Spain, thanks to its climate, its coasts and its lifestyle, has become one of the favourite places for foreigners to live a golden retirement.
Enjoying our gastronomy, endless walks during the 300 days a year of sunshine and our pleasant temperatures (especially in the Mediterranean area) are an increasingly present attraction. What more, are calling more and more people to retire to enjoy their hobbies and a relaxed life.
For this reason, Spain has made a series of agreements for retirement with different countries, so that those who have this nationality will be able to opt more easily than other foreigners for a retirement pension in Spain. In the case of the European Union (EU) it is even easier, because contributions in other member states will be taken into account when calculating the amount of the Spanish pension.
Moreover, according to Spanish law, citizens who are legally resident in Spain have the same rights as Spaniards to receive social security benefits and assistance, as well as social services, such as access to health care. Undoubtedly, these conditions are a further incentive that every year attracts more and more people to make the decision to move to Spain once their working life has come to an end.
What requirements are necessary?
There are some requirements and documentation that will be necessary to accredit and have in force, when a citizen decides to take up residence in Spain after retirement:
It is essential to have the Foreigner Identification Number (NIE). As we have told you on previous occasions, the NIE is the tax identification number assigned by the Ministry of the Interior, to any foreign person who owns property or interests in Spain. It is compulsory and permanent, which means that it will not change over the years, even if you sell your current property and buy another one or even if you do not buy anything for many years.
It is necessary for all banking procedures, from opening a bank account to carrying out any kind of transaction.
- Residence Card
The Residence Card is compulsory if you are resident in Spain for more than 90 days in 180 days period. If you need more information about this, you can click here to find out about the current procedures and requirements.
The “padrón” is the administrative register (census) where all persons living or residing in a municipality in Spain are registered, proving that this is their place of residence.
According to Spanish law, every person living in Spain is obliged to register in the municipality where he or she resides.