Spain has announced the official approval of a new digital nomad visa for remote workers. This action is intended to attract a large number of international talent to the country. The minimum monthly salary for this visa is between €2,000 and €3,000.
The Spanish Parliament approved changes in November to reduce Corporation Tax for start-ups and digital nomads from 25% to 15% for the first four years of their stay in Spain.
This announcement was made by the Spanish government as part of the Start-Up Act, which was set to be passed in January of this year.
Aim of the Digital Nomad Visa in Spain
As part of the Start-Up Act, the Startup Law aims to remove bureaucratic barriers and provide tax incentives to facilitate procedures in order to encourage the formation and investment in emerging technology-based companies.
The Startup Law is one of the major commitments of this legislation and part of the reforms to improve the country’s business climate, according to Spain’s Ministry of Economic Affairs and Digital Transformation.
Remote Work is on the Rise Due to the Pandemic
The spread of the Coronavirus and its new variants has prompted many people to consider remote work.
According to a survey conducted by Two Tickets to Anywhere, there are approximately 35 million digital nomads worldwide, with the United States being the most popular destination for remote work. However, Digital Nomad Visas in European countries are also among the most popular in the world.
Digital Nomad Visas in Other European Countries
In addition to Spain, several European countries, including Iceland, Latvia, Hungary, Greece, Malta, Croatia, and Estonia, provide internationals with the opportunity to live and work remotely for companies based elsewhere.
Through the Digital Nomad Visa, these countries attract the greatest number of foreign citizens interested in remote work.
In conclusion, foreigners drawn to remote work are now eligible to travel to Spain and legally work for clients and companies located outside of the country with the official opening of applications for Spain’s Digital Nomad Visa.
Follow and connect with us on Facebook, Twitter, Linkedin, Instagram and Google News for the latest travel news and updates!