As a Spaniard who was about to take a well-deserved siesta, I found these points so blatantly inaccurate that I had to get up and address them.
>>3% tax on my global wealth every year (in effect it's more like 4.5% because there is also significant capital gain tax)
This only affects multi-millionaires, and even then, your numbers are wrong. The national wealth tax only applies to net worth over €3M. The top rate of 3.5% is only for assets over €10.7M. And some regions like Madrid and Andalusia offer a 100% exemption from the regional tax.
>>60% tax on a semi-decent tech salary
False. The top income tax bracket is ~47% on earnings over €300K, which is far beyond a "semi-decent" salary here. More importantly, as a foreigner, you can use the "Beckham Law" to pay a flat tax of 24% on your first €600K of income for six years.
>>25%+ capital gain tax for my investors (if I find any)
You're cherry-picking the highest rate again. It's a progressive tax starting at 19%. It only exceeds 25% on gains over €200K. Besides, if your investors are not in Spain, they are taxed in their country of residence under its tax treaties with Spain.
>>people don't speak English, many of them are proud of it
We are not French, we won't scold you for trying to speak English. While not everyone is fluent in rural areas, people will genuinely try their best to help you, even if it's through Google Translate.
>>scheduling anything with anybody is impossible, the concept of being on time doesn't exist
You're confusing social life with professional life. Yes, we might be 15 minutes late for a beer, but in a business context, being late is just as unprofessional here as it is in London or New York.
>>Bureaucracy is slow, full of paperwork, can't be done online, can't be done in English, the result depends on clerk's mood on a given day
Spanish bureaucracy is as slow as in anywhere else, but it is indeed digitized. You are required to file your tax forms (available in English btw) digitally, and you can register a business, get your SSN, etc., with a digital certificate from your computer. I've only had to show up in person once in the last five years to register my address after moving to a new city.
>>if someone comes to my house when I am away I can't kick them out, need to find another house and keep paying bills for the new occupa(s)nts
This is just rage bait. What you are describing, someone entering your primary home, is trespassing, a criminal offense. The police will have them evicted within 48 hours. The infamous "okupa" issue applies to properties that are clearly abandoned or second homes left empty for years, not your actual residence.
>>3% tax on my global wealth every year (in effect it's more like 4.5% because there is also significant capital gain tax)
This only affects multi-millionaires, and even then, your numbers are wrong. The national wealth tax only applies to net worth over €3M. The top rate of 3.5% is only for assets over €10.7M. And some regions like Madrid and Andalusia offer a 100% exemption from the regional tax.
>>60% tax on a semi-decent tech salary
False. The top income tax bracket is ~47% on earnings over €300K, which is far beyond a "semi-decent" salary here. More importantly, as a foreigner, you can use the "Beckham Law" to pay a flat tax of 24% on your first €600K of income for six years.
>>25%+ capital gain tax for my investors (if I find any)
You're cherry-picking the highest rate again. It's a progressive tax starting at 19%. It only exceeds 25% on gains over €200K. Besides, if your investors are not in Spain, they are taxed in their country of residence under its tax treaties with Spain.
>>people don't speak English, many of them are proud of it
We are not French, we won't scold you for trying to speak English. While not everyone is fluent in rural areas, people will genuinely try their best to help you, even if it's through Google Translate.
>>scheduling anything with anybody is impossible, the concept of being on time doesn't exist
You're confusing social life with professional life. Yes, we might be 15 minutes late for a beer, but in a business context, being late is just as unprofessional here as it is in London or New York.
>>Bureaucracy is slow, full of paperwork, can't be done online, can't be done in English, the result depends on clerk's mood on a given day
Spanish bureaucracy is as slow as in anywhere else, but it is indeed digitized. You are required to file your tax forms (available in English btw) digitally, and you can register a business, get your SSN, etc., with a digital certificate from your computer. I've only had to show up in person once in the last five years to register my address after moving to a new city.
>>if someone comes to my house when I am away I can't kick them out, need to find another house and keep paying bills for the new occupa(s)nts
This is just rage bait. What you are describing, someone entering your primary home, is trespassing, a criminal offense. The police will have them evicted within 48 hours. The infamous "okupa" issue applies to properties that are clearly abandoned or second homes left empty for years, not your actual residence.