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DIGITAL NOMADS IN SPAIN

CONFIRMED: Spain’s new income requirement for digital nomads in 2024

The financial requirements for Spain’s digital nomad visa (DNV) have increased for 2024. Here's what you need to know if you're considering applying this year.

CONFIRMED: Spain’s new income requirement for digital nomads in 2024
What are the financial requirements for Spain's DNV in 2024? Photo: Ivan Samkov / Pexels

Spain’s minimum wage increased this year meaning so too has the financial requirement for the digital nomad visa or DNV. This means anyone applying in 2024 will have to show they earn more than those who applied in 2023. 

Spain’s DNV is referred to as visado de teletrabajador de carácter internacional on most of the official websites in Spain and became available for the first time at the beginning of 2023. 

The UGE (Unidad de Grandes Empresas y Colectivos Estratégicos), the body that deals with these visas and the one you apply to states that you need to prove you have monthly earnings of at least 200 percent of the minimum interprofessional salary (SMI), or minimum wage.

READ ALSO – LISTED: All the documents you need for Spain’s digital nomad visa

In January of this year, Spain’s Labour Ministry announced it would raise the minimum wage in 2024 by €54 per month over 14 payments.

This represents a five percent increase, meaning that the minimum interprofessional wage is now €1,134 gross over 14 payments. This works out to 12 monthly payments and two extra ones, as is the norm in Spain. 

In real terms, this means that the minimum wage increase per month for 2024 is €63, and the minimum monthly wage (if seen as 12 payments instead of 14) is €1,323 gross. 

READ ALSO: Is Spain’s digital nomad visa still worth it?

Two hundred percent of €1,323 equals €2,646, meaning this is now the monthly amount you must earn in order to be eligible for the DNV. This equates to €31,752 per year. 

In 2023, the monthly amount you had to earn for the DNV was €2,520 per month or €30,240 per year.

This means that the amounts have also gone up for anyone accompanying you on the visa, such as a partner and children. 

If you’re applying for yourself and your partner, you will need to prove you earn an extra 75 percent of the minimum wage. This currently equates to an extra €1,984.50 per month on top of the €2,646 just for you, so a total of €4,630.50 per month. 

For each additional family member after this, such as children, you will have to prove you have an extra 25 percent of the SMI, which is an extra €661.50 per month.

In total, if you’re applying for a family of two adults and two children, you will need to prove you earn a total of €5,953.50 per month or €71,442 per year. 

If you’re applying as an employee and a remote worker, you should be able to prove your monthly income via your contract, which you will submit along with your application.  

If you are self-employed, like many applying for the DNV, it’s likely you won’t have fixed earnings and your income will fluctuate every month. In this case, the authorities will take your average earnings over the last three to six months for example, so you’ll have to make sure this average is over the threshold. 

Self-employed workers can prove their monthly earnings with several job contracts, invoices, bank statements and tax returns.

Even with the increase to €1,323 per month (over 12 months), Spain’s minimum wage is still considerably lower than France’s (€1,747), Germany’s (€1,997) or Ireland’s (€1,909).

Because of this, Labour Minister Yolanda Díaz says she plans to raise Spain’s minimum wage again in 2025.

This means that if the financial requirements are already a stretch for you and you’re planning on waiting until next year to apply, you may want to speed up your move, so you don’t have to prove you earn more in the future. 

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RENTING

Do I have to pay the estate agent a commission if I rent in Spain?

Who has to pay the real estate agent commission (usually equivalent to one month's rent) in Spain: the landlord or the new tenant? And are there exceptions to the rules or underhand tricks agents use to get tenants to cough up more money?

Do I have to pay the estate agent a commission if I rent in Spain?

Up until 2023, the general rule in Spain was that both the landlord and the tenant would both have to pay estate agency fees when a rental contract was processed through them, although in some cases it was just the arrendatario (tenant) rather than the arrendador (landlord) who had to foot most of this commission.

Tenants often had the sense they weren’t getting much in return out of it, as it was common to find apartments hadn’t been cleaned, filled with broken furniture and other appliances that weren’t working.

On top of a commission to the agency equal to one month of rent, tenants had to pay one to two month’s deposit and a month’s rent, meaning they had to pay a total of three to four months’ worth of fees upfront, which would rack up to a lot of money. 

READ ALSO: The cities in Spain where people fight most over a place to rent 

Thankfully, Spain’s housing law, brought into force in May 2023, put an end to this and now it’s solely down to the landlord to pay the agency fee as they’re the ones who hired them.

The law, which modified part of the Urban Leasing Law of 1994, now states: “The expenses of real estate management and formalisation of the contract will be borne by the lessor,” that is, the owner of the property.

READ ALSO – Renting in Spain: Can my partner move in with me?

One of the main problems is that agencies have been doing this for so long that they stand to lose quite a bit of money and may continue to ask tenants to pay on the side. 

Alejandro Fuentes-Lojo, a lawyer specialised in real estate law explained to Spanish news site Newtral: “Many professionals will try to circumvent this prohibition, and in some cases they will try to make the tenant pay out of pocket, but we must warn that if they agree, they will be unprotected by the law”.

Be aware, even though tenants shouldn’t have to pay the full agency fees anymore, there are certain circumstances in which they may still have to pay something.

The Rental Negotiating Agency (ANA), states that there are a series of exceptional cases where real estate agencies can pass some of these expenses on to tenants, specifically when they are offered a series of additional services that directly benefit them.

These expenses could include house cleaning services at the end of the lease, repair services and legal advice during the duration of the contract, or other services where it can be proven that they have a direct benefit for the tenants. These expenses can only be collected after the contracts are signed.

READ ALSO – Q&A: When can you legally leave a rental property in Spain? 

The general director of ANA and a lawyer specialised in leasing, José Ramón Zurdo, states: “The new Housing Law does not regulate or limit the impact of expenses that accrue after the signing of the contracts, because the limit of expenses that can be passed on is closed after this time”.

According to the new housing law, expenses that can’t be passed on to the tenant include management expenses charged by real estate agencies for intermediating, searching for tenants and showing the homes. Tenants can also not be charged for expenses of formalising contracts or paying any lawyers or notaries involved.

There are also four exceptional cases where agencies can still charge fees to tenants, when they are not habitual residence leases and, therefore, are not regulated by the Urban Leases Law.

These include:

  • Tourist accommodation
  • Rental of commercial or office space
  • Seasonal rentals
  • Luxury housing leases – Properties whose surface area exceeds 300 m2 built, or whose rent exceeds the interprofessional minimum wage by 5.5 times.

READ ALSO: Spanish court rules buyer can purchase property directly from seller without paying agency fees

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