What is the IPREM in Spain?
IPREM is a Spanish index used in the calculation of economic aid, unemployment benefits, grants, scholarships and allowances based on and individual person’s specific income and situation. Known in Spanish as El Indicador Público de Renta de Efectos Múltiples, the IPREM indicator is often referred to as the Multiplier for the Public Income Index in English.
As an income benchmark, the IPREM also informs the calculation of the amount of funds you’ll be required to have access to in order to qualify for the Non Lucrative Residency Visa.
As of December 2020, the minimum financial means requirement for obtaining Non Lucrative Residency is 400% of PREM for the primary applicant. You can find out more about the financial requirements for the Spain Non Lucrative Visa program here.
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