Spain has introduced a new visa that allows digital nomads to live and work in the country while serving companies outside Spain or as freelancers. Stratego Abogados, a Madrid-based law firm specialized in immigration law, can assist in obtaining the visa and benefiting from tax advantages.
Spain is the most popular destination for British. Spain registered 15,121,910 visitors from UK in 2022.
Cities such as Madrid or Barcelona are positioned as centers of culture and digital talent, but other coastal cities in Spain such as Valencia, Alicante, Malaga or the Canary Islands are gaining great popularity among foreign workers.
The climate, culture. Lifestyle and lower cost of living in Spain and, especially, the cheap rent, attract more and more teleworkers.
“This visa allows the possibility of paying less taxes under the Non-Resident tax regime, known in Spain as the Beckham Law, because of the famous football player. This law will allow to pay a flat tax rate of only 24% on the income up to 600 thousand euros, instead of a progressive rate that can reach up to 48%. In addition, he will also be exempt from paying wealth tax. we are getting a lot of inquiries about this tax advantages”. Said Rubén Mañanes, CEO of Stratego Abogados.
The visa for digital nomads is a residence permit for one year, which can be extended up to five years as a residence permit for an international teleworker. After this period, individuals can apply for permanent residency. The visa allows digital nomads to bring their families to live with them in Spain and to move throughout Europe (EU countries).
To be eligible for the visa, individuals must have a job or professional activity remotely for companies outside Spain through computer and telecommunication means. They must also be qualified professionals, graduates or postgraduates. Those who have a professional activity can work for a company located in Spain, as long as the percentage of such work does not exceed 20% of their total professional activity.
The Non-Resident tax regime, known in Spain as the Beckham Law, offers a flat tax rate of only 24% on income up to 600 thousand euros, instead of a progressive rate that can reach up to 48%. Digital nomads are also exempt from paying wealth tax.
- Analyze the requirements and income levels necessary to obtain the visa. For this you can count on the support of specialists such as Stratego Abogados.
2. Gather Documents: The following documents are required for the visa application:
- Valid passport
- Health insurance coverage
- Proof of financial means to support oneself during the stay in Spain
- Criminal background check
- Proof of job or professional activity for companies outside Spain through computer and telecommunication means
3. Submit Application: Once all required documents are gathered, individuals can submit their application for the visa.
About Stratego Abogados:
Stratego Abogados is a well-known law firm based on Madrid and specialized on immigration law, Spanish and Portuguese nationality and residence. They are pioneers on Spanish and Portuguese nationality for Sephardi origin and for Democratic Memory law, among others.
We will be happy to provide more information or have an interview with our General Manager.