Blog Authors

Latest from Your Law | Blog

The possibility of agreeing to the prohibition by the Community of Owners required the unanimity of the owners until March 2019, but after the modification of the law introduced by Royal Decree-Law 7/2019 of 1 March this prohibition requires the favorable vote of 3/5 of the owners who represent 3/5 of the percentage of participation.

NONPROFIT RESIDENCE

ECONOMIC RESOURCES

The non-profit residence was created
for those foreign citizens who have resources and income that allow
them to reside in Spain without having to develop a work activity.

Consequently, the fundamental
requirement to obtain this type of residence is the possibility of
demonstrating sufficient economic resources during the period of stay