Don't move to Spain if...
Вставка
- Опубліковано 1 чер 2024
- Sign up for Wise here: wi.se/spainrevealed
But money is just one area where people get tripped up when they move to Spain. In this video I tackle several traps I've seen and offer some solutions. Venga, let’s go!
🎓Register your interest in the Move to Spain Masterclass: www.spainrevealed.com/masterc...
==== MOVE TO SPAIN RESOURCES ====
💪 Get on the waitlist for my Move to Spain Masterclass (2x per year) - movetospainmasterclass.com/
👩🏻💼 Get help from my recommended professionals (immigration, tax, health insurance etc.) - social.spainrevealed.com/reco...
🖥️ Get an all-access pass to expert-led 'Move to Spain' webinars social.spainrevealed.com/webi...
🏠 Get your FREE Spain Property Buyer's Checklist - swiy.io/SpainHouseChecklist
🛋️ Get your FREE Spain Renter's Cheat Sheet - swiy.io/SpainRentalCheatSheet
💰 Get your FREE Moving Money to Spain Guide - social.spainrevealed.com/mone... (from my friends at SpartanFX)
🇪🇸 Check out my Spanish tutor's excellent course for learning Spanish - social.spainrevealed.com/lear...
==== TRAVEL TO SPAIN RESOURCES ====
🏰 Download my 5-star rated Madrid travel guide ‘Madrid Revealed’ - swiy.io/MadridRevealed
🍲 Get your FREE Tapas 101 Cheat Sheet - swiy.io/Tapas101
🏨 Get my recommendations for the best hotels in Madrid - social.spainrevealed.com/best...
📍 Get my Top 120 Restaurants in Madrid - Interactive Map - social.spainrevealed.com/Top-...
🛬 Book a Private Airport Transfer - social.spainrevealed.com/airp...
🤤 Take a food tour in Europe/USA with the company I co-founded Devour Tours - swiy.io/devourtours
🏛️ Take a walking tour in Europe/USA with my friends at Walks - swiy.co/walks
==== JOIN EXCLUSIVE LIVE STREAMS ====
❤️ UA-cam members get exclusive live stream access: swiy.io/JoinSpainRevealed
==== CONNECT WITH US ====
⚡️ Spain Travel & Relocation Tips FB Community - / spainrevealed
⚡️ Instagram - / jamesblickspain
⚡️ Tiktok - / jamesblickspain
WHO ARE WE? 🥝
⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯
Hola, Spain lovers! We're James and Yoly. James is a New Zealander, and Yoly is from Spain. And we both live in Madrid. This channel is all about giving you a local insight into life in Spain, and helping you experience this country like a local when you come to visit (or live!). If that sounds like your kind of thing, bienvenido!
*This description contains affiliate links which means we may earn a commission if you use them 🙏🏻
⏩ CHAPTERS
00:00 Intro
00:43 Learning Spanish
02:30 Wise ad
03:54 Understanding Taxes
06:33 Visa Clarity
09:21 Your Career
11:33 Understand Society
13:55 Personal Reinvention
Hello Spain lovers! Agree/disagree with these reasons? What did I miss? Let us know in the comments! 👇🏽
I was looking to buy a rental property in Spain. I saw if you are from the US that Spain doesn’t require a vaccine if you fly directly in. Is that still true? Keeping the country open to as many visitors possible and not making people’s lives difficult is what will benefit the tourism industry there.
I would disagree with your statements about Vox but otherwise great video as always
You articulated the section about personal transformation really well! I agree, living in a different country does change your life but it doesn’t exactly change you (without putting in the work). My anxiety also followed me from the U.S. to also living in Japan and Croatia. It’s something I’m working on! Great video, thanks James.👏🏼
Well Done Video!
@@louiselpadarino1701 Yes, he was too much benevolent in his opinions about VOX
Some great advice here….we moved to Spain o er 17 years ago. It’s so much better than the UK in so many ways….but the best advice is…learn to speak Spanish. Don’t congregate in English speaking ex pat enclaves….you’ll be accepted by the locals and appreciate the country so much more. 👍🍷
I agree about the language and not trying to stìck like glue to other expats.
