05/07/2023
🤖✍️ Expatriator Q&A Series: Financial Requirements for Spanish Visas
👋 Welcome back to the Expatriator Q&A Series, demystifying Spanish immigration law! Today's question, in Slovak:
"Dakujem pekne za info. Co je IPREM?"
(Thank you very much for the info. What is IPREM?)
🔎 Great question, and one that's key to understanding Spanish visa requirements! Let's dive in:
🌐 IPREM stands for Public Multiple Effects Income Indicator, a benchmark used in Spain to calculate various social and legal benefits.
🔗 A great resource for both IPREM and the Spanish minimum interprofessional salary (SMI) is the SEPE website: https://www.sepe.es/HomeSepe/en/Personas/distributiva-prestaciones/Cuantias-anuales.html
💰 Various visas have different financial requirements, calculated either based on the IPREM or the SMI. Here's a breakdown:
💼 Startup Visa: The main applicant needs to demonstrate income of 100% of the IPREM. For each additional family member, the requirements are 50% of the IPREM.
🏢 Investor Visa: Applicants must make a significant capital investment in Spain.
👩💼 Highly Qualified Professionals Visa: Applicants must have a job offer in Spain that meets certain salary thresholds.
🎓 Student Visa: Applicants must demonstrate they have sufficient funds to support themselves during their studies.
💼 Non-Lucrative Visa: The main applicant needs to demonstrate income of 400% of the IPREM. For each additional family member, the requirements are 100% of the IPREM.
💻 Digital Nomad Visa: The main applicant needs to demonstrate income of 200% of the SMI. For each additional family member, the requirements are 75% of the SMI for the first person and 25% of the SMI for each additional person.
For the detailed calculations for each visa, check out the comments section.
Stay tuned for more answers in our Expatriator Q&A series! 🚀