Spain is a country located on the Iberian Peninsula in Europe, bordered to the south and east by the Mediterranean Sea with a population of almost 47 million. It is a good place to look for a job and start a new life. When you work in Spain, you will see that it is a very healthy place to live with good weather and a Mediterranean diet. There are several locations where highly desirable property is still undervalued. Sunny coastlines and sandy beaches. Well-connected country, with Europe and the rest of the world.
Spain finally started to consolidate its economic recovery after the economic crisis, with a strong increase in employment levels. Apart from the political instability because of the call for independence in Catalonia, many issues were carried over at the end of 2017, for example, plans to improve work-life balance, measures promoting wage transparency to help reduce the gender pay gap and agreements to improve public employment.
About the taxes, if you are an official resident in Spain, you will be subject to Spanish tax on your worldwide income (calculated on a progressive scale), although tax deductions exist. If you are a non-resident in Spain, you will only pay income taxes (typically at a flat rate). Taxes are also present on Spanish properties, even if you do not rent out your property. The VAT rate is 21%. The cost of living is well below the European average, particularly outside of Madrid and Barcelona.
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