NHR General Info.

Requirments in order to be able to apply for it below

What is the application deadline?

This regime must be requested within 6 months after your registration in the Spanish social security or since the start date indicated in the certificate of coverage as an employee, self-employed or as a director (with no extensions).

You would only be taxed on your world-wide employment income and on your Spanish-sourced remaining income, at a flat rate of 24% for up to 600.000 Euros and the exceeding at 47%. Only Spanish capital gains, interests and dividends are taxed from 19 to 28%. Foreign properties and invesments will not be taxable in Spain. This Special Expatriate Tax Regime lasts for the first year that you are a Spanish Tax Resident and the following 5 years, as long as you keep working in Spain under one of the situations we will explain later on.

pecial Tax Regime (Beckham Law)

Wealth Tax

It may apply if your net wealth is over certain thresholds. Every Autonomous region has a different one (Catalonia and Valencia 500.000 Euros, Balearic Islands 700.000 Euros, Madrid and Andalucia is Wealth Tax free, etc.).

Informative Form on assets and rights abroad (Form 720)

Avoid being taxed twice

If you perceive income from abroad, that also pays taxes abroad, you can avoid paying taxes twice by applying a tax credit, according to the Double Tax Treaty.

You will be taxed on your worldwide income

• Employment income, freelancing income, pensions and property income are taxed at a progressive rate, that can go up to 50% in certain regions.

• Savings income (interest, dividends and capital gains, among others) are taxed at a progressive rate that goes from 19% to 28%.

It is mandatory to file this form if the aggregated value of all the foreign assets and rights in one of the following groups is over 50.000 Euros: - Bank accounts located, - Real Estate located outside of Spain,- Investments, shares and live insurances (non disposed 401KS, IRAs are excluded).

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What is it?

What you have to know

Non-Habitual Resident Regime

3. That the individual does not obtain income which would be classified as being obtained through a permanent establishment situated in Spanish territory, except in the last 2 cases.

Please note that the Beckham rules allow people to come to Spain to work remotely for a non-resident entity and apply for the Beckham law are really new and self-employed ONLY can apply in a few cases if some requirements are met. However, please note that we are still waiting for further development of the law by the government explaining the requirements in-depth.

Perform an economic activity that involves providing services to startups located in Spain or carrying out activities of training, research, development or innovation for which it receives over 40% of the total income from work and economic activity

HIGHLY QUALIFIED PROFESSIONALS

Perform an entrepreneurial activity that is innovative or of special economic interest and obtains a favorable report from the relevant Spanish authority.

ENTREPRENEURS

Being appointed as director of a Spanish company in which you must hold less than 25% of its share capital, directly or indirectly, in case it is a passive company.

DIRECTORS

- A new employment contract with a Spanish company. - A relocation from your current non-resident company into a Spanish subsidiary / branch (international assignment). - Working remotely as an employee for a non-resident company through the exclusive use of a computer and IT systems.

EMPLOYEES

1. That you have not been a Spanish Tax Resident during the last five years previous to the year of your arrival in Spanish territory. 2. That moving to Spain as a consequence of one of the following:

eneral requirements to apply for the Beckham law

Please note that the obtention of a digital nomad visa does NOT allow you to benefit from the Beckham Law regime automatically.

What you have to know

Spanish TAX RULES

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