MOVING TO SPAIN IN 2024 🇪🇸 Where to live, residency, taxes & cost of living

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A move to Spain is exciting! But securing residency, taxes, cost of living and which city to live in can leave you with questions about your move. In this video I address all of these things to help you out!
You might find this video interesting:
• SPAIN'S NEW DIGITAL NO...
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Mentioned in this video:
🔹 Visa info for moving to Spain: www.exteriores.gob.es/Consula...
🔹 Idealista property pricing reports: www.idealista.com/sala-de-pre...
🔹 Income tax in Spain: www.bankinter.com/blog/finanz...
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Chapters:
0:00 - Intro
0:36 - Residency and visas for foreigners
4:06 - Where to live in Spain
8:16 - Taxes in Spain
10:40 - Cost of living - Rent, Energy & Food
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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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#spain
#spaintravel
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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 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 : 589

@MillennialsWithMoney 6 месяцев назад

Applying for one of the visas mentioned in this video? Get a special discount with immigration experts Bureacracy using my link! www.bureaucracy.es/millennialswithmoney

@sam.victor470 3 месяца назад

An excellent video.Very correct and useful advice on say, a British person wanting to live in Spain. The golden rule for everybody, irrespective of level of officially proven income, (to first get an approved and essential visa), is learn to speak, read and write Spanish. It empowers you when communicating with all types of people, both necessarily and merely casually. Wherever you decide to live in Spain, quality of life will become a lot easier.

@MillennialsWithMoney 3 месяца назад

@@sam.victor470 thanks Samuel!! Completely agree, learning Spanish and about Spanish culture will make the experience much easier and infinitely more enriching and enjoyable 🇪🇸

@sunnyla2835 2 месяца назад

Thanks!👍

@pepitaperez1234 4 месяца назад

I have been living in UK for 11 years because of work. I am Spanish and I miss my country greatly. I am thinking about going back. It is just wonderful there. The social life and the traditions, the food, the joy of living, the music impregnated everywhere, the positivity, ...and obviously the weather. THE SUN! It simply does not visit UK very often. I can't wait to go back!

@royr8982 4 месяца назад

I really want to move to Spain from the US. I'm in the process of learning Spanish. Which city/region would you recommend to hear the most neutral accent? Also, the friendliest in terms of making friends? Thank you.

@pepitaperez1234 4 месяца назад

@@royr8982 Hi! Glad you like Spain. Is really a very good quality place to live. The city, depends on your likes and dislakes. I am from Valladolid. It is great there, but it is cold in winter. Spring is fine and summer is very hot like the rest of the country mainly. Have a look at Valencia, if you like to be near the see. Although, inland Spain is a must, really rich in culture, history, gastronomy, art, literature.... Spain is a modern country, easy to travel and so different from north to south. You won't get bored there. People are very friendly and like socialising. We know how to enjoy life. We do not need much to enjoy, just a cup of cofee and specially good company. Madrid is great (too busy and big for me though), I particularly do not like Barcelona to live, but that is absolutely my opinion. I think It is overrated. I would invite you to travel a bit in Spain and get to know it a bit more and you will be able to decide easier. The north is absolutely beautiful with the mountains and the sea and those little coastal towns and villages. Foreign tourists always choose the south and mediterranean area, but they are missing al lot what the north of Spain offers. Having lived in the beautiful UK for 11 years already made me compare and realize what I had and took for granted when I was living in Spain. And how much I need it and miss it. To learn the best Spanish... central Spain (Castilla y Leon region: Valladolid, Salamanca, Leon, etc)

@royr8982 4 месяца назад

@@pepitaperez1234 Thanks so much for your detailed response. Muchas gracias ;)

@MillennialsWithMoney 4 месяца назад

Thanks for watching!! Wish you the best in your future plans if you decide to go back to Spain 😁

@AFVEH 2 месяца назад

As a Spaniard, my number one recommendation if you come here is to come with a job already. Don't expect to find anything here, for real. I'd love to stay, but I'm in the process of leaving because jobs are just inexistent.

@MsElke11 Месяц назад

That is why old people retire there while young people leave.... but who is going ot take care of the old people when the time comes....?

@AFVEH Месяц назад

@MsElke11 No one, that's a huge problem our government isn't addressing. By the time my generation retires, there will be no government pension money, and people aren't saving up because they think they will actually have a state pension when they won't. The average Spaniard in their 20-30s will live in absolute and utter poverty unless some drastic government change occurs.

@MsElke11 Месяц назад

@@AFVEH yes, like not letting the obiden SANCHEZ commie regime cheat in the next elections, again.

@rebecahazelgrove 11 дней назад

@@MsElke11inmigrants

@minigrande1939 2 месяца назад

Im a British chap living in Spain and life is not as hard as it is in the UK . Theres only one thing you need to "learn the language" integrate into the Spanish community.I live in a total Spanish environment .im not saying become Spanish .im saying dont close of into an expat community where your anti Spanish ,everything will cost you alot more and all is more difficult.Life here is great ,crime is literally non existent no gangs no stabbings no robberies (well veey minimal theres drugs but again Spanish attitude is alot more liberal and they help rather than hate.The weather plays a huge part in personal well being because less to worry about heating, insulating ,housing keeping warm .

@MsElke11 Месяц назад

ok ok so where in Spain are you living??

@minigrande1939 7 дней назад

@@MsElke11 lol Almeria. Alot less touristy but only an hour front Granada 90 minutes to Málaga under the the Sierra Nevada and on the coast .where I can buy a house for 40 grand because I buy it from Spainish people local not those clever to promote at double price in Northern Europe.or rent a decent apartment for 300 euros a month most of Europe's vegetable and fruit are grown here . literally free at the ripe times but best of all there's alot less hate mustered up from robbing governments .It breaks my heart the ignorance evolving in England.

@bezsie8518 5 месяцев назад

Wow? First Brit who pronounces Spanish word just PERFECT! Increíble pero cierto.

