Table of Contents

1. Introduction

As is well known, in order to apply for the Spanish Digital Nomad Visa it is necessary to prove the availability of a certain amount of income. This income must come mainly from the professional relationship with the non-Spanish company, although it is true that it is possible to supplement this with other sources of income or savings. But what exactly is the amount that must be accredited to meet the requirement of a financial nature, and does it vary if the permit is extended to family members?

These questions will be answered in this article.

2. What are the income requirements to apply for the Digital Nomad Visa?

The amount of income to be accredited depends on the number of family members to whom the Digital Nomad Visa is extended. A nomad travelling alone is not required to have the same financial means as a nomad travelling with his or her spouse and two children. The relevant amounts can be found in the table below:

Main Applicant + 1 family member + 2 family members + 3 family members + 4 familiy members

How are these numbers reached? The reference used is the Spanish Minimum Interprofessional Wage. For an applicant it will be 200% of the IPREM in 14 payments (2160 € x 14). In case of a family unit of two members 275 % of the IPREM in 14 payments (the 2 extra payments are taken into account). 25% of the SMI will be required for each additional member of the two persons mentioned above.

Although it is possible to supplement income from work with savings, it should be noted that, as a general rule, this is only accepted by the UGE when the amounts involved are relatively small and the vast majority of the income comes from work.

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