SPAIN WILL OPEN ITS DOORS TO THE PROMOTION OF THE STARTUPS ECOSYSTEM
In order to attract talent and foreign investment to our country, to the new startups law, a set of immigration measures are incorporated to facilitate entry and residence.
The expansion of teleworking has given rise to a new way of working and lifestyle, known as digital nomadism. These people perform their work remotely with the possibility of changing their residence on a regular basis.
Spain will reflect this new lifestyle in the Stratups Law, which is expected to reflect the migration packages in the next law: Law 14/2013, of September 27, 2013, to facilitate immigration of economic interest to Spain.
In the next blog entry, we are going to focus on putting you in context and explaining the measures that this law will incorporate and the advantages it will have for Spain and for Digital Nomads.
Incorporation of a new visa: Digital Nomad Visa.
Until today, foreigners had a visa problem with regard to the remote work system, understood as teleworking.
It is true that, in most cases, foreigners do not come to our country to develop lucrative activities, but wish to continue working for the foreign company while enjoying a nomadic lifestyle.
Until now, the application for a non-profit residence permit was the most suitable option, but it has a drawback: the requested permit did not allow the person who obtained it to carry out any non-profit activity, even if it was for a foreign company.
From now on, anyone who wants to enjoy the spanish lifestyle and continue working for their foreign company will be able to do so by applying for the new «Digital Nomad» visa established
under the new Startups Law, which will allow those who are granted it to regularize their situation in Spain.
What are the benefits of the new residence/visa permit?
The purpose of establishing a new residence permit for Digital Nomads is based on achieving legal residence in Spain in a simpler and easier way.
This is a visa that will allow the person who obtains it to work remotely from Spain for 2 years, with the possibility of renewing it for 2 more years (and so on) as long as the applicant continues to meet the requirements established for obtaining it.
What are the requirements to apply for the new Digital Nomad visa?
Although the Startups law is still in the process of being published and the exact requirements that will come into force are still unknown, we can get an idea of what will be part of them:
- Be a highly qualified professional with a university graduate or postgraduate degree, with professional training or business schools or with at least 3 years of professional experience
- Prove that you are an international teleworker posted to Spain
- Proof of employment and continuous activity for 1 year with a foreign company or group of companies
- Proof that the work can be performed 100% remotely
- Prove that the company allows teleworking without any problem
- That the majority of the remuneration comes from foreign companies with a limit of 30% of proportional revenues from Spain
- In case the worker is registered as «self-employed», i.e. self-employed, it is possible that he/she may be asked for which foreign company he/she works for by means of a commercial contract with a minimum of 3 years of seniority
Other benefits that the Startaps Act will bring us:
The new Startups Law also focuses a lot on the investment of the companies, but this, we will see in our next blog post!
If you would like more information on how to obtain your Digital Nomad visa, our advisors specialized in foreigners will be happy to analyze your situation in a personalized way in order to finally obtain the requested visa.
Do you want more information? CONTACT US through the application form
Expatriation and Impatriation Area
Author: Sheila Artigas, lawyer at Expatfeliu