@MillennialsWithMoney 5 месяцев назад

¡Muy amable! 😁

@TheRealSnakePlisken 5 месяцев назад

Agreed. Pronunciation even better than Blick. Just like a true Spaniard.

@thespaindiaries 2 месяца назад

Just....HUGE thank you. HUUUUUGE. About five months ago, my husband and I were going through some stressful moments with family, finances, etc. (The usual.). We've been talking about moving to Europe for years, and he finally said "Now might be the time. What's stopping us??" So, I jumped on that train REAL fast and started researching places to live. I found this video pretty quickly and watched from beginning to end...multiple times. We've set a date to move to Alicante in April, when our lease is up. We are moving (me, husband and our 1 year old pup) on the DNV and are in the process of selling everything! The way we think about the present and future has completely changed. We've done five months of intense research and are SO excited to touch down in Spain and get this adventure going!!! I just wanted to say thank you SO much for your videos and information!!!! They were there at the perfect time for us!!! :D

@MillennialsWithMoney 2 месяца назад

This comment has made my day!!! It’s exactly what Millennials With Money is all about and I’m so happy for your family that you’re able to start your new lives in such a wonderful country. Thank you so much for taking the time to write and I’m glad that the video was helpful!! Un abrazo 😁🇪🇸

@greycats99 5 месяцев назад

I used to live in Spain for about 15 years from 1995 to 2010. I moved out (to The Netherlands) during the financial crisis as Spain (and myself) was really struggling back then. I am now almost 50 y.o. and I often go to Spain just for holidays, since I still have many friends and an apartment there. I live in Italy now - which is where I was born - and I believe I will not move back to Spain until I retire. The reason is that, in my opinion, Spain is the perfect Country for somebody who just want to enjoy life, good weather, relaxation and good food. NOT if you must work there, it is not a good Country to live in as although it is true that the cost of living is generally lower than other European Countries, so are the salaries. I would never work for somebody in Spain again. Good luck with your channel!

@MillennialsWithMoney 5 месяцев назад

What an experience, a life well lived by the sounds of it 😁 many thanks for watching and for commenting!!

@aurematic 5 месяцев назад

As an spaniard who left Spain, I confirm what @greycats99 said. Perfect country for retiring, horrible country to work or entrepeneurs.

@royr8982 4 месяца назад

@greycats99 4 месяца назад

@@royr8982 Regarding the friendliness of the people, I don't think you can go wrong with any region in Spain. They are all quite friendly, to be honest. In terms of accent, they say that Valladolid has the clearer accent. If learning Spanish without influence of any regiional accents is important to you I would then avoid Andalucia, Murcia, Cataluña, Basque Region, Galicia. They probably have the strongest accents. Good luck!

@royr8982 4 месяца назад

@@greycats99 Wow. Thanks so much for the detailed response. Feliz Viernes

@OldAssSax 7 месяцев назад

Great information! Thanks for the quick, but detailed overview of the different costs!

@MillennialsWithMoney 7 месяцев назад

Thanks for watching Mike!! Asturias and Galicia are great parts of Spain!!

@PreodolenieZavisimosti 4 месяца назад

Lots of useful info, well structured and always staying on point. Well done, mate!

@MillennialsWithMoney 4 месяца назад

Thanks for watching mate!! Glad you found it helpful 😁

@stefanoprivetto6744 7 месяцев назад

Wow what a excellent vid. Straight to the point, I've just found you I look forward to exploring previous posts.

@MillennialsWithMoney 7 месяцев назад

Thanks Stephen!! Glad you enjoyed it 😁

@garyfryer5334 4 месяца назад

@@MillennialsWithMoney Still think its a good idea??🤣

@ig2949 5 месяцев назад

Thank you for your video. I especially appreciate how you showed those beautiful northern places like the Balearic Islands> I definitely want to check them out. Thanks again.

@MillennialsWithMoney 5 месяцев назад

Thanks for watching!! Glad you liked it 😁

@marcusyeah1997 Месяц назад

This video was so much more helpful than all the other videos about moving to Spain is! Good job

@MillennialsWithMoney Месяц назад

Thank you Marcus!! Glad you found it helpful 😁

@tinat8141 2 месяца назад

Exceptional video! It was well thought out and covered information that is not usually discussed. Thank you for taking the time to distinguish how much taxation can differ in different regions. Thank you for producing such quality content of value. Continued success!

@MillennialsWithMoney 2 месяца назад

Thank you for the kind words Tina!! Glad you were able to get some useful info out of the video 😁

@rod4095 2 месяца назад

Great summary. I lived in Madrid for 3 years in the early 1990s and loved it

@MillennialsWithMoney 2 месяца назад

Thanks for watching Rod!! Madrid is indeed a great city 😁

@kw7103 5 месяцев назад

Informative video and straight to the point.

@MillennialsWithMoney 5 месяцев назад

Thanks for watching!! Glad it was helpful 😁

@Adrofe05 6 месяцев назад

Soy español y os recomiendo Andalucia (Granada, Cordoba o Sevilla) o la Comunidad Valenciana (Valencia o Alicante), además del Norte (Galicia, Asturias o Cantabria) ❤😊❤

@MillennialsWithMoney 6 месяцев назад

Gracias Adrián!! Coincido con tus recomendaciones totalmente 😁🇪🇸

@xaviercarrillo3492 6 месяцев назад

Sí por favor, que no vengan más a Barcelona! 🙏

@royr8982 4 месяца назад

@michelleg7 2 месяца назад

Consideraría Jerez de la Frontera porque de allí son mis antepasados. Entonces es especial para mí.

@michelleg7 2 месяца назад

@@royr8982 Canary islands honestly but since Spainards have distincion in their Spanish and then the south of Spain has ceceo, latin america has seseo so I would say do research on the regional accents but majority of Spain is distincion.

@antonioramos1781 6 месяцев назад

Thank you, you give a lot of info in your video about different visas and that is great, and also about taxes and living. I am A Spaniard living in the US and considering retiring in the Alicante zone. I have dual citizenship and am looking to invest in the area where I will move. Great info!

