We are excited to share with you the latest news regarding the new law of digital nomads in Spain, which has the potential to greatly impact the real estate market.
As you may know, in 2013 Spain approved a law aimed at attracting digital nomads to the country. But that law was not enough. And now in 2023, Spain integrated the "Ley de Start-ups", A law much more adapted to current market needs which offers visas to remote workers that allow them to live and work in Spain for an extended period of time. A digital nomad visa acts as a residence permit that allows non-European citizens to live and work remotely in Spain for up to 5 years. This permit will also allow you to include your spouse and children in the same application; thus being able to move with your family to Spain.
This visa is oriented to non-EU citizens, as Europeans can work remotely for up to 6 months in the country (and if they wish to extend their stay, they only have to obtain their NIE as a resident).
Under this new law, digital nomads will be able to apply for a special visa that will allow them to live and work in Spain without the need for a work permit. These are great news for remote workers who are looking for a change of scenery, as Spain offers a great quality of life, rich culture, and diverse landscapes.
This law has the potential to greatly impact the real estate market in Spain, as digital nomads will need to find accommodation during their stay. Real estate agents and property owners can take advantage of this opportunity by offering rental properties that cater specifically to digital nomads, such as fully-furnished apartments with high-speed internet and flexible leasing options.
Additionally, the law may also drive up demand for co-living spaces and shared workspaces, as digital nomads often prefer to work in a collaborative environment with like-minded individuals.