Non-Profit residence

It remains a valid option for those foreigners who wish to reside in Spain without performing work activity, but are unwilling to make significant investments in the Spanish economy.
It is relevant to note that residency requirements for investors are very similar to those of the non-profit residents, with the added requirement of having to prove an investment for the reasons stated.
However, despite the similarities, there are some significant differences, which can opt for one or the other option: The nonprofit residence, unlike residence for investors, does not allow to do paid activities, so that, at least Initially, the owner of a nonprofit could be a business owner, but he could not work on it. Another requirement that exists in the nonprofit but was removed from the residence for investors is the need for effective residence for more than six months in order to renew it.
This is a disadvantage because it does not allow absent from Spain for more than 6 months, and involves the acquisition of the status of tax resident in Spain, with the obligations that entails.
It is therefore advisable the residence for investors, for who want to get the option to travel freely to Spain, without limits and can stay in Spain as long as they wish, with the option of opting in future to a long-term residence and even nationality.
Moreover, those who have decided to move their residence to Spain and have sufficient financial resources to finance his residence in the country without engaging in gainful activity and yet not want to make a significant investment, they can choose to file a non-profit residence .