When you get your residency in Spain you get three years of Spanish school for free.
Why expats don’t take advantage of this benefit is beyond me.
Wise rocks!
Les as dicho la verdad ,tienen que aprender Español ✅
También eso que no pegen a otros migrantes ingleses o de su país natal ,así no aprenden nada de Español ni de su cultura , entonces a los ojos de los Españoles es que no quieren integrarse y solo quieren lo que les ofrece España pero no integrarse ,lo vemos mal
@@deniseannekewilliams9004 Si te parece mal la vida de los Español ,no comprendo porque te mudarias a España.
Nosotros vemos si no intentas si quiera hablar los básico de español e integrarte ,pues solo los vemos como personas que no aportan o que solo vienen por la seguridad social
@@oiausdlkasuldhflaksjdhoiausydoEnjoy the sadness.
All is spot on! We moved to Mexico 12 years ago - we are canadian - and went full immersion for the first 3 weeks with private tutoring for years after that. It does a world of difference in our experience here, with locals etc. We also did lots of research before the move so we knew what we got ourselves into. I also suggest to anyone wanting to move to another country to not buy right away, rent for at least 1 year to really get the feel of the place before committing. And if it doesn't work out, no shame! Remember: you are not a tree, you can move if a place is not for you!
Mexico is not Spain.
@@lorenzocebrianmadrid7396 obviously! The message is the same for wherever you move.
I like to sit on a terrace between classes, have a pitxo and a glass of wine or cafe con leche (Corto el leche) a massive reason for me to live here. 20 years in and still find the street scene so relaxing. But then again I'm Irish, so very easy to assimilate
Irish just adapt anywhere! You guys are the best
Where in Ireland are you from
@@sethroganlegend I'm an Armagh man but living in Pamplona now (my new home), and you?
@@naomhfermin What about the weather in Pamplona?
@@FSL123 well, winters are long and it rains a lot, but I find it rather mild if you think that we have no tornados, nor huracanes, not intensive heat waves in summer… It’s cold and rather unstable…
Soy español y el video incide en cuestiones cruciales pero yo añadiría una que es la geografía. La experiencia de vida en España no es igual en las islas que en la península, y no es igual en un pueblo andaluz que en una ciudad industrial del norte. No sólo desde el punto de vista de la experiencia vital sino también desde el punto de vista administrativo. España es un país muy descentralizado y un servicio puede ser excelente en un sitio y no serlo igual en otra zona del país.
That’s also true in the USA
Por alguna razón, los extranjeros suelen decidirse por la costa mediterránea para vivir cómodamente y con felicidad. Yo, que soy un habitante del norte de España, muchas veces me cuesta reconocerme en esas zonas mediterráneas. Su manera de vivir resulta extraña y sorprendente incluso para los españoles no acostumbrados. El otro fin de semana estuve en Sevilla, me encantó cómo se vive en la ciudad, el buen tiempo, la alegría de vivir de todo el mundo, la calidad y variedad de la comida, pero en el fondo no podía sentir una cierta sensación de "pintoresquismo" sin ir más lejos porque en pleno enero había gente en manga corta por la calle. Eso no ocurre en otras zonas de España quizás menos conocidas.
Es cierto. Ya había yo visitado distintas zonas de España cuando me tocó vivir en Asturias, donde jamás había estado. Pues frío, lluvia, capital mal comunicada, pocos vuelos, rutas fatales de autobuses... es decir nada que ver con lo que yo conocí de España en otras províncias. Asturias para visitar, genial. Para vivir ya no...
@Paseos por Madrid Sí, claro. A la gente jubilada pienso que le cae super bien. A quien le gusta el clima y la tranquilidad de las montañas también está genial. Asturias no está para movidas, la verdad. Y sí, está muy mal comunicado. Fíjate que para irse desde Oviedo hacia Santiago de Compostela en bus o tren uno llevaría como 7 o 8 horas. Como no tengas coche, no vas a ningún lado.
