Spain to cut taxes for one type of expat – ‘guess I’m moving to Spain’

Brexit: British expat discusses difficulty of living in Spain

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The Spanish Government is to cut taxes for digital nomads as it aims to boost start-up culture in the country. Spain is hoping to lure more remote workers to emigrate.

Digital nomads are remote workers who are able to do their job from anywhere in the world.

The practice has become increasingly popular since the pandemic altered many businesses’ ways of working.

The new measures announced by Spain will allow foreign digital workers to use a non-resident tax status with lower rates for five years.

Spain’s economy ministry tweeted that the new laws would “attract and retain international and national talent”.

It added that the laws were intended to help “remote workers and ‘digital nomads’ set up in Spain”.

The Spanish Government is hoping to attract investors who want to support companies in the technology sector.

The number of digital nomads around the world has risen substantially since the pandemic began.

Many expats have decided to work abroad as they no longer need to visit their office to work.

Croatia passed a law in the spring of 2021 that allows non-EU foreigners to get a one-year residence visa.

Digital nomads in Croatia are also exempt from paying income tax during that time.

Georgia also created a visa to allow workers earning less than $2,000 (£1,700) a month to live in the country for a year.

Thailand, Costa Rica and Iceland are among the other countries to have introduced attractive schemes for digital nomads.

Spain’s visa scheme has already attracted attention from potential digital nomads on social media.

Tweeter Synn tweeted: “Spain is launching a digital nomad visa for 2022. It allows people working remotely to work without a work visa for a year.

“Guess I’m moving to Spain.”

Another user tweeted: “This could become awesome if it catches on.”

Spain’s tax cuts will apply to salaried and independent digital nomads who choose to work from the country.

Digital nomads will be spoilt for choice when it comes to choosing a new work location when they move to Spain.

Spain’s Costa Blanca is a favourite of British expats and was the most popular area with international property buyers in 2021.

Meanwhile, Malaga in the beautiful and sunny region of Andalucia, was recently ranked as one of the world’s friendliest cities in the InterNations Expat Insider survey.

The city was the highest ranked destination in Europe and many of the expats would recommend it to others.

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