Spain’s healthcare system is among the best in the world. As an expat, you can benefit from both private and public healthcare. The public healthcaresystem is mostly free, except for some generic fees paid at the time of assistance.
The Spanish banking system is fully integrated with the international financial markets and is generally quite advanced. Spain has the greatest number of bank branches per capita in Europe. Not only that but banks in Spain also operate through telephone, online, and mobile banking, so accessing these services should be relatively easy.
Opening a bank account in Spain makes it easier to handle mundane formalities, such as paying utility bills, receiving a salary, and taking out loans.
If you live and work in Spain, you have to pay taxes on your income and assets. Tax rates in Spain vary according to your level of income and whether you are staying in the country as a resident or non-resident.
The tax system in Spainrelies on different types of taxes, the most significant ones being income tax, social security contributions, corporate taxes, and VAT (value added tax). Some of these may be taxed at a national level and others at both national and regional levels.
Education in Spain is free and compulsory for children between the ages of 6 and 16.
Preschool in Spain is not mandatoryand it corresponds to two cycles depending on your child’s age.
Both primary and secondary educationare mandatory and free in Spain. However, books and other supplies are not subsidized and should be paid for by each student.
Some of the best universities in Spain welcome both Spanish and international students. In fact, Spain is among the top destinations for foreign students worldwide. Higher education in Spain follows the traditional system of a bachelor’s degree, master’s degree, and Ph.D. or Doctorate. Some courses like Music, Plastic Arts, or Sports may follow a different education system. Bachelor’s degrees may last for three years or four years.
Spain is one of the most affordable countries in Western Europe, so you may find the average cost of living in Spain to be one of the major benefits of moving to the country.
|Consumer Prices||23% higher||33% higher||20% higher|
|Consumer Prices with rent||27% higher||44% higher||25% higher|
|Rent Prices||40% higher||72% higher||37% higher|
|Restaurant Prices||36% higher||32% higher||15% higher|
|Groceries Prices||20% higher||55% higher||44% higher|
|Local Purchasing Power||28% higher||50% higher||34% higher|
The cost of living in Spain varies. Overall national monthly salary is around 1,250 EUR, after taxes.
EU nationals are free to work and live in Spain without restrictions, but if you are a non-EU national you will need a work and residence visa to work in the country. You will need a job contract with a Spanish employer to obtain any of these documents.
To work in Spain as a foreigner, you must meet the following requirements:
In Spain, the annual payment is divided into 14 months: twelve months in a year, plus two extra months corresponding to a Christmas bonus in December, and a vacation bonus in July. In this section, we will provide a list of some of the most popular professions along with their average annual salary.
The current minimum wage is 900 EUR per month, which adds up to an annual gross salary of 12,600 EUR.
The average salary varies by profession and region, but in general workers in Spain receive a monthly 1,200 EUR net salary.
The average gross salary is just under 1,850 EUR a month, which adds up to 25,900 EUR per year.
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