The Digital Nomad Visa Unveiled: Start Living Your Dream in Spain!

The Digital Nomad Visa Unveiled: Start Living Your Dream in Spain!

Are you tired of the limitations of a tourist visa? Dreaming of working abroad in a country with perfect living conditions? Well, your wait is over! The brand new digital nomad visa has been published and is now available for foreigners looking to move remotely to Spain. Get ready for a complete guide that will walk you through all the requirements, tax advantages, and essential legal tips before you apply. Let's dive in!

What is the Digital Nomad Visa in Spain? Work Remotely, Legally.

Are you ready to work and live as a digital nomad in Spain? The digital nomad visa is your golden ticket! This residence permit allows non-EU citizens to work remotely from Spain for up to 5 years. Say goodbye to the hassle of applying for a non-lucrative visa that restricts your ability to work. With this tailored permit, you can keep working for your overseas company or serve clients worldwide while enjoying the fantastic Spanish lifestyle.

What Are the Advantages of the Digital Nomad Visa?

This visa brings you a world of advantages and opportunities. Let's explore the highlights:

1. Double Application Option: You can apply directly from Spain with a tourist visa and get a 3-year card. Alternatively, you can obtain a 1-year visa from your home country's Spanish consulate and later upgrade it to a 3-year card after entering Spain.

2. Count Towards Nationality: The years spent under the 3-year card, along with subsequent renewals, count toward Spanish nationality and permanent residence. After 5 years as a remote worker or digital nomad in Spain, you can achieve permanent residence.

3. Inclusive for Your Family: You can include your spouse and children in the same application, allowing your entire family to move to Spain with you.

4. Quick and Positive Approval: The digital nomad visa falls under the Entrepreneurs Law, ensuring a fast-track resolution within just 20 days. Even better, if you don't receive a response within this period, your application is considered approved by administrative silence.

5. Freedom to Explore Europe: With this residence card, you have the freedom to travel throughout the European Union.

Requirements for the Digital Nomad Visa: Is It Right for You?

Before you jump into the application process, let's go over the requirements for obtaining the digital nomad visa:

1. Employed Workers: If you work for a company abroad and have permission to work remotely from another country, this visa is perfect for you.

2. Self-Employed Workers: If you have multiple clients or online income sources from outside Spain, this visa caters to your needs.

Key Requirements:

- Your current employer (or freelancing clients) must be located outside of Spain.
- Income from Spanish companies or earned in Spain cannot exceed 20% of your total income.
- You must demonstrate at least 3 months of work experience with your current company or clients.
- Contract with your employer must be valid for at least 1 year.
- Show 3 years of work-related experience or hold a graduate or post-graduate degree from a reputable university, vocational training, or business school.
- No criminal records or entry bans in Spain. Provide a criminal records certificate legalized and apostilled, with a minimum validity of 90 days.
- Submit a declaration of no criminal record for the past 5 years.
- Complete the application form and pay the administrative fee.
- Obtain private health insurance with full coverage in Spain.
- Possess a bank certificate proving a minimum of €25,000 for the main applicant, with additional funds for each family member.
- For employees: The foreign company must have been operating for at least 1 year and allow remote work.
- For freelancers: You must work for at least one company outside Spain, with remote work specified in your contract.

 

Tax Benefits: Save More Money with the Digital Nomad Visa!

Hold onto your hats, because the tax benefits of this visa are great! By opting for the digital nomad visa, you can save a significant amount on taxes. Here's how it works:

- Non-Resident Income Tax Regime: Instead of paying regular income tax like residents, you'll be taxed through an improved Non-Resident Income Tax Regime.
- Pay Less Tax: Pay only 24% on your income, compared to the progressive rate that can reach up to 48% for residents.
- Initiate a Separate Process: To be considered a non-resident for tax purposes, you'll need to start a separate application with the Spanish Tax Agency within 6 months of obtaining your residency authorization.
- Beckham Law Comparison: This process is similar to the Beckham Law, a tax regime offering favorable conditions to certain professionals in Spain.
- Additional Benefits: By being a digital nomad visa holder, you won't have to pay wealth tax or make the informative declaration known as model 720.

Can You Work in Spain for a Spanish Company or Client?

Absolutely! With the digital nomad visa, you can work for a Spanish company as long as you meet these two conditions:

- Maintain the Relationship: You must maintain your relationship with the foreign company that allowed you to obtain the visa.
- Income Limit: The income generated from the Spanish company should not exceed 20% of your total income.

When Does the New Law and Residency Take Effect?

The wait is over—the new visa for remote workers is already available! Published on December 22nd, you can now kickstart your application and benefit from this amazing visa opportunity.

How to Apply for the Digital Nomad Visa

Here are your two options for applying:

1. Apply from Your Home Country: Apply for the digital nomad visa from your country of origin, receiving a 1-year visa that can later be modified to residency.
2. Apply from Spain: Enter Spain as a tourist and directly apply for a 3-year permit, renewable for an additional 2 years.

Enjoy a fast-track application process and receive a favorable response in just 20 days. And don't forget to visit the police office to complete your registration and obtain your physical residency card.

So, are you ready to live the digital nomad dream in sunny Spain? Start your application today and make your remote work dreams come true!