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FURTHER UPDATES on Tourism Rental Licences in VALENCIA + Golden Visas | Pellicer & Heredia
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Oct 29, 2024
On their return from the summer break, Ignacio and Pedro from @Pellicerheredia sat in with Kal this week, with important news and updates for anyone renting out a property in the VALENCIA Region. Some significant changes in the law regarding Tourist Licences were quietly brought in at the beginning of August and came into effect immediately. There's also a growing number of Costa Blanca towns that have suspended the issuing of new Tourist Licences for a period of time...some up to two years. This was followed up by their first Webinar of the season, which took a further look at this subject and you can watch this back in the LiveTV section of the website: alicantelawyers.es Be sure to Like 👍 this and Subscribe to our channel if you found it useful. You can see more at www.alicantelawyers.es, where you can also watch back some of the previous webinars. Website: http://www.bayradio.fm/ Mobile App: https://app.appinstitute.com/yddcc Facebook: https://www.facebook.com/BayRadioInSpain Twitter: https://twitter.com/bayradioinspain Instagram: https://www.instagram.com/bayradiospain/
View Video Transcript
0:00
so with us this afternoon it is our alakan La P there and Heredia welcome
0:05
back gentlemen Pedro and ignio are here hope you had a good summer thank you very much yeah I mean I we are a bit
0:13
depressed because the summer went off so quickly it's was a really good summer
0:18
yeah it was great some quite busy um action going on on the housing front
0:24
over the period we spoke to Antonio a couple of weeks ago and he said it was almost unheard of for him to be visiting
0:30
the notary at least three times in August but um that shows that everything's been quite busy and that's
0:35
a positive thing uh for Spain of course the new law on tourist licenses in the
0:41
valencian community kind of took people a little bit by surprise because it kind of w came in from one day to the next
0:46
perhaps you can recap and explain a little bit more about that because you're going to be dealing with this on the webinar later at halfast 5 aren't
0:52
you on your website sure uh actually uh yeah it was kind of kind of a shock but
0:59
uh it was was coming because there was a lot of going on a lot of fraud a lot of
1:05
uh illegal uh renting a lot of prices going up uh it was buming yeah so so I
1:14
expected something to happen which um which he did and he just basically
1:22
regulates um for you to think what kind of business you want to go in whether one or the other I understand this it's
1:28
it's good what is happening right now obviously there are people everyone has to understand and know what should be
1:35
adapted into this obviously the the the lobby of hotels has press in order to
1:41
say okay well those people has Apartments properties with their license of tourist which is competence direct
1:47
competence with hotels they need to high up the standards in order to the
1:52
requirements in order to offer the same service that we do it at the hotel so it's good for the whole
2:00
are being lifted in shortterm rentals you know and the hotels aren't losing so many rooms to them yeah so at the end
2:06
those who adapt well um many of them probably are very okay are fantastic so
2:11
obviously eliminate the fraud people some fraud has been doing well sort of like so where tax wasn't being declared
2:17
for instance that's one of the main things right yeah well the the tax here we're going to hit to two topics one is
2:24
whether it is allowed by the town hall for you to run this kind of business to
2:29
whether the statute of the community allows because there's a lot of complaints of it and three is the tax I
2:35
don't really think it was the tax the main topic because that doesn't really affect much no it's just really those
2:42
ones who have properties that shouldn't be uh shouldn't have or shouldn't be offering the service as a touristic
2:48
Department yeah I think over tourism Factor perhaps was it then I think I think as Pedro said the hotels are are
2:56
legally renting their rooms for amount of money for obviously a lot of taxes a
3:03
lot of Social Security a lot of issues and I and I agree is unfair so their
3:09
businesses were being affected effectively corre by the short-term LS but plus the quality plus the quality
3:15
because now obviously they say okay do you want to choose this kind of business do you want to choose touristic license
3:21
uh fine then you need to have all these bylaws the Abit and license the catastral thing the energy certificate
3:29
everything 100% legal plus uh complaints books plus everything up if you were
3:36
staying for up to 10 days in the same
3:42
it's up to 10 days longer term lets are still okay then yes that's not an issue so so the bottom line of these this law
3:49
it draws up a line where it says if you are renting out less than 10 days then
3:56