@MillennialsWithMoney 6 месяцев назад

Thanks Antonio!! Glad you found the video helpful and all the best with your plans to move to Alicante!! 😁

@DemyCruzJrStudio 28 дней назад

Great video, Jonny! I started my process of moving to Spain in the coming months and this is very insightful. Thank you!

@MillennialsWithMoney 28 дней назад

Thanks for watching Demy!! Glad you found it helpful 😁 all the best for your move!!

@stevemcclure2879 2 месяца назад

My first time on the channel. Great video and information!

@MillennialsWithMoney 2 месяца назад

Thanks for watching Steve!! Glad you found the info helpful 😁

@tyronebiggums5547 4 месяца назад

Pretty good comprehensive video bro be good and intersting to see many other countries in this exact video format, at least for european countries anyway!

@MillennialsWithMoney 4 месяца назад

Thanks Tyrone!! Might have to start relocating once a year and cover them all off 😂 I’ll see if I can do something though!

@arebolar 6 месяцев назад

Very good summary. Very well researched

@MillennialsWithMoney 6 месяцев назад

Thanks for watching!! 😁

@davidturnbull265 6 месяцев назад

Great and informative video. Many thanks.

@MillennialsWithMoney 6 месяцев назад

Thanks for watching David!!

@ASMRJusTravelz 2 месяца назад

very good video...to have all details for people who want to move in spain

@janicegarciacucharero-od5xe 3 месяца назад

Im thinking of moving to Torrevieja within a year, fingers crossed my dreams come true. Thanks so much for your very informative video.

@MillennialsWithMoney 3 месяца назад

Thanks for watching Janice!! Wishing you all the best with making your dream a reality! 😁🇪🇸

@davidisherwood7322 6 месяцев назад

Fantastic content, perfect to help any English speaking person to dream a great holiday or a great life in Spain. My go-to video on Spain this year! I really appreciate and value this information. Top class RU-vid!

@MillennialsWithMoney 6 месяцев назад

Wow thank you so much for your kind words David!! 😁

@davidisherwood7322 5 месяцев назад

You're more than welcome, great work to help others while helping oneself. Provide a needed service, and you're bound to succeed. We need more of this. Thanks again, I will use the info. 😊

@acc2mdk1 5 месяцев назад

Such a great viseo and appreciate it so muxh. Would love to hear about Las Palmas if possible. You briefly mentioned it it but would a more in-depth video .

@MillennialsWithMoney 5 месяцев назад

Thanks Aaron!! Will keep in mind for a future video 😁

@HaleysHappyHomestead 3 месяца назад

Very helpful and informative. Thank you!

@MillennialsWithMoney 3 месяца назад

Thanks for watching Haley!! Glad you found it helpful😁

@John-Val056 2 месяца назад

Great video, have consider it. Doing research at this point.

@MillennialsWithMoney 2 месяца назад

Thanks for watching John!! All the best with your research!

@johngriffiths4474 2 месяца назад

what a great video looking forward to seeing more !

@MillennialsWithMoney 2 месяца назад

Thanks for watching John!! Glad you enjoyed it 😁

@johnnybermudez 5 месяцев назад

Great insight... Thanks for sharing!

@MillennialsWithMoney 5 месяцев назад

Thanks for watching Johnny!! Glad it was of use 😁

@shinyshinythings 2 месяца назад

You covered a lot! Re electricity another important consideration is time of day - you may find you have lower rates at night and on weekends.

@MillennialsWithMoney 2 месяца назад

This is true, thank you for commenting!

@saajeeb 5 месяцев назад

Wonderful video, informative. Thanks!

@MillennialsWithMoney 5 месяцев назад

Thanks Saajeeb!! Glad you found it useful 😁

@charlied4435 3 месяца назад

Very informative, thank you. Am a recently retired boomer, not a millennial, but have often fancied retiring to the sun, so the non work visa sounds interesting.

@MillennialsWithMoney 3 месяца назад

Thanks Charlie!! Hoping your dream of retirement in the sun can become a reality 😁🇪🇸

@nobby4528 5 месяцев назад

thanks.. very interesting and informative.. pricise.

@MillennialsWithMoney 5 месяцев назад

Thanks for watching!! Glad it was helpful 😁

@Tasks. 6 месяцев назад

Good video Johnny, i have followed since seeing you on Stu Spain speaks vids. I would specifically like to live in Santander region or basque country around Bilbao or Vitoria-gazteis, the nature and landscape are so beautiful. I have no problem with the weather up there too. However my life in Sydney with my young family is very good and would be a difficult move, but something i'm considering.

@MillennialsWithMoney 6 месяцев назад

Thanks Thomas for watching and for supporting my channel for so long!! Wishing you all the best with your relocation plan!! 🇪🇸

@juliabrinco350 6 месяцев назад

Soy brasileña vivo en Santander y estoy pensando en migrar para el sur de España

@BigCityNights87 5 месяцев назад

I'm from Santander but been living in the UK since 2018. Unfortunately, I've been outpriced from London and (unless a miracle happens) I will be returning to Santander in late May. It just breaks my heart. It's interesting to me seeing how many people want to make the move to Spain because the country is all over the place and the job market is rather dry. I guess most of them are working remotely for international companies? I'm determined to take this as a break from the hustle and bustle of the Big Smoke and start planning to move to other part of the world. I'm glad people like my hometown though, quality of life wise is second to none 💚💙

@butterflytotem 7 месяцев назад

Thank you Johnny! Just what I needed it 😄🙏💜

@MillennialsWithMoney 7 месяцев назад

Thanks for watching!! All the best for your Spanish dream! 😁🇪🇸

@allyson1691 6 месяцев назад

Great video and awesome info thank you. Can you watch your video transitions that can seem like something coming at me, it is a bit disconcerting.

@MillennialsWithMoney 6 месяцев назад

Thanks for watching Allyson!! Feedback taken on the transitions, always working to improve video quality 😊

@user-xw4cr 6 месяцев назад

thank you!!

@SpainGuru 2 месяца назад

Great video, very informative!

