Spain has just joined a few European nations in capitalising on the remote work trend by launching an official visa for digital nomads. This telework visa spain is intended to give non-EU workers the opportunity to live and work in Spain for a minimum of a year, and it will also provide a number of tax advantages.
The telework visa spain is the latest in a series of initiatives from Spain designed to attract foreign talent and innovation. Alongside the entrepreneur visa, golden visa, and others, it is part of the country’s efforts to revitalize the Spanish economy through international investment.
Unlike the other visas, which focus on entrepreneurs and high net worth individuals, this permit will be aimed directly at employees. The government believes that attracting employees who can generate employment will allow the country to fight back against its growing deficit.
To be eligible for the telework visa, foreigners must have been working remotely for at least a year and must have a contract with their employer outside of Spain. This will apply to both full-time employees and self-employed freelancers. Applicants will also need to demonstrate that they have enough income to support themselves during their stay in the country, with the requirement most likely being two times the national minimum wage.
Another benefit is that the telework visa will grant holders a temporary residence permit for up to three years, which can be renewed for additional two-year periods. Holders will be able to travel around the Schengen area without a visa, and they can even work in other EU countries that have an agreement with Spain for this purpose. They will have to prove that they have a private health insurance plan in their home country and that they have a bank certificate showing that they have sufficient funds to cover their expenses during their time in the country.
Finally, the telework visa will offer its holders a special tax regime that is significantly more beneficial than what would otherwise be available to residents. Specifically, it will allow them to pay taxes at the rate of non-resident income tax, which is significantly lower than the general resident rate.
In conclusion, the telework visa is set to become an extremely attractive option for foreign workers looking to relocate to Spain. It will not only allow them to live and work in a beautiful and sunny city like Madrid, Barcelona, or Valencia but it will also give them a major tax advantage. As long as they meet the requirements, they will be able to live and work here for up to five years, with close family members such as spouses or children being able to join them.
If you need help obtaining your visa for Spain, get in touch with us today. We are a leading immigration consultancy, and we can guide you through the process from start to finish. To begin, simply complete our free online assessment form.