you should do all these by laws and follow all these instructions if you decide to go on the topic of
4:03
longterm or shortterm but more than 10 days you don't have to follow all the
4:08
instructions of this law but you cannot publish it as shortterm like well
4:13
touristic you cannot rent it out like so you cannot compete you can't put it on Airbnb the well Airbnb you could do it
4:21
after 11 days yes but not up to that point not to up to them that's about right yeah I see and uh but but I I I
4:27
kind of understand because is unfair competition because you know you have a
4:32
hotel you have employees you have all these taxes to pay and then you're renting a room this is this law is what
4:40
really prohibits is renting rooms short term I mean it also takes away from the economy doesn't it because people then
4:46
working in the local economy if the prices are pushed up because people from northern Europe and other parts of the world are coming who have higher incomes
4:53
the people who actually live and work there perhaps providing resources for those tourists to come can't afford to
4:58
live in those places I mean we've just seen another story today where they're talking about teachers uh in another
5:04
part of Spain uh who are being given um accommodation by the government at a uh
5:10
at a lower fee because they can't afford to live in the area yeah probably in B
5:16
probably probably but at the end this dis newy law really is putting some
5:21
limitations really on the on people on in know to because demand is so high and
5:27
the offer is quite High really so in order to not to increase more the offer or not too much even though the man is
5:33
going to high uh so the end is going to in some ways to control that this do not
5:40
goes like all the cities all the towns are going to be like for touristic it will be like some control it's the tourist model that I think people have
5:46
been asking for isn't it everything was just a free-for-all before and and all of the questions that we've been hearing with the demonstrations over the past
5:52
sort of four to five six months even have been not about individual tourists certainly about the amount of tourists
5:59
we come com but not about the individual tourist themselves but about the tourist model and this is a step certainly
6:04
towards solving some of those problems yeah I really think it it brings up the quality uh standards to the level of a
6:12
hotel or similar which I think is fair enough you know you you want to compete with a hotel but at least have some
6:18
quality on it um the only thing is the 10 days well that criteria I really
6:24
don't know why they thought somebody will stay more than a week but L of 15 days well less of 15 days I could
6:31
understand because in Spain you used to rent in the summer for two weeks uh is very normal that makes sense you know
6:37
two weeks uh is not touristic it's a bit more of a temporada what we call it like
6:44
it's season and and the big sort of tourist companies just in our headlines this morning it was Brits and Germans
6:49
again the people who come uh the most from uh countries around the world but again they're generally around about the
6:55
two we Mark yes yeah and um so we really
7:00
think need to think here originally everybody should have had a jistic
7:06
license with all these requirements but these law says now and and the bottom line of these law says that if you
7:14
really want to comply with this model then you need to be less than 10 days and if you're going to just do something
7:21
different you need to inform the registry that what period of time you're not going to be a touristic apartment so
7:28
let's say I want to rent it out July and August I should report it that in July and August I'm going to be a touristic
7:34
I'm going to I'm going to only because I'm only allowed to rent less than 10 days and it will be July and August so
7:41
July and August my property will be rent out as a touristic and the rest will not we see that a lot don't we some people
7:47
rent for maybe the winter months and other people rent for the summer months so you know it does it does make sense
7:53
whether it's worth for you as an owner to run through all this paperwork or not
7:58
is a different different discussion you know we'll talk about the different types of paperwork after that I think
8:04
but yes yeah yeah but uh but the bottom line for me is that we need to really as
8:09
owners of property to choose what kind of business we want to be in do you want to be in less more or joint is another
8:17
adventure so if you want to do you mix it up you can mix it up as long as you inform the registry I think that's
8:24
that's a big deal isn't it this the registration because a lot there are come on we all kind of see and realize that are properties being L short term
8:31
that aren't actually working with a license or running on a license now it is a challenge for the
8:38
community to have enough inspectors but but this is going to be easy from the ne I don't think they have enough that is
8:44