@MillennialsWithMoney 2 месяца назад

Thanks for watching!! Glad you found it useful 😁

@MysticScapes 2 месяца назад

Dude, I pay almost 50% taxes in Denmark, so this is heaven for me!

@ProduccionesPulaSA 2 месяца назад

Its nice to know, i can say that when people complain here about taxes.

@LibertarioEconomista 2 месяца назад

i pay 17,5% taxes in switzerland, this is the hell

@antoniolopezlopez4236 2 месяца назад

I lived in Germany and there i was paying total taxes next to 43%. In fact in Spain, the 50% tax rate is not completely true. Taxation works by sections. The first 20.000 of your yearly gross income is exempt, then you play 30% but only for the section from 20.000 to 35.000, and finally you have to pay 45% only for the section of your yearly gross income above 60.000. So at the end it´s not like you pay 45% of all your incomes throughout the year, only proportional parts for each section.

@wolfsabani9520 6 месяцев назад

I have looked at many videos regarding moving to spain, this was the most comprehensive and straightforward. Thanks

@MillennialsWithMoney 6 месяцев назад

Wow thank you so much!! Glad it helped you 😁

@serinadelmar6012 5 месяцев назад

Johnny is a gem, always has such an articulate and sagacious take (and his Spanish accent is perfect!).

@MillennialsWithMoney 5 месяцев назад

@@serinadelmar6012 thank you Serina!! Very kind of you 😁

@yogiparashara4016 6 месяцев назад

Great video buddy 😊

@MillennialsWithMoney 6 месяцев назад

Thanks for watching Yogi!!

@ericm_alvarado 6 месяцев назад

El acento pronunciando Sevilla y Granada 👌🏻👌🏻👌🏻👌🏻10/10

@MillennialsWithMoney 6 месяцев назад

Gracias!! 😁😁

@thorstengeh 4 дня назад

Thanks for your advice!

@MillennialsWithMoney 3 дня назад

Thanks for watching!!

@carlosfernandez-jg1vq 6 месяцев назад

As a spaniard I would recommend you check out the cities of the interior of the country and the north. The likes of Valladolid, León, Burgos or the basque country and Asturias. When this guy say empty Spain, there are several cities over 300.000 people where the cost of living compared to income is way better than in Madrid or BCN. If I were to move to Spain I wpuld check that out

@MillennialsWithMoney 6 месяцев назад

Thanks Carlos for your recommendations!!

@peggymckenzie5290 6 месяцев назад

Valladolid is a lovely city. I live in Zaragoza (which I love) and visited Valladolid over the Christmas break.

@phoenix0477 6 месяцев назад

@@peggymckenzie5290 Hi.. I'm in Zaragoza to, and visited Valladolid over Christmas as well, as my husbands grandmother lives there. I really like Valladolid. We were sitting in his uncles apartment watching people ice skate, and we walked around the park looking at the Peacocks. 😊 I think it's such an under rated city. At least the fogs gone from here now though...

@Grogu01 4 месяца назад

@@phoenix0477how is the cost of living ? 🙂 we’re still debating which country to move too, we haven’t visited Spain but we really love Japan

@phoenix0477 4 месяца назад

@@Grogu01 The cost of living is OK. I've just moved to a two bed apartment with a huge living room in the city center and I pay about €750 a month. Waiting for my 1st utility bills to arrive, but gas is included in the rent. Groceries are more or less the same as they were when I lived in Germany, but eating out and alcohol are much cheaper. Around €3 for a beer and meal around €16+ depending on which bar/restaurant you choose. Zaragoza is super safe. In 2 years I've never witnessed anything. It is quiet though, so if yr looking for more life Madrid is great (expensive my brothers in law live there) or Valencia is beautiful and it's on the coast. Would I have chosen to live here if it wasn't for my husband? Its hard to say as it's only been 2 years, and I'm still homesick from Germany (even though I'm British, I'd lived there 16 years). Come to Spain and visit 1st (if you can). It is an amazing country with so much to see and do.

@user-hb1zf8yu2u 7 месяцев назад

Interesting video ❤

@sketchyhead5878 14 дней назад

Very very helpful, thank you.

@MillennialsWithMoney 14 дней назад

@@sketchyhead5878 thanks for watching!! Glad you found it useful 😁

@hmq2007 6 месяцев назад

Excellent video. I would have also added a discussion about Spain's wealth tax (as well as its temporary "solidarity wealth tax").

@MillennialsWithMoney 6 месяцев назад

Good point! One for a future video maybe. Thanks for watching!!

@user-pn8dq6vt4s 6 месяцев назад

The wealth tax, combined with Spain’s absolutely punitive taxation of American retirement accounts made us rule out an early retirement there, despite the fact that we already own a villa in costa del sol. If you have money, Spain really doesn’t want you!

@mitp2514 6 месяцев назад

Just came across your video.. Helped out alot in certain questions i had. I am looking at the non lucrative visa option and go on from there to permenment residency.. Now researching on good lawyers to stream line the process

@MillennialsWithMoney 6 месяцев назад

Amazing!! Best of luck and thanks for watching!! 😁

@michaelkenny1326 5 месяцев назад

Hi just watching your video if i have a irish passport, would i be able to move to spain and have permanent residence, many thanks for the video @@MillennialsWithMoney

@MillennialsWithMoney 5 месяцев назад

@@michaelkenny1326 hi Michael, it takes 5 years to be granted permanent residency status, but with an Irish passport you have freedom of movement to live and work around the EU so you could move to Spain without too much difficultly 😊 hope that helps!

@IrishAndroidGuy 6 месяцев назад

Thanks a mill for this video 😄 moving to BCN in April and can’t wait! Just wondering if the residency you mentioned at the start (I think el padrenamiento) is required first for NIE. Or if both are mandatory if you’re coming from the EU?

