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Can Anyone Apply for the 'NOMAD VISA' to Work Remotely in Spain? | Pellicer & Heredia
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Oct 29, 2024
Ignacio from Costa Blanca based International Lawyers Pellicer & Heredia was back in talking to Moody about how they continue to help Non-EU nationals (including Brits) with the correct visa options for coming to Spain, whether it's to retire, work or work remotely. Along with details on the focus was on the so-called 'Nomad Visa' for remote workers in Spain, which comes into force in January 2023. This would allow you to live in Spain while working for (and earning from) a foreign company. However, you will need to be able to show that you have the financial means to support yourself and the minimum monthly amount may be more than you expect. You can see more about residency options at www.visaspain.today or at www.alicantelawyers.es, where you can also watch back some of the previous webinars. Be sure to Like 👍 this and Subscribe to our channel if you found it useful. 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
whether you've been in Spain for six
0:02
months or six years don't miss
0:04
payethaire and a red ear in conversation
0:06
with Moody on Bay radio every other
0:08
Wednesday at 10 A.M payathaire and
0:10
eredia are your International lawyers on
0:13
the Costa Blanca and have been looking
0:14
after the expat Community for more than
0:16
a decade see more at alicantylawyers.es
0:20
as previously advertised a Wednesday
0:21
where we're having nothing already
0:25
Costa Banker good morning welcome back
0:27
good morning I made it on time already
0:28
today yes it was a good time yes perfect
0:30
no traffic no well let's just say you
0:33
take your chances when you come in on
0:34
the motorway and all of that you have to
0:36
make the journey here but I mean the
0:37
rest of the day you are you'll be having
0:39
meetings up this way yeah today yeah
0:41
right yeah yeah so it all makes it I
0:43
wouldn't expect you to come up
0:44
especially for this show however much
0:46
you enjoy doing it of course
0:48
um now I'm just going to mention the
0:49
football here because um Spain's first
0:51
game later right that's right that's
0:53
right and we've got the appointment
0:55
today at five o'clock yes yes where's
0:58
that appointment
0:59
a red lion in Benidorm no that's so yeah
1:03
so Spain Costa Rica it'd be interesting
1:05
because as we heard with Carl it's
1:07
that's a young team he's trying out the
1:09
O'Neill busquets uh it's the sole
1:11
surviving member of the the glory years
1:13
as it were but I think it'd be okay and
1:15
you're right in that group yeah I'm
1:16
positive but we'll see it's uh you
1:19
always get surprises like we did have
1:21
with Argentina didn't we yes that was
1:23
quite a day yesterday
1:24
um
1:25
Leo Messi have been beaten by Saudi
1:27
Arabia and then Cristiano Ronaldo pretty
1:29
much out of a job I know I'll include
1:31
the day for the two greatest footballers
1:33
at the moment anyway you get these
1:35
surprises once in a while yes that was
1:36
quite something a chilly won't happen
1:38
it's because I left the show yesterday
1:39
when it's just about to start the game
1:41
so you know if you're going to bet on
1:42
Saudi Arabia just come and give me the
1:43
money now instead that's how much I know
1:45
about football I just repeat stuff I've
1:47
ever heard other people saying now let's
1:49
get on to um some bits and Bobs and last
1:51
last time two weeks ago with Pedro Ian
1:54
um had a good chat about the so-called
1:56
Nomad Visa the digital Nomad Visa which
1:59
is mooted it's likely to go ahead and be
2:01
going ahead January I started next year
2:04
very much the very start of next year
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yes it's starting if everything goes
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according to plan it should start on the
2:10
1st of January 2023 which is really
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spective Visa you know we talk a year
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and as we've talked all over the year
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but that was coming and it was coming
2:21
etc etc
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but
2:24
um but now apparently he's going to go
2:26
through the Senate right and he's going
2:29
to be approved I believe they could
2:32
include a little bits and pieces but I
2:35
think he's pretty much done and distant
2:37
you know there's quite a few amendments
2:39
to it over the during the process yeah
2:40
yeah it it took a long process
2:44
but I think it's going to happen you see
2:46
and for those who do not qualify because
2:50
you know I mean well what I could say is
2:52
that we did up data guides in our
2:54
website yes so they need to go to
2:57
Alicante lawyers then they need to click
3:01
on what we do
3:02
immigration and digital Noma visa and
3:05
then you have questions and answers and
3:07
it's up to date today but if the law
3:09
change will update that so it's always a
3:11
good guy for you to follow what I was
3:13
going to say moody is people that might
3:16
be very good from a tax point of view
3:19
right because the startup law gives you
3:22
all these benefits etc etc but the
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non-lookative Visa you and me we always
3:27
discuss here that is people working
3:29
remotely for another country it's for
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another
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um employers yes outside of space
3:35
outside Spain and even though the
3:38
consulate are very very difficult saying
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oh no you cannot work you cannot work
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but but the doctrine in courts
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especially here and we have
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states that you could work for another
3:50
company of another country so the
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non-locative Visa is a Visa for not not
3:55
to work in Spain for Hispanic employers
3:59
yes but the question is could I work
4:03
remotely which a lot of people do
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for another company from abroad well the
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answer is yes taxation should be done in
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Spain and these visas never had this
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incentive about the non-lookative Visa
4:16
about the normal Visa you see so so this
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is something we'll have to study
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people right in the middle with One Visa
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that they want to jump into the other
