Spanish Digital Nomad Visa

With the Spanish Digital Nomad Visa, foreign workers are expected to be able to live and work remotely in Spain for an initial period up to one year, with the option to extend up to a total period of five years, subject to a yearly review.

With over 10.9 million digital nomads from the USA alone, the launch of the digital nomad visa has already been a huge success in other countries, giving digital nomads the chance to experience a new culture, improve their language skills and enjoy a great quality of life while working remotely.

Indonesia is currently the top destination for digital nomads, followed by Thailand and Portugal. However, with Spain already a top destination for both travellers and expatriates, the Spanish nomad visa is expected to gain instant popularity among remote workers in 2023.


more details



In January 2023, the Spanish government approved the Spanish Digital Nomad visa, which allows digital nomads who do not have European citizenship a golden opportunity to live and work remotely within the borders of Spain for a year (renewable for up to five years) as long as they meet the minimum income requirement (as of today: a total of 2,334 euros per month) . The launch of the digital nomad visa has already been a great success in other countries due to the opportunity to experience a new culture, improve language skills and enjoy an excellent quality of life while working remotely. The Spanish digital nomad visa is therefore a huge step forward for Spain when it comes to accepting foreign workers into the country, giving digital nomads the opportunity to integrate over a period of up to five years while integrating them into the Spanish economy. Indonesia is currently the leading destination for digital nomads, followed by Thailand and Portugal.

One of the main reasons that attract digital nomads to be interested in the Spanish nomad visa is the tax benefit inherent in obtaining it. The visa allows nomads to choose to dissolve as a non-resident of Spain for tax purposes (NRIT) and not to dissolve as a tax resident of Spain (PIT) and by law to pay tax only on income generated within the borders of Spain, such as income from work or income as a self-employed person. This is an extension of the "Beckham Law" from 2005, which allows foreign residents who come to work in Spain for a local company, to benefit from a reduced tax payment of between 19%-24% on income up to 600 thousand euros. Now, the new law also allows those who come to Spain and wish to work remotely for a foreign employer to choose to dissolve as a foreign resident for tax purposes in Spain and enjoy a 15% tax rate up to an income of 600,000 euros This is provided that no more than 20% of the income comes from Spanish organizations, but be aware - those who earn more than 600,000 euros will still have to pay a tax rate of 47%. It is important to note that the Spanish nomadic visa is an individual visa and not for families. This means that partners or family members will have to apply for a visa separately. Learn more about the taxation implications of digital nomads in the following article.

for more details




 
This website was created for free with Webme. Would you also like to have your own website?
Sign up for free