Benefits of retiring in Spain and how to do it

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More and more British expats are considering moving and retiring to Spain after years of work. Today, over a million of them have moved to have their pensions paid out in other countries such as Spain. Also, now that the United Kingdom is no longer part of the EU as a result of Brexit, the requirements for obtaining a visa have changed and the process can be more complicated. However, this has not stopped Britons from keeping Spain in mind as a prime destination for their golden years.

If you are considering moving to Spain, either alone or with your partner or family, at My Spain Visa, a visa boutique in Spain with more than 10 years of experience and with the best immigration visa expert team, you will receive the best personalised guidance, prompt feedback and professional services to achieve a successful resolution. The staff at My Spain Visa has received the necessary training to be able to help foreign clients obtain a retirement visa Spain 2021, among other types of visa.

Thus, at present, the requirements that a UK citizen must fulfil in order to obtain this type of visa are part of the same process as any other non-citizen of the EU. You are allowed to stay in the country without a visa for 80 days within a 180 day period. To extend this period, it is necessary to obtain a visa. So, two of the most common examples of a retirement visa are the Golden visa and the Non-lucrative visa.

You can obtain the Non-lucrative visa Spain in My Spain Visa, as well as the Golden visa, among other visas or other information on different legal processes. Regarding the Non-lucrative visa, it should be noted, above all, that the person who obtains this visa cannot work or receive any outside of retirement funds, investments, etc. Remote work is permissible if the company in question does not reside in Spain. This visa requires a passport which is valid for a year, as well as a medical recommendation declaring the applicant not contagious and disease-free.

In addition, it is also important to mention how the healthcare system in Spain works for expats. In fact, they can live in Spain and have access to a good quality of life, including a healthcare system, which has universal coverage and no upfront costs for patients, apart from a fraction of the cost of prescriptions.

In Spain, you can choose between public and private health care; many hospitals and medical centres offer both. You can apply for a health card after registering with the Spanish social security system (known as “Tarjeta Sanitaria Individual” or TSI). If you are not entitled to state healthcare, you should consider taking out private health insurance. This will save you from having to pay high medical bills if you need treatment.

Most Spanish citizens rely on public health insurance, but those who can afford it opt for private health insurance. An example of this second option is the fact that the Spanish national public health system does not cover dental care, so this is a service that can only be obtained through a private mutual insurance company.

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