Can I work from Spain if I provide remote regulatory compliance services?

Yes, you can work from Spain while providing remote regulatory compliance services, but you need to ensure you have the appropriate visa. The most suitable option for Americans in this scenario would be the Spanish Digital Nomad Visa, which is designed specifically for remote workers.

Eligibility Requirements

To work remotely from Spain, especially in a specialized field such as regulatory compliance, you must meet certain eligibility criteria to qualify for the appropriate visa. The Spanish Digital Nomad Visa requires you to demonstrate that you work for a company based outside of Spain or that you offer services to clients primarily located outside Spain. You must also prove that you have a stable income and sufficient financial resources to support yourself during your stay.

Income verification is critical, and you will need to provide documentation such as contracts, invoices, or pay stubs showing a consistent income stream. Generally, the income threshold is around $2,500 per month, but this can vary slightly based on individual circumstances and the specific requirements of Spanish consulates.

Application Process

The application process for the Spanish Digital Nomad Visa can be undertaken at a Spanish consulate in the U.S. or within Spain if you enter on a tourist visa. You will need to prepare several documents, including a completed visa application form, proof of income, a valid passport, health insurance coverage that meets Spanish standards, and a clean criminal record certificate from the U.S.

Once submitted, the application process generally takes a few weeks to a couple of months. It’s important to ensure all documentation is current and accurately translated into Spanish by an official translator. Upon approval, you will receive a visa allowing you to live and work remotely from Spain for an initial period, typically up to one year, with the possibility of renewal.

Comparison with Other Visas

While the Spanish Digital Nomad Visa is designed for remote workers like those offering regulatory compliance services, there are other visa options to consider. For instance, the Spain Passive Income Visa is an option for those who can demonstrate sufficient passive income from investments, pensions, or other sources, but it prohibits engaging in any professional activity within Spain.

If your aim is solely to reside in Spain without working remotely, the Passive Income Visa might be suitable. However, for those actively working in remote roles, the Digital Nomad Visa remains the optimal choice.

Tax Considerations

As an American working remotely from Spain, understanding the tax implications is crucial. Once you spend more than 183 days in Spain, you are considered a tax resident, which means you must declare your worldwide income to the Spanish tax authorities. Spain has a progressive tax system, and income tax rates can be higher than those in the U.S.

It’s advisable to consult with a tax professional specializing in international taxation to navigate the complexities of dual taxation and to make the most of any applicable tax treaties between the U.S. and Spain. Additionally, maintaining financial records and understanding Spain’s requirements for self-employed workers, such as social security contributions, is vital to ensure compliance.

Living and Working in Spain

Living in Spain offers a rich cultural experience, diverse landscapes, and a high quality of life, making it an attractive destination for remote workers. The cost of living in Spain can be significantly lower than in many parts of the U.S., particularly outside major cities like Madrid and Barcelona, where housing and daily expenses are more affordable.

Integrating into Spanish society also means embracing the local language. While many Spaniards speak English, particularly in major cities and tourist areas, learning Spanish can enhance your experience and open up more opportunities for social and professional connections.

Healthcare and Insurance

Spain boasts an excellent healthcare system, ranked among the best globally. As a resident on a Digital Nomad Visa, you are required to have private health insurance that covers you comprehensively while living in Spain. This insurance must meet specific criteria, including being with a provider licensed to operate in Spain and covering all potential medical expenses without copayments.

Many expatriates opt for international health insurance plans, which can be tailored to include coverage in both Spain and the U.S., providing peace of mind for any unforeseen medical needs.

For more details, check out our comprehensive guide – Move to Spain – The Complete How To.

Got questions about living in Spain? Get in touch or chat with us on Zoom to find the best visa route for your move.