WORKING IN SPAIN 🇪🇸 Better to be an Employee or Self-Employed (Autónomo)?
2.2 هزار بار بازدید -
2 سال پیش
-
Moving to Spain? Deciding between
Moving to Spain? Deciding between working for a company and self employment? In this video I break down the main advantages and disadvantages of both types of work in Spain.
When you work for a company you can expect stability and a regular paycheck at the end of the month (normally 14 pays per year). Generally social benefits in Spain are good as well, with a generous holiday allowance per year. Having a permanent contract also makes it much easier to apply for (and be granted) various forms of credit, such as a mortgage.
It can however be difficult to find the right opportunity and also a permanent contract, due to how common it is for temporary contracts to be offered in many cases. Spain also has one of the highest rates of unemployment in the European Union.
Self-employed workers of course have unlimited earning potential and can manage their own schedule as they please, and it may be an option for people looking to move to Spain. Non-EU citizens will soon be able to apply for the Digital Nomad Visa, or can go down the traditional route by presenting a business plan. Autónomos are able to deduct business expenses to reduce their tax burden, and also access certain forms of financial assistance (e.g. The Kit Digital from the EU Next Generation Funds).
However, being self-employed in Spain is very challenging. Autónomos generally have less protection and visibility compared to employees and civil servants ("funcionarios"). They also need to stay on top of their finances as they must make quarterly declarations to the tax autorities (Agencia Tributaria a.k.a. Hacienda), and must pay social security every month, which makes being self-employed very expense from a cost perspective.
💸
Mentioned in this video:
Declarando, online tax support for autónomos: https://declarando.es?deal=millennialswm
Current Autónomo Tariffs (Spanish Article): https://www.infoautonomos.com/segurid...
Updated Autónomo Tariffs (Spanish Article): https://www.billin.net/blog/cuotas-au...
Cost of living vs income comparison by country: https://www.worlddata.info/cost-of-li...
💸
Chapters:
0:00 - Intro
1:16 - Stability of being an employee
1:57 - Social benefits
2:27 - Access to credit
2:48 - Challenges finding opportunities
3:30 - Temporary Contracts
4:12 - Average Salaries
4:42 - Freedom of self-employment
4:56 - Tax deductions
5:27 - Grants and Financial Support
5:59 - Who can be an autónomo?
6:42 - Taxes and Accounting
7:33 - Lack of protection
8:33 - Social Security
10:15 - Which one is better for you?
💸
Check out my Digital Store Products:
🔹 Net Worth Tracker here: https://www.etsy.com/listing/12121694...
💸
Follow me on social media:
🔹 Instagram: Instagram: millennialswithmoney_
🔹 TikTok: TikTok: millennialswithmoney
🔹 Facebook: Facebook: millennialswithmoney
🔹 Twitter: Twitter: millennials_wm
🔹 Website: https://www.millennials-with-money.com
💸
Products and Services I use (Affiliate Links)
🔹 MNYMSTRS, a free financial education app: https://mnymstr.page.link/jonny
🔹 DEGIRO Low commission investing: https://www.degiro.com/?tap_a=56340-8...
🔹 Wise - A cheaper, faster way to send money abroad: https://wise.prf.hn/l/708eRo8
🔹 Vivid Money, Multi Currency Digital Banking, Investing and Cashback: https://vivid.money/r/jonathanKNL?lt=...
🔹 Trading 212, free share worth up to £100/€100 (open account and deposit €1/£1 on the platform): http://www.trading212.com/invite/GIXJ...
🔹 American Express Share With Friends Programme: http://www.amex.es/amigos/jONATMsXgB?...
🔹 Iberia Cards: https://www.iberiacards.com/mgm/regis...
💸
About me:
Welcome to Millennials With Money!
My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.
I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.
I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.
Everybody is welcome in the Millennials With Money community! Let's get this money!!!
💸
Music by Epidemic Sounds: https://share.epidemicsound.com/o6n1px
💸
#spain
#autónomos
#workabroad
💸
DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.
When you work for a company you can expect stability and a regular paycheck at the end of the month (normally 14 pays per year). Generally social benefits in Spain are good as well, with a generous holiday allowance per year. Having a permanent contract also makes it much easier to apply for (and be granted) various forms of credit, such as a mortgage.
It can however be difficult to find the right opportunity and also a permanent contract, due to how common it is for temporary contracts to be offered in many cases. Spain also has one of the highest rates of unemployment in the European Union.
Self-employed workers of course have unlimited earning potential and can manage their own schedule as they please, and it may be an option for people looking to move to Spain. Non-EU citizens will soon be able to apply for the Digital Nomad Visa, or can go down the traditional route by presenting a business plan. Autónomos are able to deduct business expenses to reduce their tax burden, and also access certain forms of financial assistance (e.g. The Kit Digital from the EU Next Generation Funds).
However, being self-employed in Spain is very challenging. Autónomos generally have less protection and visibility compared to employees and civil servants ("funcionarios"). They also need to stay on top of their finances as they must make quarterly declarations to the tax autorities (Agencia Tributaria a.k.a. Hacienda), and must pay social security every month, which makes being self-employed very expense from a cost perspective.
💸
Mentioned in this video:
Declarando, online tax support for autónomos: https://declarando.es?deal=millennialswm
Current Autónomo Tariffs (Spanish Article): https://www.infoautonomos.com/segurid...
Updated Autónomo Tariffs (Spanish Article): https://www.billin.net/blog/cuotas-au...
Cost of living vs income comparison by country: https://www.worlddata.info/cost-of-li...
💸
Chapters:
0:00 - Intro
1:16 - Stability of being an employee
1:57 - Social benefits
2:27 - Access to credit
2:48 - Challenges finding opportunities
3:30 - Temporary Contracts
4:12 - Average Salaries
4:42 - Freedom of self-employment
4:56 - Tax deductions
5:27 - Grants and Financial Support
5:59 - Who can be an autónomo?
6:42 - Taxes and Accounting
7:33 - Lack of protection
8:33 - Social Security
10:15 - Which one is better for you?
💸
Check out my Digital Store Products:
🔹 Net Worth Tracker here: https://www.etsy.com/listing/12121694...
💸
Follow me on social media:
🔹 Instagram: Instagram: millennialswithmoney_
🔹 TikTok: TikTok: millennialswithmoney
🔹 Facebook: Facebook: millennialswithmoney
🔹 Twitter: Twitter: millennials_wm
🔹 Website: https://www.millennials-with-money.com
💸
Products and Services I use (Affiliate Links)
🔹 MNYMSTRS, a free financial education app: https://mnymstr.page.link/jonny
🔹 DEGIRO Low commission investing: https://www.degiro.com/?tap_a=56340-8...
🔹 Wise - A cheaper, faster way to send money abroad: https://wise.prf.hn/l/708eRo8
🔹 Vivid Money, Multi Currency Digital Banking, Investing and Cashback: https://vivid.money/r/jonathanKNL?lt=...
🔹 Trading 212, free share worth up to £100/€100 (open account and deposit €1/£1 on the platform): http://www.trading212.com/invite/GIXJ...
🔹 American Express Share With Friends Programme: http://www.amex.es/amigos/jONATMsXgB?...
🔹 Iberia Cards: https://www.iberiacards.com/mgm/regis...
💸
About me:
Welcome to Millennials With Money!
My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.
I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.
I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.
Everybody is welcome in the Millennials With Money community! Let's get this money!!!
💸
Music by Epidemic Sounds: https://share.epidemicsound.com/o6n1px
💸
#spain
#autónomos
#workabroad
💸
DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.
2 سال پیش
در تاریخ 1401/07/27 منتشر شده
است.
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