@@marilins yo soy de Asturias y estoy completamente de acuerdo contigo: está fatal comunicada, de vergüenza, tanto con el resto del país como dentro de Asturias. Solo está bien comunicada entre Gijón, Oviedo y Avilés, del resto de sitios deja bastante que desear. Aquí o tienes coche, o te mueres del asco.
This is a really good video. My husband is Afro Latino but grew up in Spain and I am Canadian. We lived in Bilbao for a year and I have never witnessed so much racism, I was blown away. That coupled with the unemployment rate is why we ended up moving back to Canada. We think about moving back all the time but it’s important to remember that every country has its down sides and the grass isn’t always greener.
You moved back to a nightmare. I want out of Canada!
Hello! As someone who teaches English as a second language, I can say that nothing beats full immersion. Being surrounded by people who do not speak your language is also a blessing because it forces you to learn. Also, using what you know from your first language is critical to second language learning because languages do have things in common that you can bring to your targeted language. For example, cognates are something that I do teach my students to remember since English and Spanish share 40% of the words. Just don't be afraid of using your target language in every chance you get and learn from your mistakes. Excellent video!
Former ESL teacher here! I agree 100% with everything you've written. One thing to do is to avoid "expat communities" (immigrant communities) and truly immerse yourself in the native language.
I did and still do read spanish newspaper every day. Better than books you will find a lot of text in short portions with a lot of different styles. Sometimes you don't understand a single word, but no problem, switch to the next story. And it gives you a lot of information about what people are concerned about and topics to discuss including the vocabulary.
ESL teachers should be careful with their ego. Drop the whole immersion drama, unless you have a degree in Cultural Anthropology or European Studies from a pretigious academic institution and you plant to return to the academe, tone down on the delussional quest for knowledge and try to just be with people as your authentic self. Don’t try to pretend that you are an explorer or a journalist, when you can’t even write a decent paragraph about your school days, because the only diploma you have is that TESOL certificate you purchased in Thailand or Bali.
@@manuelfresco6879 I had 2 years of HS Spanish in the US before being a full-immersion student in Madrid. I took pride in reading El Pais (newspaper) waiting the bus stop, and impressed relatives of my host family, when they discovered I could WRITE in Spanish. What a great experience.
Love this Ricardo, we like to think of the languages you know as pools and then it's a question of finding the bridges between them. And yes, mindset is everything, the more you 'aprovechar' each opportunity to speak, the quicker you will advance.
I feel that you've made one of your best vlogs with this one. These are excellent issues and you've covered them fairly, with insight, and with the proper emphasis. I think, indeed, that each topic deserves a video. There are so many vlogs that unrealistically portray Spain and this is not helpful to people who turn to UA-cam for actual information and realistic coverage of life in Spain.
Everybody thinking of a move abroad anywhere should watch this and especially the part on personal reinvention and seeing everything through rose tinted glasses and changing one's self i.e. we basically stay the same. Excellent to include that here.
This video could literally be applied to any person wanting to emigrate anywhere! Love it. Thanx James.
Great tips! I’m currently in Madrid for a month doing exactly what you said: try and stay a little longer to see things less through rose tinted glasses. This one month won’t be the end of that process, but I’m certainly learning more than I did on a one-week holiday!
Excellent video! I'm from the U.S. and lived in Barcelona for a year on a NLV. Since COVID happened, I ended up moving back to California. But hope to return to Spain again soon, because I so enjoyed the lifestyle there. Took a Devour tour on one of my first trips to Barcelona, and absolutely loved it! Plus during lockdown, I learned how to cook a tortilla and other Spanish dishes thanks to you and Yoly! Salud
I have lived in Galicia for more than 6 years. Your advice for people was EXTREMELY helpful and accurate.
We have been watching your videos for past few months and moved to Spain a month back. You really hit the nail when you said that some things are better and some may be worse. It all depends on where you come from. Thanks for your videos.
