Sunshine and New Beginnings: A Brit’s Guide to Moving to Spain After Brexit

For many Brits considering a move abroad, Spain remains a favoured choice, thanks to its pleasant climate, relaxed lifestyle, and thriving expat community. However, following Brexit, the regulations for UK citizens relocating to Spain have changed significantly, making it essential to be well-informed.

This guide covers essential information you’ll need, including visa requirements, healthcare options, and tips for a seamless relocation experience.

Visa and Residency Requirements

Brexit has put an end to the free movement that UK citizens previously enjoyed within the EU, meaning British nationals now must adhere to Spain's immigration regulations. If you intend to stay in Spain for over 90 days within any 180-day period, obtaining a visa is necessary.

Here are some common types of visas available:

Non-Lucrative Visa: Ideal for retirees or those with adequate financial resources to live without employment. You must provide proof of income, such as pensions or savings, to demonstrate your ability to support yourself in Spain.

Work Visa: If you’re relocating for a job, your employer usually assists with the application process. Self-employed individuals will need a specific visa tailored to their freelance or business activities.

Golden Visa: For those willing to invest significantly in Spain, such as buying property valued at €500,000 or more, this visa offers an appealing pathway to residency. However, be aware that Spain has indicated potential changes to this scheme.

Student Visa: If your move is for educational purposes, securing this visa is crucial, along with proof of acceptance from a Spanish educational institution and evidence of financial means.

Each visa type has distinct requirements, so it’s advisable to begin your application process early.

Legal and Bureaucratic Considerations

Moving to Spain involves navigating various legal and administrative processes, which may seem daunting but are crucial for a smooth transition:

- Residency: After arriving, registering as a resident is necessary, a process that can take several months. You will receive a Foreigner’s Identification Number (NIE), vital for handling banking, utilities, and other official matters.

- Driving License: UK driving licenses are valid for six months in Spain. After that, you will need to exchange it for a Spanish license.

- Language: While English is spoken by many, especially in expat communities, learning Spanish will enhance your experience, particularly when dealing with official processes.

Financial Planning and Taxation

When relocating, it’s vital to consider the financial implications to avoid unexpected surprises.

Start by informing HMRC of your move to ensure correct taxation in the UK. Consulting a financial advisor who specializes in expat taxation can also help streamline this process.

In Spain, you will be taxed on your global income, which includes pensions, investment earnings, and rental income. Fortunately, Spain and the UK have a double taxation agreement in place to prevent you from being taxed on the same income twice.

Key financial aspects to keep in mind include:

- Spanish tax rates differ based on your income level and region.

- Pension transfers may be advantageous if you consider moving your UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS) in Spain.

- Setting up a Spanish bank account can facilitate managing everyday expenses and bills.

- For transferring money from the UK to Spain, using a currency exchange provider (we recommend Send Money Overseas) may save you money and simplify the process. Planning these transfers early can help you secure a better exchange rate.

Budgeting and Cost of Living

The cost of living in Spain varies greatly depending on your chosen location. Major cities such as Madrid and Barcelona are typically more expensive, particularly regarding rent, while rural areas or smaller towns often present a more budget-friendly lifestyle.

If you’re considering buying a property, remember to factor in additional costs such as property taxes and fees, which can add 10% to 20% to the purchase price.

Additionally, consider budgeting for:

- Healthcare expenses (if you don’t yet qualify for public healthcare)

- Utility bills (like water, electricity, and internet)

- Transportation costs, which may involve public transport or car ownership depending on your area.

Researching costs specific to your intended location can help ensure your budget accommodates your desired lifestyle.

Embracing Lifestyle Changes

Living in Spain can be a dream come true, but it's essential to recognise cultural differences. The pace of life tends to be slower, emphasising family, community, and enjoying the moment. Be prepared for shops and services to close during the afternoon siesta, and mealtimes generally occur later than in the UK.

To fully adapt to your new life:

- Engage with the expat community by joining local groups.

- Familiarise yourself with local customs and traditions to feel more integrated.

- Exercise patience, as bureaucratic processes in Spain may take longer than anticipated.

Let’s summarise!

While relocating to Spain post-Brexit may require more planning and paperwork, the benefits of enjoying life in the sun, coupled with Spain's welcoming environment and high quality of life, are substantial. With proper preparation—securing the right visa, understanding financial and legal obligations, and immersing yourself in local culture—you can achieve a smooth transition to one of Europe’s most sought-after expat destinations.

If you're looking to take the plunge and dive into a new life in Spain then contact us and let us help you find the perfect property for you! With over 20 years supporting our clients take the first steps to their new life in the sun, Richard and his team are the perfect match for you.