Beckham Law in Las Palmas: the special impatriate regime for international professionals in Gran Canaria

Gran Canaria and Las Palmas de Gran Canaria have become one of the most attractive relocation destinations in Europe for international professionals, remote workers and entrepreneurs: exceptional climate, moderate cost of living, first-class digital infrastructure and strong international connectivity from Gran Canaria Airport. Yet many of the professionals who settle on the island are unaware that they can access the special impatriate regime, the Beckham Law (Ley Beckham), and be taxed at a flat 24% rate instead of the progressive IRPF scale, which can reach 47%. Others know about the regime but make a frequent mistake: they conflate the Beckham Law, which is a national personal income tax regime, with the Canary Islands fiscal incentives designed for companies (the Zona Especial Canaria with a 4% IS rate, the Reserva para Inversiones en Canarias, or the Regimen Economico y Fiscal de Canarias as a whole). These are distinct regimes applying to distinct subjects: the Beckham Law operates on the individual income of the impatriate, while the ZEC and the REF operate on the taxation of the company. Failing to understand this distinction can lead to structuring the relocation incorrectly or to missing the absolute six-month deadline for applying for the personal regime. The result is that many new residents in Gran Canaria pay significantly more IRPF than they should, or fail to make use of the complementary structures available within the Canary Islands fiscal framework.

Since 2010 · 16 years Tax agent AEAT

Pick a slot in the specialist's calendar.

Tell us when to call and a partner will contact you in your chosen window.

Write to us and we'll reply within 24 business hours.

Data processed in the EU · GDPR · No commitment

Why BM Consulting

Specialised advice and personal service

BMC advises international professionals settling in Las Palmas and Gran Canaria on the applicability of the Beckham Law (article 93 LIRPF, as reformed by Ley 28/2022 de Startups), the application process with the AEAT, the interaction with the Regimen Economico y Fiscal de Canarias, and the annual management of returns during the period of validity of the regime. We assess on a case-by-case basis whether the special impatriate regime is more advantageous than the general IRPF, identify the income excluded from the Spanish taxable base, and ensure that the application is submitted within the statutory deadline with all required documentation. For entrepreneurs or those operating through a company, we also analyse compatibility with Canary Islands incentives, including the ZEC, the RIC and the REF, without conflating the personal and corporate dimensions.

  • The Beckham Law is a personal income tax regime (art. 93 LIRPF)

    flat rate of 24% up to 600,000 euros, for 6 years (year of relocation + 5 following years).

  • Eligible categories

    seconded workers, remote workers for a foreign employer, freelancers with overseas clients, entrepreneurs and administrators of Spanish companies without a controlling interest.

  • The ZEC (4% IS) and the Canary Islands REF are corporate regimes, complementary to the Beckham Law but not substitutes for the personal income tax.

  • The Canary Islands apply the IGIC (standard rate 7%) instead of VAT, a fiscal particularity that BMC manages alongside the annual impatriate return.

How we work

From first contact to case completion

  1. Eligibility assessment and interaction with Canary Islands taxation

    We analyse whether you meet the requirements of the Beckham Law as reformed by Ley 28/2022 de Startups: not having been resident in Spain during the five years prior to the relocation, and belonging to one of the eligible categories (worker seconded by a Spanish or foreign employer, remote worker for a foreign company, entrepreneur, administrator of a Spanish company without a controlling interest, or highly qualified professional in an R&D entity or startup). At the same time, we explain clearly how the Beckham Law, as a national personal income tax regime, relates to the Canary Islands fiscal incentives: the ZEC (4% IS rate for eligible companies), the RIC (Reserva para Inversiones en Canarias) and the REF, which are corporate regimes that are distinct from and complementary to the personal income regime, not substitutes for it. We indicate the estimated taxable base under the special regime compared to the general Canary Islands IRPF.

