New digital nomad visa in Spain: learn how it works

Tendencias

New digital nomad visa in Spain: learn how it works

March 22 / 2022

In just a few short years, Europe has become a prized destination for digital nomads. Attractive environments and optimal connectivity constitute the ideal enticement for qualified professionals and entrepreneurs from a variety of backgrounds.

Countries such as Germany, Norway, Iceland or Portugal have special visas for this type of profile, thus facilitating their transfer and stay in the chosen locations. In December 2021, the Spanish Council of Ministers approved the referral to the Cortes of the Start-up Law. The visa for digital nomads in Spain is one of its most interesting sections.

The Draft law also includes a series of benefits for entrepreneurs, such as tax improvements, flexibility of procedures and removal of bureaucratic obstacles. Its objective: attract talent and investment, support technology-based startups and facilitate the residence of digital nomads.

Numerous non-community remote workers have been interested in this initiative. Spain is among their main preferences in terms of a country from which to work and reside temporarily.

Are you thinking of coming to telework in Spain? Do you want learn more about this type of visa? At Cloudworks we bring you up to date.

Digital nomad visa in Spain


Streamlining of visa processing


The future law will speed up the processing of visas for those digital nomads who
come to Spain to work in national start-ups, work as freelancers or are digital
entrepreneurs.

Favourable taxation


Holders of the digital nomad visa will have a specific tax regime. As a result, they
will enjoy fiscal benefits of a lower tax rate.
Improves the tax regime for Non-Resident Income Tax applicable to:

  1. Start-up managers and employees.
  2. Investors.
  3. Digital nomads (qualified professionals who temporarily work remotely on
    Spanish territory).
  4. Relatives of the three previous types. Everyone is entitled to access a special
    visa for up to five years.

Returning Spanish emigrants

The advantages of the Start-up Law are also applicable to those Spaniards who
have not resided in Spain for at least five years. In this case, the advantage of the
digital nomad visa is extended from five to ten years, and their relatives can also
enjoy it.

Advantages for entrepreneurs of the Draft Law

The planned improvements seek to simplify the bureaucratic procedures that start-
ups often have to go through. These are some of the measures proposed:

Creation of a start-up in six hours. Digital registration and standard statutes that
allow the company to be incorporated in six hours. Swift management aims to
facilitate the increase in investment in Spain.


Elimination of double listing. For three years, entrepreneurs who work at the
same time as an employee will not have to contribute twice to Social Security.


Elimination of instalment payments in Corporate and Non-Residents Taxes.

The first 100,000 euros of investment in a start-up will be exempt from
taxes.
Both for the investor and for the entrepreneur. In the first five years of
business, the start-up will have a 50% investment deduction. In case of a
biotechnology company, the deduction is extended to seven years.

Serial entrepreneur. The same entrepreneur will have the right to enjoy benefits
in up to three business projects in which they participate simultaneously or
consecutively.


Investors not resident in Spain must only have a Tax Identification Number (NIF).
Therefore, it will not be necessary to obtain a NIE to make a one-off investment.

Digital nomad visa in Spain and its entry into force


The Government hopes that, after parliamentary processing, the final approval of
the law and its entry into force will take place this summer of 2022. If expectations
are met, the digital nomad visa will soon become a reality.


Undoubtedly, it’s fantastic news for those highly qualified non-EU professionals
interested in combining their work with immersive tourism in Spain.

National Host Village Network for Teleworking


The interest in facilitating mobility and capturing the talent of qualified
professionals who work remotely favours the launch of attractive proposals. One of
them has emerged in Spain. This is the National Host Village Network for
Teleworking.


The project, promoted by the Red Eléctrica Group, El Hueco and the Booking
platform as support, tries to attract digital nomads to the so-called empty Spain.


A good connectivity, coworking spaces or public transport connections are part of
the services offered by the thirty municipalities that make up the network so far.
The immersion in the life of the town also has the support of a host. A kind of host
that serves as a contact and guide for digital nomads.


The sojourns in the municipalities can be short, medium or long term. Whichever
option is chosen, the presence of the new neighbours helps boost the local
economy and the cultural exchange.

The digital nomad visa in Spain is going to mark a positive turn for many foreign
professionals. A whole world of opportunities in a new work environment
designed to meet the personal and professional expectations of working people.


As a digital nomad who chooses big cities, at Cloudworks you can enjoy
coworking workspaces according to your needs, both in Madrid and Barcelona.
Well-connected locations with flexible access plans.


You only have to contact us and we will open up a world teeming with possibility
so you can have an enjoyable and rewarding work experience in Spain.