The tax climate is one of the deciding factors in creating a business, and the new law aims to make things simpler and less of a burden for those starting out on their own. Corporation Tax and Non-Resident Income Tax (those who earn in Spain but can’t stay currently for more than 180 days) will be reduced from 25% to 15% for the first four years.
The government are placing an emphasis on attracting the brightest and the best, as well as encouraging the return of talent, by reducing the previous non-residence period in Spain to five years from ten years, so they gain access to the new scheme.
The special visa will be valid for one year, with the possibility of extending it to two years and then eventually five years.
The tax climate is one of the deciding factors in creating a business, and the new law aims to make things simpler and less of a burden for those starting out on their own. Corporation Tax and Non-Resident Income Tax (those who earn in Spain but can’t stay currently for more than 180 days) will be reduced from 25% to 15% for the first four years.
The government are placing an emphasis on attracting the brightest and the best, as well as encouraging the return of talent, by reducing the previous non-residence period in Spain to five years from ten years, so they gain access to the new scheme.
The special visa will be valid for one year, with the possibility of extending it to two years and then eventually five years.
Marbella has long been a leading destination for holidaymakers, or those searching for jobs in the area looking to make the Costa del Sol their permanent residence. The favourable climate, mature infrastructure and high standard of living have always been attractive to those seeking a better quality of life.
However, until now, it has not been known as a location for starting exciting new businesses. With these new regulations due to come into force, Marbella will prove attractive to entrepreneurs and digital nomads as they are enabled to build businesses in an attractive fiscal and legislative background, as well as an attractive home environment. We look forward to helping those seeking to take advantage of the new regulations find their new home here as they realise both their property and business dreams in Marbella.