On December 22, 2022, Spain introduced a law to attract entrepreneurs and digital nomads — professionals who work remotely for companies not based in Spain.

For whom will it be interesting?

This is designed for individuals with a stable income who work entirely remotely, either for an employer or self-employed, with at least three years of professional experience. Digital nomads, as defined here, do not include those who work in crafts, agriculture, or online sales as self-employed individuals.

List of main documents for digital nomads:

• Application for a long-term visa (Solicitud de Visado Nacional);
• Passport valid for at least two years and a clean visa page. Passports issued more than 10 years ago are not accepted.
• A recent colour photograph (3.5×4.5 on a white background);
• Proof of residence in Spain: a real estate rental contract, a purchase of real estate, a notary deed of residence with friends or relatives (one of the options);
• criminal record certificate(s) issued by the country of residence of the applicant for the past 2 years. The applicant must also submit a responsible declaration confirming the absence of criminal records for the last five years;
• A medical certificate (original and copy) stating that there are no illnesses as prescribed by the International Health Regulations translated into Spanish by a sworn translator or issued in Spain by a Spanish medical officer;
• Payment of the visa fee. Visa fee payment is compulsory and has to be made at the same time when submitting a visa application in local currency.

Specific requirements

Decision terms

The legal term for reaching a decision is 10 days, but this term may be extended when an interview or additional documents are requested.

The refusal-failure 

rate is minimal.

Validity of the visa

This visa will be valid for a maximum of 1 year, or the same validity as the authorization granted to live and work in Spain. 

Sworn translations and legislations

All foreign documents must be legalised by the consulates of the issuing country or bear the Hague Apostille if from a country that signed the Hague Convention of October 5, 1961. However, official documents from EU Member States do not require legalisation.

Evelors can help with a Digital Nomad Visa in Spain! Send us an email and we’ll provide you with a free consultation. Together we will think and choose for you the best option of moving.

Advantages

Corporate tax (CT)

The corporate tax rate is 12.5%. The profit of the resident company is taxed in Cyprus, regardless of the place and sources of its formation. Non-resident companies are subject to corporate tax only on income received in Cyprus.

IP BOX Special Tax Regime

If a number of conditions are met, taxes in Cyprus can be optimized with a corporate tax rate of up to 2.5% if the Cypriot company profits from intellectual property (IP) ownership.

Such an interest rate is achieved due to the fact that 80% of the income received from ownership of intellectual property can be exempted from income tax, while 20% of the income from IP is taxable at a standard rate of 12.5%.

Benefits can be used provided that the Cypriot company participated in the creation of such intellectual property rights in Cyprus, and its main activities are related to such IP.

VAT registration

Registration under Cypriot law may be voluntary or mandatory.

Every person who meets two criteria is entitled to voluntary registration:

1. The Company provides services (supplies goods) outside Cyprus that would be subject to taxation if they were provided (supplied) in the territory of Cyprus;

2. The person has a business in Cyprus.

Mandatory VAT registration occurs when the Company achieves one of the following factors:

– The total volume of taxable deliveries exceeds 15,600 EUR;

– The total volume of taxable purchases exceeds 10,252 EUR;

– Since the beginning of the calendar year, the volume of remote sales to persons residing in the EU and not registered for VAT has exceeded EUR 35,000.

Business entity registration

Decide on the type of business you want to establish, whether it’s a limited liability company or a partnership

Choose a business name

Whether you’re pursuing national or international business activities, you must have a distinctive business name. To choose a name that will help with branding, but keep you compliant with regulations.

Apply to incorporate a company

To confirm the substance, there may be different criteria, the main ones

Corporate documents

When the company is registered, we receive a package of documents from the Registrar, which includes:

Visa-free trips to Europe

Hungarian residents travel to the EU and Schengen countries without visas and can stay there for up to 90 days out of 180.
Foreigners with residence permits in this country also do not need a visa to visit the following countries: Monaco,  Montenegro, Serbia, and several other European countries.

Possibility of acquiring Hungarian citizenship

Holders of a residence permit could apply for a permanent residence permit after three years’ residence in Hungary and, after another eight years, for citizenship. In order to become a citizen of the country and to not cancel permanent residence, it is necessary to observe certain rules. In particular, notify the Aliens Office if your trip abroad will last more than 6 months. It is also prohibited to leave the country for more than two years.

The Hungarian passport occupies a leading place in the ranking of passports in the world. It will open up 186 countries to you, including the United States, the United Kingdom, Japan, and Australia.

Access to quality health care

Medicine in Hungary meets EU standards. At the same time, the prices for medical services in the country are lower than in Germany or the Nordic countries.

