Spain's Start-up Law 28/2022 came into force on 23 December 2022, amending the corporate and personal tax system to encourage foreign investment and immigration of qualified professional non-residents. Expatriates and other non-residents will be able to apply for a 24 per cent personal income tax during the first year of application and for five additional years, with full tax exemption on their overseas wealth. A 50 per cent tax deduction and EUR100,000 exemption will be available to individuals who invest in start-ups and 'digital nomads' will be able to work remotely from Spain for foreign companies for three years.
News Source：【Seegman 2022/12/29】