Rootless, working remotely and building relative bank? Relocating to this European nation has become very easy.
sunny spain has become most recent country To woo un-anchored employees with a program that streamlines the admissions process. After a year of hype, a new visa targeting overseas remote workers has been officially launched.
The Spanish parliament formally passed the program in November, Congress approved it in late December – and those who qualify can apply now at their local consulate or embassy. insider reported,
To qualify, workers must be a citizen of a non-EU nation, must have been at their non-Spanish company for at least three months no more than 1 year old, must be able to prove on paper that They can do their job remotely, have a college diploma (or have been in the workforce for at least three years), and have health insurance and no criminal record (at least not for the last five years). In the end, according to Insider, Spain’s new digital nomad immigrants should be making around 200% of Spain’s monthly minimum wage ($1,355), or around $32,000 a year.
Those who qualify for the program will be given the ability to live and work in the country for up to five years, the idea being to stimulate the economy with their foreign cash while enjoying the many sites, sights and sounds do. Iberian Peninsula.
Unlike its neighboring nation, Portugal – which Launched a similar digital nomad visa Fall – Some applying to the Spain program can drop as little as $500 and still qualify. Both visas allow beneficiaries to travel within the 26-country Schengen Area without any additional visas.
Equally though, Portugal is “much more developed” when it comes to wooing remote workers, Radim Rezek, CEO and co-founder of housing platform Flatio, told Insider. “There’s a bit of tension between them, so they compete – but definitely in a good way,” he said.