Lusting after tranquil evenings filled with devouring fragrant paella and dipping your toes in the Mediterranean after finishing your work for the day? Then, listen up. Spain has changed the game with its new law designed to benefit digital nomads and remote workers wanting to reside in the European hotspot.
The new digital nomad visa will provide: * Year-long visa to stay in the country. * Extendable to 2 years by applying for a residence authorization.
* Residence authorization can be extended for a further 5 years, giving you a total of 7 years in Spain. * Investors, startups & remote workers can also benefit from a reduced tax rate, so long as they spend no more than 183 days in the country per year.
While no more official details have been announced as of yet... It is expected that this minimum threshold will be around €2,000 per month, which will make it one of the best digital nomad visas in Europe.
* Estonia – €3,504/month * Portugal – €2,836/month * Croatia – €2,363/month * Malta – €2,700/month * Czech Republic – €5,727/year * Hungary – €2,000/ month * Greece – €3,500/month after tax * Norway – €35,000/year
These changes to Spanish law have been long awaited and are due to come into effect from January 1st, 2023. However, only non-EU residents will benefit from these terms.
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