Non-lucrative visa Spain

Duration
This visa allows you to stay in the country for 730 days.
Source
For detailed info, read more on the official website.
Cost
The official application fees for this visa are $87.

Requirements:

  1. Be over 18 years old.
  2. Income of at least €25,560 annually, plus €6,390 per each additional family member.
  3. NIE number - A personal unique number given to every foreigner who intends to stay in Spain for longer than six months. Apply for this number at the consulate, before you apply for a visa.
  4. Original Police Clearance Certificate.
  5. Medical certificate + Health insurance valid in Spain.

Frequently answered answers:

  1. The residence permit is usually issued for 2 years and is renewable provided you've spent at least 183 days in Spain during both years.
  2. After 5 years of holding the temporary residence permit, you are eligible to apply for permanent residency.

Editor's notes:

  1. A good read from Wandering Earl documenting their process applying for the visa.
  2. The visa fee varies based on your nationality so it might make sense to check with your consulate.
  3. Leaving this link for myself and anyone else applying from the UAE.