internet sources say about Spain's Startup Act which could be used to reduce taxes down to 15%, did you account for that? Also in regards to Portugal, did you research what actually falls under active foreign source income? As most of it most likely will be considered Portugal sourced if you live in Portugal. Based on these two facts, do you still think Portugal is more favourable tax-wise for digital nomads?
I spoke with a tax specialist from Portugal and the NHR program is very limited on the professions they now allow. You most likely won't be able to count on it.
Can someone explain the requirement under Spanish law pertaining to the digital nomad visa in regard to the social security certificate? I work remotely for a US-based company. I had a free consultation with an attorney in Spain. They informed me that my employer has to register with the social security offices in Spain and that the US Social Security office has to provide a certificate to the SS office in Spain. Does that sound correct? This information is mostly omitted from other videos or information I have seen online. Any clarification is appreciated.
Are you an employee W2 or a contractor 1099? If you are a W2 I don't know. But if you are a 1099 and you don't get social security deductions in the USA then you will have to register as an autonomo (self employed) in Spain.
English proficiency is quite important IMO, a good point for future videos. But yeah great video!
internet sources say about Spain's Startup Act which could be used to reduce taxes down to 15%, did you account for that? Also in regards to Portugal, did you research what actually falls under active foreign source income? As most of it most likely will be considered Portugal sourced if you live in Portugal. Based on these two facts, do you still think Portugal is more favourable tax-wise for digital nomads?
For Spain, 15% applies to those opening start ups, not individual digital nomads.
I spoke with a tax specialist from Portugal and the NHR program is very limited on the professions they now allow. You most likely won't be able to count on it.
Great info. Thanks for sharing.
I'm looking into retiring in the next 3/4 yrs. in whichever works better for me at the time. 🤞
D7 Portugal. Read on it.
@@emmanuelkowblah6251 I will, thanks.
Are you sure that Spain requires a period of six months per year to renew residency again?
Thank you
How much money should be at bank account to prove to spain embassy good income,m
I read on the _Schegen website_ that in Portugal you need to show proof of earning 8000 euro/year?
Can someone explain the requirement under Spanish law pertaining to the digital nomad visa in regard to the social security certificate? I work remotely for a US-based company. I had a free consultation with an attorney in Spain. They informed me that my employer has to register with the social security offices in Spain and that the US Social Security office has to provide a certificate to the SS office in Spain. Does that sound correct? This information is mostly omitted from other videos or information I have seen online. Any clarification is appreciated.
Are you an employee W2 or a contractor 1099? If you are a W2 I don't know. But if you are a 1099 and you don't get social security deductions in the USA then you will have to register as an autonomo (self employed) in Spain.
No more NHR - portugal is smoke