Beckham Law: 24% flat tax for 6 years
The Beckham Law (Special Tax Regime for Inpatriates) allows eligible individuals moving to Spain to pay a flat 24% income tax rate on Spanish-sourced income up to €600,000 for their first six years. It applies to those who haven't been tax residents in Spain for the past five years and are employed by a non-Spanish entity. Dividends and capital gains are also taxed at a flat rate.