certainly something anonio was saying as well in the valencian community I think he was saying something like four yeah
8:50
but the problem call I think we were discussing Pedro myself the problem is not how many stuff you have to as a
8:58
policeman it is more more about your neighbor if your neighbor gets pretty much up wants to inform it will be easy
9:05
to Google and say um and then R we start the a number of
9:13
councils it's I think Po and Dena uh most recently alast Delp have had their
9:18
own local government enforcement on this thing about stopping tourist license for two years whil they cons everything out
9:24
and so on local councils can do that um but the thing that denya Council pointed out which I thought was pertinent was
9:29
the fact that they're talking about coexistence as well so it's it's about whether these um properties are getting
9:35
on with the people that are living around them Dan has talked about the center of town and perhaps further out you can still have um but it is it's
9:43
about the coexistence for people who live and work in the communities being able to still um afford what they you
9:49
know where where they are and and be able to live with the fact that you've got tourists throughout the summer other periods these days of
9:56
course yeah I mean I mean Town Halls have pretty much the number one uh Power
10:02
because they need to control their their town so they could choose whether
10:07
they're going to suspend it or not so this law at the end of the day relies on Town Halls if the town hall says I think
10:14
it was C that they're not issuing any anymore for one year I think or that's
10:20
it I mean you don't have this type of model so you could only concentrate on
10:26
having your property rent out for long term or short term more than 11 days you
10:31
could still use the platforms you could but it needs to be more than that um now
10:37
as I said the infractions um you you the problem you're going to find out is that the
10:45
neighbors if they're upset with with the type of tenants that you're having they
10:51
will report it and it doesn't matter whether they have four or five policemen with regards to this CU it's
10:56
administrative um f so they will start file they will check
11:01
as Pedro said they will check that you've been publishing you're in breach and they will start issuing invoices
11:08
well fines um to people so I think is a reflection this law it should bring um
11:17
information to all of us to reflect on what kind of business so as a local resident you can find out if a property
11:24
is being let in the correct way with the right license of course and now another
11:30
topic here is if I have less than 10 days obviously the communities are going
11:36
to increase the fees of the community to you so we're talking about the local community as say an apartment block for
11:43
instance rather than the Valencia Community as a whole yeah yeah we talking about you've got a license you
11:48
rented it out as teristic and now the AGM of your community is going to get
11:54
together and say all right you've got this business good it's not prohibited by the statutes fine but now we all
11:59
agree that uh or most of us we agree to increase your percentage of payments up
12:06
to 20% so if I'm paying 100 th 100 EUR every quarter then you increase it into
12:14
20% more and that can be decided by the committee and of course it could be an urbanization as well not and it should
12:19
be 3 of the owners 3 fth and in case that someone do not go through the
12:25
meeting and obviously they voting uh session it doesn't cover this 35th then
12:32
is informed with an ACTA with a document is informed about the decision of of the community saying who has a vote in favor
12:39
who has vote rejecting it and then whoever owner didn't go to the meeting
12:45
and didn't do not answer will be like a yes like a confirming that they wanted to even though they don't go and they do
12:51
not they don't have a opportunity to so many communities will go to that point really on
12:57
this so so you've got a saying here with the town hall you've got a saying with
13:03
the community of owners unless you have a villa and uh and then you have the
13:08
bylaws of the community which is only covers commun valenciana so this doesn't apply to M and elet and then the rest of
13:17
Spain so it's quite interesting but uh for those who are renting out properties
13:24
is a good reflection here uh what kind of business model they want to carry on
13:29
with and all they still available of course um the towns that we were talking about in the news yesterday was alas
13:34
Delp was the latest following Dana altea and pup in suspending new tourist
13:40
accommodation licenses it's a initially most of them are saying a two-year suspension and they'll get those
13:45
measures together to regularize regularize the unlicensed properties um so yeah but it's is what everybody's
13:51
been talking about it's about sorting out the tourist model and dealing with that as the issue rather than you know
13:57
water pising tourists in the street in Barcelona we talk more Pedro add Nao
