Spain
How Spain performs
Tax
High taxes. Spain has one of the heaviest tax burdens in the index, 114th of 123. A large share of income and profit goes to tax, so it suits people who are not moving for tax reasons. Personal income tax 19-47%, corporate tax 17-25%, VAT 21%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Safe. Spain is safer and more stable than most countries we cover (25th of 117).
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Fairly expensive. Everyday life costs more here than in most countries we cover (86th of 118). Budget for it.
Source: Numbeo Cost of Living Index
Education
Excellent education. Spain has one of the strongest education and knowledge systems in the index, 22nd of 120. A strong choice for families and for study.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 17-25% Applicable tax rate varies based on amount of income earned and size of the company |
|---|---|
| Personal income tax | 19-47% Applicable tax rate varies based on the amout of income earned, residency status and location of income |
| Standard VAT | 21% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 10 years2 years for Latin American countries, Andorra, the Philippines, Equatorial Guinea, Portugal or persons of Sephardic origin
- Language requirement
- YesProficiency in Spanish language (A2 level)
- Investment Immigration Pathway
- Not applicable
- Official language
- Spanish (Castilian)Spanish is official nationwide; Catalan, Basque and Galician are co-official in their respective regions
- Dual citizenship
- Allows with conditions
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