"some things are better and some may be worse" can apply to just any situation - it's a typical demagogue construction often used in astrology
James, again thank you for another informative video. While our intended move to Spain may not ever happen now as circumstances have changed, you never know. Also, we very much appreciated your open and honest comments about yourself. Don't know if it was hard to speak about yourself like that but it came across as very sincere. Thank you again.
Hi Art, I'm glad it resonated!
I have personally experienced many of the issues that are mentioned in the video, thank you and I hope this video will help others think and prepare for moving better than I did!
I have been living in Spain for 7 years and I'm very happy here :) Moving to another country is a very interesting and rewarding experience in your life
Good luck
James Blick, you are a wonderful human! Thanks for sharing this info, 100% right on. Great mix of practical tips + mindset and expectations. Especially thanks for the honesty regarding social issues in Spain, and for speaking so openly about living with low level anxiety. We are here for it 👏👏
Love your videos, James. Your tips are highly appreciated! Gracias.
Extremely important topics, and really well-made! Thanks for informing. It's valuable to keep a grounded view on society, and many need to understand that all societies face social and political challenges, maybe not as exacerbated as some but not negligibly so.
What a great video! Thanks for the reflexions and information
Thank you so much for this video James. I am already learning Spanish. I will apply for visa soon.
Great information, love your energy!! watch all your videos...
Hi James, good info and points to think about! ! Thanks! !
I have been living in Italy for over twenty years. I have never had any lessons of Italian ( I did buy a grammar book in the first months but never got past the 'congiuntivo'). I'm bilingual. I grew up speaking two languages : French and English, so I guess that helped. And as I like reading I quickly picked up newspapers and magazines which helped to increase my basic vocabulary to a proficient level. I think a person's ability to learn a language depends on a lot of factors. Not all people learn academically , as a teacher I see that often. For some people, full immersion by living in a country may suffice.
However I would agree that acquiring the language of the country you're living in is crucial to fitting in.
Great video... I'm happy you talked about real issues that exist when moving abroad. We are generally "sold " a highlight reality when it comes to moving abroad, especially to places like Spain. Again thank you for sheding genuine light on the topic. Hello from Poland!!!
Excelente video, muy bien hecho. Muchas gracias.
You are always very informative and you cover important areas.
This is such a comprehensive and thorough video! All great advice!
Very interesting video. I love what I’ve seen of Spain during numerous holidays and am considering spending more time there in future. Your videos are an excellent source of information and most enjoyable!
As a US citizen living in Spain.. I am double taxed since I make more than the tax free limit allows!! That really sucks and is completely insane since I do not use any of the public services in the US. Its really complicated and expensive since I have (2) corporations in Spain. Filling out your US taxes is nightmare and super complicated. In this aspect being a US expat having a company abroad is worse than any other country. Not sure how other US expats do that have small business abroad like (bars, scuba diving companies, language schools, etc..). The big corporations/family foundations like Google, Uber, Haliburton.. pay no taxes through loopholes, but the little guys have all the tax burden. Don't get me started. I luv living in Spain!
Perhaps think of moving your companies to other country within EU and operate normally in Spain paying taxes in _other_ country.
@@ardas77 if you have a bank account anywhere in the world and a US citizen it is reported by FACTA and FINCEN.. ALSO you cannot have a bank in Spain with transfers coming in regularly and not raise red flags with hacienda. That is why many US people denounce citizenship if not coming back.
@@rickdeckard7470 Is hacienda similar to the IRS in the U.S.?
@@tobyo99 Yes, it’s the same kind of institution
I am confused by this because I thought there was some accommodation protecting people.from double taxation. I would.be in Spain on a non-lucrative visa, myself, but I have not been able to find clear information online regarding to U.S. citizens' tax obligations with Spanish residence. Can anyone point to a good resource to look at for clear information about this?
Truly genuine advice. Really helpful. Thank you.
Muy buen vídeo, buenos consejos y muy aplicables a cualquier país donde uno quiera mudarse.
