1 year
Initial Duration
$815
Monthly Income
$100
Application Fee
$800
Cost of Living/mo
Highlights
Lowest income requirement in EUNo tax on foreign incomeBeaches & mountains
Requirements
Income Requirement$815/month
Health InsuranceRequired
Proof of AccommodationNot Required
Background CheckNot Required
Processing Time2-4 weeks
Duration & Renewal
Initial Duration1 year
Maximum Duration1 year
Renewal Options1 year, renewable
Benefits
Work Permissionremote only
Tax BenefitsNo tax on foreign income
Path to ResidencyNo
Path to CitizenshipNo
Family IncludedYes
Things to Consider
- Infrastructure developing
- Limited English
- Not in EU
Best For
- Budget nomads
- Adventure seekers
- Hidden gem hunters
Lifestyle
Internet Quality3/5
Safety Rating4/5
Climatemediterranean
TimezoneUTC+1/+2
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026