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Spain’s Digital Nomad Visa has been approved

idealista logo idealista 4 days ago Larraín Nesbitt Abogados
Digital Nomad Visa Spain 2023 © Provided by idealista Digital Nomad Visa Spain 2023

Spain’s Digital Nomad Visa (DNV) was approved on the 23rd of December 2022. The DNV is extensive to family members i.e. spouse and children under the age of 18 years old.

It allows you to work remotely from Spain i.e. teleworking. The main advantage of a DNV is its taxation. It grants its applicants a special tax regime whereby they pay very few taxes as opposed to the standard IRPF (personal income tax) sliding scale.

Applications are now open for this visa! Please contact us if you wish to pursue a DNV. Our law firm has a track record of 100% attaining Spanish residency permits since 2013.

DNV main advantages

  • Tax breaks for the employee (DNV applicant). This is the core advantage. It basically applies a privileged non-domiciled tax scheme to visa holders that allows them to pay a flat tax rate of only 24% on the first €600,000 of gross annual earnings over a five-year period. Over and above said threshold, they are taxed at the standard top marginal rate of 47%.
  • Five-year residency permit. Initially on a one-year application, followed by two-year renewals up to a total of 5 years. The visa extends to the family of the main applicant.
  • It allows you to work in Spain remotely. Moreover, it encourages you to work in Spain, specifically remotely with your laptop (or desktop).
  • Allows you to legally override the 90/180-day rule that limits stay in Spain (and by extension in the Schengen Area/EU).
  • Tax breaks for the foreign employer (if it has an establishment in Spain).

DNV specific requirements

  • You need to prove you are hired by a foreign company. This is the core requirement. I.e. a freelance IT artist with a contract.
  • You need to prove you have formal academic qualifications (i.e. 3-year university degree).
  • You need to prove you have at least 3 years of work experience.

Staple visa requirements

  1. Non-EU national.
  2. Hire private health insurance in Spain.
  3. Clean criminal record (previous 5 years).
  4. Be self-supporting (you will not claim benefits).
  5. Not be already in Spain illegally at the time of making a visa application.

In conclusion

The Digital Nomad Visa addresses a gap for high-end professionals that wish to relocate to Spain, alone or with their families, and enjoy all the country has to offer, including ultra-low taxes, regardless of where they settle down in Spain.

In effect, you get the best of both worlds; you get to enjoy all the perks of being resident in Spain albeit you are fiscally treated as a non-resident, paying (significantly) fewer taxes.

In my book, that’s a win-win.

If you wish to pursue a Digital Nomad Visa, please contact us.

We offer this competitively priced visa service: Digital Nomad Visa

At Larrain Nesbitt Abogados we have over 20 years’ experience buying, selling, and renting properties. We are also specialized in taxation, immigration & residency visas. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88, or by completing our contact form to book an appointment.

Larraín Nesbitt Abogados, small on fees, BIG on service.

2023 © Raymundo Larraín Nesbitt. All Rights Reserved.

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