  2. Coordination of the tax exit from the country of origin

    Before formalising the relocation to Gran Canaria, we coordinate with advisers in the country of origin where necessary to manage the tax exit: deregistration from the taxpayer roll of the country of origin, any exit tax on holdings in companies, treatment of existing assets under the applicable double tax treaty (Spain has treaties with more than 90 countries), and the optimal relocation timeline to minimise the fiscal impact in both jurisdictions. The Canary Islands, despite being Spanish territory, are not included in the EU customs territory for VAT purposes, so we also explain the transition to the IGIC for those coming from other European countries.

  3. Application to the AEAT, Modelo 149

    We prepare and submit the application for the special impatriate regime to the Tax Agency within the six months following registration with the Spanish Social Security system or on the AEAT census (Modelo 149). This deadline is absolute and admits no exceptions. We manage all communication with the AEAT until the favourable resolution is obtained and advise on the practical effects of the regime from the date of application, including the applicable withholding rate to be applied by the payer on employment income.

  4. Annual management with Canary Islands tax expertise

    During the up to six years of validity of the regime (year of relocation plus the five following years), we file the annual non-resident return as an impatriate (Modelo 151), manage the Canary Islands fiscal particularities, including the IGIC in place of VAT and census obligations with the Agencia Tributaria Canaria where applicable, and advise on any change of circumstances that may affect the validity or suitability of the regime compared to the general IRPF. For clients with a company in the Canary Islands, we also coordinate the corporate income tax obligations with the applicable REF benefits.

Self-check · 45 seconds

Do you need this service?

Answer three questions and we'll show you the most relevant service for your case.

Do you currently reside in Spain?
Do you have assets or income in another country?
Have you received or are you expecting an inheritance?
Are you considering setting up a company?
Answer to see your recommended services.

The problem

Gran Canaria and Las Palmas de Gran Canaria have become one of the most attractive relocation destinations in Europe for international professionals, remote workers and entrepreneurs: exceptional climate, moderate cost of living, first-class digital infrastructure and strong international connectivity from Gran Canaria Airport. Yet many of the professionals who settle on the island are unaware that they can access the special impatriate regime, the Beckham Law (Ley Beckham), and be taxed at a flat 24% rate instead of the progressive IRPF scale, which can reach 47%. Others know about the regime but make a frequent mistake: they conflate the Beckham Law, which is a national personal income tax regime, with the Canary Islands fiscal incentives designed for companies (the Zona Especial Canaria with a 4% IS rate, the Reserva para Inversiones en Canarias, or the Regimen Economico y Fiscal de Canarias as a whole). These are distinct regimes applying to distinct subjects: the Beckham Law operates on the individual income of the impatriate, while the ZEC and the REF operate on the taxation of the company. Failing to understand this distinction can lead to structuring the relocation incorrectly or to missing the absolute six-month deadline for applying for the personal regime. The result is that many new residents in Gran Canaria pay significantly more IRPF than they should, or fail to make use of the complementary structures available within the Canary Islands fiscal framework.

Our solution

BMC advises international professionals settling in Las Palmas and Gran Canaria on the applicability of the Beckham Law (article 93 LIRPF, as reformed by Ley 28/2022 de Startups), the application process with the AEAT, the interaction with the Regimen Economico y Fiscal de Canarias, and the annual management of returns during the period of validity of the regime. We assess on a case-by-case basis whether the special impatriate regime is more advantageous than the general IRPF, identify the income excluded from the Spanish taxable base, and ensure that the application is submitted within the statutory deadline with all required documentation. For entrepreneurs or those operating through a company, we also analyse compatibility with Canary Islands incentives, including the ZEC, the RIC and the REF, without conflating the personal and corporate dimensions.

