If there is one community that does not cease to grow, that is the remote work and digital nomad one. Many professionals decide to leave their home and travel around the world with their computers, exploring country after country while carrying out their jobs online.
For that community, Spain has always been the perfect place.
Great weather, amazing food, tons of foreigners with whom to connect, and a varied landscape.
Nevertheless, legally speaking things were not that simple. And that is because there was no actual residence permit that would allow them to live in the country and work remotely.
But things are about to change, as the Spanish government has finally approved a new visa for digital nomads and remote workers that will become live in early 2023, and will become a great revolution for foreigners.
Why a new visa was required
In the past, many foreigners have had a common problem.
While it is true that some people do not intend to develop any kind of economic activity in Spain, many want to continue working for foreign companies or serving international clients while enjoying the Spanish lifestyle. I was thinking.
In these cases, non-commercial or non-commercial residency was the most appropriate option, with the drawback of not being able to engage in economic activity.
But all these foreigners will now find it very easy, as a new visa under constitutional law will legalize their situation and find the perfect way to work away from this country.
We three different profiles of foreigners who can benefit from the new residence permit.
A foreigner working from Spain in a company outside Spanish territory.
So-called digital nomads, who often move from one country to another with various online income sources.
In addition, we plan to include visas for people working in foreign companies based in Spain, including those in the audiovisual sector.
About this new permit
The first and perhaps most important benefit is the creation of a new type of residence permit specifically designed for the cases described in the previous section (although there may be more than one, subject to legal consent). You can find out all requirements for this visa here.
This means that it is much easier than ever for foreigners to obtain a residence permit in Spain, provided they meet the requirements.
You are most likely talking about a visa that gives you the opportunity to work remotely from Spain for a year, with the option of extending it for another two years while the requirements are still met.
But that is not all.
On the other hand, digital nomads who apply for visas under the new law also enjoy many tax advantages.
Because a new tax system will be created that will be very favorable to all of them. Increased flexibility of income tax payment and access for non-residents (certain taxes paid by those who do not have an economic center in Spain or stay in Spain for less than 183 days per year).
This means less taxes paid by these foreign teleworkers. With a maximum of €600,000, you only pay 15% instead of 24% (very similar to Beckham’s law).
Meanwhile, the conditions for accessing this IRNR are reduced by moving the required period of tax-free residence in the country from 10 years to 5 years. And extend the possibility of claiming this regime to 10 years (rather than just 5).
In addition, a telecommuter can apply for an IRNR deferral in the first and second years when his taxable income (excluding interest) is positive, and for the next two years, the non-resident can pay in installments.