BLOG POST WRITTEN BY SCORNIK GERSTEIN LLP
On 6th July 2021, the Spanish Government published a new draft bill known as the Start-up Law to encourage entrepreneurs and digital nomads to relocate to Spain by offering tax cuts and a new visa category for non-EU citizens.
SPANISH START-UP LAW (also know as) DIGITAL NOMAD VISA VS NON LUCRATIVE VISA
Currently many Non-Eu residents and therefore Britons, who wish to permanently reside in Spain, apply to the Spanish Non Lucrative visa, suitable for those who have passive income, savings or pensions available since this type of visa does not allow the applicant to perform an economic activity.
The new Digital Nomad Visa, will however allow them to work under the following conditions:
- Be Non-European Economic Area (EEA) citizens
- Be able to show that his professional services or work is suitable to be carried out remotely
- If employed, only by a non-Spanish resident company for at least the last 3 months and which has been trading for more than 1 year
- If self-employed, be able to show that has been providing their services for at least the last 3 months, to non-Spanish clients and up to a maximum of 20% of his activity to Spanish resident clients.
- Have a University or professional or business training degree or more than 3 years of professional experience
The Spanish Start-up Law visa will last for a year or 2 years if the applicant is already residing in Spain and can be renewed if the above conditions are maintained.
WHEN WILL BE POSSIBLE TO APPLY FOR THE NEW SPANISH DIGITAL NOMAD VISA?
The Start-Up law and accordingly, its new “Digital Nomad” visa category is currently in its draft format, submitted by the government for debate to the Senate on 6th July 2021. If approved, it is expected to be in force by the end of the year / beginning of next year.
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