Spain: Your Gateway to Europe
Spain offers a robust legal framework for relocation, catering to professionals, entrepreneurs, investors, students, and families with diverse pathways to residency.
Immigration Pathways
- Work Permits: Non-EU nationals can secure residence through employment contracts with Spanish or multinational companies sponsoring work permits.
- Entrepreneur Visa: Entrepreneurs and self-employed individuals can apply under the Entrepreneur Visa (Ley 14/2013) or Self-Employment Authorization.
- Study Visas: Students at accredited institutions qualify for study visas, convertible to work or self-employment permits after graduation.
- Family Reunification: Spouses, minor children, and dependent parents of permit holders can join through family reunification.
- Non-Lucrative Residence: Ideal for financially independent individuals, this permit allows residence without employment.
- Digital Nomad Visa: Introduced in 2023, this visa allows remote workers employed by foreign companies to live in Spain for up to five years, subject to income and qualification criteria.
Taxation
Tax residency in Spain is determined by spending over 183 days annually or having primary economic interests in the country. Residents face worldwide taxation, while non-residents are taxed only on Spanish-sourced income. The "Beckham Law" offers a flat 24% tax rate on Spanish income (up to €600,000) for qualifying professionals for six years, exempting foreign income. Standard income tax is progressive (19%–47%), varying by region. Inheritances, gifts, and wealth taxes apply, with exemptions in regions like Madrid and Andalusia. Corporate tax is 25%, with reduced rates for startups.
Property & Investment
Spain's real estate market is attractive, with no restrictions on foreign property purchases. Transaction costs range from 10%–14%, covering VAT, transfer tax, and fees. Rental income is taxable, with deductions for residents. Capital gains on property sales are taxed progressively, with exemptions for primary residences. Popular regions like Andalusia, the Balearic Islands, and Valencia offer lifestyle and investment value.