Originally posted by oliverson
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Spain digital nomad visa
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…Maybe we ain’t that young anymore -
Originally posted by oliverson View PostSpotted this:
https://www.contractoruk.com/oversea...directors.html
The article is a bit confusing to me, unless I'm missing something. Why would you pay the minimum salary to qualify for the visa, leaving the rest in your Limited company to be taxed at what will be 25% from April 2023? Surely, you'd do the total opposite and pay no corporation tax? Also, I think the income tax rates is a flat rate at 15% irrespective of what you pay yourself.
Originally posted by oliverson View PostOne other thing not mentioned in the article is the requirement for 'full' private medical insurance, which is significant at around €300 / month, which would pretty much negate any CT increases for most contractors.
In my case, the European Residency permit was preferable to me (as a permanent resident of another EU country), so I did not investigate further.
Originally posted by oliverson View Post
Then there's the employers NI that the UK Ltd would presumably still have to make.
I wanted this digital nomad visa thing to work, seeing as I already have property out in Spain and spend several months a year over there, subject to the 90/180 day rule, which is why I launched this thread, but I just don't see it offering any financial incentive for UK Ltd contractors. Please tell me I'm wrong!
‘His body, his mind and his soul are his capital, and his task in life is to invest it favourably to make a profit of himself.’ (Erich Fromm, ‘The Sane Society’, Routledge, 1991, p.138)Comment
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The Startup-law was passed by the Spanish Senate on 12th December.
I would suspect its going to be a month or three until the U.K Consulates know how to process the new Visas.
I have started a thread in the accounting section (link below) so we can crowdsource information on options of how we can get paid.
It's early days and I don't expect much information but its down to us lot to work out how to do it.
https://forums.contractoruk.com/acco...h-payroll.html
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Originally posted by Bluenose View PostThe Startup-law was passed by the Spanish Senate on 12th December.
I would suspect its going to be a month or three until the U.K Consulates know how to process the new Visas.
I have started a thread in the accounting section (link below) so we can crowdsource information on options of how we can get paid.
It's early days and I don't expect much information but its down to us lot to work out how to do it.
https://forums.contractoruk.com/acco...h-payroll.html
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Originally posted by The Green View View Post
Still got my NEI, don't know if that will give me a leg up in the process but I'd assume it's a necessary prerequisite
You can get one when you travel to Spain.Comment
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Originally posted by Bluenose View Post
I was informed by the consulate that an NEI is not a requirement to apply for a work permit.
You can get one when you travel to Spain.Comment
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Originally posted by The Green View View Post
Still got my NEI, don't know if that will give me a leg up in the process but I'd assume it's a necessary prerequisite
A Spanish bank account is a pre-requisite to buy property in Spain, and also helpful when signing contracts (e.g. rental agreements, phone contracts) and to pay for utilities.‘His body, his mind and his soul are his capital, and his task in life is to invest it favourably to make a profit of himself.’ (Erich Fromm, ‘The Sane Society’, Routledge, 1991, p.138)Comment
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Originally posted by lecyclist View Post
Getting an NEI is useful for opening a Spanish bank account with no account fees, for example with BVVA. The online application insists additionally on residency, but turn up to a branch an and NEI will suffice.
A Spanish bank account is a pre-requisite to buy property in Spain, and also helpful when signing contracts (e.g. rental agreements, phone contracts) and to pay for utilities.Comment
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Indeed. Oops‘His body, his mind and his soul are his capital, and his task in life is to invest it favourably to make a profit of himself.’ (Erich Fromm, ‘The Sane Society’, Routledge, 1991, p.138)Comment
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Originally posted by lecyclist View Post
Getting an NEI is useful for opening a Spanish bank account with no account fees, for example with BVVA. The online application insists additionally on residency, but turn up to a branch an and NEI will suffice.
A Spanish bank account is a pre-requisite to buy property in Spain, and also helpful when signing contracts (e.g. rental agreements, phone contracts) and to pay for utilities.Comment
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