Commonly referred to as ‘digital nomads‘ are workers who telecommute from anywhere in the world. It is to this group of workers that Law 28/2022, of 21st December, on the promotion of the ecosystem of emerging companies – known as the Startups Law – refers to, which, among other matters, regulates the new visa in Spain for these professionals.
Specifically, the Digital Nomad Visa will allow workers and professionals from third countries (Non-EU) who telecommute to reside in Spain, and it can be applied for by: employees who work for a company not located in Spain that allows them to travel and work remotely from another country; and self-employed professionals who work for companies located outside Spain (at least 80 %) and can accredit their working qualifications.
In addition, applicants must meet the following requirements to obtain this visa:
- Companies that have an employment or professional relationship with the applicant must prove that they have been in existence for at least one year and that they are located outside Spain.
- Applicants working or providing services in the aforementioned companies must demonstrate that they have worked for them for at least three months prior to the application, and that they are authorised to telecommute and reside in Spain.
- In addition, professionals providing services must have a university degree, vocational training or at least three years’ experience on the job.
- For both workers and professionals: No criminal record, private medical insurance, and proof of sufficient financial means in the amount of €29,000 per person (+ €7,200 for each additional family member) by the year 2023.
The Digital Nomad Visa offers the following advantages to its holders:
- It can be applied for from the home country, or directly from Spain.
- The deadline for a decision is only 20 days and in the absence of a response, it will be understood to have been granted.
- Allows residence for three years, with the possibility of extension to five years, and counts towards possible future permanent residence.
- Allows unrestricted mobility throughout the EU.
- Great tax benefit as it allows the holder to make use of a special regime whereby, in the event that the worker or professional has not resided in Spain for the last five years (instead of 10, as established by the general rule); taxes will be paid at a rate of 24 % on the total income, instead of a progressive rate that can reach up to 47 %. In addition, nomad visa holders will be able to defer tax payments for the first two years without paying interest.