Process

How we do it

1

Eligibility assessment and interaction with Canary Islands taxation

We analyse whether you meet the requirements of the Beckham Law as reformed by Ley 28/2022 de Startups: not having been resident in Spain during the five years prior to the relocation, and belonging to one of the eligible categories (worker seconded by a Spanish or foreign employer, remote worker for a foreign company, entrepreneur, administrator of a Spanish company without a controlling interest, or highly qualified professional in an R&D entity or startup). At the same time, we explain clearly how the Beckham Law, as a national personal income tax regime, relates to the Canary Islands fiscal incentives: the ZEC (4% IS rate for eligible companies), the RIC (Reserva para Inversiones en Canarias) and the REF, which are corporate regimes that are distinct from and complementary to the personal income regime, not substitutes for it. We indicate the estimated taxable base under the special regime compared to the general Canary Islands IRPF.

2

Coordination of the tax exit from the country of origin

Before formalising the relocation to Gran Canaria, we coordinate with advisers in the country of origin where necessary to manage the tax exit: deregistration from the taxpayer roll of the country of origin, any exit tax on holdings in companies, treatment of existing assets under the applicable double tax treaty (Spain has treaties with more than 90 countries), and the optimal relocation timeline to minimise the fiscal impact in both jurisdictions. The Canary Islands, despite being Spanish territory, are not included in the EU customs territory for VAT purposes, so we also explain the transition to the IGIC for those coming from other European countries.

3

Application to the AEAT, Modelo 149

We prepare and submit the application for the special impatriate regime to the Tax Agency within the six months following registration with the Spanish Social Security system or on the AEAT census (Modelo 149). This deadline is absolute and admits no exceptions. We manage all communication with the AEAT until the favourable resolution is obtained and advise on the practical effects of the regime from the date of application, including the applicable withholding rate to be applied by the payer on employment income.

4

Annual management with Canary Islands tax expertise

During the up to six years of validity of the regime (year of relocation plus the five following years), we file the annual non-resident return as an impatriate (Modelo 151), manage the Canary Islands fiscal particularities, including the IGIC in place of VAT and census obligations with the Agencia Tributaria Canaria where applicable, and advise on any change of circumstances that may affect the validity or suitability of the regime compared to the general IRPF. For clients with a company in the Canary Islands, we also coordinate the corporate income tax obligations with the applicable REF benefits.

24%
Beckham Law flat rate on income up to 600,000 euros (IRPF)
6 years (year of relocation + 5 following)
Maximum duration of the special impatriate regime
6 months
Absolute deadline for applying for the regime from registration

I relocated to Las Palmas from Amsterdam to work remotely for my Dutch employer. BMC assessed my situation, managed the tax exit in the Netherlands and submitted Modelo 149 within the deadline. They explained very clearly the difference between the Beckham Law for my personal IRPF and the ZEC, which did not apply to me as I was not operating through a company. In the first year I saved over 25,000 euros compared to the general Canary Islands IRPF. An impeccable service, with no surprises.

Pieter van der Berg Senior Product Manager, Technology scale-up, Amsterdam / Las Palmas

Beckham Law in Las Palmas: the special impatriate regime in Gran Canaria

Las Palmas de Gran Canaria has consolidated its position as one of the most popular destinations for international professionals and highly paid remote workers seeking to establish themselves in Europe with an exceptional quality of life and a favourable fiscal environment. The special impatriate regime known as the Beckham Law (Ley Beckham) allows these professionals to be taxed at a flat 24% rate on their Spanish-source income for up to six years, compared to the progressive IRPF rates that can reach 47%.

BMC has advisers with specific expertise in Canary Islands tax law and in coordinating the Beckham Law with the Régimen Económico y Fiscal de Canarias (REF), to provide the most comprehensive and precise service to professionals and entrepreneurs relocating to Gran Canaria.

Who can benefit from the Beckham Law in Las Palmas

  • Remote workers: Professionals who maintain their employment relationship with a foreign employer and transfer their residence to Las Palmas, the most common profile among northern and central European nationals who choose the Canary Islands.
  • Displaced workers: Professionals hired by a Spanish company or seconded by a foreign company within the same group.
  • Entrepreneurs: Founders of startups or innovative companies establishing themselves in Gran Canaria, particularly in combination with Canary Islands incentives.
  • Freelancers with international activity: Professionals who provide services primarily to clients outside Spain.
  • Administrators of Spanish companies: Individuals holding a directorship in a Spanish company, provided the holding does not give control of the entity.
  • Highly qualified professionals: In innovation, R&D or certified startup entities.

