Yes, if you moved to Spain to run a business through a Spanish company as a director you may apply for the Beckham tax regime for a maximum of six years even if you are a shareholder of that company.
If the company is a “passive assets-owning company,” the director’s stake in the company cannot exceed 25%. To qualify for this regime, you must not have been a tax resident in Spain for the past five years and must have relocated to the country to be appointed as a director.
Any Spanish source income and work/salary worldwide would be subjected to a flat tax rate of 24% (47% for any sum beyond 600,000 euros).
Additionally, any dividends, interest, or capital gains sourced from Spain would be subjected to rates ranging from 19% to 28%, and Spanish investments would be subjected to Wealth Tax and Solidarity Tax. Foreign income, assets and capital gains will be tax-exempt in Spain.
Del Canto Chambers is a leading London Barristers Chambers specialising in Law, Tax & Legal Advice. Our dual-qualified, multilingual lawyers specialise in international law and tax and have worked on over 500 cases globally.
Get in touch with one of our barristers or lawyers
To make a no-obligation enquiry, please either call us now on:
+44 2070 430648
or complete our online form on our contact page, which after receipt we will come back to you within 24 hours.