14:04
here from alakan lawyers. uh the surge in short-term rentals has led to concerns about Rising
14:10
housing costs and overcrowding in popular tourist destinations like Barcelona the Canary Island the cost of
14:15
blank and Costa so local governments have we been talking about have been implementing restrictions on these rentals to address the issues and uh
14:23
some places uh two-year bans or Barcelona for instance Banning holiday rental short-term uh like Airbnb up to
14:31
2028 now some people may have suddenly found themselves on a different side of the law with this throughout August um
14:39
so if somebody has uh is now in a situation where they realize they need to get more paperwork together to be
14:46
allowed to do a short-term L what sort of things is it that they need to be able to be legal okay well um in the law this uh I
14:54
mean someone could Google says Annex which is a Annex to the to the law and
14:59
this be included some situations I mean apart from what it was but um what it
15:06
says minimum requirements I'm just reading right now law it says first one have a plan in order to evacuation for
15:13
the building where I mean from it's like it's like hotels when you when you see it on the back of the door the
15:18
evacuation plan instruction of energy and in different languages and then the elevator the
15:23
elevator I mean ground floor PL until four uh floor four is not required but
15:30
from there is required four floors a building with five floors must have a
15:38
elevator okay and then um in which means is a place that
15:44
clients can can entry on in an area a separate entrance exactly separate entrance that's right and this is
15:50
something also new is a telephone uh direct Lan 24 hours for the
15:55
client ah so somebody has to be there if they need um if they need some help or
16:01
or something to do with the accommodation yes 24 hours out a client service 24 all right okay I mean I
16:08
assume that PR example time on Camp are like 3:00 in the morning and do not have a keys it has to be well actually yes
16:13
because a lot of these properties now have those key boxes on them how many the end do not work I mean yeah and you can't get in after of the time yeah some
16:20
of them don't work or yeah and so for example installation services for example I mean this is hot water for
16:28
example and then which means like you have access to electricity in all the
16:35
rooms need to indicate which is the voltage also M and list of telephones
16:41
for emergencies and but this it was anyway and what else I think connection for
16:48
internet and let's say there are some other ones heating do have to have heating heating
16:55
air refrigeration and then one of the things that me
17:01
um it is forbidden to give the keys in a box can't actually
17:08
use I see in a public way so that would be on the outside of the building forance yeah
17:14
exactly they they pretty much publish are trying to have a service so a good
17:20
service for a touristic but it's all about regulating the short-term laps only less than 10 days yeah MH yeah it's
17:27
pretty much not like a hotel but similar mhm you have a lot of service here and
17:34
uh what else I think obviously you need to have the compatible license from the town hall the habitation license the
17:41
catastral reference which needs and you were saying that they're a different licenses so now that we're talking about a short-term license a license for you
17:48
don't need a short-term license more than 10 days or less than 10 days that's a license for touristic yeah yeah so the
17:54
the the license you require is a short term well less than 10 days which is the
17:59
touristic okay so the toal is to say yes we we still agree having more touristic
18:05
Apartments here is the license because it's compatible with the area where you're in because in some areas they
18:11
will block it some areas they might allow it but you need to follow all these requirements not not like a hotel
18:19
but very similar yeah uh with with quality standards and um and one of the points
18:27
not keys in a box yeah yeah that's that's interesting it is certainly because that's certainly how a lot of
18:33
the Airbnb shortterm LS have been working so um and and the big investment here is in the tourism model for Spain
18:40
and the fact that um increasing the quality for guests that are coming here
18:45
and we've heard quite a bit now about Spain investing in high-end luxury hotels there's a lot of money going into that and of course if that's going to
18:51
happen then you know everything below that needs to fit and work within its own within the same framework if you if
18:57
it's not working at the bottom then you know there's no point in creating luxury hotels if people aren't going to be coming and renting the rooms exactly
19:03
exactly at the end need to increase the value increase the obvious obviously the standards and requirements you other to
19:09
put in same level of hotels yeah we've heard that a lot the islands kind of were talking about this maybe uh preo um
