Pensionado (Retirement) Visa
Embassy required
- Maximum stay
- 365 days
- Processing time
- 75 business days
- Fee
- Application processing fee
- Validity
- 1 year, renewable annually
- Entry
- Multiple entry
Pensionado visa designed for retirees. Valid 1 year, renewable annually. Family members (spouse, children, parents) can be included. After 5 years of legal residency, can apply for citizenship. More affordable than Rentista visa option.
Eligibility
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Nationality
Citizens of USA, Canada, UK, Australia, New Zealand, Ireland, Austria, Belgium, France, Germany, Spain, Italy, Netherlands, Sweden, Switzerland, Japan, South Korea, Brazil, Argentina, and Chile.
Eligible countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, France, Germany, Ireland, Italy, Japan, Korea (Republic of), Netherlands, New Zealand, Spain, Sweden, Switzerland, United Kingdom, United States of America
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Financial
Minimum monthly pension income of $1,095 USD from government or private source. Must maintain pension income throughout residency.
Minimum funds: $1,095 USD monthly pension
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Age
Typically for retirees age 55 and above.
Min age: 55
Documents you need
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Passport
Blank pages required: 2; Validity months: 6
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Photo
Count: 4; Specifications: Recent color photos
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Bank statement
Minimum balance: N/A; Months required: 6
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Police clearance
Validity months: 6
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Medical certificate
Provide medical evidence from a recognised doctor or clinic when the route asks for health confirmation.
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Birth certificate
Must be notarized: No; Must be translated: No
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Marriage certificate
Must be notarized: No; Must be translated: No
How to apply
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Document gathering
Gather pension documentation and supporting documents: valid passport, proof of guaranteed monthly pension income of $1,095 USD minimum, bank statements showing pension deposits for last 6 months, official pension verification letter from pension provider, criminal background check (apostilled), medical examination certificate, birth certificate (apostilled and translated to Spanish), marriage certificate if spouse included (apostilled), and 4 passport-size photos.
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Document submission
Submit application to Dirección General de Migración y Extranjería.
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Processing wait
Wait for application review. Processing typically takes up to 75 business days.
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Visa collection
Receive pensionado visa approval.