EXPERT EXPLAINS 🇪🇸 💻 GET APPROVED FOR THE DIGITAL NOMAD VISA IN SPAIN

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🔹 Get a 10% special discount when applying for you Spanish Digital Nomad Visa with Bureaucracy: www.bureaucracy.es/millennial...
Spain's Digital Nomad Visa was highly anticipated following it's introduction in 2023, and many non-EU nationals are looking to take advantage of it to enjoy the possibility remote work whilst enjoying the Spanish lifestyle. In this video, Marina Henestrosa, Immigration expert and CEO of Bureaucracy International Ltd explains who is eligible to apply for the Digital Nomad Visa, the application process, specific requirements to meet and how the team at Bureaucracy can help you with your application.
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Chapters:
0:00 - Intro
1:12 - Where are most applicants from?
2:38 - Who can apply for a Digital Nomad Visa?
4:04 - Self-employed vs Working for a company
6:00 - How to prove your income
7:47 - Social Security and Health Insurance requirements
10:19 - Differences with the Non-Lucrative and self-employed visas
13:27 - Application process
17:45 - Are there tax benefits?
19:43 - How Bureaucracy can help you
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About me:
Welcome to Millennials With Money!
My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.
I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.
I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.
Everybody is welcome in the Millennials With Money community! Let's get this money!!!
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Music by Epidemic Sounds: share.epidemicsound.com/o6n1px
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#spain
#digitalnomad
#expat
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DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial, legal or immigration advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.

Опубликовано:

4 авг 2024

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Комментарии : 22

@MillennialsWithMoney 28 дней назад

Remember, there's a 10% special discount when applying for you Spanish Digital Nomad Visa with Bureaucracy! www.bureaucracy.es/millennialswithmoney

@Silvercp28 6 дней назад

If you are from the U.S. and an employee, or known as a W2 worker, the visa will NOT be approved unless your company has an office/ branch in Spain and pays social security directly 😉. In other words, you must be either a self-employed person and / or have your own company paying social security directly to Spain. Keep in mind that timing is critical for spanish taxes as you will NOT want to pay taxes for an entire year in Spain on ALL assets worldwide! Do not move to Spain and remain within the country for 183 days or more. Keep in mind, U.S. citizens have only 90 days when trying to move abroad to get approval for the DNV, and it may take 6 to 8 months for visa approval. By the way, you cannot exit Spain if visa is still being worked on w an extension. Very important, immigration lawyers are NOT tax experts in Spain!!!

@DemyCruzJrStudio 24 дня назад

Very insightful! Thanks, Jonny and Marina! :)

@MillennialsWithMoney 24 дня назад

Thanks for watching!!

@doehetalsnijnkonijn 28 дней назад

Great video, Marina seems very knowledgeable and explains very clearly.

@MillennialsWithMoney 28 дней назад

@@doehetalsnijnkonijn thanks for watching! Yes she definitely knows her stuff!

@BRIYONCE1 29 дней назад

Another fantastic interview thank you. Could you one day do a short video clearing up the working for your own company.

@MillennialsWithMoney 28 дней назад

@@BRIYONCE1 thanks for watching! Do you mean explaining what it means to be self employed with a company?

@Mattob9926 28 дней назад

Great video! Very helpful

@squarepeg4435 18 дней назад

Great video! Thank you. We signed up with Bureaucracy and excited to hear back. To clarify: if I apply as DNV, my spouse doesn’t have to be autonomo?

@MillennialsWithMoney 18 дней назад

@@squarepeg4435 awesome, thanks for watching and good luck with your application!! What Marina was referring to there is that if a spouse wanted to be an autónomo then they could, but there’s no obligation to do that. They could also seek employment or not work as well as I understood it. Of course though the income requirements increase slightly for a second applicant. Marina will be able to clarify for you 😊

@Mattob9926 28 дней назад

So just to clarify if you are successful at obtaining the digital nomad visa, straight away you need to register as an autonomo? Which will grant the public healthcare

@MillennialsWithMoney 28 дней назад

This is what I understood yes, unless the social security convention between Spain and the applicant' shome country dictates otherwise with regards to access to the public system. Marina and the team in any case can clarify specific cases 😊

@stephengregorypink4177 25 дней назад

Hey so, my employer has said I can work in another country if I wish (I am full time employed UK) What is confusing me is - when my UK payroll process my pay do I pay 2 lots of tax???

@MillennialsWithMoney 24 дня назад

You should speak to a tax professional about this - normally no as Spain and the UK have a double taxation treaty but a tax expert will be able to explain the specifics. Hope this helps!

@stephengregorypink4177 24 дня назад

@@MillennialsWithMoney Amazing thank you 🙏🏼

@turns2ashes 2 дня назад

Can you use dividends for proof of income? If so how much history do you need?

@MillennialsWithMoney 2 дня назад

Good question - officially I’m not sure but I spoke to someone who said that by having savings in the bank she believe it her application, so maybe the same applies with dividends. Hope this helps!

@turns2ashes 2 дня назад

If I work 100% in the UK do Ibhave to pay tax on my earnings in the UK AND in Spain?

@MillennialsWithMoney 2 дня назад

Definitely speak with a tax professional about this to understand the specifics of your situation, but my understanding is that is that you will pay tax based on your tax residency and any tax paid in the one country can offset tax paid in the other where applicable since Spain and the U.K. have a bilateral agreement. Hope this helps!

@RobinAsp77 28 дней назад

According to spanish government webpages the minimum wage for one person is not that high.

@MillennialsWithMoney 28 дней назад

It's about €16k annually (€2.2k over 14 pay periods) at the time of writing this comment (source: La Moncloa). So a single applicant would need to be making around €32k annually. Each person on the application increases the total by about €7k if I'm not mistaken.