Great advice and pretty spot on. I´m a retired brit and I have lived in Spain in southern Alicante province for 2 years now and i agree with everything you say in this video. Spain is an amazing place and very diverse and i don´t think i would move back to the UK but it is not a utopia and has it´s own set of challenges (Residency, language, politics, taxation, employment etc) as well as opportunities so i recomend that people do their homework well and start learning the language before moving if possible. Incidently, I have been using WISE since before I moved to Spain and i´m a big fan of their currency exchange & transfer service and with their mobile phone app it really is so easy to transfer funds and their exchange rate (on British pounds to Euros) is pretty much the best going so WISE gets a thumbs up from me.
Hi, I am planning to move to Spain this year. Could you please let me know,: is it convenient for me to leave my money in the bank in London and use "wise" every month to transfer my monthly expenses? I most probably will pay a full year rent in advance and then leave from monthly transfers. And if I leave my money in the Uk I still need to pay taxes in spain if I don't work? sorry to bother you and I know I will speak to a lawyer when I arrive. Thank you.
@@marisolalmenara7658 I recently moved back to Spain from the Uk and I haven’t closed my English bank account..I have transferred most of my money to my Spanish account through Wise..and left some money in the English one
@@asunsol thank you 👍
Real good basic information. Thank you, James.
Been a fan of the channel since I planned my trip this past year to visit this upcoming summer! Excited to see Spain and if it’s a place I’d like to spend more time in. Can’t wait to binge some videos before I go to hit some of the recommended stops :)
I am a native of Andalucia, Spain from Cadiz and exploring the idea of moving back after 35 years living in US. Your videos are excellent and very informative. Thank you.
same boat as you but I'm from BCN living in Canada all of my adult life. Thinking of retiring to Andalucia, getting excited!
Very thorough and I feel, very wise. Well done! Thanks. I've got great advice to help me start prepping over the next 4-5yrs to make the move. #1 get serious about learning Spanish!
James, you always give such excellent, well-informed advice! bravo!
Nicely done! Especially appreciated the "Understanding Society" segment and all for awareness, engagement, and involvement in advocating fot causes important to you.👏🏽
Great video, James, and as someone who participated in your first intake I can highly recommend your Move to Spain Masterclass. It was well worth every penny.
Great vid ! For US citizens living in Spain they can file 2555 form for foreign income exclusion of $107,600 for 2021 if the income was earned hence not paying US tax as part of their worldwide income.
Hi James, thanks a lot for the very interesting video!
Very honest and helpful video.
Highly informative James. Bravo and thanks.
That was a great informative video. I have been to Spain twice and loved every minute. I am fortunate in that I have been speaking Spanish daily my entire adult life. I would love to return soon to visit more cities.
Even though I have no plans of moving to Spain, I really enjoyed your comprehensive advice for those who are contemplating the big move. Great job!
Very helpful and intelligent presentation ! Thank you !
Absolutely brilliant on every point. You are a font of information. Hello to Yoly and the little one. Thank you for this video.
thumbs up for the extrimely wise advices 👍👍 keep it up
Fantastic video! Thanks for sharing! :)
James, this is an excellent, frank, and educational video. We’ll done!
This was so comprehensive, THANK YOU
Great Video , can I add one piece of advice given to us moving here 10 years ago with small children , Go to every Birthday party , every event , best way to meet parent in similar position , now some of our best friends !
Great advice!
Great advice and content...thank you
Very honest & accurate advice on how migration works ! Tks a lot !!. . .from Argentina.
Great video as always, thanks. Agreed with all your points here. Visa was the biggest one for us. We moved before our visa was in place which became very stressful as we were the counting down the days on our 90 day tourist visa. If you can make sure it’s sorted before you move. We applied from Spain using a Spanish law firm which was good as they knew the system and could attend appointments with us etc
Mi sueño es vivir en España y estoy perdida con el proceso. Has proveído un muy informativo y excelente vídeo. Gracias 🙏🏽 New subby here 👋🏽
Love it! soo important. Thank you:)!
