Spain digital nomad visa

[oliverson]

This is very interesting, especially to me as I already have a property in Spain:

https://www.euronews.com/travel/2022...ay-for-5-years

The law hasn't been passed yet (early 2023 supposedly) and I'd need to see the detail but the thought of paying a flat rate of 15% tax, compared to 25% corp. tax + 8.5% dividend tax is very appealing. I'm not paying for a bunch of covid support I didn't receive.

Thoughts?

[Protagoras]

This is very interesting, especially to me as I already have a property in Spain:

https://www.euronews.com/travel/2022...ay-for-5-years

The law hasn't been passed yet (early 2023 supposedly) and I'd need to see the detail but the thought of paying a flat rate of 15% tax, compared to 25% corp. tax + 8.5% dividend tax is very appealing. I'm not paying for a bunch of covid support I didn't receive.

Thoughts?

+1

Covid support should have been loan based, repayable over the long term only by those who received the support.

Lets's hope that this Visa arrangement gets approved soon.

[ladymuck]

Now if Portugal did similar...

I do like Spain but I like Portugal more.

[jamesbrown]

Now if Portugal did similar...

I do like Spain but I like Portugal more.

I think they do, or were in the process of introducing one earlier this year?

[oliverson]

+1

Covid support should have been loan based, repayable over the long term only by those who received the support.

Lets's hope that this Visa arrangement gets approved soon.

https://www.thelocal.es/20221104/bre...tal-nomad-law/

[ladymuck]

I think they do, or were in the process of introducing one earlier this year?

Maybe. I will have to have a rummage

EDIT: Looks like there's a D7 visa which could work (US-centric site)
https://citizenremote.com/visas/portugal/

[Unix]

This is very interesting, especially to me as I already have a property in Spain:

https://www.euronews.com/travel/2022...ay-for-5-years

The law hasn't been passed yet (early 2023 supposedly) and I'd need to see the detail but the thought of paying a flat rate of 15% tax, compared to 25% corp. tax + 8.5% dividend tax is very appealing. I'm not paying for a bunch of covid support I didn't receive.

Thoughts?

If it's passed i'll be packing my bags.

[Unix]

Maybe. I will have to have a rummage

EDIT: Looks like there's a D7 visa which could work (US-centric site)
https://citizenremote.com/visas/portugal/

Portugal have one as well https://www.euronews.com/travel/2022...-this-new-visa

[jamesbrown]

Portugal have one as well https://www.euronews.com/travel/2022...-this-new-visa

Yes, that's the one I was thinking of, I recall seeing it in the news.

I think there's also a lower rate of income tax and social security contributions tied to it.

[SimonMac]

Devil will be in the detail, if you are UK ltd company I'd guess you would still need to pay UK Corp Tax, Dividends might be different though but I'd guess you'd have to break all ties with the UK. If you have a sociedad limitada would a UK agent work with you?