“Tax nomad” is a term used to describe individuals or companies that do not have a permanent residence or fixed base in any country for tax purposes. These tax nomads may frequently move from country to country, often taking advantage of tax laws that allow them to pay lower taxes or avoid taxes altogether.
Some individuals or companies may choose to become tax nomads for various reasons, such as minimizing their tax liability, taking advantage of tax incentives, or seeking more favourable business environments. However, tax authorities may scrutinize tax nomads and their activities to ensure that they are not engaging in tax evasion or abusive tax planning practices.
There are advantages of becoming a new Spanish tax resident. For instance, the special regime “Beckham Law” in Spain, which offers a significant advantage for non-Spanish residents who become new residents of the country as a consequence of a transfer. However, it is important to review all the requirements in advance to ensure applicability. During the first five years after the transfer, the taxpayer has the right to a substantial reduction in taxes. We review and process applications for the “Beckham Law” for both individuals and international corporations that are motivated to facilitate their employees’ move to Spain.