I've watched a few these. Nicely Done
Hi James. Many thanks for your video. What a lucky day for me to stumble upon your channel. I'd love to live and work in Spain. I lived in the UK for 8 years and returned to Poland where I come from, a year ago. But I still feel like it's only a stop on my journey to finding the right place. I used to work for the NHS in various admin roles so I don't have a proper career which concerns me greatly. I met loads of people there from different cultures and countries and I don't think I'd have problems adjusting but the unemployment rate in Spain is worrying. I'm learning Spanish online and I definitely need motivation to improve. Thanks again
amaze insight! Information with a real perspective
Excellent video with excellent information!
Very good video. A Mad Englishman that moved here in 2019 with very little Spanish. Still havent learned much but the locals here in Asturias have been wonderfully patient with me. I'm Dyslexic and looking for a teaching program with little success. I have had 2 schoosl dump me due to lack of basics.
Try the Pimsleur program. I’m working my way through it and found it to be the best for learning Spanish. It’s all audio based (speaking and listening) so not based on reading/writing which might be better for you.
Loved Asturias, so different from the Spain I was more familiar with. Not that I don't love the rest of Spain, I do, but Asturias was a bit of a shock, it was so Celtic in influence, the scenery almost reminded me of northwest NA (a lot wetter, greener, lush forests) than the more arid areas of the rest of Spain.
Very much enjoyed your video. Thanks
The thing is, I not only want to visit Spain but to literally move and live there for good 😭😭🇪🇸❤
Thanks for the things you mentioned, watchin from the Philippines!
Fyi Spain allows you to obtain Spanish citizenship after living there for just two years if you are a citizen of a former Spanish colony. Assuming you are a citizen of the Philippines, this would apply for you.
@@victorharo4552 Yeah thats what the law says too 🤷♂️
Fantastic honesty - thank you
SUPER helpful. Often over looked or underrated topics to be seriously considered.
Great video. It's definately true that you need to learn Spanish. I agree it's good advice to understand your tax and visa application obligations/limitations.
That’s a lot of good information. I’m glad I know Spanish decently already.
James, eres un crack! Fantástico vídeo!
Comprehensive and well articulated.
Saw you filming on the Costa Blanca today - won’t spoil it by saying where but looking forward to seeing the finished film! X
Hi James- brilliant! Im an American who moved to France 20 years ago (and live in Toulouse your city meeting Yoly!). Same kind of issues with Americans dreaming about moving to France. You are doing an outstanding job, the videos are perfect--and I saw that as both an Anglo expat AND as someone who works in marketing and communications. Bravo!
amazing vid as usual, thanks
Great video. We covered a lot of this in our Zoom with you. A lot to think about (but still moving to Spain).
Def! You should definitely move :)
I appreciated your comments, its true what you have said.Thanks
Candid. Thanks man. I'll probably click the link for wise or these days. Wm. In Vancouver 😌
Watching your videos make me feel homesick. I hope I can come back soon… ¡un abrazo a los 3!
That was excellent! Thanks!
Fantastic video thanks James. My partner is basque and we've got av long range plan to move to bilbao. This was full of useful information and so well presented - lots to start researching! I think your comments about moving to another country not changing who you are is so true. Also some great comments here about considering where in Spain you move to as it does make a huge difference not just in terms of culture, geography (and weather!) But the standard of public services and the local political situation. Would highly recommend the show 'El Intermedio' for anyone who wants a satirical, fun insight into Spanish politics and current affairs! Super helpful, keep up the good work.
El intermedio is bullshit. It's a show that belongs to the comunist and extreme left party, they're just a tool. They're not interesested in telling the truth, they just say what their bosses tell them to.
@Paseos por Madrid I agree with you, but they're not biased against certain political options, let's call a spade a spade, they're biased against everything that's not the extreme left.
It would be ok they say whatever they want if they used their own money and not the money of the whole spanish country, given to them by the comunist and left party that are in power.
