Winkworth Spain Real Estate Blog

Introducing the New Digital Nomad Visa in Spain

Ever since the United Kingdom’s departure from the European Union in 2020, British citizens, as well as other non-EU citizens seeking to relocate to Spain have faced increasing challenges in the process. Navigating the various visa options has become a complex task. But we can now share some good news!

Spain has recently introduced an innovative solution called the Digital Nomad Visa, designed specifically for non-EU citizens who wish to live and work remotely in Spain. This new residence permit opens up exciting opportunities for individuals seeking a flexible lifestyle and offers a reasonably quicker route to residency in Spain. If you’re curious to learn more about this fantastic residency option, keep reading!

What is the Digital Nomad Visa?

The Digital Nomad Visa is a residence permit that allows individuals to live and work remotely in Spain for an extended period, up to 5 years. Created by the Spanish government, this visa aims to attract foreign investment, talent, and foster entrepreneurship in the country. Unlike other visas, such as the Non-Lucrative Visa (NLV), the Digital Nomad Visa grants the freedom to engage in work and economic activities for those working remotely for companies based outside of Spain.

Why should I choose the Digital Nomad Visa route?

The Digital Nomad Visa offers several significant advantages that make it an appealing choice for aspiring digital nomads. Firstly, the application process is relatively straightforward and efficient, particularly in comparison to other visa options. With the Digital Nomad Visa, applicants can choose to apply either from within Spain on a tourist visa or from their home country. Additionally, the visa application extends to include the applicant’s spouse and children, enabling the entire family to relocate to Spain and enjoy the freedom to travel within the EU.

Are there tax benefits to the Digital Nomad Visa?

Another enticing feature of the Digital Nomad Visa is the favourable tax regime. Visa holders can take advantage of the Non-Resident Income Tax Regime, which offers a reduced tax rate. This tax benefit is applicable for a period of 5 years from obtaining the Digital Nomad Visa. After this period of time is up, visa holders will transition to the general tax scheme.

Requirements of the Digital Nomad Visa

There are 2 main types of remote worker that the Digital Nomad Visa might be helpful for:

  1. Employees of companies that allow remote work from different countries.
  2. Self-employed individuals (freelancers) with multiple sources of income worldwide.

To apply for the Digital Nomad Visa, applicants must meet the following conditions:

  • The applicant’s employer must be based outside of Spain.
  • Spanish companies cannot account for more than 20% of the applicant’s total worldwide income.
  • Employees must have been working for their current company or clients for at least 3 months preceding the application and maintain a contract with the same company or client for at least 1 year.
  • The primary applicant must have a minimum of €25,000 in their bank account, with an additional €9,441 for each family member. They must also demonstrate a stable monthly income.
  • Private health insurance with coverage throughout Spain is required.
  • A clean criminal record must be provided.

How to Apply for the Digital Nomad Visa

If you’re interested in applying for the Digital Nomad Visa and making Spain your new home, you can choose to apply directly at a Spanish consulate in your home country or enter Spain on a tourist visa and apply within 3 months of your arrival. For further information and detailed guidelines, please visit the official website of the Spanish government.

Embark on an Exciting Journey as a Digital Nomad in Spain

With the introduction of the Digital Nomad Visa, Spain has paved the way for individuals seeking a fulfilling work-life balance in a vibrant European country. This new residence permit provides the freedom to live and work remotely, along with numerous benefits and a streamlined application process. Don’t miss out on this incredible opportunity to embark on an exciting journey as a digital nomad in Spain!

Buying a property in Spain

If you’re ready to turn your digital nomad dreams into reality and find your dream property on the Costa del Sol, then look no further than Winkworth. Our expertise and in-depth knowledge of the local market is unrivalled, and our team are dedicated to finding you the perfect property that you’ve been dreaming of.

At Winkworth, we understand that finding the right property isn’t just a significant life decision, it’s also incredibly personal. We believe in building strong and lasting relationships with our clients, so we take the time to understand your personal requirements and preferences, in order for us to curate a fantastic selection of potential properties.

We operate across a wide area of the Costa del Sol, from our head offices in Guadalmina, our extensive property portfolio includes properties in Estepona, Marbella, San Pedro de Alcántara, Benahavís, Sotogrande and many more areas in and around the coast.

Whether you’re already in Spain, or if you’re starting your property search from the UK and beyond, we’re on hand to help out from the very beginning. Contact our friendly team today to get the ball rolling!