Nop, just my advisor saying it.Do you have any source for this?
I got different info from local tax advisors. They said you can't be sure how you will be taxed, so worst case would be up to 35% income tax.
One advisor said you can cashout longterm holding and pay 0%.
Other advisor said to create a company and pay 12,5% (which I would happily pay if I'm sure I can get a bank to accept my money). Not sure if they will even let me use that money for creating the company. Am I too paranoid?
What is stopping me to chose Dubai right away is the tax residency certificate. I'm concerned the motherfuckers of spanish tax agency will try to screw me