Key points
- New laws passed by the Spanish parliament bring new tax incentives to relocate to Spain and the Spanish digital nomad visa (DNV).
- The DNV makes the so-called Beckham rule widely available to UK employees directors and entrepreneurs moving to Spain.
- It offers a unique tax position for expats like the non-dom in the UK excluding from Spanish tax all worldwide income gains and wealth tax over six years.
In our last article in Taxation (‘Amor España’ 11 November 2021) we discussed how UK taxpayers working remotely in Spain (or UK companies trying to relocate to Spain) had traditionally faced four critical issues.
The new Spanish ‘startups law’ tries to facilitate investment immigration and tax residence in Spain by addressing some of those issues:
1) The post-Brexit Schengen rules limit the stay for UK nationals to 90 days within any...