Spain’s authorities has formally raised the minimal wage, impacting monetary necessities for the Digital Nomad Visa (DNV) in 2025. Overseas nationals making use of for or renewing their DNV should now meet greater revenue thresholds.
On January 29, 2025, Spain’s Ministry of Labour reached an settlement with main commerce unions to extend the nation’s minimal wage (Salario Mínimo Interprofessional, SMI) by 4.4%. This adjustment raises the SMI by €50 monthly, bringing it to €1,184 throughout 14 annual funds, amounting to a complete of €16,576 gross per yr.
Revised Monetary Necessities for the Digital Nomad Visa
The DNV’s monetary necessities are instantly tied to Spain’s SMI. Because the SMI is usually quoted as 14 funds per yr, many foreigners should first convert it right into a 12-payment format for readability. Underneath this conversion:
- New SMI: €1,184 throughout 14 funds = €16,576 per yr
- Equal Month-to-month Earnings Throughout 12 Funds: €1,381.33 monthly
- Minimal Required Earnings for DNV (200% of the SMI): €2,762 monthly
At present change charges, this equates to roughly £2,310 monthly or $2,871 monthly.
Influence on DNV Candidates with Dependents
For candidates searching for a DNV for themselves and their relations, extra revenue is required:
- For a accomplice: An extra 75% of SMI (€1,035.99), bringing the overall required revenue for a pair to €3,798 monthly.
- For every extra dependent (e.g., youngsters): An additional 25% of SMI (€345.33 per baby).
For instance:
- Applicant + Accomplice + One Youngster: €4,144 monthly
- Applicant + Accomplice + Two Youngsters: €4,489 monthly
Gross Earnings Requirement
It is very important be aware that these figures signify gross revenue (referred to as bruto in Spanish), earlier than taxes and deductions.
Implementation Timeline
Spain’s Minister of Labour, Yolanda Díaz, has said that this wage improve shall be formally authorised by the Spanish Cupboard within the close to future. As soon as enacted, the Unidad de Grandes Empresas y Colectivos Estratégicos (UGE), the company liable for processing Digital Nomad Visas, is anticipated to regulate the monetary necessities accordingly.
Potential candidates are suggested to make sure they meet the up to date revenue thresholds to stay eligible for Spain’s Digital Nomad Visa in 2025.
