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VALENCIA

11 Valencia life hacks that will make you feel like a local

Valencia was voted the best city in the world for foreign residents in 2022, but that doesn't mean life in this coastal Spanish city doesn't take some getting used to. These handy life hacks should help make things easier for you.

11 Valencia life hacks that will make you feel like a local
Photo: Andrea Castello / Pixabay

Use the Valenbisi system to get around
Valencia is a great city for cycling, especially along the Turia Gardens that surround the Old Town, but there’s no need to bring your own bicycle when you move here, which can often take up a lot of space in small apartments. Instead, you can use the Valenbisi system, where you’ll have a bike available to you 24 hours a day and 365 days a year. Find out how to sign up for the subscription here

Learn Spanish first and then Valencian
There are two official languages in Valencia – Spanish (Castellano) and Valencian. Valencian is a dialect of Catalan, which is a separate language from Spanish. Because of this, you may be wondering which language you should learn first. We recommend mastering a decent amount of Spanish first, before attempting to learn Valencian. This is because only 1.3 percent of people in Valencia city regularly speak in Valencian, according to a 2019 city hall survey. Locals prioritise the use of Spanish in 76 percent of cases, even though the city has two co-official languages. According to Spain’s National Statistics Institute (INE) 35.2 percent of people in the Valencia region speak Valencian as their mother tongue. Unlike in neighbouring Catalonia, children in schools in the region are not taught in the local language, but in Spanish. 

READ ALSO: Do I need to learn Valencian if I live in Spain’s Valencia region?

Don’t buy single transport tickets
Don’t bother buying single tickets for Valencia’s transport system, which includes buses, metro lines and trams. Instead, save money by buying the Bono Transbordo ticket for 10 journeys. For Zone 1, it costs just €7.60. In 2023, there are other offers to take advantage of, such as free public transport for under-30s, and free mid-distance trains.

READ ALSO: How much does it really cost to live in Spain’s Valencia?

Make a plan during Las Fallas
Las Fallas is without a doubt Valencia’s most exciting and craziest festival, and while it’s great fun, it can also cause a lot of disruption to your daily life. Some locals even try to get away during this time. The festival lasts for around 19 days, with the majority of the festivities take place over five days from March 15th to the 19th. From March 1st, thunderous firecrackers called the mascletà are set off every day at 2pm in the Plaza del Ayuntamiento, meaning that if you live or work anywhere in the Old Town, you’ll be able to hear it every day. Similarly, if you live anywhere in central Valencia, you’ll end up getting very little sleep for the five main days of the festival, with fireworks and firecrackers being let off at any time of the day or night. The central areas are also very crowded during this time.

The best thing is to make a plan to decide what you’ll do during this time – do you want to leave the city and spend the week somewhere quiet? Do you want to find some accommodation on the city outskirts? Or do you want to become full Valencian, book some time off work and revel in full party mode, even if it means little to no sleep for the week?

READ MORE: Everything you need to know about Valencia’s Las Fallas festival

Join groups to make friends and stay connected
Like many big cities in Spain, Valencia attracts many foreign residents, digital nomads and travellers. This means that it’s a very transient city with people moving here and moving away very frequently. Because of this, and the fact that many foreign residents work remotely online or as freelancers, making friends and staying connected can be tricky. It’s a great idea to join groups to meet both locals and foreigners, especially if you’re working at home by yourself all day. One of the most popular groups in the city to meet others that also work online is Coffees & Co-Working.

Which Valencia life hacks do you have? Photo: ebroslu / Pixabay

Make use of the Valencia metro system to explore further
Many people find when they first move to Valencia that they’re walking most of the time and perhaps using the buses or trams to get to the beach, however, the Valencia metro system is very easy to use and will enable you to explore a much wider area, including outer-lying neighbourhoods, as well as nearby towns and villages.

Make time to go to the beach
This may sound obvious because the beach was probably one of the main things that attracted you to Valencia in the first place, but you’ll find that if you don’t take the time, you won’t visit the beach nearly as much as you’d planned to. This is mainly because the beach is just under one hour’s walk from the centre and is quite disconnected from the rest of the city. Playa de las Arenas is the closest beach to the centre, but remember to make use of the whole stretch to get away from the crowds.

READ ALSO: Valencia named best city in the world for foreign residents in 2022

Make sure you choose a neighbourhood that suits your lifestyle
Valencia is a compact city and you can generally walk everywhere in the central areas, but it’s still important to choose a neighbourhood to live in that suits you. Perhaps you want to live in hipster Ruzafa or close to the beach in El Cabanyal, or maybe you want to experience the quiet village-like feel in Benimaclet. Read our guide on the best neighbourhoods to live in Valencia to help you decide. 

Rent via an agency rather than privately
If you’re new to the city and don’t yet speak Spanish very well, it’s better to rent an apartment via an agency rather than privately from a landlord. This is because you’ll often find private rental ads that sound too good to be true, and this is because they often are. Rental scams are growing in the city and even though an agency will charge you more, it’s safer and you’re less likely to fall victim to a scam. Many landlords don’t speak English very well either and agencies can often help you navigate the language barriers if you’re not that confident yet. 

