You’ll be expected to have 4 times the annual IPREM index’s income rate in accessible savings. For a single applicant, this comes to a minimum of €537.84 per month (€6,454.03 per year).
At 4x the IPREM rate, you’ll therefore have to prove having a minimum of €25,816.12 in accessible savings.
For a spouse, and every other dependent member being brought to Spain, the minimum provable savings amount goes up by another year’s minimum earnings at the IPREM rate, i.e. you need an additional €6,454.03 per year in savings for additional applicants. The savings requirement for a family are outlined below:
|Investment Option||Sufficient passive income|
|Real Estate Investment||Not Available|
|Child||18 years of age|
|Potential to citizenship||Yes|
|Time to citizenship||10 years or more|
|Mandatory Stay to Citizenship||Required|