Beckham Law and Canary Islands taxation: what each regime covers

One of the most frequent misunderstandings among professionals relocating to Gran Canaria is conflating the Beckham Law with the fiscal incentives of the Régimen Económico y Fiscal (REF) de Canarias. These are distinct instruments:

RegimeSubjectTaxRate
Beckham LawThe individualPersonal IRPF24% flat
ZECThe companyCorporate Tax (IS)4% IS
RICThe companyIS (investment deduction)Variable

For the remote worker or employee relocating to Las Palmas, the Beckham Law is the primary instrument. For those who also operate through a company with qualifying international activity, the Zona Especial Canaria (ZEC) can reduce the corporate tax rate to 4% IS, as a complement rather than a substitute.

The IGIC: the Canary Islands fiscal particularity for impatriates

The Canary Islands apply the Impuesto General Indirecto Canario (IGIC) in place of VAT. The standard IGIC rate is 7%, compared to the 21% VAT rate on the mainland. For the self-employed professional or entrepreneur establishing in Las Palmas, this means charging IGIC (not VAT) on invoices to Canary Islands clients and maintaining accounting adapted to the Canary Islands fiscal framework.

The Beckham Law, which operates on the personal IRPF, is entirely unaffected by the IGIC. They are distinct taxes that BMC manages in an integrated way: the annual impatriate return (Modelo 151) is coordinated with IGIC obligations for complete and seamless compliance.

The six-month window: a deadline that admits no extension

The deadline for applying for the special impatriate regime is six months from the date of registration with the Spanish Social Security system or on the AEAT census. There is no extension or second opportunity: if this deadline is missed, the possibility of accessing the regime is permanently closed for that period of residence. Many new residents in Las Palmas only discover the regime after the deadline has already passed, costing them tens of thousands of euros in additional tax over the six years.

Contacting BMC from the very first moment of relocation is the only guarantee of not losing this entitlement.

The application process: Modelo 149 and documentation

The application for the special regime is filed with the AEAT using Modelo 149, within the absolute six-month deadline from registration with Social Security or on the AEAT census. The documentation required varies by profile:

For remote workers: employment contract or agreement with a foreign employer, documentation evidencing that the activity is carried out remotely using telematic means, and a digital nomad visa if the professional holds that status.

For employees seconded by a company: a copy of the employment contract with a Spanish company or documentation evidencing secondment by the foreign employer, and a certificate of commencement of Social Security contributions.

For freelancers with international activity: documentation evidencing the economic activity and confirming that the majority of services are provided to clients or employers outside Spain.

For administrators of Spanish companies: deed of appointment or documentation evidencing the position, and evidence that the holding does not give control of the entity.

BMC manages the entire process: preparation of documentation, submission of Modelo 149, monitoring of the file and communication with the AEAT until the favourable resolution is obtained.

Wealth Tax in the Canary Islands under the Beckham Law

The Canary Islands apply the national Wealth Tax scale, which ranges from 0.25% to 3.12%, without the 100% autonomous community rebate enjoyed by Madrid and Andalusia. Under the Beckham Law, the taxpayer is only taxed on assets located in Spain, not on worldwide assets, an advantage for those who maintain their wealth outside Spain.

The Impuesto de Solidaridad sobre las Grandes Fortunas (ITSGF) (Solidarity Wealth Surcharge) operates as a national floor when the regional rebate on the Wealth Tax is total; in the Canary Islands, as there is no such full rebate, the ITSGF operates as an effective floor on net Spanish assets exceeding 3 million euros. BMC analyses exposure to the Wealth Tax and the ITSGF before the start of the Beckham period to plan the asset structure correctly.

