Spain non-lucrative visa from Latin America: funds, insurance and renewal

Temporary non-lucrative residence authorises you and your family to reside in Spain without carrying out employment or professional activities ¹. Since 20 May 2025 it has been governed by articles 61 to 64 of the new Immigration Regulation, Royal Decree 1155/2024 ¹.

The Consulate General of Spain in Bogotá asks every adult for a sworn statement before a notary in which they undertake not to carry out any paid work, in person or remote, in Spain or in another country, while they hold this residence ⁴. The Large Companies Unit points out that working without authorisation is an infringement of Organic Law 4/2000 and that with this residence you cannot claim prior remote work to move to the teleworking permit ⁷.

If your income comes from remote work for companies outside Spain, the permit designed for that case is the digital nomad visa.

The regulation sets two minimum amounts, measured at the time you apply for the visa or the renewal ¹:

• For you: an amount that represents 400% of the IPREM each month.
• For each dependent family member: 100% of the IPREM more each month.

The total must cover the whole period of the permit, which on the first grant is one year ¹. The monthly IPREM is 600 euros: it was set by Law 31/2022 on the State Budget ² and SEPE still publishes that figure in 2026 ³.

People	Per month	For the first year
Just you	2,400 euros	28,800 euros
You and one family member	3,000 euros	36,000 euros
You and two family members	3,600 euros	43,200 euros
You and three family members	4,200 euros	50,400 euros

The consulate in Mexico City says the same: 2,400 euros a month as a minimum, plus 600 euros a month for each dependent family member ⁶.

You can prove your means with any evidence admitted in law: property titles, certified cheques or credit cards with a bank certification of the available credit ¹. If your accounts are outside Spain, the information must include the bank and its address, the identification of the accounts, the opening date, the balance on 31 December of the previous year and the average balance of the last year ¹.

Bogotá. Each adult applies in person at BLS International, Cra. 20b #77-05 Local 02, with an appointment ⁴. They ask for bank statements in Colombia for the last twelve months stamped by the bank, income tax returns for the last two years and, depending on your case, payslips, a pension or certificates from the Chamber of Commerce ⁴. The funds must be in Colombia; if you have funds abroad, you must submit the Declaration of Assets Abroad for the last two years, and resources from third parties are not accepted ⁴. Colombians are exempt from the visa fee; the residence authorisation fee (form 790 code 052) is $39,400 pesos from 1 October 2026 ⁴.

Lima. According to the page, the application starts with an email to cog.lima.vis@maec.es with the documents listed there ⁵. They ask for original bank statements for the last six months signed and stamped by the bank, a criminal record certificate no more than 3 months old and a medical certificate legalised at the Colegio de Médicos and apostilled by the Peruvian Ministry of Foreign Affairs ⁵.

Mexico City. In addition to the figure of 2,400 euros a month, the page asks for statements showing the balances on 31 December of the previous year ⁶.

At all three consulates, the time limit to issue the visa is one month from when they receive the favourable decision on the residence authorisation ^{4 5 6}. Bogotá warns that the whole process can take several months ⁴.

You need health insurance ¹. In Bogotá they ask for a policy with an insurer authorised in Spain that covers all the risks of the public health system, with 100% coverage of medical expenses, no waiting periods, no deductibles and no co-payment, for the first twelve months from the trip ⁴. They do not accept travel or bank insurance, or policies with automatic renewal ⁴.

Adults submit criminal record certificates from the countries where they lived in the last 5 years; in Colombia, issued for migration purposes and apostilled ⁴. They also ask for a medical certificate showing that you do not suffer from diseases with serious repercussions for public health under the International Health Regulations of 2005 ⁴.

All foreign documents must be apostilled or legalised and, if they are not in Spanish, translated ⁴.

The visa is valid for 365 days ⁴. In the month after you enter Spain you must apply in person for the Foreigner Identity Card (TIE) ¹.

The initial permit lasts one year. To renew it, you apply at the immigration office in the two months before expiry; if you file up to three months after expiry, it is processed, although you may receive a penalty ¹. To renew you must ¹:

• Still have means of 400% of the IPREM, plus 100% per family member, for the renewal period.
• Have kept the health insurance.
• Have children of compulsory school age enrolled in school.
• Have resided actually and effectively in Spain for more than 183 days during the calendar year.

The renewed permit lasts two years ¹. The office has three months to decide on the renewal and, if it does not reply, it is understood to be granted ¹.