Spain digital nomad visa: How does it work and who can apply?

Spain is launching a brand new digital nomad visa, which is able to present Britons and people from different non-EU countries with the possibility to work and reside overseas.

Spanish parliament accredited the transfer in December, and this visa introduction is a part of the nation’s newly handed Startup Law.

It’s anticipated that the application course of needs to be open for these earlier than the top of March 2023.

With the visa, folks can reside and work in Spain for as much as a 12 months at first, after which apply for this time to be prolonged, as much as a complete interval of 5 years.

The digital nomad visa is to be made accessible to distant staff who will then be capable to reside in Spain. In flip, staff may also be entitled to a tax break.

But who will likely be eligible for a digital nomad visa and the way does it work?

Read on for all the things we learn about Spain’s new digital nomad visa.

How will Spain’s digital nomad visa work?

The digital nomad visa will enable profitable candidates from non-EU international locations – in any other case generally known as third international locations – such because the UK to reside and work in Spain.

To begin with, the visa will enable holders to stay in Spain for a 12 months, however this time-frame can then be prolonged as much as a most time of 5 years.

Those dwelling in Spain with a digital nomad visa will likely be entitled to tax breaks. For the primary 4 years, visa holders pays the Spanish authorities 15 per cent of their earnings, fairly than the nation’s customary 25 per cent earnings tax requirement.

Who can apply for a digital nomad visa in Spain?

The new digital nomad visa will likely be accessible to those that work remotely for corporations exterior of Spain, in addition to staff who obtain as much as a most of 20 per cent of their earnings from Spanish-based companies.

To apply, potential visa holders should present that they earn sufficient cash to be self-sufficient.

Applicants will likely be requited to current an employment contract exhibiting they’ve labored with an organization for 3 months or extra or, if self-employed, show they’ve labored with companies exterior of Spain for over a 12 months.

Close members of the family, akin to a partner or kids, can be part of the applicant too.

Applicants can’t have been Spanish residents throughout the final 5 years, or maintain a felony document.

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