Digital Nomad Visa (tax-free visa)
Immigration & Residency
The Digital Nomad Visa was approved in Spain on the 23rd of December 2022. It is popularly known as the 'tax-free visa', because applicants don't pay any taxes on their income and assets abroad.
It allows you to work remotely from Spain.
The main advantage of a DNV is that it grants its applicants a special tax regime whereby they pay very few taxes in Spain as opposed to the standard IRPF (personal income tax) sliding scale. Succesful applicants pay no tax for assets or income held abroad Spain.
The DNV is extensive to family members i.e. spouse and children under the age of 18 years old.
Applications are now open for this visa. Please contact us to get the ball rolling.
Our law firm has a track record of 100% attaining Spanish residency permits since 2013.
Main advantages
- 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.
- 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)
- 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.
Requirements
- Non-EU national i.e. British
- You need to prove you are hired by a foreign company. This is the core requirement.
- You need to prove you have formal academic qualifications i.e. a university degree, business school or professional qualification.
- You need to prove you have at least 3 years of work experience.
- Not to have resided in Spain during the previous 5 years.
- Not to obtain income from a permanent establishment in Spain.
Fees: on application
We will be very pleased to discuss your matter with you. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on our UK line UK: (+44) 07543 838 218, or Spanish line (+34) 952 19 22 88, or by completing our contact form to book an appointment.
Related articles
Back