19:16
about actually uh trying to uh increase standards so that they can increase the
19:21
the level of um people tourists that are coming to to their Islands without
19:26
saying too much but you know what I mean but that was certainly something they were talking about pre-co so we had a bit of a gap there where you know
19:32
because things didn't get quite sorted out and then of course that surge of people uh not wanting to just visit and
19:38
go on holiday postco but also thinking we're thinking about buying properties we've seen a big surge in that as well so it's it's it's something that's
19:44
almost you know caught people well it did catch people by surprise but we're starting to see some standards being put
19:50
in uh so hopefully that's going to work and it's still worth isn't it of course uh buying a property to
19:56
rent in Spain either for short term or for longer term yeah I I agree I don't think this really affects your business
20:03
probably is you need to adapt the business but uh uh whether it's profitable or not that every single
20:10
owner needs to budget and and and balance whether he worth committing to
20:16
all these rules and whether they're going to make more money now the prices we don't know the price to invest on
20:23
rents we always say the good opportunity is when obviously you buy a tip MH Ian
20:28
we have we have a client bought some I think five properties in in the area of the South Spain and is been making some
20:35
buildings and at the end he has planed in order to get at least 9 10% profit
20:40
which is good and I mean probably in 10 years we'll recover everything yeah and
20:46
but we have many clients that because we do also the accountants here in Texas and we understand some of them are
20:53
getting a a lot more than 10% mhm say yeah I mean it's good property are good
20:59
locations and obviously you if you buy a market price perfect if it's a good location good property but if not
21:05
obviously it's good to buy tip is probably the key point in medications yeah I mean if you can cover your mortgage and still make a profit then
21:12
that's a yeah yeah you are making a value yes because the increase of the property yeah in the future to sell yeah
21:17
yeah and I think I think here um the business is going to carry on the prices
21:23
I don't know how they're going to change because well they haven't stopped Rising yet correct but now because of the
21:29
change of the law probably it should stabilize now we we think yeah yeah I think it will contain in these area it
21:36
shouldn't increase the price now whether it's going to be I don't know the answer but whether the short-terms rentals are
21:43
going to be more expensive or not is is demand an offer we don't know how many
21:49
how many will will be available be available are they going to have a lot of them or most of them are going to go into the short term with don't no call
21:57
is it good probably next we see the numbers yeah we'll we'll be able to work it out after that yeah and the demand on
22:03
on investing on property to leave or to invest on another to rent it's going to be higher and higher yeah I mean there
22:09
aren't enough properties really now I mean there's so much building going on and still even those that are being built are being sold so quickly so you
22:17
know that's um you know and again you know the last time we saw that and then you know 2008 and and we had the banking
22:23
crisis which then burst the the housing bubble in Spain it's perhaps not in a
22:28
similar situation by any stretch at the moment we're not we're not even looking at a ceiling right now is increasing
22:35
with u with some I mean Low by low but it's increasing increasing and the demand is is the demand is is higher um
22:42
we have many clients are say okay well before I keep my money in my bank which
22:48
do not they don't give you much money these days I keep it in a save way which is a property because my money really I
22:54
mean it's happening right now all the governments Cal governments are printing money like uh like free and is the
23:00
inflation it goes up so at the end inflation goes up your money is is is useless I mean day by day so at the end
23:07
if you invest in property at the end is something that okay the value is there the property in in on longterm in
23:13
longterm will be high obviously talking with Pedro and ignio from alak County lawyers. pay there and I mentioned
23:21
earlier about uh teachers being given affordable housing and I know I'd seen it and heard it somewhere this morning
23:27
uh uh I've worked out where and how uh it wasn't actually Spain but it was Portugal but actually prompted ignio to
23:33
say that um the market there has seen a sharper rise and a bigger increase due to perhaps the fact that there's not as
23:38
much space uh in Portugal well actually I don't know the reasons I I've been there very reason now in elav and prices
23:46
are crazy I mean it's more expensive over there than here in the peninsula uh
23:52