How much does a professional save under the Beckham Law in Las Palmas?

For a professional with income of 150,000 euros per year relocating to Las Palmas:

  • Under the general IRPF in the Canary Islands: the tax burden is approximately 55,000 to 58,000 euros (effective rate of 36 to 39%).
  • Under the Beckham Law: the flat 24% rate produces a tax charge of 36,000 euros.

The annual saving is approximately 19,000 to 22,000 euros, accumulating more than 95,000 to 110,000 euros over the six years of the regime.

For higher incomes, the saving is amplified when compared with the marginal rates of 45 to 47% under the general IRPF. See our complete guide to the Beckham Law or understand how much the application costs.

BMC service for Las Palmas and Gran Canaria

BMC provides the Beckham Law service for professionals in Las Palmas in both remote and in-person formats: initial consultation by video call, digital documentation and electronic filing with the AEAT. There is no need to visit any office to begin the process.

BMC has a presence in Las Palmas. Learn about our Las Palmas office.

What comes next

Employment contract for assigneesReview and optimise your employment contract before arrival: expatriation clauses, benefits in kind, and Beckham Law protection.Residence permit renewalManage your Spanish residence authorisation renewal and coordinate procedures with the special tax regime.RSUs and stock options: tax treatmentCorrectly report share options and equity access plans received as an assignee under the Beckham Law.
FAQ

Frequently asked questions

The Beckham Law (Ley Beckham) is the common name for the special tax regime for impatriates under article 93 of the LIRPF, as reformed by Ley 28/2022 de Startups. It allows taxpayers to be taxed at a flat 24% rate on Spanish-source income up to 600,000 euros (47% above that), for a maximum of six years, being the year of relocation plus the five following years, without including worldwide income in the Spanish taxable base. Eligible categories include: workers seconded to Spain by a Spanish or foreign employer, administrators of Spanish companies without a controlling interest, entrepreneurs, remote workers for a foreign employer, and highly qualified professionals in R&D entities or certified startups. The common requirement is not having been resident in Spain during the five years prior to the relocation. The regime applies across the whole of Spanish territory, including Las Palmas de Gran Canaria and the Canary Islands.
These are distinct regimes operating at different levels that are in many cases complementary. The Beckham Law is a national personal income tax regime: it taxes the individual at a flat 24%. The Zona Especial Canaria (ZEC) is a corporate income tax regime for the company: it reduces the IS of an eligible company to 4% on its special taxable base. The Regimen Economico y Fiscal de Canarias (REF), which includes the Reserva para Inversiones en Canarias (RIC), also operates at the corporate level. For a professional relocating to Las Palmas as an employee or remote worker, the Beckham Law is the instrument for optimising personal income tax. If they also operate through a company with qualifying international activity, the ZEC can be used to reduce corporate taxation to 4% IS, as a complement rather than a substitute. BMC designs the correct structure before the relocation.
