €600 per month, so the requirement is €2,400 per month or €28,800 per year for a single applicant. If you are applying with dependents, the amount increases by €600 per month (or €7,200 per year) for each additional person, in line with NLV Spain financial requirements. Additionally, the cost of Non-Lucrative Visa Spain is €80 (the fee is liable to change for specific countries).

Currency, Translation, and Legalization

If your bank account is in a currency other than Euros, Spanish authorities may ask for a bank-issued statement that shows the Euro value. This is something you may need to request specifically from your bank. All documents must be original or certified copies, and many of them will need to be translated into Spanish and apostilled or legalized to be accepted, a key part of the Non-Lucrative Visa Spain requirements.

Important Work Restrictions

Unlike other Spain residency permits, the NLV continues to prohibit any kind of work, including remote jobs or freelance contracts. The income you show must come from passive sources only, such as pensions, investments, or rental income. This rule remains strict under the 2025 updates, meaning you cannot work remotely on a Non-Lucrative Visa Spain.

Final Tips for Applicants

Make sure to prepare all required documents in advance and keep everything organized. Incomplete or unclear paperwork may result in a visa denial. If you have questions about your financial situation or the legal steps, it is smart to consult with an immigration lawyer.

Spain’s updates in 2025 make the NLV process clearer but also more exact. While the income limits are the same, the paperwork is now more detailed. By carefully following the new rules and planning ahead, you will have a better chance of success with your visa application.

For those interested, the Spain Non-Lucrative Visa to permanent residency pathway is possible after several years of legal residence. That is, of course, you meet all renewal conditions, including continued proof of income and health insurance, as stated in the Non-Lucrative Visa Spain renewal requirements. And, of course, you can get your Non-Lucrative Residency Permit for Spain—initially available for 1 year—after arriving in the country.