probably because there is not enough uh not enough availability no and not that many the things you might find they're
23:59
good quality but they're very expensive um but it doesn't correspond with
24:05
probably the areas in the village The Village probably are a bit poor and so
24:11
is a different you know a different uh different thing you could see once you go across to Portugal and then when you
24:18
come to Spain you will see the difference you will see the difference in general and pric is probably is not
24:23
the same if you're in aam mon for example rather that you go VI and then
24:29
is it a different world I know that Romy who's from vux next door she's in with us on Thursdays every couple of weeks
24:35
she went beginning of Summer and said that demand was incredibly High uh for properties yeah they're refurbishing as
24:43
well but I heard they have a lot of problem as well like we have here um about um they have the touristic
24:51
properties and I think they always did a good program tax program so they approach a lot of investors yeah there
24:57
was some something about TI being relatively straightforward wasn't there directly after brexit it was it was it
25:03
was it was quite open on obtaining a TI for while I think there are a lot of Americans a lot of British uh but that
25:11
doesn't last uh I'm not sure but that the tax regime doesn't last too too much
25:17
we we work with a lawyer in Portugal uh when some clients just wants to go there
25:22
and and and make inquiries about the law um but I'm not very much because they
25:27
keep changing now I know they're trying to remove all these benefits they gave
25:34
mhm and uh too much of a good thing it's in increased demand to a point where
25:39
it's difficult to cope I guess yeah it's it's hard to leave over there because um obviously the W wages there are less
25:46
than Spain and if you need a property then there are not properties yeah the
25:52
problems are exacerbated we were talking before about people not being able to afford to rent in an area where they're perhaps working okay thank you for that
25:58
now we've had a question about the new entry and exit system known as the EES
26:04
which we know is coming into force and been looking at the EU websites on this and there was a question from Nick who
26:10
has a golden Visa um and found that all the time his passport was being stamped
26:15
now he does have a TI sent us actual proof look you go he says that um even
26:21
though I have a TI my passport was still being stamped golden Visa tiie um for
26:27
some reason uh I don't think my ti stops them stamping my passport because that's kept
26:32
on happening of course his question is now about the EES the new system will he
26:38
be able to not be part of the es walk through because he's got a TI like the rest of us that should should be what
26:44
happens right um so the question car is whether they will stop stamping yeah
26:49
yeah whether yes exactly I am not able to answer that
26:55
um I think but this is just from the top of my head you're British
27:00
you then they they stamp it but you have a control but um they don't do it to you
27:07
do they well I I initially um certainly there was a little bit of confusion I think you know when things all started
27:14
post brexit um but certainly since if you present your ti along with your passport it no longer gets stamped
27:20
certainly alakan Valencia that this SC it that I know that I know yeah you you scan anyway um or if you go if you don't
27:26
scan uh you go Direct to which sometimes you still do go to directly to a Border guard now as long as you present your ti
27:33
along with your passport it doesn't get stamped so perhaps that that that might not be or shouldn't be happening now
27:38
with somebody El a golden visa and therefore a tiie no I I haven't heard about getting
27:44
stamp clients with golden Visa but uh with this system probably I mean should
27:49
we'll check it out we will check it out we'll check that out yes certainly from what what we've read from the EU website
27:55
it it should be that um somebody with a golden V and a TI is exactly the same as
28:00
a normal person who has a TI just you know present that with your passport you shouldn't be St the T for the golden
28:06
Visa it it says literally the res which is really a resent called even though you leave one
28:12
day or maybe you decide because you want to decide to leave more than 183 days 365 days but it's really a even though
28:20
it's called a Visa like Vis golden Visa it is really a residency if you want to yeah you're still resident aren't you
28:26
yeah how gold Visa thing still going right you're still you're still you're still processing we're still processing
28:32
them and is is working through now the problem here car is we don't know until
28:37
what date but uh but if anybody bought that property for that sort of price my
28:43
recommendation is to Lodge it through as soon as possible yeah if if you haven't if you haven't actually applied still
28:48
can get it done because we don't know when it's going to stop that's correct I mean when one year two years three years