Thanks for the video :)
keep us updated on the digital nomad visa developements... not that i'm a digital nomad ... but who knows the future ... great outline as a guide to getting through all these things and keeping people from surprise hassles.
Hi, I feel like this is the most honest video you've made about us, and about what means living abroad. If you don't get involve with the people where you move, you'll probably end in a small group fomed by people of your own culture. So you have to more or less enjoy living how people live where you move. I lived for more than 3 years in The Netherlands and I agree with you. Even it's a great country as well and I will always recomend living there at least for a while, it's not perfect either, and it's not for everybody.
Tell your friend that I'm sorry. It's sad anywhere it happens.
Interesting to hear your excperience and thoughts
Thank you for the content! Have thoroughly enjoyed your videos thus far and both you and your wife are enthusiastic presenters. My husband and I are planning a trip to Madrid this May as our daughter will there on a semester from college (6weeks with a host family). We would love to join one of the devour food tours but wondered if the guides speak English as well? My husband gets by in Spanish but I am only learning. Appreciate the info and love the content! 😊
Thank you for this!
Well done James. Diane & I have been "self-learning" Spanish and I can see now we need the tutor. The "re-inventing" segment was so well thought out. Yes I will finally become a guitarist, but I will still be an introvert.
I'm glad it was helpful Tom!
very interesting as always
Great video! 👍
fantastic video thank you
Hi James, greetings from the family that just ran into you in Opencor. Once more, we are big fans and we love your videos. Recommendation for your aperitivo in the neighbourhood: cervecería Olivares, Calle Virgen del Sagrario 19. Keep up the good work!
one of the best video's I have seen
Very good vídeo a good advises.
Super cool video, how can you speak so clearly after drinking so many nice drinks? 😎 Good stuff, Sir!
There is another 'gotcha' or 'pitfall' that gets you when you first move to Spain and that is bringing in money into the country needs to be declared in your annual Spanish tax return if over a certain amoung. So say (this happened to a Spanish friend of mine) even as a Spaniard you work 15 years in central London, sell your London flat and make £120,000 on that flat, if you transfer all that money from England to Spain via bank transfer and don't declares 'that' amount you just transfered and any other capital you may have abroad, the Spanish tax man can tax you again on that amount and give you a massive fine. I think it was tax form modulo 720 for capital abroad for the Agencia Tributaria in addition to the usual yearly Spanish income tax return modulo 100 (where I think you state the amounts you transferred in addition to any other income from within Spain you receive.).
So my wife and I transferred 200000 EURO to purchase a home which she recently settled on (she is Spain born but is now US citizen and fiscal citizen) she used her old INE number for the transaction. Do we need to file something for that money transfer?.?
@@patrickbailey1249 I dunno what the INE number is, i'm guessing it's a foreigner identification number rather like what national Spaniards have which is DNI. I happen to be in the odd situation that I have Spanish nationality but was raised and worked and lived in England most of my life... so when I sold up in the U.K. and mover to Spain years ago whenever I transferred large amounts of money from my uk savings i did this yearly regardless of whether or not I transferred loads of cash over to Spain.
I filed my MODULO 100 to the Agencia Tributaria online (this is like a basic income tax declaration for individual citizens) and also I filed a MODULO 720 which is a declaration of foreign assets (e.g. in the U.K.), this includes cash savings in foreign U.K. bank accounts etc etc. So if I remember correctly I would declare the 200000 EURO as money received for that year in the MODULO 100 form and declare your U.S. savings in the MODULO 720 form so the Agencia Tributaria can see 'where that 200,000 euros came from i.e. your U.S. dollar savings account to Euro spanish bank savings account. The Spanish tax year I believe runs from january to january but the dates / deadlines for 'modulo' forms tax submissions for the modulo 100 and modulo 720 forms are slightly different so check that.
Remember I am a Spanish national so the forms you may have to fill in 'may be' different or there maybe some additional form you have to fill in, I would check and double check this. Also my recollection of all this is a bit vague early this morning so please check what I wrote about the modulo forms and don't take it as gospel, just as a starting point.
