😅 I might be one of the few Chinese viewers here. It really depends on the profession when we talk about working in Spain, but in general Spain relying on the tertiary sector of the economy, the work there is hard and gains pretty low, that's why they are competitive in global markets: the lower cost. If you are coder, programmer you could get a good job almost everywhere but other than that there are pretty limited jobs to get unless you are willing to work in a shop or bar. The early Chinese immigrants just run cheap shop and restaurants also because of this, it's boring and need really hardworking routine. Newer generations like me are trying to do something more technical but as far as I know they are not as profitable as the old way, mainly because of the weak consumption power. It's always interesting for me to see what Chinese immigrants are doing in different countries, and that often reflects some truth about that country, you barely seen Chinese running a cheap shop in Germany or Netherlands but their cousins here in Spain do, and their nephews are trying to be a doctor in US😂
Really nice explanation of reality in Spain. I could define “patience” as the key word if you want to suceed. Once you’re already in the system you could have a really great quality of life, like in no other country. Excellent video man👍🏻
Seems best if you are a non-eu citizen (like being an American), to be incorporated and have an S-Corp and pay urself like an employee and apply for a Digital Nomad Visa, vs. applying as an Autonomo (thus being tax wise and not tax avoidant) ......after 5 years of being on the Digital Nomad Visa = you can then apply for residency if you like and receive SPANISH Social Security that way!
Yes, a digital nomad visa is a very attractive way to move to Spain and reduce your taxes so can be a nice way to do this, social security and the normal tax regime is much higher.
@Jonny, can one register as an autónomo after starting the YT channel? I am asking because a person may not be earning anything from UA-cam for the first six to nine months or longer.
It's only really if there's income (either from UA-cam partner programme/sponsorships/affiliate programmes etc.) i.e. an economic activity where a person needs to worry about registering as an autonomo. Thanks for watching!
Hi Jonny, great video as always! I am working for a company from Malta with a long term contract but I'm remote. So I'm working from home. What do you recommend? Maybe it's easier to register as an autonomo?
Thanks Nik!! If you’re not an EU citizen you could maybe look at the digital nomad visa, alternatively I’d probably suggest speaking to a tax specialist or lawyer as it can get a bit messy with social security and taxes. Hope this helps!!
How is daytrading taxed in spain? We have an apartment in spain (marbella) but don't live there. I think spain has a lot of negative points if you live there. I love spain but everything is so complicated, high taxes...
A good question that was asked in the comments of another video of mine recently (see here: ua-cam.com/video/uo0wuiP5Xo4/v-deo.html). In short my understanding is that it is taxed like investing income (19-27%) only. However best to confirm with a tax professional as if this is someone's primary activity then there may be some social security contributions required (though I haven't yet found a source to back this up). Hope this helps!
As someone from the U.K. where it is so easy to get started I was honestly very surprised by the number of hurdles there are in Spain. A real shame tbh :(
One friend who is Autónomo making barely 1000£ told me after tax and everything she is left with just about 450£ that very suck, i dont see how is this encourage self employment in Spain
one needs to setup freelancing in stages. the payoff as i see is instability in exchange for making money on demand. as being a entrepreneur, your success is purely dependent on your own capabilities and ideas. one will have to put in alot more work than a traditional job, however, with a traditional job comes veryvery limited scalability. flexibility demands a high price, but im willing to pay it. even though the overall cost of running as autonomo are high, the relative threshold i see as being very low, compared to sweden where im soon departing from. i will have a normal job alongside going into freelancing, but see freelancing as a way to start from basically nothing and build my way up instead of taking a out a loan on something that might not work out. but then also i see myself learning ALOT by going through everything from the bottom myself. this trade-off of risk vs security i very much like, i do not like to be babied to the point i feel that the swedish gov is doing to their people. if one was to average out pay over time, a traditional line of work might very well pay more, but i see the learning opportunity from doing things by myself being a more comfortable route. i am not afraid of death, i am not afraid of homelessness, i embrace either side of where this will go. but i rather face the end than being alive as a zombie.
Employee or Autónomo? Which would you choose? Leave a comment and let me know!
