Trusts in Spain: An Incoherent Legal and Tax Approach
A trust is a legal relationship originating in common law whereby a person (the settlor) transfers assets to another (the trustee) to hold and manage for the benefit of one
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OUR EXPERTISES > PRIVATE CLIENTS & FAMILIES
Moving to Spain
Highly Qualified Professional Visa
The Highly Qualified Professional Visa (PAC) is a residency permit enabling non-European Union citizens to legally live and work in Spain, particularly in highly skilled positions.
Del Canto Chambers will secure your HQPV
Individuals eligible for this visa include those with higher education or equivalent professional experience of at least three years, graduates or postgraduates from universities and business schools, and individuals with degrees in regulated professions requiring degree homologation. To be eligible you must be a manager overseeing a sizable team within a company, an individual in a technical or specialized role, or a graduate/postgraduate from a reputable university or business school.
The minimum salary requirement for a management position is €54,142 per year, and for a non-management position, it is €40,077 per year.
The application process involves submission via the Unit for Large Companies and Strategic and Economic Sectors (UGE-CE). Required documentation includes a passport-style photo, original passport, background check, application form, fee payment proof, funds proof, qualifications proof, job description, and CV.
The visa also allows free movement within Schengen member countries and permits obtaining residency for spouses, children and dependent adult children. This residence permit allows them to work in Spain as well.
Our Experts in Spanish Visas & Immigration Matters
Our clients have the word
My wife and i recently obtained our Golden Visa TIE´s for which we would like to thank Del Canto Chambers for all the work they did to enable us to achieve this. A special thanks to Julia Moreno who diligently worked with us to make the application and subsequent approval as easy as possible.
Christopher Featherstone
Fernando is very knowledgeable,helpful and opened to answer any queries via email or phone. The best Tax Lawyers, that gives you confidence and solution to whatever tax situation one might find themselves. Thanks again Fernando, I will continue to patronise your services.
Michael CoyleRequirements to obtain the HQPV
For the granting of an Initial Authorisation for Temporary Residence and Work of a Highly Qualified Professional it is necessary:
1: On the part of the Highly Qualified Foreign Professional:
- Be regularly present in Spanish territory (you can also carry out the procedure from your country of origin).
- Not be a citizen or relative of a citizen of a State of the European Union, the European Economic Area or Switzerland.
- You must not be banned from entering Spain and you must not be refused entry in countries with which Spain has signed an agreement.
- Not have a criminal record for offences under Spanish law (both in the countries of residence in the last five years and in Spain).
- Pay the relevant fees for the processing of the Temporary Residence Authorisation and for the Work Authorisation.
- Have the legally required professional training and qualifications to work.
- Bear in mind that, in the case of foreign qualifications, they must be homologated.
2: On the part of the Employer:
- Present an employment contract signed by both parties guaranteeing the worker:
- Continuous activity for the duration of the authorisation.
- Conditions under the regulations in force and the collective agreement applicable to the profession's activity, category, and locality to be performed.
- A gross annual salary of more than 1.5 times the average salary for the profession to be performed.
- Have sufficient financial, personal, or material resources to meet their obligations to the company and the worker.
- Be registered in the corresponding Social Security scheme.
- Be up to date with all tax and Social Security obligations.
What makes Del Canto Chambers the right choice for you?
Del Canto Chambers’ dual-qualified, multilingual tax lawyers have handled over 500 complex cases from Europe, the Middle East, Latin America, and Asia. Discerning London-based and international clients, corporations, solicitors, and tax advisors count on our expertise.
You can more about what clients have to say, about working with Del Canto Chambers here below.
FAQs about the Highly Qualified Professional Visa
The Highly Qualified Professional visa is a type of visa that allows individuals with specialised skills and higher education to work and reside in Spain.
Individuals eligible to apply for this visa are those with higher education, equivalent professional experience of at least three years, graduates or postgraduates from recognised universities and business schools, as well as those with degrees in regulated professions that require degree homologation.
The purpose of the Highly Qualified Professional visa is to attract specialised and qualified talent to Spain to contribute to the economic and business development of the country.
This visa offers several benefits, such as the possibility to reside and work legally in Spain, freedom of movement within the Schengen Area, the option to obtain residence for dependent family members and the opportunity to change employers without the need to apply for a new visa. In addition, it can lead to obtaining permanent residence in Spain?
The validity of the residence permit will be for 3 years, or equal to the duration of the contract if it’s less than 3 years. This residence permit is renewable for two years, and afterward, permanent residence can be requested.
GET IN TOUCH
Let us guide you on our service for the Non Lucrativ Spanish Visa
Del Canto Chambers specialists are constantly up to date with new legislative changes and aware of any Spanish tax and legal implications. Contact our Spanish legal and tax specialists to find out the best tax planning and corporate structures in your circumstances.
Testimonials
We bought our property near Alicante in 2007 with a mortgage through Banco Guipuzcoano the bank was later absorbed by Banco Sabadell. I read in the press about the mortgage Floor Clauses and Mortgage Expenses applied by the banks which the Spanish Courts have judged illegal. We redeemed our mortgage in 2017 with the bank. I contacted Del Canto who managed our claim front to back with no need for us to go over to Spain. The result is the return of £19k to us. Julio Prieto and the team in Spain and the UK kept us informed throughout process. I am therefore very happy to recommend Del Canto Chambers.We can recommend Del Canto Chambers and would not hesitate in using them in the future for any further legal work we require.
Owen Stafford
Del Canto Chambers helped me and my partners with brand name and brand logo register within EU. Solid and knowledgeable advice along the way!
Jacob Munch
Wow, what a refreshing experience – from start to finish the Del Canto team were extremely professional, responsive, knowledgeable and supportive throughout the process of forming a Spanish company and helping transition of our working lives from the UK.
Julio in particular went beyond expectations to coordinate everything efficiently. Thank you!
The meeting was encouraging so we formally instructed them to act on our behalf to pursue a claim against the Menorcan bank.
During the investigation we were kept up to date regularly and after delays created by the pandemic, we finally heard the Spanish High Court had found on our behalf and award a substantial amount.
So a very big thank you to all the team and wish them well for the future.
Andy Wright
Del Canto Chambers helped our Firm with the Spanish tax and legal advice necessary to establish our operations in Spain. I highly recommend their services.
Sena TokelDel Canto Chambers has a 5/5-stars client satisfaction on Google Review
Satisfied clients are among our highest priorities. See what other clients has to say about us on Google Review:
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