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Visa they want to use yeah it's likely
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to be more or more favorable tax rates
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so you could switch from doing what you
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were doing on a lucrative visa to this
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one yeah if it's yes if we complying
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with the requirement yes yeah yeah so
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it's good it's good because he's helping
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the community to bring people that are
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in different countries which you know
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um sometimes we think oh we've with my
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laptop here I could be working anywhere
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else yeah they can make a nice life
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bring some money and spent in the shops
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and economy and then Spain reduces tax
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as compensation or like incentive let's
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put it this way yeah I think I think
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it's excellent and I think it will turn
5:09
out very well and uh but we'll see we'll
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comment that in January yes now this
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isn't definite but the only thing I can
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see is when we talk about you Nomad Visa
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I picture some of these young you know
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trendy folks you get that stereotype but
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they will need to be earning a
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reasonable amount probably probably more
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than two thousand Euros a month yeah so
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it's not going to be for everyone just
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to be able to come over no they will
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need to have an actual mint as well you
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know he's not sort of easier there's
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gonna you're gonna be very tight in a
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budget and and be able to come no just
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getting by yeah and I assume he's going
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to be in comparison with the rest of the
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Visa minimum amounts that you need to
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have and now you cannot you cannot be
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here with a low salary no and um no yeah
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because other countries have it in place
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and they were some were more than two
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thousand so I think the the article I
6:00
read they'd guess that it would be
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around probably 2 000 Euros a month
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maybe just a little bit more than that
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so something to bear in mind for
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anyone's thinking oh that's for me and
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you need to be shown some incoming maybe
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I don't know if you need a contract from
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this company you're working for or not
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just to show you that you'll have that
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money coming in we shall see so more
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updates along the way yeah that's right
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and uh but I'm positive you know it is
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all is a law that is going to help more
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than anything else you know it's going
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to help people moving over is going to
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bring money to the economy is going to
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make their life a bit easier and their
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tax obviously much better so if it suits
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you I think is I think people should be
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looking into it and if they need to do
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consultation or speak to you about it
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happy to do it but that will start and
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come into Frozen on the first of January
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so until then
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this is a little bit Pine Sky yes so
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we're kind of finding out as you do
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anything new that comes up it'll go on
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to your website check the blog and uh
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what we do and all that but Spain needed
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to get it through didn't they because
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being left behind by places like
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Portugal's really sort of catching up
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with all this sort of thing yeah yeah
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people moving now yeah they were fast
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they were fast because they needed to
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bring people you know I think Spain is a
7:13
bit more uh well they call them Visa in
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Portugal it's different than the Spanish
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it's not 500 000 and it's got different
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varieties it's not exactly the same it