Take advantage of the menú del día 
It’s common in Spain for restaurants to serve menus of the day at lunchtimes, offering a choice of starters, mains and sometimes desserts for a set price. While sometimes in some Spanish cities, these menus are not always of great quality, in Valencia you’ll find that the majority of them are and many cost less than €12. As well as the typical Spanish restaurants offering these deals, in Valencia, you’ll find everything from Italian to sushi restaurants offering a menú del día. 

Escape the city in August
Like many cities in Spain, Valencia shuts down for the month of August. It’s very hot and in normal years, the city is crowded with tourists. Most locals escape to the beach or the mountains during this time to keep cool and stay away from the crowds. It’s also impossible to get anything done in August, with many official offices and businesses taking holidays for most of the month. Do like the locals do and find a small coastal town or village to escape to. 

READ ALSO: Seven essential apps that make life in Valencia easier for foreign residents

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TAXES

How foreigners in Spain’s capital can pay less tax with the new Mbappé Law

The regional government of Madrid is finalising the approval of the so-called Mbappé Law, a very favourable new personal income tax regime for foreigners who settle and invest in the Spanish capital.

How foreigners in Spain's capital can pay less tax with the new Mbappé Law

Similar to Spain’s Beckham Law, introduced in 2005, this piece of legislation is named after a famous footballer who will be the first to benefit from lower tax rates, as will other foreigners in Madrid.

Kylian Mbappé is a French footballer who currently plays for Paris Saint-Germain, but looks set to sign for Real Madrid this summer.

The objective of the right-wing Madrid government of Isabel Díaz Ayuso is to attract more foreign investment to the region with beneficial fiscal rates.

READ ALSO – Beckham Law: What foreigners need to know about Spain’s special tax regime

Unlike the Beckham though, the Mbappé Law is only designed to benefit foreigners who move to the region of Madrid, it’s not open to those who want to move elsewhere in Spain.

Also unlike the Beckham law, foreigners will only be able to reap the rewards of the Mbappé Law if they invest money into the region. This could be in the form of investments in companies or in vehicles, but it cannot include investments in property.

Specifically, applicants will be able to deduct 20 percent of all the money they invest in the Madrid region.

The law applies to regional personal income tax, which accounts for approximately half of entire tax payments in Spain, since the other part corresponds to the State’s collection.

Normally, a foreigner like Mbappé will be taxed in the highest income bracket, as they will earn well over €300,000 gross per year.

When the law is finally approved however, Mbappé could avoid paying the regional income tax entirely, in the event that 20 percent of his Madrid investments represent the same amount that he would have had to pay in taxes on his salary.

READ ALSO: Why you should move to this region in Spain if you want to pay less tax

How will the Mbappé Law work?

For example, if Mbappé earned €40 million gross (not his actual salary), he would normally be charged €18 million in personal income tax.

Of this, 24.5 percent would correspond to the state tax, and this would have to be paid as normal. This means the state would collect €9.8 million from him in tax.

The change happens with the rest of the tax – the regional tranche. If he doesn’t make any investments, which now seems unlikely, he would have to pay €8.2 million in tax to Madrid.

If on the other hand the French superstar invested €40 million in Spanish companies or state bonds – he could deduct €8 million, which represents 20 percent of that amount.

This would mean that Mbappé’s tax rate would remain at 24.5 percent, a marginal rate that is slightly higher than the personal income tax for a worker who earns €20,000 and receives around €1,300 net per month.

As a percentage, of course, the amounts in Mbappé’s case are going to be huge. So, instead of paying €18 million in total, he would only pay €9.8 million.

Overall, this legislation signals that Madrid will become even more attractive to foreign investors.

By contrast, those who move to Catalonia will have to pay 25.50 percent in regional income tax, which added to the 24.5 percent of the state tax would increase personal income tax by half. So as a Real Madrid player Mbappé would earn €30.2 million, but if he signed for Barça he would pocket €20 million.

What’s the catch?

There are a few caveats to the new law, which primarily depend on how long you stay in Madrid. The new regulations establish that you have to stay and live in Madrid for a total of six years. If you leave before those six years are up, then you will be forced to return part of the tax savings you made.

What does this mean for Madrid?

The regional government of Madrid estimates that 30,000 foreign investors could choose to move to the region specifically in order to benefit from the new law and that it will cost the public coffers €60 million per year.

The idea is that Madrid will continue to attract foreign investment. Madrid’s leader Isabel Díaz Ayuso recently claimed that: “Two out of every three euros that arrive in Spain as an investment from abroad do so in projects that are developed within the Community of Madrid. In the last decade, the flow of investments has doubled”.

Madrid already has some of the best tax incentives in Spain. Residents pay less tax on their income, assets, inheritance and property transactions and conditions are beneficial to high-income earners in particular.

Financial experts agree that Madrid is among, if not the top region, with the most lenient tax system in the country, and when the Mbappé law comes into force, the region will benefit from even more incentives.

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