28:54
depend on politics MH so um you come back after the summer busy season ahead
28:59
do you think what what what things you you dealing with most at the moment over the past year or so what what what is it
29:05
people buying properties mostly property we I mean we are right now feeling that
29:10
we a lot of relocation relocation means really at the end mostly everything is like taxes is like immigration and is
29:17
investment or rentals I mean it's those three pillars are really a more demand in in in the cornerstones of the
29:25
business as such well probably is man on relocating to Spain and then they ask
29:31
about tax planning uh immigration planning and probably they want to buy
29:36
or rent uh this and some of them want to me self-employment or they want to attract the business here and and create
29:42
a business here in Spain all these issues are will we are mainly received
29:47
and still The Nomad Visa um is is something that is attracting people to Spain right yeah yeah we're dealing with
29:53
a lot of questions about relocating as a nomad yeah mhm and from a tax from the
29:59
Beckham law as well actually we Weist there the mbappe law now as well isn't there I'm not quite sure what the mbappe
30:05
law is or how different that is to the Beckham we I didn't study that was it
30:11
pro that's it's a paragraph on the new new change about the professional sports which has a different rules MH so that's
30:18
so that um the likes I'm going to say uh Real Madrid and Barcelona and maybe sometimes the other teams can attract
30:25
certain types of players to the leagues right yeah you remember when it was like essi and and Cristiano they had a
30:33
criminal files against them because they were avoiding to pay tax well same with Shakira and her ex-husband as well shabi
30:40
alono for example he won the case he won the case against the tax office that's true and well tax office is
30:47
very but today this morning we listen one of the ladies she said okay habia is
30:53
been like a a very good place for numat who want to come here and work here m m
30:59
and yes I agree yeah well H probably a lot of places here in Spain but H is look time we having clients are coming
31:05
here to this area and with with this with this Visa no mad Visa I suppose
31:10
there was all of the um issues about the golden Visa eventually at some point stopping that people are then starting
31:16
to look at the other opportunities of which there are obviously other ways of yeah I mean it's not it's not the end of
31:22
the world if they change the the Goen Visa but if you have the investment done and then you have the the opportunity
31:28
why not I mean he's is very flexible Visa it allows you to be non- taxpayer
31:34
taxpayer um it gives you a lot of time to renew so three years and um and at
31:42
the end of the day if you bought the property that's it MH so but yes there are more more normal Visa I think is
31:49
going to be the top one for people relocating to spend on working remotely
31:55
uh is not an easy one uh because is very messy but we've been dealing with a lot
32:01
of files like that one so about social security about the inscription of a a
32:07
company employer into the system or there are C regulations the agreement between Spain and on health or remember
32:14
Spain on1 exactly so this this it changed a lot on the situations but obviously at
32:21
the end it get but that but that's that's governments and legalities isn't it these things change and they update
32:26
all the time and that's why you need to come to a reputable company to make sure that you're on the right side of the law
32:32
all the time but the the key of the case for noral visas is to get the A1 and the
32:37
S1 S1 because you have health insurance A1 because your company will pay social
32:43
security in your home country so this is somebody somebody who's applying for a nomad Visa needs to get this is what we
32:49
recommend to have if they're able to apply for A1 and S1 then you do that in your home country yes yes then we'll be
32:56
able to legalize uh and things will be a lot easier a a lot easier for you to pay less taxes
33:03
here with the Beckham law and for you not to pay social security here and uh
33:09
and for you if you're a non- European citizen I was going to say that for people from third countries obviously um but if you're part of the EU of course
33:15
you could still no problems at all really things because if you are from a non- European country you could get the
33:21
visa but if you're are a European you could apply for the Beckham law anyway anyway with the a with what I'm telling
33:27
you yes you can so you could get tax you're still so yes it's tax rather than residency or whatever even the Spanish
33:33
that being away more than 5 years could reloca to Spain and get this rule nice to see you guys we'll catch up again in
33:40
a couple of weeks good luck with the webinar I know you might have time for coffee just in between now i' everyone
33:46
we need one
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