@MillennialsWithMoney 6 месяцев назад

Thanks for watching Ayo!! From experience and what I’ve heard, if you’re an EU citizen and you don’t have a NIE number when you do your residency appointment they assign you one on the day. In my case I already had one before my residency appointment. Also some autonomous communities prefer empadronamiento before getting residency and vice versa, so can present an interesting dilemma.. nevertheless it’s overall much more straight forward for EU citizens. Hope this helps!!

@g.p.g.9084 7 месяцев назад

Got a little house in Costa Blanca last year. Hoping to fully move to Spain in September '24, work situation permitting.

@MillennialsWithMoney 7 месяцев назад

Congratulations!! Hope it works out for you 😁

@kisonpuker 5 месяцев назад

vivo en España y soy español tu video ha servido para dar luz sobre aspectos que no conocía por no necesitarlos, en español podria servir para que españoles que se quejan de lo facil que es venir a España se dieran cuenta de que no es tan facil ni tan barato, muy informativo

@MillennialsWithMoney 5 месяцев назад

Muchas gracias por tu comentario!! He pensado algunas veces si hacer contenido en español o no, a lo mejor subo algún vídeo en el futuro😊 un abrazo y gracias por ver el vídeo!!

@quanchyplimp 5 месяцев назад

Where did you get your rose coloured glasses from?, I want a pair!

@robklein1981 6 месяцев назад

Great video. Would enjoy your suggestions for a US retiree and places that might from a tax perspective be better (Andalusia?).

@MillennialsWithMoney 6 месяцев назад

Thanks Dr Robert!! In my opinion Andalucía isn’t too bad for taxes, although if you’re open to the north of Spain the Basque Country has its own fiscal regime which I believe is also quite advantageous. Worth looking through with a tax expert in any case when you come to deciding where to live. Hope this helps and all the best with your plans!! 🇪🇸

@angelicapeach858 22 дня назад

Buenos dias, gracias por el video. I wanted to ask about your microphone and set up. You sounded so clear and I wondered what kind of camera etcetera you're using as well? Do you have any extra soundproofing? We love it if you can show your full setup. Gracias Amigo 🌻

@MillennialsWithMoney 22 дня назад

@@angelicapeach858 hi! I have a Maono AU-PM422 USB condenser microphone which plugs directly into my computer, and camera is a Fujifilm XS-10. On the wall that I face when I record I have some foam padding to insulate close to the mic and reduce echo in the room a little bit. I may indeed share my set up in a future video 😊 thanks for watching!!

@travelwithminni08 11 часов назад

great nd very helpful and informative video…but i hv already residencia 👍🏻

@curtiserecacho1401 6 месяцев назад

Gracias 🙏🏾

@MillennialsWithMoney 6 месяцев назад

¡¡Gracias a ti!! 😁

@jcs3330 5 месяцев назад

Good informational video. Once you have conquered all the administrational bureaucracy, emigrating is more about the 'mental adjustment' more than the former, has that is just the system.I moved to spain Benalmadena, Malaga, up in the hills above the coast in early 2019. Sadly I left 3 years later due to loosing my boy suddenly yo leukemia out there 1 year after we both arrived. Although many single/individual people immigrate abroad, I believe it is easier to settle in and remain if you go with family or have a good , trusted social group around you. With regards to water and energy suppliers, If I remember correctly there are only two - Embessa (water) and Endessa (electricity) both being expensive rates with no choice to swap suppliers due to there not being any. Prior to my unfortunate personal loss, I loved living there once I had settled and made a few close friends. Apart from the warm weather, I miss the landscape backdrop of the pine green covered mountains, blue skies fantastic evening sunsets and the clean air and the more importantly, the respectful social interactions across all generations and low crime...something which is at large in the UK and London.

@MillennialsWithMoney 5 месяцев назад

Glad you enjoyed your time in Spain JC, indeed the nature is incredible. There are other energy suppliers on the market as well but indeed still expensive, and the water supplier depends on your municipio or province I believe. So sorry to learn about the circumstances in which you ultimately left 😔🕊️

@janetm6092 5 месяцев назад

Sorry for your loss

@baurjan123 2 месяца назад

Very sorry for your loss!

@jcs3330 2 месяца назад

@@baurjan123 Thank you.

@michaelmarmion648 6 месяцев назад

Great review, I have spent the last 3 years meandering round mostly Asia and Europe and my choice to drop anchor is Spain, Malaga to be precise. The favourable climate and cost of living make it a no brainer. I’m an Irish born Australian dual citizen, both of my homelands are unsuitable, Ireland for its horrible weather, the Roman’s refused to invade Ireland saying it’s a good place to rear cattle it’s also become very expensive and is overrun by refugees and asylum seekers, Australia has become too expensive with the cost of living double that of Spain.

@junuc10 7 месяцев назад

I am a Spanish/EU and also a US citizen.....I have lived in the US all my life but will now be moving to Spain. I am thinking about moving to the Andalucia or Alicante regions. Asturias looks tempting but the cost of living and weather are big factors for me.

@MillennialsWithMoney 7 месяцев назад

Nice and easy route for you to come to Spain! Indeed the north can maybe be a bit more expensive than other regions of the country but Alicante and Andalucía are great regions anyways 😊

@raidensergi2378 7 месяцев назад

Depends of what kind of live are you finding in Spain. For retiree andalusia is the best, and of course canary island. If you want to work, I think Madrid Will be the best choice.

@MillennialsWithMoney 7 месяцев назад

@@raidensergi2378 agree with you 🙂

@CrappyBJJBlueBelt 6 месяцев назад

Málaga is pretty awesome, as well as the smaller towns on the coast (like Torre del Mar) that have a lot of locals who live there all year round. It’s a lot less expensive than Madrid or Barcelona.

@xalau5270 6 месяцев назад

Asturias is not expensive but the weather might be a problem. You better go to Alicante

@mr-vet 6 месяцев назад

My wife has over 2 dozen family members who live in Barcelona. Spain is one of me and my wife’s choices for retirement (Italy, Germany, and France are other choices in Europe). We are both US citizens-she is naturalized; born & raised in Ecuador. She is eligible for Spanish citizenship after 2 years residency, as she is originally from Ecuador. I may pursue Ecuadorian citizenship as her spouse (2 years residency required) as she still has a few years before retiring; then we both could move to Spain and become citizens after 2 years, based on Ecuadorian nationality.