Thank you so much for explaining so clearly! 😃
Amazing!! Thank you so much for watching Priya!! 😁
😅 I might be one of the few Chinese viewers here. It really depends on the profession when we talk about working in Spain, but in general Spain relying on the tertiary sector of the economy, the work there is hard and gains pretty low, that's why they are competitive in global markets: the lower cost. If you are coder, programmer you could get a good job almost everywhere but other than that there are pretty limited jobs to get unless you are willing to work in a shop or bar. The early Chinese immigrants just run cheap shop and restaurants also because of this, it's boring and need really hardworking routine. Newer generations like me are trying to do something more technical but as far as I know they are not as profitable as the old way, mainly because of the weak consumption power. It's always interesting for me to see what Chinese immigrants are doing in different countries, and that often reflects some truth about that country, you barely seen Chinese running a cheap shop in Germany or Netherlands but their cousins here in Spain do, and their nephews are trying to be a doctor in US😂
Wow welcome and thanks for watching!! Some very interesting thoughts and insights in your comment 😊
Really nice explanation of reality in Spain. I could define “patience” as the key word if you want to suceed. Once you’re already in the system you could have a really great quality of life, like in no other country.
Excellent video man👍🏻
Thanks Valentino!! I agree with you, the quality of life is great but it takes some time to get there.
Good work, Jonny. Youre making videos answering concisely what I need to know right now.
Great to hear Brian!! Thanks for watching 😁
Thanks 🙏 for all this information
You’re welcome Majed!! Thanks for watching 😁
Seems best if you are a non-eu citizen (like being an American), to be incorporated and have an S-Corp and pay urself like an employee and apply for a Digital Nomad Visa, vs. applying as an Autonomo (thus being tax wise and not tax avoidant) ......after 5 years of being on the Digital Nomad Visa = you can then apply for residency if you like and receive SPANISH Social Security that way!
Yes, a digital nomad visa is a very attractive way to move to Spain and reduce your taxes so can be a nice way to do this, social security and the normal tax regime is much higher.
@Jonny, can one register as an autónomo after starting the YT channel? I am asking because a person may not be earning anything from UA-cam for the first six to nine months or longer.
It's only really if there's income (either from UA-cam partner programme/sponsorships/affiliate programmes etc.) i.e. an economic activity where a person needs to worry about registering as an autonomo. Thanks for watching!
Hi Jonny, great video as always! I am working for a company from Malta with a long term contract but I'm remote. So I'm working from home. What do you recommend? Maybe it's easier to register as an autonomo?
Thanks Nik!! If you’re not an EU citizen you could maybe look at the digital nomad visa, alternatively I’d probably suggest speaking to a tax specialist or lawyer as it can get a bit messy with social security and taxes. Hope this helps!!
@@MillennialsWithMoney I forgot to mention that I m Greek. Thanks anyway!
How is daytrading taxed in spain? We have an apartment in spain (marbella) but don't live there. I think spain has a lot of negative points if you live there. I love spain but everything is so complicated, high taxes...
A good question that was asked in the comments of another video of mine recently (see here: ua-cam.com/video/uo0wuiP5Xo4/v-deo.html). In short my understanding is that it is taxed like investing income (19-27%) only. However best to confirm with a tax professional as if this is someone's primary activity then there may be some social security contributions required (though I haven't yet found a source to back this up). Hope this helps!
I like your videos
Thank you Marie Ann!! 😁
Thank you for explaining. No insensitive to become a freelancer in Spain, just like Germany
Welcome! Yeah it’s complicated 😕
I'm happy you pointed out how backwards Spain is as far as encouraging funcionarios and discouraging autonomos.
As someone from the U.K. where it is so easy to get started I was honestly very surprised by the number of hurdles there are in Spain. A real shame tbh :(
One friend who is Autónomo making barely 1000£ told me after tax and everything she is left with just about 450£ that very suck, i dont see how is this encourage self employment in Spain
Sorry to hear that, it’s not easy being an autónomo :(
one needs to setup freelancing in stages.
the payoff as i see is instability in exchange for making money on demand.
as being a entrepreneur, your success is purely dependent on your own capabilities and ideas.
one will have to put in alot more work than a traditional job, however, with a traditional job comes veryvery limited scalability.
flexibility demands a high price, but im willing to pay it.
even though the overall cost of running as autonomo are high, the relative threshold i see as being very low, compared to sweden where im soon departing from.
i will have a normal job alongside going into freelancing, but see freelancing as a way to start from basically nothing and build my way up instead of taking a out a loan on something that might not work out.
but then also i see myself learning ALOT by going through everything from the bottom myself.
this trade-off of risk vs security i very much like, i do not like to be babied to the point i feel that the swedish gov is doing to their people.
if one was to average out pay over time, a traditional line of work might very well pay more,
but i see the learning opportunity from doing things by myself being a more comfortable route.
i am not afraid of death, i am not afraid of homelessness, i embrace either side of where this will go.
but i rather face the end than being alive as a zombie.
Brother how to find good job in Spain ? Please make a video on it
If you work in tech you can get a great job.
Would recommend working for yourself in Antarctica, amazing tech boom going on