Spain to launch Global Nomad Visa in 2023

Highlights of Spain to launch Global Nomad Visa in 2023

• Spain plans to introduce a Global Nomad Visa for foreign immigrants who wish to do remote work from January 2023.
• The country is ready to encourage Start-ups to start a business that benefits emerging companies and Spain.
• As the digital nomad visa also comes under Start-up Act, the Spanish authorities plan to lessen the Corporate Tax.
• The authorities might reduce Corporate Tax up to 15% to 25% for Start-ups and digital nomads.

https://www.youtube.com/watch?v=mQxgEjvB3QY

Launch of Spain Global Nomad Visa in 2023

Spain to launch the Digital Global Nomad visa at the beginning of 2023 to support, promote and encourage the existing trend of emerging companies.

Spain is considered one of the top places to live. And to start a business the country is the best place. With the recently updated Start-up Act, Spain has eliminated the limitation on the highest number of emerging companies to establish by an individual.

Spain states that the country has the highest percentage of entrepreneurs & Serial entrepreneurs (who does multiple businesses). Encouraging start-ups like technology-based companies in the country is beneficial to achieve the best results in terms of the economy.

Looking for a Business visa in Spain? Get an expert advice from Y-Axis overseas immigration consultant.

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Right time to work in Spain. Spain to grant more work visas to reduce labour shortage

What is Spain’s Global Nomad visa?

The Spanish Authorities are planning to introduce a Nomad visa for foreigners which allows them to start work remotely from January 2023.

A foreign citizen is eligible for a Digital Global Nomad visa to visit and work remotely in Spain for companies that are situated in other countries.

The Spanish authorities stated that the Digital Nomad visa does bring notable financial contributions to the countries that have introduced visas like this.

The most famous Digital Nomad visas in Spain among European countries are Croatia, Estonia, Hungary, Latvia, and Romania.

Reduction of Corporate Tax in Spain

The Spanish authorities made new changes in the Start-up Act or law on the tax incentives or the Corporation Tax for the benefit of digital nomads and start-ups.

The Corporate tax might get reduced to 25% - 15% for both.

Willing to visit Spain? Get an expert advice from Y-Axis overseas immigration consultant

Also Read: Spain issues visas to 41,440 foreign workers in August 2022 Web Story: Spain joins the club of launching Global Nomad Visa in 2023