@MillennialsWithMoney 6 месяцев назад

Nice!! I could be wrong but the 2 years may only apply to Latin American citizens from birth. But there are other ways to get Spanish nationality, such as marriage to a Spanish citizen, which might be a possibility be your case after your wife becomes a Spanish citizen 😊 an immigration lawyer will be able to give you personalised and professional advice. All the best with your plans to come to Europe!!

@coolrunnings5383 6 месяцев назад

If you go for Spanish citizenship you will have to surrender your US citizenship as a result. I thought about this option also but, para mi, it’s not worth it

@MH-et5sn 5 месяцев назад

@@coolrunnings5383 That's just not true. You can have dual citizenship in both Spain and Ecuador. The US has no limits either.

@coolrunnings5383 5 месяцев назад

@@MH-et5sn If you are from one of the former Spanish colonies (Ecuador included) then you can keep that citizenship upon obtaining Spanish citizenship. But if you are not from a former Spanish colony, you must surrender that one. I speak as a Biritish citizen with experience of this.

@Chinedu311 7 месяцев назад

I stay in Barcelona, hope to explore other places of Spain soon

@MillennialsWithMoney 7 месяцев назад

Awesome!! Hope you’re enjoying it there! 😁

@Chinedu311 7 месяцев назад

@MillennialsWithMoney yes I am so far, I have a feeling tax is going to give me headache next year. I heard about taxdown in your previous video, I'll explore that. I hope it caters to Beckham Law candidates as well

@Mark.Claughton 4 месяца назад

Can i not come over on a boat without a passport and get special treatment

@ShermanNx-jc4tp 5 месяцев назад

How about water rates and public transport? It would be great if you could do a typical month of bills breakdown.

@MillennialsWithMoney 5 месяцев назад

Thanks for the suggestion, will add to my list of video ideas 😊

@DADBUD23 6 месяцев назад

What visa would i need if i have passive income and want to move with my partner and three kids ? regards

@davidanderson5411 7 месяцев назад

I sold my house in Warsaw, Poland, and now I'm looking for a villa in the Valencia/Benidorm area and two investment flats. However, I'm concerned that I will suddenly be pushed into wealth tax bracket. That seems ridiculous because I don't consider myself wealthy

@MillennialsWithMoney 7 месяцев назад

Beautiful parts of the country but also some of the highest in taxes 😬 there are certain exemptions in the calculation of the wealth tax, like your primary residence, but worth sitting down with a gestor to look at. If you’re thinking of investing in Spanish property you might find my video on the recent legislation changes helpful: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HzKszLuhlns.html. Thanks for watching and all the best with your search!

@davidanderson5411 7 месяцев назад

@@MillennialsWithMoney yeah I watched them all, that's why I'm worried ;)

@andrewort4537 6 месяцев назад

@@davidanderson5411 Andalucia and Madrid have abolished wealth tax.

@redcat3583 4 месяца назад

The digital nomad visa is practically not possible for Americans because Spain requires a form that must be obtained from SSA, and that form is impossible to obtain from SSA.

@ChaiTogether 21 день назад

Let's get this money Jonny!!!

@MillennialsWithMoney 20 дней назад

Yes Yes!! Thanks for watching!! 😁

@davidc3850 23 дня назад

This was a great video and really helpful. We're considering moving to Spain (probably Almeria or Murcia) and the costs you've described really help us. One question for you, what about healthcare costs ? We're both retired and need several items of monthly medication. I've seen it's necessary to have medical insurance but can't find any details about cost. Also would we need to pay for our monthly prescription items and if so could you give any idea of the likely costs ? Thanks for any help you can provide.

@MillennialsWithMoney 23 дня назад

Thanks David!! Health insurance costs can vary greatly depending on the person but having looked around they typically start around €40 per month and can go up to €200 per month. There's a couple of Spanish websites (in spanish) that can help you with a quote - Rastreador and Acierto. Might be good to try their simulators using google translate to get an idea. I'll leave you this English article which explains a bit more about the system: www.expatica.com/es/healthcare/healthcare-basics/healthcare-in-spain-101467/#costs. Hope this helps!

@davidc3850 21 день назад

@@MillennialsWithMoney Thanks very much for your fast reply, I'll check out the link.

@wanderein 16 дней назад

Thanks for the informative video. Aside from taxes, does where you live matter in terms of quality/ease of social/health services?

@MillennialsWithMoney 16 дней назад

Thanks for watching!! It shouldn’t make a difference in theory, but because the regional governments have their own budgets for these services they may allocate their budgets differently across different areas. But I think the general quality should be broadly similar. Hope this helps!

@wanderein 16 дней назад

@@MillennialsWithMoney thank you!

@deanfrain3391 3 месяца назад

My brother told me when you going on holiday to Spain that you can at least stay there a month at a time is that correct?

@rruu11 6 месяцев назад

Hi Jonny, thanks for the video, it answers most of the questions I have. Do you have any info on how taxes are paid for DNV holders? Does it need to go through a CPA or an online portal where we can file and submit payments?

@MillennialsWithMoney 6 месяцев назад

Hey, the tax declaration in Spain is now done online through the Agencia Tributaria website, but in the case of the DNV it might be better to go through a Gestor (CPA equivalent in Spain) because of the reduced tax rate it offers and also the fact that the income comes from outside of Spain. Hope this helps!

@rruu11 6 месяцев назад

@@MillennialsWithMoney thank you for the reply! I'll look more into this. Been planning on moving early 2025 so this helps a lot!

@MrBravij 6 месяцев назад

it's a good info dude, but it'd be good to have the monthly totals on average rent+food+bills and tax applied in different cities

@MillennialsWithMoney 6 месяцев назад

Thanks for watching! Will have a think about how to show this in future videos 😊

@steveocal1 4 месяца назад

There was no mention of health care availability and cost. Especially important for elderly. Also, what if someone just wanted to be a relatively long term tourist?

