Caribbean Immigration (Med School Discount! - Secrets - Shhh...)

[bjcheung77]

Two places to consider are Spain and Portugal; both have very straightforward options for people who might want to live there (even just temporarily) to obtain legal residency.
In short, you’ll need to demonstrate that you have sufficient cash, liquid assets and/or monthly income so that you won’t become a burden to local welfare programs.
Spain and Portugal are just two drops in an ocean of options.

Portugal’s “D7” visa requirements, for example, are based on the current minimum wage.
So if you have an income or cash savings of at least €7,620 (the annual minimum wage in Portugal, roughly USD $9,000), you can receive a temporary residency permit that’s valid for 1 year.
If you bring your spouse, you’d need an additional 50% of that amount, plus 30% for each child.  So a family of four would need about $18,000.

(This is the bare minimum, and of course it’s always best to show more if possible when you submit your application.)
And to be clear, this is YOUR money. It’s not like you have to pay it to the government as a fee or anything.
You keep it in your bank account, and spend it as you see fit.
The Portuguese government just needs to know that you have (or earn) enough to support yourself.

Spain has a type of visa that is very similar to Portugal’s D7. It’s called “residencia no lucrativa” or “non-lucrative residency.”
Spain is more demanding when it comes to showing savings or income, but their requirements are not outrageous.
This required amount increases slightly each year, depending on the Spanish minimum wage.
As of 2020, they want to see that the primary applicant has €25,560, and an additional €6,390 for each additional family member.
So, a family of four would need to show a minimum €44,730 of savings to qualify for residency in Spain (or almost $50,000).