Hungarian residents have access to public and private clinics and a European health insurance card. The card allows medical treatment in the countries of the European Union and the European Economic Area free of charge.

European education

Among them are the universities of Budapest, Szegeta, and Debrecen. Universities offer programmes in English, French, German, and Hungary.

Higher education in Hungary is based on the Bologna system, so the diplomas of local universities are recognized in other countries.

Low cost of living

600 € per person per month is the average cost of living in Hungary, excluding rent. A family of four will need an average of about 2000 euros per month.
The cost of living in Hungary is one and a half times lower than in Germany or Sweden.

Opportunity to work or open a business in Europe

Investors with a residence permit in Hungary can be employed, register a company, and acquire the status of an individual entrepreneur or self-employed person.

General necessary documents for residence permit

A passport, the validity of which must be sufficient to obtain a residence permit for the required period.

Photo 35×45 mm on white background.

Proof of the availability of the required amount of money-bank statements, tax returns, etc.

Certificate of no criminal record. 

Medical insurance covers 30,000 EUR.

When filing with family members – documents confirming your kinship.

There are 11 main ways to obtain a residence permit in Hungary:

1. Residence permit with the right to conduct business and work.
2. Working residence permit (job search and employment).
3. White Card: Hungarian residence permit for digital nomads and freelancers.
4. Residence permit for education
5. Residence permit for scientific research.
6. Residence permit for treatment.
7. Residence permit for financially independent persons.
8. Residence permit for marriage and family reunification.
9. Residence permit for investors.
10. Residence permit for volunteer activities.
11. Residence permit for other purposes.

Evelors is here to provide assistance in securing your residence permit based on various eligibility criteria. Whether you’re considering options through employment, investment, education, or family reunification, our expertise can guide you through the complex process. Reach out to us for personalised support!

Poland also has a favourable environment for entrepreneurship. It`s easy to open your business here. Also, the number of start-ups is growing. 

This growth highlights the importance of understanding Poland’s tax system, which is essential for anyone looking to tap into this vibrant market.

Corporate Tax (CIT)

Companies with annual sales under 2 million euros pay a 9% rate.

Companies with sales over this threshold pay a 19% rate.

Value Added Tax (VAT)

The standard rate is 23%.

Personal Income Tax (PIT)

Rates vary by income and taxation form, at 12%, 19%, or 32%.

Dividend Tax

Fixed at 19%.

Withholding Tax

Ranges from 0% to 20%.

Employee Taxes

Social, medical, and pension contributions total about 64% of the net salary.

Tax Reporting in Poland

VAT returns are filed monthly or quarterly.

An annual tax declaration is required.

Advance tax payments are due monthly or quarterly.

The annual financial report must be submitted yearly.

Need help navigating taxes in Poland? At Evelors, we offer expert consultations and accounting services to simplify your tax process. Feel free to reach out to us for assistance!

Conditions

– residence for 2 years, investing in real estate at least $204,000. At the same time, if an investor issues a residence permit also for his spouse, the total price of their property should be more than $275,000.
– a 10-year residence permit (golden visa) can be obtained with an investment in real estate amount exceeding $545,000.

Golden Visa will give you an opportunity to live in the United Arab Emirates – one of the safest and most dynamic countries in the world. You will also have the ability to keep your visa without having to come to Dubai at least once every 6 months.

Note: You can also invest in housing with a mortgage, but the initial contribution should be at least 50% of the value of the property. It is possible to invest in housing under construction.

Basic requirements

– to be of age;
– do not have dangerous diseases (e.g., HIV or tuberculosis);
– no criminal records;
– need to confirm the legality of the income.

Timeline

You can get a visa for 2-3 months. To live in the country is not necessary, but to maintain the status requires to visit the Emirates at least twice a year. After the expiry of the visa, it can be extended for the same period.

Opportunities

Preferential Taxation. Entrepreneurs from all over the world are seeking to register their companies here, as the rate of income tax is only 9%. In addition, there is no income tax, property tax or dividend tax. This creates favourable conditions for business development.

Ability to make international payments and store funds in foreign currency accounts in UAE banks. Residents can open accounts in dirhams, as well as in other currencies: euros, dollars, British pounds and others.

Education for resident children is high. They can study in international schools or higher educational institutions, where teaching is carried out according to international standards. Schools often use English as the main language, as it is the main language of international communication and business.

The UAE is also famous for its quality health care. Many people come here specifically for examination or treatment in local clinics.

And last but not least – Resident visa holders can enter the country at any time.

Evelors specialists are always ready to help at all stages of the process of obtaining a residence permit, providing professional advice and support.