@@davedogge2280 I have just seen in the news that the 720 module has been condemned as unfair by the Court of Justice of the European Union. I think that the Spanish government will have to pay back what was charged for this module. Try to find out more.
I have just seen in the news that the 720 module has been condemned as unfair by the Court of Justice of the European Union. I think that the Spanish government will have to pay back what was charged for this module. Try to find out more.
@@pedrolardies9597 thanks i will keep an eye on any further developments. but deemed unfair doesn't mean it has been abolished, will be still applicable.
I hired a tutor two years ago for the Spanish tests I had to take for the Sephardic Citizenship. I studied it in college many years before but needed a refresher . I had a good experience with Carolina on Verbolocity. She is from Guatamala.
Dude , I am Argentine and my wife Russian. We both live in Berlin and we own a tapas bar.
We are planning to sell it and move to Spain , probable málaga , and open some tapas bar there.
She is currently studying spanish hough she has a huge vocabulary.
Your videos are actually interesting , practical and smart
I love you guys . You guys are great.
You are a great example of what a couple should be and you James are an excellent example for other people who what to move to Spain …. Do not ever wait for things to happen !! Study Spanish , open your own business and adapt yourself to the new culture of the country your are actually moving in.!!! Bravo 👏. You are just awesome and your wife is just a rock star 😂😂😂😂 trough your videos I ve been going out in Madrid to most of the bars you recommended and it always has been a hit , a great spot to go. Thanks for all what you do, for showing Spanish culture the way you do and helping with smart advices to love to Spain. . Salud 🥂 papaaaaa !!!! Abrazo desde Berlín 😂😂
no vengais. esto es una ruina.
@@rogersan4352 igual sos vos el que no sabe hacer negocios ….
@@lucasgentilemalaga I wish you luck, you will obviously face very stiff competition. Every street has 3-4 places where you can get tapas. Hopefully you have something that can differentiate you from the others. Good luck!
@@Frank-wo3qm thanks frank . I had a tapas bar in Berlin for over 10 years. I live in Malaga. I moved in August here and I love it. Hopefully next week I am gonna sign a rental agreement for my brand new restaurant. 👍 once again , thanks for your support 👏👏👏
Thank you for opening my eyes
In the course of researching a move to France I discovered that for an American French taxation laws are much more favorable than those of Spain or Portugal depending on the situation. In particular, by the terms of the relevant tax treaty between the US and France, distributions from a US IRA or Roth IRA are not taxable (by virtue of being "national pensions.") However, in Spain and Portuga[, which have different treaties with the US, they are taxable. Not only that, but capital gains realized with the IRA or Roth IRA appear to be taxable even if not distributed, because to the Spanish and Portugese tax authorities those accounts are just after-tax accounts with no special tax treatment.
So, if you have a significant portion of you American assets in TIRA or Roth IRA accounts, Spain and Portugal taxes may be an unpleasant surprise.
Thanks for the info
I've been trying to figure out how the IRA interest & distribution works wthout success.
However, my understanding was that Portugal does not have wealth tax.
Do they tax immigrants/residents on worldwide income/wealth?
It's all confusing for me.
Thanks for bringing it up
@@smiletwice8384 My comment was about income tax, not a wealth tax. So, if you realize a capital gain in your IRA, Portugal will tax that gain in the year it occurred just as though the gain happened in an after-tax account rather than an IRA, because to the Portugeese an IRA is just another after-tax account.
All these European countries seem to tax their residents on worldwide income.
Keep in mind that for your first four years in Spain or ten years in Portugal, they won't tax you at all. The tax consequences I am referring to only apply once that initial period has passed.
Thank you so much.
Did you get this information on internet or lawyer?
I searched for it and couldn't find this info.
🙏
Agree with the work and effort you have to invest for to learn a new language. I speak perfectly German and French and my English is pretty ok. So I'm used to languages. But still it was something like three years to get a level in Castelano that is what you call functional. The next thing will be to learn a bit more of Valenciá, venga... thx for the allways informative Videos.