Offshore Bank Accounts
Open a Multi-Currency Account in HK - Statrys
Turner Little - Company Formation Agents
UK Ltd with emi bank account
DLS Dubai - Company Formation & Bank Account

Beckham Law (Spain) - opportunity or a shitshow?

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

yr333

New member
Let’s discuss so called Beckham law in Spain.

1) Some company (i shouldn’t be a shareholder) may send me to work as an administrator in their rep office in Spain and my income in Spain will be taxed 24% up to 600k

2) For all my foreign income I don’t need to declare and don’t need to pay any tax, neither from employment income (of work done abroad), director’s fees from foreign companies, dividends, etc

3) No wealth tax on foreign assets during this status

4) It lasts first year plus 5 years after that you become a normal resident (or can leave)

I know many people are skeptical about Spanish taxes, but what is wrong with this setup? Isn’t it a nice opportunity to keep all foreign income tax free for at least 5 years?

I can identify that Spain can have questions in theory about CFC for companies I recieve passive income, place of work for employment income..

But if to keep low profile, together for example with active UAE residence / UAE banking, and no need to declare foreign matters - can it work safely?
 

Admin

Forum Moderator
Staff member
I know many people are skeptical about Spanish taxes, but what is wrong with this setup? Isn’t it a nice opportunity to keep all foreign income tax free for at least 5 years?
Why 5 years if you say first year tax free and next 5 years "become a normal resident" does it mean you still exempted from taxes?
 

yr333

New member
Why 5 years if you say first year tax free and next 5 years "become a normal resident" does it mean you still exempted from taxes?
It is written that a special regime is active for the year you enter the country and apply plus 5 years.

To my understanding after that you cannot use this mode and become full tax resident
 

Cetme308win

offshore libertarian
Mentor Group Gold
Let’s discuss so called Beckham law in Spain.

1) Some company (i shouldn’t be a shareholder) may send me to work as an administrator in their rep office in Spain and my income in Spain will be taxed 24% up to 600k

2) For all my foreign income I don’t need to declare and don’t need to pay any tax, neither from employment income (of work done abroad), director’s fees from foreign companies, dividends, etc

3) No wealth tax on foreign assets during this status

4) It lasts first year plus 5 years after that you become a normal resident (or can leave)

I know many people are skeptical about Spanish taxes, but what is wrong with this setup? Isn’t it a nice opportunity to keep all foreign income tax free for at least 5 years?

I can identify that Spain can have questions in theory about CFC for companies I recieve passive income, place of work for employment income..

But if to keep low profile, together for example with active UAE residence / UAE banking, and no need to declare foreign matters - can it work safely?
you actually have to disclose your foreign assets
 

Cetme308win

offshore libertarian
Mentor Group Gold
I am not sure on this. With this status you don’t need to disclose to what i know (no form 720)
Talk with a lawyer but I'm sure you should.
I'm spaniard and the taxman here is worst than a bunch of mobsters
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
1) Some company (i shouldn’t be a shareholder) may send me to work as an administrator in their rep office in Spain and my income in Spain will be taxed 24% up to 600k

Make sure your not an owner of the company. I think they have a threshold of 24% ownership before law becomes invalid.

I know many people are skeptical about Spanish taxes, but what is wrong with this setup?

Spanish taxman :confused:

P.S If WHT is an issue for your offshore income you may want to get professional advice. As you get no access to any DTA's also as your considered a non-resident for tax purposes with Beckham Law.
 
DLS Dubai Company Formation and banking solution

Latest Threads

Offshore Bank Accounts
DLS Dubai Company Formation and banking solution
Top