Yes, since the reform introduced by Ley 28/2022 de Startups. Remote workers who carry out their activity at a distance for a company or employer abroad can access the special impatriate regime, provided they have not been resident in Spain during the five years prior to the relocation. Las Palmas de Gran Canaria has gained significant traction as a relocation destination for highly paid remote workers from northern Europe, the Netherlands, Germany, the United Kingdom and the Nordic countries. The combination of the Beckham Law with the Canary Islands climate, the connectivity of the international airport and the lower cost of living compared to the main European capitals makes Gran Canaria an exceptionally attractive destination for this profile.
No. During the period of application of the special impatriate regime, the taxpayer is not required to file Modelo 720 (the information return on assets and rights held abroad) or Modelo 721 (overseas crypto-assets). This is a significant additional benefit for professionals with substantial assets outside Spain, and is one of the features that distinguishes the Beckham Law from the ordinary IRPF regime, under which the obligation to declare overseas assets exceeding 50,000 euros does apply.
The IGIC (Impuesto General Indirecto Canario) replaces VAT in the Canary Islands. The standard IGIC rate is 7%, compared to 21% VAT on the mainland. For the self-employed professional or entrepreneur settling in Las Palmas, this means charging IGIC (not VAT) on invoices to Canary Islands clients and maintaining accounting adapted to the Canary Islands fiscal framework. The Beckham Law, which operates on the personal IRPF, is entirely unaffected by the IGIC. They are distinct taxes that BMC manages in an integrated way: the annual impatriate return (Modelo 151) is coordinated with IGIC obligations for complete and seamless compliance.
The Canary Islands apply the national Wealth Tax scale, ranging from 0.25% to 3.12% on net assets in Spain. Under the Beckham Law, the taxpayer is only taxed on assets located in Spain, not on worldwide assets, which limits exposure for those who maintain their wealth outside Spain. The Canary Islands do not offer the 100% autonomous community rebate on the Wealth Tax that is available in Madrid and Andalusia. The Impuesto de Solidaridad sobre las Grandes Fortunas (ITSGF) may apply additionally if the net assets in Spain exceed 3 million euros. BMC analyses exposure to the Wealth Tax and the ITSGF before the start of the Beckham period to plan the asset structure correctly.
Yes, provided the activity can be characterised as an economic activity carried out primarily for clients or employers outside Spain. Since the reform under Ley 28/2022 de Startups, self-employed professionals with international activity can access the regime. The key is to document correctly that the activity is performed for clients outside Spain and that there has been no residence in Spain during the five preceding years. BMC assesses the freelancer's specific situation and advises on how to structure the application so that it is robust in the event of a verification by the AEAT, taking into account the IGIC particularities in the Canary Islands.
For a professional with income of 120,000 euros per year, the difference between being taxed under the general Canary Islands IRPF and under the Beckham Law is very significant. Under the general IRPF in the Canary Islands, the combined national and regional tax charge on 120,000 euros is approximately 42,000 to 45,000 euros (effective rate of 35 to 37.5%). Under the Beckham Law, the flat 24% rate produces a tax charge of 28,800 euros. The annual saving is approximately 13,000 to 16,000 euros, accumulating more than 65,000 to 80,000 euros over the six years of the regime. For higher incomes, the saving is amplified when compared with the marginal rates of 45 to 47% that the general IRPF applies at the upper brackets.

