The Pros and Cons of Spain's New Digital Nomad Visa for Filipinos

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Welcome! Marina Henestrosa from bureaucracy.es join us today to discuss Spain's new digital nomad visa for Filipinos!

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In a move to foster entrepreneurship and attract foreign investment, Spain introduced the Digital Nomad Visa in January 2023 as part of the Startup Act, a comprehensive initiative aimed at bolstering Spain's economic landscape.
This groundbreaking visa program enables non-EU/EEA remote workers and freelancers to reside and work in Spain for 12 months, with the possibility of renewal for up to five years.
To qualify for the Digital Nomad Visa, applicants must demonstrate a stable employment contract, authorization from their company to work remotely in Spain, and a company with at least one year of operations. Unlike other Digital Nomad Visa programs, Spain allows freelancers to derive up to 20% of their income from Spanish clients.
Successful applicants gain access to a Spanish residency permit, allowing them to travel throughout the European Union. Additionally, most visa holders become tax residents, unlocking the benefits of a special reduced tax rate of 24% on income up to €600,000 per annum*
Spain further enhances its appeal with its extensive network of double taxation agreements, covering 90 countries worldwide.
Spain's allure for digital nomads has long been established, thanks to its captivating climate, vibrant cities, affordable living costs, and reliable internet infrastructure. This unique combination has drawn the attention of many Filipinos seeking to experience the nomadic lifestyle in Spain.
However, navigating the application process and understanding the associated benefits can be daunting.
To address this gap, Marina Henestrosa from bureaucracy.es joins us in an informative video, providing a comprehensive overview of Spain's Digital Nomad Visa tailored to Filipino remote workers.
Marina delves into the intricacies of the visa application process, eligibility requirements, and the myriad advantages of establishing oneself as a digital nomad in Spain. This video serves as an invaluable resource for aspiring Filipino nomads seeking to embark on their Spanish adventure.

▶️ 00:00 New digital nomad visa for Filipinos
00:29 About Digital Nomad Visa for Filipinos
01:29 Advantages of applying for the digital nomad visa as a Filipino
04:36 Disadvantages of applying for the Digital Nomad Visa as a Filipino
06:19 Applying inside Spain Vs Applying Outside of Spain
10:21 How can they find out if they are eligible for this Visa

▶️ Advantage of Spain digital nomad visa for Filipinos:
• Social Security bilateral agreement between the Philippines and Spain
• There is a treaty between Spain and the Philippines regarding the driver's license
• Getting the Spanish citizenship after 2 years

▶️ Disadvantages of Spain digital nomad visa for Filipinos:
• If you want to apply directly for Spain you need to apply first for a tourist Schengen visa and it must last at least 30 calendar days or have multiple entries in Europe.
• Need social security certificate

As a result of the digital nomad visa, Filipinos can work remotely from Spain on their laptops and still experience what it is like to reside there. In addition, the visa offers an excellent means for Spain to attract international talents to drive digital entrepreneurship.

So, watch the video till the end and let us know your thoughts in the comments.
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