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could be a bit less money bro I think
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believe is I don't know if he's 200 or
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300 000 but it needs to be in an area
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that is not being developed so it's not
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Algarve it's now Lisbon right you know
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so yeah so it's got its tricks you know
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it seems like oh golden V's in Portugal
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is is better than Spanish well in
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Spanish General in Portugal the golden
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Visa only qualifies with a requirements
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of different areas yeah so so not the
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same it's not it's not really the same
7:52
but anyway they were fast I agree but
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they're doing that in Spain aren't they
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just very quickly they um sort of almost
7:58
paying people to come and live in some
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of these towns and Villages they're
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getting abandoned because everyone's
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moving away there's no starting they're
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starting to promote the England
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properties and the rural areas where
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he's less than 100
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um people registering the pad run
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actually now Community I think is on the
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radio as well and have it about visit
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all these Villages they call it Fruita
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99 is Right Route 99 yeah go and visit
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all these um I really don't know how
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much much about it I just listened to it
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a few days ago I think they're promoting
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I don't know whether you need to spend
8:37
some I don't know uh money and over
8:40
there or whatever but is it root
8:42
for uh to visit all the villages
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uh with less than a hundred uh habitants
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or people yeah so because it sounds
8:50
ideal when you see an avatar you could
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buy this whole village for the same
8:53
price as a you know a decent sized Villa
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yeah but it comes with its drawbacks
8:57
because there's not many people there
8:58
they didn't get the funding do they yes
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that's the problem the government money
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doesn't go there so yeah
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um it's water and electricity and all
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that's a bit sometimes a bit of an issue
9:06
yeah but um I think for entrepreneur
9:10
people I think it could be a good option
9:12
you know you know to bring some money to
9:15
the economy if it suits you there is a
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gap for you and
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um nowadays as you know with digital
9:22
things and everything you could probably
9:24
have a great property a great house you
9:27
know have a business well that would be
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first question what's the internet like
9:30
there because that's it it'll come down
9:31
to that probably if you're doing that
9:33
sort of work but nowadays Moody if you
9:35
use your Mobile with data and these
9:38
small small wifey
9:41
um devices more probably even though you
9:44
don't have the landline but you might
9:46
have what you call it data do you yes
9:48
you do yeah yeah so so it might work it
9:51
depends on the coverage yes and if
9:53
you've got unlimited as well because
9:54
unlimited you can use that up very
9:56
quickly if you're on caps like two four
9:58
gig a month yeah it's like nobody's
10:00
business but uh yeah it's it's an option
10:02
it's a consideration it's the way it's
10:03
going to go I think um why wouldn't you
10:05
and that's anyway if it was me and no
10:08
neighbors nice and quiet should be all
10:09
about that I come in here and do this
10:12
yeah which I can't complain about one
10:13
bit yeah we'll play tune in just a
10:15
moment where are we at with the webinars
10:17
because they sort of went off yeah we
10:19
just uh change it because of
10:20
appointments we did have last probably
10:22
Pedro was last week or two weeks ago
10:24
right yes
10:26
um then last week we did and people
10:28
could watch it still in the live live TV
10:31
website uh we did one webinar about
10:34
normal Visa yes you did that's right
10:36
yeah yeah and we do have a lot of
10:37
questions and answers which it was very
10:39
interactive is the the Beautiful the
10:41
beautiful thing of the webinar people
10:43
wire on the other side they send you the
10:45
messages straight away and within the
10:47
hour we could answer so it brings
10:50
interaction yeah you can watch you can
10:52
watch that back on the yeah if you go to
10:53
the live TV bit on your website and
10:55
we'll be holding another one uh
10:57
hopefully next Wednesday uh but it's
10:59
chill uh it hasn't been published yet so
11:02
okay so but just feel free to to ask the
11:05
audience if they won the specific
11:06
webinar for something we could consider
11:08
to to to bring it on on uh and and doing
11:12
live yeah because of topics you know and
11:14
some people might be interested saying
11:16
nothing you never spoke about this and I
11:17
never thought of it well you'll know if
11:19
it's going to be of interest to more
11:21
than just them yeah it's probably worth
11:22
doing yeah yeah yeah yeah you never know
11:24
so so Raymond is so the next one will be
11:28
next Wednesday hopefully 4 30. and uh
11:32
for them they could register in their
11:34
website and um
11:36
and just leave their details so the the
11:40
marketing team will send them an email
11:42
saying we're going to join our next one
11:43
and if they're happy to join great if
11:45
not they could listen and watch back
11:47
yeah so Alicante lawyers.es the live TV
11:50
