Nerja: 
Moving to Spain can be an exciting thing, but it's crucial to navigate the legal and tax implications carefully. If you're an EU citizen or a non-EU resident, understanding the specific requirements and potential pitfalls is essential.
The process of becoming a resident in Spain is relatively straightforward. You'll primarily need to secure private health insurance or a certificate proving you have coverage in your home country. However, it's crucial to remember that residing in Spain for over six months makes you a tax resident. Before making this move, consulting with a tax advisor is highly recommended. This will help you understand the potential tax implications of your residency.
If you plan to stay in Spain for more than six months, you'll become a tax resident and will need to declare your worldwide income. This can have significant consequences, especially when selling property in your home country.
Non-EU citizens have a range of options for obtaining residency in Spain, including the Nomad Visa, Golden Visa and the Non-Lucrative Visa. However, each visa type has its own set of requirements and limitations. It's crucial to consult with an experienced immigration lawyer to determine the best option for your specific circumstances.
Given the complexities of Spanish residency and taxation, it's highly recommended to seek professional advice from a qualified lawyer or tax advisor. They can help you understand your rights and obligations, navigate the bureaucratic process, and minimize potential tax liabilities.
At Sanchez Solicitors, we specialize in assisting clients with their legal and tax needs in Spain. Our experienced team can provide personalized guidance and support throughout your relocation process.
Contact us today to schedule a consultation.
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