Noticias de la Cámara
Changes Affecting Spain's Beckham Law in 2024 with Pablo Mallo Bárcena, MDG Advisors
27/08/2024
Marc Elliott interviews Pablo Mallo Bárcena, Partner at MDG ADVISORS, at their offices in #Malaga City. In this in-depth conversation they take a deep dive into changes of Spain's so-called Beckham Regime, and how these can work with the Digital Nomad Visa.
Main benefits include:
- Flat 24% tax rate on salaries up to €600,000
- Non-taxation of foreign-sourced income
- Wealth tax only on Spanish assets
Recent changes have made the regime more accessible, including reducing the non-residency requirement from 10 to 5 years.
The regime is separate from but can be combined with the Digital Nomad Visa, offering opportunities for non-EU citizens. It's an attractive option for business owners looking to expand into Spain, offering tax benefits without large upfront investments.
The Beckham Regime presents a unique opportunity for high-value individuals and businesses considering relocation to Spain.
As always, consult with tax experts to understand how it applies to your specific situation.
