As British citizens are well aware, moving to Spain post-Brexit has required a visa, whose conditions are often expensive or challenging to fulfil. However, the recent approval of the Spanish startup law has transformed the scenario with the introduction of the Digital Nomad Visa (DNV). As a result, British citizens now find themselves in front of an open door to easier living in Spain.
“We believe this new option included in the startup law is a real game-changer,” says Soukaina Dlaima at Del Canto Chambers. “Not only do third-country nationals such as the British and Americans have access to an easy visa, but they can also benefit from substantial tax benefits.
As its name implies, the DNV is intended for remote workers. In this case, those who work for companies mostly outside Spain. Its main characteristics are as follows:
As well as allowing third-country nationals to live in Spain while they work remotely, the DNV also comes with substantial tax benefits. In a nutshell, it permits the visa holder to take advantage of the so-called Beckham Rule. Specifically, beneficiaries of the digital nomad visa have the following tax perks:
“We believe the digital nomad visa is an excellent option for a remote worker earning €20,000 to €600,000 a year in Spain,” says Dlaima. She adds that it’s also an excellent option for anyone with employment income between €20,000 and €600,000 in Spain, coupled with substantial assets and income outside of Spain
The new visa option undoubtedly opens the door to British nationals looking to move to Spain, but, before you rush to fill in your application, we’d advise careful consideration of the following:
We would advise legal counsel on the above to ensure your financial interests are protected at all times.
And last but not least, while moving to Spain is a dream for many, a relocation has significant implications. Don’t forget to consider health insurance, schools, language and lifestyle factors, plus of course, where you might want to buy a property to live in Spain.
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