@DiogoChannel1 7 месяцев назад

Great video buddy! What net salary would you think it´s enough for a couple without kids to live in Barcelona/Madrid? Roughly of course as it depends from couple to couple...

@MillennialsWithMoney 7 месяцев назад

Thanks Diogo!! For a couple I’d say from about €2k net upwards and generally you’ll be doing alright, as you say of course depending on factors like rent, lifestyle etc. hope this helps!!

@vecsy90 6 месяцев назад

I would say €3k if you want to live closer to city centre or if you want to have a car.

@DiogoChannel1 6 месяцев назад

@@vecsy90 Honestly, you are quite right on that one, looking at the rental prices and the locations, 3K should be a good amount indeed... Barcelona has changed A LOT, not the same as 2016/17 for instance ( The year that I have lived ).

@vecsy90 6 месяцев назад

@@DiogoChannel1 We've lived in Madrid with my gf close to Retiro park. One of the better areas but far from the best. Rent was €1,200 a month and we were lucky with that (private rent). Bills another €100-150 and we've spent around €300 on food per month. That's €1,650 and then you haven't even left home yet 😅 So €2,000 a month would have been unliveable for us. But further up north or outside the M30 you can get an apartment for around €800 if you're lucky and then that's a big difference. I would only live in Madrid or Barcelona if I would have to due to work...

@99gadget99 5 месяцев назад

I absolutely love España! I can see myself living there for several months of the year in the future. Not sure just where yet, I need to do more exploring! Thanks for the very helpful video!

@MillennialsWithMoney 5 месяцев назад

Thanks for watching and glad to hear you’re enjoying Spain!! 🤩🇪🇸

@GMS121 2 месяца назад

I work offshore in the UK & earn enough to meet the NLV income requirements for myself and my partner. I found this to be a bit of grey area as I am “working” albeit outside of Spain. Can anyone clarify if this is possible? Or would our NLV’s be rejected?

@6c61 5 месяцев назад

Thanks, this was really useful.

@MillennialsWithMoney 5 месяцев назад

Thanks for watching Luke!! Glad it helped!

@chrisjones6439 6 месяцев назад

Thanks for the tips 👍 Great idea that Brexit!! Was hoping to retire to Spain, but €2400 a month proven income is a push, even though we will have a comfortable nest egg

@MillennialsWithMoney 6 месяцев назад

Thanks for watching Chris!! And sorry to hear that brexit has thrown a spanner in the works for you :( still, hoping you can live your Spanish dream one day!! 🇪🇸

@chrisjones6439 6 месяцев назад

@@MillennialsWithMoney thanks for your kind words mate. Just adding up now 😂 Maybe you can help....I would need 24000 plus about 7000 for the wife?

@Ravhalle Месяц назад

Happy to hear that you’re successful and moved to Spain. Awesome for millennials with money 😉 my experience is Spain became too expensive, groceries, food etc…. It would be great to do comparison with the reality.

@MillennialsWithMoney Месяц назад

Thank you! Great idea, a cost of living update might indeed be due 😁

@JoiaXoXo22 6 месяцев назад

Does the US and Spain have the double tax agreement? We are thinking of moving there with my husband keeping his remote job and I might want to do something small there like teaching English, start a food tour for English speakers or open a small shop. Really want to move to Spain and started taking Spanish lessons.

@MillennialsWithMoney 6 месяцев назад

Nice!! Yes there is a double tax treaty, a tax professional will be able to guide you through the specifics of it and how it applies to your situation. All the best with your Spanish dream!! 😁🇪🇸

@TravelFun-qw8pi 2 месяца назад

Thanks! We've narrowed down our search to Alicante and Valencia. Any thoughts on one over the other for expats? We have a 2 year old, my wife works from home, and I'm a photographer/writer/tutor.

@MillennialsWithMoney 2 месяца назад

Thanks for watching! Both are great cities, Valencia perhaps has better public transport and train connections than Alicante as one might argue that it resembles more of a "big" city. Tough one to call but both are within about an hour of each other, so perhaps visit both before deciding? Hope this helps!

@janithmadhu5170 4 месяца назад

I have a resident permit ( Student , Presently studying my PhD) in Austria. Now i have valid student resident permit in Austria. How can I move to spain. And settle there. What may be easiest way. Using this resident permit i am allawed to travel spain an dotehr schenegan cohntties. Hope your advice. Thank you

@jjrivera9756 Месяц назад

So if I apply for a non-lucrative visa and pay USA taxes, will I be taxed in Spain as well?

@smahier 7 месяцев назад

Wow! Gary out of Coronation Street has got his own RU-vid channel!

@MillennialsWithMoney 7 месяцев назад

😂😂😂

@heleneculioli-atwood6997 2 месяца назад

Hella I bumped into your video and I have a important remark to make. You don’t mention the medical coverage system. I have a friend who is Spanish and Swiss who decided to retire in Malaga. She speaks Spanish and started to live there with a native. She told me how difficult the procedure had been to get into the national medical system. She would not have been able to do it on her own. .

@antoniolopezlopez4236 2 месяца назад

Yes, it´s correct if you come from abroad. It´s difficult because in the past, during 90's we had people coming to Spain as tourist only to have free surgery and treatment. So, at the end, it´s needed to put some control over it. Anyway, once you are in, there is no problem.

@boodori1210 Месяц назад

1:20 NLV leads to Long Term Residence, not Permanent Residence 3:40 you forgot to mention a student visa 10:10 Wealth Tax and Solidarity Tax

@forcemajeure1731 5 месяцев назад

Fantastic video. I'm considering moving to Andalusia in the future, I have both English and Spanish nationality. I would like to ask your opinion please, if you were planning on doing a buy to let in Gibraltar. Would it be better to live as a resident in Gibraltar or Andalusia. Many thanks

@MillennialsWithMoney 5 месяцев назад

Thanks for watching!! A very good question - If I’m not mistaken rental income in Gibraltar is 20%ish up to £16k or so and then 40% on earnings above that. Spanish tax on rental income isnt that aggressive, but it is however calculated in with earned income from work. This one is best for a tax adviser as it depends on how tax residence and treaties between Gibraltar and Spain for taxation. Hope this helps give some idea nevertheless!

