Approved by the parliament in November 2022, the Digital Nomad Visa is part of Spain’s new Startup Act. This visa is aimed at attracting digital nomads, freelancers, and remote workers from around the world to live and work in Spain while enjoying its culture, climate, and lifestyle. It is expected to boost the country’s economy and create new opportunities for remote workers.
Article by Anastasia Sukhanova
It is exciting to see Spain join the likes of Italy, Greece, Croatia, and Portugal, taking full advantage of the remote work revolution and the nomad mindset.
In short, this brilliant step will allow:
- Non-EU Nationals to live and work in the country for up to 5 years
- Eligibility for a residency card, allowing free travel within the EU
- Remote work in a country with both high-speed internet and beautiful weather
- The applicant must have a continuous employment relationship of at least three months with the company they are working with. This company must also certify the job can be done remotely.
- Both self-employed freelancers with multiple clients and remote workers employed by a single company outside of Spain are eligible for the visa. Applicants are permitted to get a maximum of 20 per cent of their income from Spanish firms.
- The company or companies with which the digital nomad has a relationship must have been operating in the market for at least 1 year.
- The applicant must have graduated from a prestigious university or business school, or demonstrate previous working experience of at least 3 years.
- The applicant must demonstrate the possession of sufficient economic funds (€25,000) via salary or bank statement.
- The applicant must have private health insurance with full coverage.
- Apply: You can submit your application either online, or at a Spanish consulate. Alternatively, you can enter Spain on a tourist visa and apply within the first three months. (Download the application form here)
- Pay the visa fee: The visa fee for the digital nomad visa in Spain is typically around 60-100 Euros.
- Wait for processing: The processing time for the digital nomad visa is 20 business days
It’s important to note that the requirements and application process for the digital nomad visa in Spain may change, so be sure to check the most up-to-date information on the Spanish government’s official website.
- Flexibility: This visa allows remote workers to live and work in Spain for up to one year, and up to five years with subsequent renewals, providing greater flexibility and freedom to those who want to live and work in a new country.
- Networking opportunities: The Spainish digital nomad visa provides a great opportunity for remote workers to network with other digital nomads and entrepreneurs, potentially opening up new business opportunities.
- Cost savings: Compared to other European countries, Spain is relatively inexpensive, making it an attractive option for digital nomads looking to save money while working and living abroad.
- Improved quality of life: Spain is known for its warm climate, relaxed lifestyle, and great food, making it a popular destination for digital nomads seeking a better work-life balance.
- Close relatives, like children and spouses, can join the visa holder in the country with proof of sufficient funds.
- Tax benefits!
- Pay a flat fee of 24% on your work-related income (up to €600.000), instead of a progressive rate up to 48%
- Be considered a non-resident for tax purposes for 5 years and avoid paying wealth tax.
- Avoid the need to complete and submit the asset declaration models.
Bear in mind that you need to start the tax application process to obtain the status during the 6 months after you obtain your digital nomad visa.
Tips for living as a digital nomad
- Plan ahead: Research your destination, housing options, and costs, and make a budget for living expenses.
- Stay organized: Keep track of your finances, work schedule, and important documents, and invest in tools and software that can help you stay organized.
- Build a routine: Establish a daily routine that includes work, exercise, and leisure activities to help you maintain a healthy work-life balance.
- Stay connected: Maintain connections with friends and family back home, and also consider joining online communities or co-working spaces to meet other digital nomads.
- Be mindful of your health: Make sure you have adequate health insurance coverage and take steps to stay healthy, such as eating well, staying active, and getting enough rest.
- Respect local customs and laws: Research local customs, laws, and etiquette, and make an effort to understand and respect them while living in a new place.
- Embrace adventure: Embrace the opportunities and experiences that come with being a digital nomad, and make the most of your time in a new place.
Overall, the Spanish Digital Nomad visa offers a unique opportunity for remote workers to live and work in one of Europe’s most beautiful countries while enjoying its culture, lifestyle, and climate.