Related services

Beckham Law Spain Complete Guide 2026 Beckham Law Application Cost
View all services in this area

Speak with a specialist

Complimentary first call. No commitment. Response within 1 hour during office hours.

Free first consultation 30 minutes with a specialist in your area
Fixed quote before we start No surprises, no success fees
Registered tax agent Electronic filing of all tax returns

4.8/5 · Data processed in the EU · GDPR · No commitment

Frequently asked questions

Questions about Beckham Law in Las Palmas 2026: 24% IRPF for 6 Years in Gran Canaria

The Beckham Law (Ley Beckham) is the common name for the special tax regime for impatriates under article 93 of the LIRPF, as reformed by Ley 28/2022 de Startups. It allows taxpayers to be taxed at a flat 24% rate on Spanish-source income up to 600,000 euros (47% above that), for a maximum of six years, being the year of relocation plus the five following years, without including worldwide income in the Spanish taxable base. Eligible categories include: workers seconded to Spain by a Spanish or foreign employer, administrators of Spanish companies without a controlling interest, entrepreneurs, remote workers for a foreign employer, and highly qualified professionals in R&D entities or certified startups. The common requirement is not having been resident in Spain during the five years prior to the relocation. The regime applies across the whole of Spanish territory, including Las Palmas de Gran Canaria and the Canary Islands.
These are distinct regimes operating at different levels that are in many cases complementary. The Beckham Law is a national personal income tax regime: it taxes the individual at a flat 24%. The Zona Especial Canaria (ZEC) is a corporate income tax regime for the company: it reduces the IS of an eligible company to 4% on its special taxable base. The Regimen Economico y Fiscal de Canarias (REF), which includes the Reserva para Inversiones en Canarias (RIC), also operates at the corporate level. For a professional relocating to Las Palmas as an employee or remote worker, the Beckham Law is the instrument for optimising personal income tax. If they also operate through a company with qualifying international activity, the ZEC can be used to reduce corporate taxation to 4% IS, as a complement rather than a substitute. BMC designs the correct structure before the relocation.
Yes, since the reform introduced by Ley 28/2022 de Startups. Remote workers who carry out their activity at a distance for a company or employer abroad can access the special impatriate regime, provided they have not been resident in Spain during the five years prior to the relocation. Las Palmas de Gran Canaria has gained significant traction as a relocation destination for highly paid remote workers from northern Europe, the Netherlands, Germany, the United Kingdom and the Nordic countries. The combination of the Beckham Law with the Canary Islands climate, the connectivity of the international airport and the lower cost of living compared to the main European capitals makes Gran Canaria an exceptionally attractive destination for this profile.
No. During the period of application of the special impatriate regime, the taxpayer is not required to file Modelo 720 (the information return on assets and rights held abroad) or Modelo 721 (overseas crypto-assets). This is a significant additional benefit for professionals with substantial assets outside Spain, and is one of the features that distinguishes the Beckham Law from the ordinary IRPF regime, under which the obligation to declare overseas assets exceeding 50,000 euros does apply.
The IGIC (Impuesto General Indirecto Canario) replaces VAT in the Canary Islands. The standard IGIC rate is 7%, compared to 21% VAT on the mainland. For the self-employed professional or entrepreneur settling in Las Palmas, this means charging IGIC (not VAT) on invoices to Canary Islands clients and maintaining accounting adapted to the Canary Islands fiscal framework. The Beckham Law, which operates on the personal IRPF, is entirely unaffected by the IGIC. They are distinct taxes that BMC manages in an integrated way: the annual impatriate return (Modelo 151) is coordinated with IGIC obligations for complete and seamless compliance.
The Canary Islands apply the national Wealth Tax scale, ranging from 0.25% to 3.12% on net assets in Spain. Under the Beckham Law, the taxpayer is only taxed on assets located in Spain, not on worldwide assets, which limits exposure for those who maintain their wealth outside Spain. The Canary Islands do not offer the 100% autonomous community rebate on the Wealth Tax that is available in Madrid and Andalusia. The Impuesto de Solidaridad sobre las Grandes Fortunas (ITSGF) may apply additionally if the net assets in Spain exceed 3 million euros. BMC analyses exposure to the Wealth Tax and the ITSGF before the start of the Beckham period to plan the asset structure correctly.
Yes, provided the activity can be characterised as an economic activity carried out primarily for clients or employers outside Spain. Since the reform under Ley 28/2022 de Startups, self-employed professionals with international activity can access the regime. The key is to document correctly that the activity is performed for clients outside Spain and that there has been no residence in Spain during the five preceding years. BMC assesses the freelancer's specific situation and advises on how to structure the application so that it is robust in the event of a verification by the AEAT, taking into account the IGIC particularities in the Canary Islands.
For a professional with income of 120,000 euros per year, the difference between being taxed under the general Canary Islands IRPF and under the Beckham Law is very significant. Under the general IRPF in the Canary Islands, the combined national and regional tax charge on 120,000 euros is approximately 42,000 to 45,000 euros (effective rate of 35 to 37.5%). Under the Beckham Law, the flat 24% rate produces a tax charge of 28,800 euros. The annual saving is approximately 13,000 to 16,000 euros, accumulating more than 65,000 to 80,000 euros over the six years of the regime. For higher incomes, the saving is amplified when compared with the marginal rates of 45 to 47% that the general IRPF applies at the upper brackets.
Key concepts

Related terms

Beckham Law

The Beckham Law is the colloquial name for Spain's special tax regime for inbound workers…

Read definition
Email
Contact