Madrid, Spain–Maggie Frappola, a spokesperson for real estate organization, The Spanish Estate Agent, shared her insights on the growing popularity of the new Spanish digital nomad visa in a report published by The Olive Press on February 26.
Spain’s digital nomad visa allows individuals to stay in the country for up to one year and work remotely for their foreign employer or businesses, thus giving freedom to people who can work online to roam and find new lifestyles in a laid-back and welcoming culture and climate.
Unlike most other countries, Spain allows holders of the digital nomad visa to earn an equivalent of 20% of their salary locally (working for a Spanish company).
According to the article, Spain currently has 3.2 million living self-employed, or autónomo (in Spanish), which accounts for 6.8% of the country’s total population.
Frappola highlighted that the visa offers several benefits to digital nomads, including the ability to live and work in some of Europe’s most historically and culturally rich locations with access to free Wi-Fi.
That, too, with a relatively low cost of living, making it an attractive destination for digital nomads looking to save money while living abroad. Statistics show that, on average, consumer prices (including rent) are about 64.6% cheaper in Spain than in the United States.
Frappola noted that there are several factors to consider before making a move to Spain as a digital nomad. These may include language barriers and an adaptation to “the Spanish lifestyle.”
She stressed that the digital nomad visa was a great opportunity for individuals looking to combine work with travel and experience a new culture, adding that Spain had much to offer, including a rich culture and history, countless natural marvels and endless scenery, and a vibrant food and wine culture.
Spain’s digital nomad visa has the potential to attract a new wave of remote workers to Spain, giving a boost to the country’s local economy and enriching the cultural landscape.
As Frappola has noted, while there are challenges to consider, the benefits of living and working in Spain are well worth it for those who are up for the adventure.