Spain’s new Digital Nomad Visa (DNV, for short) offers unique tax advantages that no other Spanish visa can match. Its main outlier - and what distinguishes it from all the other available visas - is precisely the wide array of tax benefits it offers its privileged holders (see below). The DNV has been purposely devised so successful non-EU applicants pay little to no tax in Spain.
The DNV is the first of a new generation of visas that targets a specific collective that Spain wants to incentivize and attract to move and work (remotely) in Spain.
The DNV is modelled after Beckham’s Law, enacted in 2015, and which applies to EU residents which in turn was inspired by the UK’s wildly popular non-Domiciled taxpayer scheme. I stress the DNV only applies to non-EU applicants.
It’s a legal fiction whereby a non-EU taxpayer is treated as a non-fiscal resident in Spain, but for administrative purposes, they are regarded as fully resident in Spain. The tax significance of this nuance simply cannot be understated enough and opens the door to a slew of tax benefits I collate below.
Precisely because of its (huge) tax advantages, the law time-gates it to a maximum of only five years.
Needless to say, a DNV makes you tax resident in Spain (that is precisely the whole point!).
Because of its nature (to attract talented individuals), and similar to Golden Visas, all applications are fast-tracked and streamlined. Meaning that in only three weeks you know if you’ve been accepted.
In a nutshell, the DNV is all about paying little to no tax in Spain, legally.
The Digital Nomad Visa addresses a gap for high-end professionals that wish to relocate to Spain, alone or with their families, and enjoy all the country has to offer, including ultra-low taxes, regardless of where they settle down in Spain i.e. in Mallorca.
In effect, with a DNV you get the best of both worlds; you get to enjoy all the perks of being legally resident in Spain albeit you are fiscally treated as a non-resident, paying little to no tax. In my book, that’s a win-win.
Larraín Nesbitt Abogados offer Lionsgate Capital clients improved conditions on their standard Terms & Conditions. As written above, we attain DNVs in 3 weeks.