Economic means required for Entry, Stay, and Residence in Spain

​​Economic Means for the Year 2026

A. ENTRY AND STAY OF LESS THAN 90 DAYS, INCLUDING EXTENSIONS UP TO 90 DAYS

1. WHEN A SCHENGEN VISA​​ IS REQUIRED (nationals of third countries included in Annex I of Regulation (EU) 2018/1806)​

• ​​a) To cover their subsistence during their stay in Spain, applicants must demonstrate an amount of CAN $197.40 per person per day, or its legal equivalent in foreign currency, multiplied by the number of days they intend to stay in Spain and by the number of persons traveling under the applicant’s responsibility.
• b) In all cases, applicants must demonstrate a minimum of CAN $1,776.60 (or its legal equivalent in foreign currency) per person, regardless of the intended length of stay.
• c) To return to the country of origin or to travel in transit to third countries, foreign nationals may be required to show nominative, non-transferable, closed travel tickets for the means of transport they intend to use.

​2. WHEN A SCHENGEN VISA IS NOT REQUIRED (nationals of third countries included in Annex II of Regulation (EU) 2018/1806). Canada is included in Annex II and, therefore, Canadian citizens do not need a Schengen Visa.

• ​​a) At the border, they may be required to provide proof of the financial means indicated in points 1.a), 1.b) and 1.c) above.​

B. STUDENT VISA, STUDENT MOBILITY, VOLUNTEER SERVICES​, TRAINING ACTIVITIES​, AND LANGUAGE ASSISTANT (NALCAP VISA)​ FOR STAYS OF MORE THAN 90 DAYS

• ​​​​​​​Applicants must demonstrate financial means of CAN $970.00 per month (or its legal equivalent in foreign currency) for their subsistence in Spain, unless they duly prove that accommodation has been fully paid in advance for the entire duration of the stay.
• For the subsistence of dependent family members: 
  
• ​CAN $727.50 per month for the first dependent. 
• CAN $485.00 per month for each additional family member (or the legal equivalent in foreign currency), unless it is duly proven that accommodation has been prepaid for the entire duration of the stay.​
  
• For participation in a student mobility program to undertake secondary and/or high school studies at an officially recognized educational or scientific institution, the financial requirement mentioned above will be replaced by the provisions of the program itself, provided that the program guarantees the foreign student’s full subsistence.
• For the Language Assistant (NALCAP) Visa, if accommodation is prepaid, the required amount is reduced. Additionally, the grant from the Regional Education Authority will contribute toward covering the required monthly amount.

C. YOUTH MOBILITY VISAS BETWEEN SPAIN AND CANADA​

Applicants must demonstrate possession of more than CAN $2,910.00 (or its legal equivalent in foreign currency) to cover expenses for the first three months in Spain.

D.  NON-LUCRATIVE RESIDENCE VISA​ ​AND LONG-TERM RESIDENCE OR EU LONG-TERM RESIDENCE RECOVERY VISA​​

• a) ​​For their own subsistence during residence in Spain, applicants must demonstrate CAN $3,880.00 per month (or its legal equivalent in foreign currency).
  
• For each dependent family member, applicants must demonstrate an additional CAN $970.00 per month (or its legal equivalent in foreign currency), in addition to the amount indicated in point a).

E. ECONOMIC REQUIREMENTS UNDER LAW 14/2013 OF 27 SEPTEMBER ON SUPPORT FOR ENTREPRENEURS AND THEIR INTERNATIONALIZATION

• ​​Entrepreneur Visa: Applicants must demonstrate CAN $970.00 per month (or its legal equivalent).
  
• ​For their family members:
  
• Family unit consisting of the principal applicant and one dependent: CAN $1,455.00 (or its legal equivalent)
• Family unit of the principal applicant with more than two dependents: CAN $485.00 per additional member (or its legal equivalent)​
  

• ​​​Audiovisual Sector Visa: Applicants must demonstrate CAN $970.00 per month (or its legal equivalent).
  
• For their family members:
  
• Family unit consisting of the principal applicant and one dependent: CAN $1,455.00 (or its legal equivalent)
• Family unit with more than two dependents: an additional CAN $485.00 per additional member (or its legalequivalent)
  

• ​No documentation proving financial means is required for the following visas:
  
• Highly qualified professionals visa​​
  
• Research visa
• Intra-company transfers
  
• Internship visa​
  
• Telework visa (Digital Nomads visa)
  

F. NO DOCUMENTATION OF FINANCIAL MEANS IS REQUIRED FOR THE FOLLOWING VISAS:

• ​​​Family Reunification under the General Regime visa
• Employee work visa
• Self-employed work visa​
• Residence visa for family members of Spanish nationals​
• Accreditation visa
• Courtesy visa
• Visas for family members of a citizen of the Union
• Airport transit visa​