How much money do you need for a non profit in Spain? What is the minimum funding requirement?

Mondo Finance Updated on 2024-02-04

What are the keys to a successful non-profit immigration process in Spain? Of course, there are many factors, such as motivation, preparation of personal documents, etc., but the most important of them is financial proof: whether you can afford to prove that you and your family can stay in Spain for at least one year without working, just spending.

Is the applicant's financial strength sufficient? We need to know about an important economic indicator in Spain, "IPREM", which is based on the non-profit project to look at the applicant's financial situation.

IPREM is the Spanish "indicador público de renta de efectos múltiples", which is an economic indicator set by Spain**, mainly used to provide assistance or various subsidies, and is also used to meet the applicant's financial requirements when residing. This indicator changes from year to year as prices grow and wages increase.

In 2023, the latest iprem will cost €600 per month, which equates to €7200 per year.

According to Article 47 of Spanish Royal Decree No. 557 2011, foreigners applying for non-profit residency must prove that they have 400% of their income from IPREM per month, i.e. 2,400 euros per month, or 28,800 euros per year. If you want to bring dependents, you need to prove an additional 100% IPREM for each additional relative, which means that each family member needs to prove an additional 7,200 euros per year.

1 person: 28,800 euros per year, about 210,000 RMB.

With 1 family member: 36,000 euros per year approx. 2630,000 RMB.

With 2 dependents: 43,200 euros per year about 3160,000 RMB.

With 3 family members: 50,400 euros and about 370,000 yuan per year.

Please be reminded that this is the general minimum funding requirement, and the exact amount may be higher depending on the specific circumstances of your consulate. Spanish immigration

Related Pages