IMPACT — MEDIUM

Spain recently approved the creation of a digital nomad visa as part of its new Startup Law.

Key Points:

  • The visa will allow third-country nationals to stay in Spain to work remotely for companies located outside the country.
  • The visa will require foreign nationals to have:
    • A foreign employer or client that has existed as a business entity for at least one year.
    • Worked with their employer or client for at least three months.
    • Documentation proving their work can be performed remotely.
    • Sufficient financial resources, amount to be specified.
  • The visa is renewable and can be extended for two years at a time until reaching a five-year limit, after which the employee will be eligible to apply for permanent residence.

Additional Information: Spanish authorities are still finalizing details for the digital nomad visa, which is expected to bring more foreign national “digital nomads” to the country to stimulate the economy. The visa is part of a new Startup Law, which aims to encourage investment in and support the growth of startup companies. BAL will provide more information as it is made available.

This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

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