From Barcelona to Cadiz, Spain has it all…
Location: Western Europe
Currency: Euro (1 Euro = approx $1.10 USD)
Time Zone: GMT +2 (Spain observes daylight savings time. Your 6 pm BJT classes start at noon in the summer and 11 am in the winter.)
Population: 47 Million
Internet Speed: Spain has some of the fastest internet in Europe. and comes in at 15th on Speed Test’s Global Ranking with speeds of 114 down and 102 up. Vodafone offers great rates on fixed broadband service. Some rural areas of Galicia offer slower speeds, but the regional government has pledged to install the infrastructure to migrate customers to high speed fiber optic internet by 2021.
Visa: Spain has begun issuing a non-lucrative visa for those who don’t wish to undertake economic activity within Spain. That is, they either have passive income or income generated from outside of Spain- such as being a digital nomad. After five years on a non-lucrative visa, you can apply for permanent residency. Check out our detailed blog on Spain’s non-lucrative visa. This allows you to live and rent property in Spain without having to pay taxes. Of course, without taxes, you won’t have access to social services. The autonomo visa will allow you to set up your own business in Spain (including working as a digital nomad). Expatica did a great article on this type of visa.
Healthcare: Spain offers terrific universal healthcare. However, if you are on the non-lucrative visa, you will not be entitled to the national social services- like healthcare. There are a variety of affordable private insurance options. I consulted with one healthy expat in Spain who is 41 years of age and she pays 75 euros per month for what she considers very good coverage. Check out World Nomads for travel insurance.
Cost of Living: It’s really hard to pin down the cost of living in Spain. If you want to live in Madrid or Barcelona, things can be pricey. According to Numbeo, one-bedroom apartments in the center of these two cities can rent for an average of nearly 1,000 euros a month. Smaller cities can be much more affordable. Apartments in the interior of Galicia can sell for approximately 30,000 euros. Even lively cities like Salamanca can be less than half the cost of bigger cities like Madrid or Barcelona for rent. Eating out in local restaurants in Spain is incredibly affordable- and offers amazing food.
The information provided in this article is provided purely as a matter of convenience and does not constitute legal or professional advice. Always seek the advice of a qualified immigration attorney before making the decision to relocate.