Beckham Law Spain Advisory: Reduce Your Income Tax to a Flat 24% Rate

Spain's Beckham Law allows qualified professionals relocating to Spain to pay a flat 24% tax on Spanish employment income up to €600,000, instead of progressive rates of 19-47%, valid for 6 years from the year you become tax resident. Beyond income tax, the regime also limits wealth tax exposure and removes certain reporting obligations, with qualifying applicants saving €50,000 to €200,000+ over six years.

Also included in the regime:

• Wealth tax applies only to assets held in Spain, not worldwide holdings
• No obligation to file Form 720 for foreign assets over €50,000

Not sure if you qualify? Beckham Law eligibility depends on your employment situation, tax residency history, and timing of your move. Read our full Beckham Law Spain requirements guide to check every condition before you apply.

The Beckham Law rewards precision and punishes small mistakes. A missed six-month deadline, an incompatible company structure, or a rejected document can mean losing a benefit worth tens of thousands of euros, permanently, with no second chance.

• Strict six-month application window, no extensions
• US LLCs and UK LLPs carry specific structuring risk that needs assessment before you apply
• Incomplete documentation can trigger additional scrutiny or rejection
• The regime can be revoked in later years through filing errors or structural changes, this isn't a one-time application, it's six years of compliance.