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New digital nomad visa could make it easier to live and work in Spain

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Many European countries have started their Digital Nomad Visa programs to bring international talent into their economies. Countries including Georgia, Norway, Malta, and Greece. With significant global interest continuously increasing and the demonstrated success of these programs, many other nations have been urged to come up with their own. So, there is a Spain Digital Nomad Visa is underway.

Spain Digital Nomad Visa Requirements

Digital Nomad Visas are similar to a full-time employment visa. They grant temporary residence rights to people from abroad anywhere from six months to two years, if they are employed and can meet the country’s minimum monthly income requirement. These visas are specifically targeted towards people who work remotely in the digital realm and whose employer companies and clients are outside of the country they are working in.

The main prerequisite of the Spain Digital Nomad Visa program is that applicants should be foreigners working remotely employed by an organization that isn’t operating within Spain.

Individuals who self-employed and provide their services independently – without an employer direct – will be allowed to dedicate 20 percent of their professional operations to a registered company in Spain.

The remote worker must also be able to meet the government’s minimum earnings requirement to qualify for the Nomad Visa, which will probably be more than twice the minimum wage for national workers in Spain. Since the minimum monthly wage is EUR1,050, digital nomads must prove an income of at minimum EUR 2,100 – or if they are not, EUR 3,300 each month in order to qualify to be eligible for the visa.

Other requirements will be clear once the program is ratified in January 2023.

Who can be eligible for a Digital Nomad Visa for Spain?

Any non-EEA worker employed by a company that is not part of Spain that can work remotely from anywhere in the world via an internet connection is qualified for visas for remote work. Spain remote work visa. EU passport holders already have the right of residency and working from their home base in Spain without the need for a visa if their stay is not more than six months.

The primary eligibility requirements for the Digital Nomad Visa Spain for non-EU citizens are:

Applicants must be employed by a non-Spanish company or have clients in Spain and they must show their employment contract.
Candidates must have a worldwide income that is at the most 20% of it coming from Spanish companies.
Applicants must not have held citizenship in Spain for the five years preceding their application.
Applicants must have been working remotely for at least one year.
Candidates must have an unblemished criminal record and have not previously been prohibited entry to Spain.
Applicants must have private health insurance coverage in force throughout Spain.
Applicants must show proof of the accommodation they will be staying in for the duration of their stay in Spain.

Full-time employees under a contract agreement with a foreign firm must show proof of employment with their employing company at least 3 months prior to the application date . They must also submit written evidence that the company allows remote work.

Holders of the brand new Digital Nomad Visa will also enjoy a much simpler procedure in obtaining residency on arrival in Spain since the Spanish government obliges them to sign up for residency permits with local municipalities within 30 days of their arrival in the nation.

How do you apply to this visa? Spanish Digital Nomad Visa

Information on the process for applying of The Digital Nomad Visa in Spain require clarification because the legislation was recently approved by the lower house of the Spanish Parliament, and much more has to be published.

But, since it’s an Spanish visa, people are likely to have to fill out the Digital Nomad Visa application form to their regional Spanish Consulate or Embassy in order to gain permission to reside in Spain as foreign workers.

The holders of the Spanish Nomad Visa are permitted visa-free travel across the European Union’s Schengen Area, which consists of 26 EU member states for the duration of their permit is in good standing.

How long will the Digital Nomad Visa for Spain last?

This Spanish Digital Nomad Visa will initially be valid for one year. Successful remote workers can convert their Nomad Visa into a temporary residency permit with a maximum validity of three years from the time they arrive in Spain.

People who have the Spanish Digital Nomad Visa who have obtained their renewable residency permit will be able extend the validity of their temporary permit for another two years after its renewal, making it possible to keep the Digital Nomad Visa valid for up to five years. Remote workers from abroad can obtain permanent residency after the fifth year. The primary condition is that they meet the requirements that are set out by Spanish government. Spanish government.

Digital nomads living in Spain will benefit from significant tax benefits under the Startup Act, namely paying non-resident income tax rates (IRNR) instead of resident income tax rates (IRPF) – this means they will only be required paying tax on a reduced amount of 15 percent on their incomes for a maximum of four years instead of paying the tax rate average of 24%.

In addition, should digital nomads decide to take along eligible family members, the tax-free regime will be extended to the spouse of the applicant and any children who are under 25 or of any age should they have disabilities.

Does anyone have a Digital Nomad Visa for Spain?

The Spanish Digital Nomad Visa is currently underway, as the government intends to launch it in 2023, to lure remote workers and digital nomads into the country.

Are there any opportunities to move to Spain as a digital nomad?

Non-European Economic Area citizens must wait for the Spanish Digital Nomad Visa to come into effect in 2023 before they can begin working from home in Spain. However, until then, they may apply for different Digital Nomad Visas, like that of the Portugal D7 Visa, and enjoy similar rights.

Can I relocate to Spain using a remote work?

EU passport holders are able to relocate to Spain with a remote job for a period that is up to six months. Non-EEA residents must keep waiting until Digital Nomad Visa Spain comes out before they can be eligible for residency in Spain and begin working remotely in Spain.

How do I obtain residence in Spain?

Golden Visa Spain is a residency-by-investment program that grants qualifying individuals renewable residency rights in Spain in exchange for a contribution to the nation’s economy, starting at a minimum of EUR500,000.