Spain is planning to launch its digital Nomad visa in January 2023
Spain plans to launch a digital nomad visa for international teleworkers in January 2023. The Spanish government calls it the “Startup Law” and it is being introduced to facilitate the creation and investment of start-up technology-based companies. The law also provides for the removal of bureaucratic hurdles and tax incentives to facilitate the process. The
The start-up law is expected to be passed by the Spanish parliament in early January next year.
According to recent reports, the minimum requirement is a monthly salary of €2,000 to €3,000. The Spanish House of Representatives has passed a law promoting an ecosystem for start-ups. The bill will be the first in Europe to support the entrepreneurial ecosystem.
According to a statement issued by the Spanish government, the Company Formation Law will remove bureaucracy, eliminate tax incentives and simplify procedures to facilitate the establishment and investment of emerging technology-based companies.
More on travel related laws
A digital nomad visa is a document or program that gives someone the legal right to work remotely outside their home country. According to the survey, in 2020 he identified 10.9 million US workers as digital nomads, up from 49% in 2019.
Who are called digital nomads?
Digital nomads are people living a nomadic lifestyle, working remotely using technology and the internet. They usually work for companies that allow them to work from anywhere and travel to different countries while working through the internet. They usually live in hotels or shelters and maintain a certain lifestyle for short periods of time.
About Spain’s digital nomad visa
Additionally, it supports the implementation of the digital nomad visa, which is anticipated to go into effect in January 2023.
Last month, the Spanish Parliament approved new rules for start-ups as well as digital nomads in order to reduce Corporation Tax for these categories from a total of 25 to 15 percent in the first four years of their stay in this country.
Back then, local media reports stressed that the new law would help all persons from the European Union countries that haven’t been resident in Spain in the past four years in order to benefit from a special visa that can be renewed for up to five years.
“The Startup Law is one of the major commitments of this legislature and is part of the set of reforms to improve the country’s business climate, along with the Create and Grow Law and the Bankruptcy Law, approved this year.
“It is also one of the most important milestones for this year within the Digital Spain 2026 Agenda, the roadmap for the ambitious digitization plan that the country is carrying out,” read the statement provided by Spain’s Ministry of Economic Affairs and Digital Transformation.
When should one apply for the digital nomad visa of spain?
The start-up law is due to be passed by the Spanish Senate in January 2023, but for the visa part, “additional regulations by which the draft start-up law should have been approved by the government by March 31, 2023”. will become necessary. However, it is not yet clear how long the application process will take.
Requirements for a Spain Digital Nomad Visa
To apply for a digital nomad visa in Spain, you must meet the following requirements:
Employer must be outside Spain. You must prove that you work for an employer not based in Spain.
Meet the income level set by the Spanish government. A digital nomad visa allows him to work remotely if he can prove that the minimum income is around €1,000-3,000.
Submit a residence contract. To be eligible for a Spanish Digital Nomad Visa, you must provide proof of accommodation.
Please provide information about yourself. If working remotely as a digital nomad, you must state the reason for your stay.
Collect the necessary documents. You will need to collect all the required documents for your Spanish digital nomad visa.
Visa applicants may work for foreign companies or work as consultants providing services primarily to foreign clients. A consultant cannot do more than 20% of her work for a Spanish client. To be eligible for a visa, applicants “must have a graduate or graduate degree from a reputable university or business school, or have at least three years of work experience.
What can one do after getting a digital nomad visa?
This will allow foreign workers to obtain residence and work visas to work in Spain. The initial maximum duration of her visa is one year, but applicants can apply for an extension of up to five years.
Several other countries that allows digital nomads to work on a visa
The Covid-19 pandemic has accelerated the rise of remote work, requiring only a laptop and internet connection, leading to digital nomads as well. In line with the growing popularity of hybrid or remote work, governments around the world are starting to offer digital nomad visas to professionals.Here is a list of countries outside of Spain that offer digital nomad visas.:
- The Bahamas
Contributed by Ankit raj Sharma
Edited by Imtiaz Ullah