Dreaming of living and working remotely from Valencia, Spain?
Great life quality, affordable cost of living, extraordinary temperatures the whole year + 300 days of sunshine, well connected to the rest of the world… it is no wonder that Valencia attracts many nomads and businesses from all over the world as an ideal destination.
Now it's easier than ever. As of June 2023 remote workers and freelancers form non-EU/EEA countries and working remotely for a Co. or an employer located outside of Spain, can obtain this visa to reside legally without committing to long-term residency. It offers a provisional stay of up to 1 year, which can be extended up to a maximum of 5 years.
Requirements:
- Demonstrate that the work you perform can be done remotely.
- The company you work for must be at least one year in business and be based outside Spain.
- If you are self-employed, you must be able to demonstrate that you are well established and that you have a steady flow of clients.
- You must hold a bachelor's or master's degree from a recognized university, college or business school, or have at least three years of work experience in your current professional field.
- You must be financially stable. You must be able to prove your income with employment contracts, pay slips and bank statements.
-Must have a clean criminal record.
- Not having resided in Spain in the last 5 years.
Things that are good to consider before applying to the Nomad Visa:
It is important to be aware of your tax obligations as the tax rate on your income can vary greatly from case to case. If you spend more than 183 days in Spain, you are considered a tax resident.
- As a resident working remotely in Spain, EU citizens are subject to Spanish tax legislation, including income tax and social security contributions. If you spend more than 183 days in Spain during a year, you are considered a resident for tax purposes.
- Non-residents with a digital nomad visa are subject to a tax rate of 24%, applicable up to 600,000 € per year during the first four years of stay in Spain. Income above that amount is taxed at 48%.
Spain has double taxation agreements with 90 countries. This means that if you already pay tax on your income in one of these countries, you are not subject to double taxation in Spain.
Valencia is a perfect destination for nomads and you know, if you need help, Tu Valencia is here for you.
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