Lusting after tranquil evenings crammed with devouring aromatic paella and dipping your toes within the Meditteranean after ending your work for the day? Then you’ll want to pay attention up.
Spain has modified the sport with its new regulation designed to profit digital nomads and distant staff eager to reside within the European hotspot.
So, what do we all know?
The brand new digital nomad visa will present distant staff and entrepreneurs with a year-long visa to remain within the nation, which is extendable to 2 years by making use of for a residence authorization as a distant employee.
If that’s not sufficient, the residence authorization could be prolonged for an additional 5 years, supplying you with a complete of seven years in Spain.
Buyers, startups, and distant staff can even profit from a decreased tax charge of 15% per yr, as long as they spend not more than 183 days within the nation per yr.
The tax reduce is legitimate for the primary 4 years of your keep in Spain.
Digital nomads can even profit from this tax discount however are in a position to keep for an extended spell – a 1-year preliminary interval versus roughly 6 months.
These modifications to Spanish regulation have been lengthy awaited and are on account of come into impact from January 1st, 2023. Nevertheless, solely non-EU residents will profit from these phrases.
Whereas no extra official particulars have been introduced as of but, the Spanish authorities will quickly be rolling out its phrases and situations, together with the minimal quantity digital nomads should earn to qualify for the visa.
Nevertheless, it’s anticipated that this minimal threshold will likely be round €2,000 per thirty days, which is able to make it the most effective digital nomad visas in Europe.
Let’s evaluate these earnings necessities with different European digital nomad visas to be able to resolve which nation is best for you.
- Estonia – €3,504 per thirty days
- Portugal – €2,836 per thirty days
- Croatia – €2,363 per thirty days
- Malta – €2,700 per thirty days
- Czech Republic – €5,727 per yr
- Hungary – €2,000 per thirty days
- Greece – €3,500 per thirty days after tax
- Norway – €35,000 per yr