bits is where you want to go and sign up
11:52
as soon as you see details of the new
11:53
one you haven't given a specific time
11:55
there you need to check what football's
11:56
on first the next Wednesday of course
11:58
that's right pathanaredia.com or
12:01
Alicante lawyers.es will get you to the
12:03
same website where there is plenty there
12:05
um even just on the home page it goes to
12:07
you're in the sections immigration taxes
12:09
properties company in Immigration most
12:11
of the stuff we've talked about so far
12:13
today and details in the blog as well
12:15
it's worth checking there like 400 blogs
12:17
over there blog articles and covering
12:20
just about anyone everything that uh
12:22
anyone would need to know about living
12:23
in Spain that's what I was going to
12:25
mention our American friends and still
12:27
talking about being taxed twice I know
12:29
with um Spain in the UK there's the
12:31
double taxation treaty but is that not
12:33
the same with with the US yeah actually
12:36
yeah actually as I always say you
12:40
shouldn't be paying double uh if you pay
12:43
taxes you shouldn't be pain total if you
12:44
did pay double that means that something
12:47
went wrong either because probably uh
12:50
the two advisors you had at one in the
12:53
state or one in the UK one here did it
12:56
double or because probably you over over
13:01
um overlap with the timings sometimes
13:03
for example with the Americans they need
13:05
to be very careful because they do Lodge
13:08
it in March and we you know we do April
13:11
until June so I highly recommend them to
13:15
do the planning before they launch their
13:18
income tax return and ask for an
13:20
extension in the states interesting but
13:23
not necessarily because sometimes
13:24
depending on the type of uh Revenue you
13:27
don't even need to ask for an extension
13:29
because probably you don't even pay tax
13:31
but everybody's different you see
13:33
everybody's got different income and and
13:36
I highly recommend them to do it
13:38
together with somebody who who could
13:40
help you with both or at least advise
13:42
you what to do because if they pay
13:45
double that means that they've done the
13:48
US
13:48
for example and the Spanish yeah
13:51
including everything and shouldn't now
13:55
asking for that money back is a battle
13:57
yeah good luck with you now it's a
13:59
paperwork trial and and a bottle and the
14:02
UK and spend exactly the same if you go
14:04
into our blog you will clicking
14:07
um blog and taxes and then you'll see
14:10
dual taxation treaty between UK and
14:12
Spain uh I did upload as well the
14:15
American uh just simple you know made it
14:18
a little bit simple even though they're
14:19
always difficult to understand and
14:22
um and I did upload uh I did upload the
14:26
ones that I have with clients so we had
14:27
from Iceland from from the Netherlands
14:30
so I tried to upload it for clients so
14:33
they could understand a little bit how
14:35
it works but if you're paintable or if
14:38
you think you might be paintable uh you
14:41
need to to to ask for advice that's very
14:44
important yeah like a lot of people at
14:45
the UK they're not that used to doing
14:47
the tax return because when you're on
14:49
when you're an employee
14:52
yeah so but in in the US you have to
14:55
file your own taxation even Homer
14:57
Simpson has to have learned that yes
14:58
from The Simpsons yes normally when we
14:59
do the tax return we always ask for a
15:02
copy of their tax return in the U.S even
15:05
though he's the one before I mean the
15:07
the year behind to help us understanding
15:09
what are they declaring and then you
15:12
need to feeling a form for us for you to
15:15
self like self-assessment declaration to
15:18
say how much money you're having as an
15:19
income and then once you have that then
15:22
we could advise you know and in the UK
15:25
exactly the people who are here you need
15:28
to inform the Inland Revenue in the UK
15:29
that you're no longer a tax resident
15:31
yeah in the UK now if you haven't done
15:34
that they carry on taxing you and then
15:37
if you declare it here and they carry on
15:38
taxing You Is Wrong
15:40
they'll expect you to file a return
15:43
um you know and then you'll get if you
15:44
don't then you get the 100 pound fine
15:46
and then it all adds up so what I
15:48
recommend them to do is first thing
15:51
obviously go with somebody who who
15:53
understands their two systems and uh
15:56
draw a line in the UK or in the states
15:58
or and put everything in motion so try
16:02
if you're going to live in Spain as a
16:04
resident try to make everything as
16:07
simple as possible so no tax in your
16:09
home country or the minimum as possible
16:11
and all the taxes here because the Dual
16:14
taxation treaties uh Spain tax you on
16:17
your worldwide income minus whatever is
16:20
compulsory to be taxed in your home
16:23
country so that's why you need to use
16:25
that you need to use the two roles so I
16:27
mean it used to say it's probably going
16:28
to be difficult to reclaim the money
16:30
even though you could try but don't let
16:31
it happen again you can't get things at
16:33
least yeah yeah so yeah because to get
16:36
the money back you need to launch
16:38
paperwork and now asking to get all
16:42
these money back based on this reason
16:44
and and they will ask you for everything
16:46
they will ask you okay prove these prove
16:48
the other if it's clear go for it I mean
16:51
whether it's going to take one year two
16:52
years or three years
16:53
that's you know but don't do it again
16:55
yes yeah I think well just the one thing
16:57
quickly um it's not exactly taxes but um
17:00
if you've left the UK might still be
17:02
worth keeping your state pension going
17:04
because you can do that you can just pay
17:05
the minimum National Insurance
17:06
contribution it's not a lot yeah um if
17:08
you can keep that up then you'll be
17:10
entitled to it still when you retire yes
17:12
and then eventually if you're already in
17:14
Spain it will be no tax zero tax in the
17:17
UK and you will declare the full full
17:19
declaration will be on your estate
17:20
pension here for example the ones that
17:23
will not be taxable being civil service
17:25
function right yeah okay so that one
17:28
will not be taxable even though it it
17:31
contributes into your marginal rate
17:32
gotcha okay so yeah well it can get
17:35
quite complicated you know talk to
17:37
someone who knows but details as I say
17:40
of just about anything you'll need to
17:41
know is on the website so
17:43
alicantylawyers.es thanks ever so much
17:45
for your time as always so good luck uh
17:47
to Spain later on okay
17:49
all right we may see you in two weeks it
17:52
may be three weeks we'll sort of all
17:53
that
17:59
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18:01
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18:04
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18:06
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