The Spanish government has launched a digital nomad visa. The new visa, which is part of the Startup Act and aims to promote entrepreneurship in Spain, will allow remote workers and freelancers from non-EU/EEA countries to work and live in Spain. The new visa is valid for 12 months in the first instance, and can be renewed indefinitely. It also allows the applicant to bring family members with them. Applicants must prove that they have a minimum income of €2,160 per month, or higher if they will be bringing children or a partner with them.
To qualify for the new visa, an applicant must be able to demonstrate that they are a remote worker or freelancer who can complete their work remotely from Spain with a reliable internet connection. They must have specific expertise in their field, which can be demonstrated through a university degree, professional certifications or relevant work experience. They must also have sufficient financial resources to support themselves while living in Spain, including a deposit account, a credit card and private health insurance. In addition, the applicant must not have any criminal record and must be in good health.
The new visa offers several advantages for foreign digital nomads. In addition to the favorable income requirements, it is easier to obtain and renew. It also does not require the holder to find a job in Spain, making it a great choice for those who want to enjoy the lifestyle while working remotely.
In addition, the visa holder is exempt from paying tax on their income while they are in Spain. This is a big advantage for digital nomads who have a high income or own businesses, as they would otherwise be subject to a progressive tax rate of 24%.
As the global economy continues to evolve, more and more people are becoming digital nomads, or those who travel for their work and live a nomadic lifestyle. This is a trend that has not gone unnoticed by the Spanish government, which recently introduced its first major digital nomad visa to attract these individuals to the country.
While the digital nomad visa is a positive development for Spain, some locals are concerned that it will raise housing prices and lead to an oversupply of rental properties. In addition, they may be worried that the influx of digital nomads will create an imbalance in the labor market and push down wages for local workers. Despite these concerns, the new visa is expected to have a significant impact on Spain’s economy and help attract talented international digital nomads. The Spanish government is aiming to become one of the world’s leading destinations for remote work and a hub for innovation. In addition to the new digital nomad visa, the country has invested in a number of other initiatives to encourage entrepreneurship and increase investment. digital nomad visa spain