1 year
Initial Duration
$2,540
Monthly Income
$55
Application Fee
$1,500
Cost of Living/mo
Highlights
Lowest EU income requirementNo income taxBeautiful coastline
Requirements
Income Requirement$2,540/month
Health InsuranceRequired
Proof of AccommodationRequired
Background CheckNot Required
Processing Time2-4 weeks
Duration & Renewal
Initial Duration1 year
Maximum Duration3 years
Renewal Options18 months, renewable once for up to 3 years total
Benefits
Work Permissionremote only
Tax BenefitsNo local income tax during stay
Path to ResidencyNo
Path to CitizenshipNo
Family IncludedYes
Things to Consider
- No path to residency
- Schengen travel limits
- Seasonal tourism crowds
Best For
- Tax optimizers
- Beach lovers
- EU explorers
Lifestyle
Internet Quality4/5
Safety Rating5/5
Climatemediterranean
TimezoneUTC+1/+2
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026