Explained – Spain’s Digital Nomad Visa – Opportunities, Residency and Success Stories
Have you ever dreamed of swapping your office for the sunny beaches of the Costa Blanca or the vibrant streets of Marbella, all while continuing your professional endeavours? Spain’s Digital Nomad Visa offers just that – a gateway to living and working in one of the world’s most sought-after destinations. This comprehensive guide, inspired by our recent webinar, delves into everything you need to know about making this dream a reality.
Understanding Spanish Residency
Spanish residency might sound straightforward, but it’s a pivotal factor for anyone looking to make Spain their long-term base. Essentially, you’re considered a resident if:
– You spend over 183 days in Spain within a calendar year.
– Your main economic activity or business interests are based in Spain.
– Your spouse and minors are financially dependent and habitually reside in Spain.
Find out more about the 90 requirements in our earlier blog
The Digital Nomad Visa vs. Tourist Visa
The allure of Spain isn’t new, but how you plan to enjoy your stay defines the type of visa you’ll need. Unlike the tourist visa that allows non-European/British citizens a 90-day stay, the Digital Nomad Visa is designed for those looking to reside and potentially work in Spain for longer periods. It’s a game-changer for non-EU citizens who’ve longed to merge their professional life with the unmatched lifestyle Spain offers.
Detailed Look at Law 28/2022 – Article 74
Introduced in December 2022, Law 28/2022 opens the door for various professionals to apply for Spain’s coveted Digital Nomad Visa. To qualify, applicants must meet specific financial thresholds, ensuring they can support themselves during their stay. Additionally, access to healthcare, either through private insurance or the public system, is mandatory, safeguarding both the nomad and the nation’s interests.
The Beckham Scheme Explained
Named after the famous footballer David Beckham, this tax scheme offers an attractive proposition for expats, including Digital Nomad Visa holders. It allows for a significant reduction in tax rates, under certain conditions, making Spain even more appealing to international professionals and entrepreneurs.
Real-Life Success Stories
To illustrate the visa’s potential, we delved into some success stories:
Directors of UK Limited Companies:
Learn how directors and PSCs navigate the application process, leveraging their business operations to meet the visa’s requirements.
Employees of a UK Company:
Discover how being employed by a non-EU company, with a regular income evidenced by payslips, can smooth the path to obtaining the visa.
Freelancers face unique challenges and opportunities. This section explores how contracts and invoices are critical in demonstrating economic activity in Spain.
How to Prepare for Your Digital Nomad Visa Application
Embarking on the application journey requires preparation and understanding. This section will provide a step-by-step guide on gathering documents, meeting financial prerequisites, and securing healthcare coverage, setting you up for a successful application.
Spain’s Digital Nomad Visa opens up a world of possibilities for remote workers and entrepreneurs worldwide. With careful planning and the right information, the dream of working from Spain’s picturesque locales can become your reality.
Were you inspired by the success stories and detailed insights into Spain’s Digital Nomad Visa? Dive deeper by watching the full webinar and start planning your Spanish adventure today. Contact our specialist Visa and Tax team and arrange your first consultation to obtaining a Visa which is right for you.