@MenaceSociety 4 месяца назад

Nice video but just a note... my wife is German, I am South African - I still require a visa, travelling with an SA passport. Even if for 1 day.

@user-pq5cl1oz3p 5 месяцев назад

I’m considering moving to Valencia in September 2924. Your video was very informative. Thank you.

@MillennialsWithMoney 5 месяцев назад

Great to hear John!! All the best with your plans! 😁🇪🇸

@michaelkenny1326 5 месяцев назад

Hope it's not 2924 you will be over 900 years old

@ibrahimm.6803 4 месяца назад

I am considering moving to Spain in October 3006! Hope you’re still alive when I move there.

@michaelkenny1326 4 месяца назад

@@ibrahimm.6803 I will see you then I will get the drinks in

@seandublinofficial 3 месяца назад

Hi I wanted to rent a vacation home in Europe before I decide to move for good. I was wondering what platforms do people in Spain and Europe use when looking for vacation rentals?

@MillennialsWithMoney 3 месяца назад

Hey Sean, Airbnb is popular, there is also a platform called Rentalia (by Idealista) but I haven't used the latter. Hope this helps!

@seandublinofficial 3 месяца назад

@@MillennialsWithMoney Thank you

@stuford 2 месяца назад

Hello, fantastic video so thanks. However, could you do a video on retiring to Spain! Im thinking of buying a small flat there to live and possibly renting out but dont know where to start! Thanks again!

@MillennialsWithMoney 2 месяца назад

Thanks for watching Stuart! What kind of things would you want to see in such a video?

@stuford 2 месяца назад

@@MillennialsWithMoney Hi again and thanks for the reply. I think the basic process of how to look for a prooerty, how to physically arrange a move to Spain, the buying process etc. I know thats a lot but I think many would benefit from it. Thanks again Stu

@hamid1106 6 месяцев назад

They have two types of wealth tax. Also the tax and fees for buying a house is almost 14%

@Tet-Offensive1968 6 месяцев назад

Hi there long time no see. Are you on RU-vid

@paulhornsey-pennell1931 6 месяцев назад

This is an extremely helpful video. many thanks. one question .... presumably if you are on a digital nomad visa you are not then due to pay Spanish tax. is that right? and that beckham income is incredible!

@MillennialsWithMoney 6 месяцев назад

Thanks Paul!! On the digital nomad visa one should be eligible to pay a flat 24% rate on their income (I.e. as in the Beckham law), but there are reports of this not being applied currently… let’s see what happens going forward. Hope this helps!!

@paulhornsey-pennell1931 6 месяцев назад

@@MillennialsWithMoney is there any way i could find out? i lived in spain pre brexit and have been hankering to move back but you know as well as i do you can get different advice from every lawyer or accountant you go to see. so wondering if there's one overall authority otherwise i could move there and mess it all up.

@bartstewart8644 3 месяца назад

Valencia is a top expat location? There's another video here that says long term apartment rentals are hard to come by, and you have to pay 12 months in advance, and the construction quality is low. (Paper thin walls!)

@betdavis 4 месяца назад

I am confused, there is no mention of requirements necessary for eu citizens to get residency..ie health insurance and e7000 in bank??

@MillennialsWithMoney 4 месяца назад

Yes these are general the requirements if someone is moving of their own accord without a job. In some cases EU citizens can get social security but it might require a job.

@pepegotera8598 7 месяцев назад

Spain is good for tourism, but if not, it is difficult to be a resident. In fact, 2 million Spaniards have immigrated to the United Kingdom, France or Germany due to lack of opportunities, although in the United States I believe there are only 60,000 Spanish residents. They do not like to be there. far from Spain, it was a pretty honest video on your part, I like it.

@MillennialsWithMoney 7 месяцев назад

Thanks for watching Pepe! Good that you also highlight some of the challenges of living in Spain as well.

@LadialecticaLadialectica 6 месяцев назад

I'm sorry but the information you give is false. There are not even close to two million Spaniards in those countries. There are two million people with Spanish nationality throughout the world, which is something very different. For example, there are 400,000 Spanish citizens in Argentina, of which a small part was born in Spain, the rest are naturalized because they are relatives, grandchildren or children, of Spaniards. Here are the data from the registry of those countries you name and how many there are of that nationality in Spain: Spaniards in the United Kingdom: 191,000 British in Spain: 262,000 Spaniards in Germany: 187,000 Germans in Spain: 116,000 Spaniards in France: 270,000 French in Spain: 115,000

@LadialecticaLadialectica 6 месяцев назад

Spain has been considered a country of immigration for almost the last 20-30 years. Spain has one of the highest proportions of immigrant population in Europe, much of it coming from Latin America and Africa, but also from other Western countries.

@pepegotera8598 6 месяцев назад

@@LadialecticaLadialectica I think I understand what you are telling me, but unfortunately I can't do anything, in a few years we have gone from the R1b genetic halogroup to an exotic variety... Possibly we will disappear as a people, that seems to be our end.

@LLopez-qb6gz 6 месяцев назад

😂😂😂😂😂

@Luis-ne7ii 5 месяцев назад

I'm about to move to Spain, between Barcelona and Valencia right now, if you are planning it too and would like to do research and talk about it with me, i would enjoy that. Lets talk!

@brintaelzabenny1881 2 месяца назад

Did you know anything about ecoutor institution Valencia??

@thepro08 5 месяцев назад

im from portugal and want to go to a low taxes as possible eu country, i live very near spain and the houses, food, cars, are way less expensive.... just want to know if taxes will be less, as in portugal is almost impossible to have a small company to live....

@MillennialsWithMoney 5 месяцев назад

Hey, Spain also has its challenges when it comes to running a business, however I'm working on something that might help you so stay tuned!