As the term "Non-Lucrative" suggests, holders of this kind of visa are not allowed to work for Spanish companies or employers in Spain. However, it doesn't address the topic of working from home while in possession of a non-lucrative visa. For many years, those who work remotely and want to live a nomadic lifestyle have used the Nlv spain to go to Spain. Nonetheless, there have been several reports in the last few years that having their Non-Lucrative visa applications turned down. This is because they plan to work from Spain in a remote capacity.
What Benefits Are Provided by the Spain Non-Lucrative Visa?
The Non-Lucrative Visa was created for non-EU nationals who can afford to stay in Spain unemployed. You can travel with your entire family on this type of visa if you meet the minimal financial requirements. This is a very important advantage.
With the Non-Lucrative Visa, you will be granted a residency permit that will let you remain in Spain for a year. If you would like to stay longer, you can renew your NLV for an additional two years. After five years, you will be qualified to petition for permanent residence. You should be aware that you need to meet the minimum stay requirements in order to be eligible for a permanent residence permit. To be eligible for a permanent residency permit, you must spend at least half of your time in Spain within a five-year period.
The NLV is much easier to apply for and has far less criteria than other Spanish visa types. This visa does not require you to present a job offer, invest a significant amount of money in Spain, or even submit a business plan, unlike other visas for Spain. The NLV is incredibly well-liked among seniors who can afford to support themselves in Spain. However, it's also well-liked by who plan to live and work in Spain for an international business.