Non-Lucrative Residence Visa
This type of visa allows for stays in Spain that exceed 90 days, but does not authorize engaging in professional or economic activities. To apply for this visa, you need to demonstrate the availability of sufficient financial resources to cover your stay in Spain. This should be backed by evidence of financial solvency, such as certified bank statements from the corresponding bank. Although this visa doesn’t permit working in Spain, it does allow for remote work for a foreign company from Spanish territory. However, if the goal is telecommuting, there might be another more interesting alternative.
The Spanish embassy in the Canadian jurisdiction where the applicant resides will be responsible for granting this visa, which has a validity of 90 days, during which the beneficiary must enter Spain. Once in Spanish territory, you will have one month to apply for the Foreigner Identity Card at the corresponding Immigration Office or Police Station.
The initial residence authorization is granted for a period of one year, starting from the date of entry into Spain. Subsequently, it can be renewed for an additional two years as long as the necessary requirements continue to be met.
Digital Nomad Visa
This is a visa that has recently come into effect and is granted to highly qualified professionals who will carry out their work remotely for companies located outside of Spain, exclusively using computer, telematic, or telecommunication means. Another requirement for this type of visa is that the Canadian citizen must demonstrate having a work contract with a foreign company that is at least 3 months old and that the company allows remote work.
With this visa, Spain aims to attract talent and make taxation and bureaucracy more attractive for this type of remote worker.
The visa is valid for a maximum of 1 year, and it also serves as proof of residence in Spain, so there’s no need to obtain a Foreigner Identity Card. However, you can request one if you wish to do so.
Discover the enticing path to your residency in Spain through strategic investment. This visa is designed for visionaries who wish to make a significant investment in the vibrant Spanish market. You have various investment options:
Invest at least 2 million euros in Spanish public debt securities or a minimum of 1 million euros in shares or social participation.
Dive into the exciting real estate world with a property acquisition worth a minimum of 500,000 euros, completely free of encumbrances. If you’re part of a marriage under a community property regime, an attractive option would be for one to obtain the investor visa and the other as a family member of the investor.
Alternatively, launch an innovative business project in Spain that generates significant socio-economic impact, creates jobs, or contributes significantly to scientific or technological innovation.
Is your investment channelled through an entity? Not a problem. It’s permissible to make the investment through a legal entity, as long as it meets certain criteria, such as not being based in a tax haven, and you, as the investor, have control over the majority of its decisions.
But that’s not all. With this visa, you not only establish yourself in Spain but also enjoy the freedom to move within the Schengen area, encompassing 26 European countries, without requiring any additional visas.
You can initiate your application from the Consulate in your home country and obtain a 1-year visa, after which you can apply for a residence authorization in Spain for two years, which is renewable. Alternatively, if you want to save time and costs, you can start the process directly in Spain upon arrival, thereby obtaining the initial residence authorization for 2 years, also renewable.
Furthermore, it’s not necessary to apply for a Foreigner Identity Card, although if you prefer to have one, you can request it at the Immigration Office or the local Police Station.
Imagine diving even deeper into Spanish life. After five years of legal and continuous residence in Spain, Canadian citizens have the exciting opportunity to apply for permanent residence. This special status allows you to stay in Spain for another five years, granting you the freedom to live and work, either independently or as an employee, enjoying the same privileges as any resident of the country.