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Spain Launches New Digital Nomad Visa For Remote Workers

Spain has recently introduced a digital nomad visa for remote workers looking to live and work in the country for an extended period of time. This new visa program offers a range of benefits for digital nomads and Spain, as it brings in skilled, tax-paying workers who contribute to the local economy. However, it may also pose challenges for employers who have remote workers spread around the world.

 

As more and more Americans opt to work remotely, a growing number are considering the nomadic lifestyle and becoming digital nomads. A recent study by consultancy MBO partners found that 25 million Americans plan on becoming digital nomads within the next three years, with an additional 48 million considering the possibility. While many may dream of the freedom and flexibility that comes with this lifestyle, only 8-11% are expected to actually follow through and become nomadic. Despite this, an increasing number of countries are trying to attract digital nomads by offering special visas that allow them to legally live and work in the country for an extended period of time.

Spain is the latest country to join this trend, with the launch of their digital nomad visa this month. The visa allows digital workers to live and work in Spain for up to a year, as long as they meet a minimum monthly income requirement (which has yet to be announced but is expected to be around €2,000 or $2,120 per month) and make at least 80% of their income from companies outside of Spain. If all goes well and the individual enjoys their time in Spain, they can renew the visa up to five times. After that, they may be eligible for permanent residency.

This new visa program is not only beneficial for digital nomads, as Spain is generally cheaper than other Western European countries and was voted as the top city for ex-pats to live and work abroad in 2022 according to an InterNations survey. It also offers a number of benefits for Spain, as it brings in skilled, tax-paying workers who contribute to the local economy. However, it may not be as appealing for employers, as having remote workers spread around the world can create tax and legal challenges.

While the digital nomad lifestyle may not be for everyone, it is becoming an increasingly viable option for those who are looking for a change of pace and the freedom to work and travel at the same time. With more and more countries offering special visas for digital nomads, it’s worth considering for those who are ready for an adventure and the opportunity to live and work abroad.

 

 

 

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