HOW BREXIT WILL AFFECT UK RESIDENCE IN SPAIN
After lengthy negotiations, UK and EU reach Brexit deal. With the new agreement on the table, and waiting to be approved by the Parliament, there are still three possible scenarios:
1. BREXIT with agreement.
The United Kingdom will execute an orderly exit from the EU on October 31, giving way to a transitional period until December 2020, which could extend one or two years. During this phase, the country will continue within the customs union and common market, while a new trade agreement with the EU is negotiated.
UK citizens in the EU and EU citizens in the UK will retain their residency and social security rights after Brexit. Freedom of movement rules will continue to apply during transition. This means that UK nationals will be able to live and work in EU countries (and EU nationals will be able to live and work in the UK) during this period. Anyone who remains in the same EU country for five years will be allowed to apply for permanent residence.
However, it looks unlikely the deal will pass smoothly through UK Parliament. On the other hand, if the prime minister does not manage to get the numbers needed to win a vote in Parliament, two things could happen:
The PM must ask the EU for a 3 months extension, at least until January 2020. In this case, there could be new elections in the UK or a new referendum which may Anul Brexit.
3. BREXIT with NO agreement.
The PM decides to go for a non-agreement exit on 31 October.
The PM has already declared that a new extension would not make any sense.
4. Health Insurance for British Citizens Applying for Residence in Spain
In any case, British nationals who plan on living in Spain for more than 3 months must register as a resident. Private health insurance for full coverage is one of the requirements.
As brokers with more than 30 years experience, we provide Medical insurance and will be able to help you with the necessary documents for your application.