DIGITAL NOMAD VISA - SPAIN

The new visa for remote workers is already available! Published on the 22nd of December, you can now start your application and benefit from this visa.

The digital nomad visa is a residence permit that can be extended up to 5 years and that will allow non-EU citizens to live and work remotely from Spain (that is, legally operating as a digital nomad in the country).

Financial Requirement

For the main applicant you must be able to prove that you have a cash saving of 25,000€. You must have another 10,000€ to include your spouse in the application, and 4000€ for every kid in your application.

Where to apply?

you can apply directly from Spain with a tourist visa, getting directly your 3-year card – which will have your visa approved in 20 days

But, on the other hand, it is also possible to obtain a 1-year visa from your country of origin (in the Spanish consulate) so that you can enter Spain and modify later on to this card for 3 years ( not all Consulates are open for the application of this visa yet)

Visa Nature

The years with this 3-year card (and its subsequent renewals) count for both Spanish nationality and permanent residence (which you can get after 5 years as a remote worker or digital nomad in Spain).

This is a visa that allows your entire family moving to Spain.

Main Requirement

Employed workers (with at least a one year contract) whose company (outside Spain) allows them to travel and work remotely from another country (in this case Spain)

Self-employed workers with several clients (with relation for more than 3 months) spread all over the world or with different sources of income derived from online activities but spread outside Spain

Hence, if you want to apply for a remote work visa in Spain:

You must either demonstrate 3 years of work-related experience prior to application, or be a graduate or post-graduate from a reputable university, vocational training, and business schools of recognized prestige

Tax benefits when obtaining your digital nomad visa

Apart from all the residency benefits seen so far, one of the main appeals of this new permit comes from the tax side.

The extra argument created to make this permit even more advantageous is the special tax regime that will allow digital nomad visa holders to save taxes.

Basically, you will be taxed through an improved Non-Resident Income Tax Regime.

In case you haven’t been in Spain for the past 5 years (instead of 10, as the general rule states); you will be allowed to pay a flat tax rate of just 24% on your income, instead of a progressive rate that can reach up to 48%.

In order to be considered as a non-resident for tax purposes, you will have to initiate a separate and different application process than the one you complete for the residency process, and you will do so with the Spanish Tax Agency during the 6 months after you obtain your residency authorization.

This, in addition to allowing you to pay only 24% of income derived from work up to € 600,000, will eliminate the need to pay wealth tax or have to make the informative declaration known as model 720.

Finally, digital nomad visa holders will be able to request the deferral of the IRNR in the first and second year with a positive taxable income (without interests).

This advantageous tax regime will be extended for 5 years as long as you maintain your residency as a digital nomad, and then switch to the general regime.

Want to start your application NOW? Get in touch with us and start your digital nomad visa application: