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Complete guide 2026
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Tax Exile Guide for Crypto: Spain

Complete step-by-step procedure to transfer your tax residence to Spain. Crypto tax rate: 19-28%.

Overview

Crypto tax rate

19-28%

Crypto-friendly score

★★☆☆☆

Cost of living

Moderate

Banking ease

Easy

Regulation

Strict

Preparation time

2-4 months

Step 1: Preparation for Departure

A tax relocation to Spain requires 2-4 months of preparation. Here are the essential steps before leaving.

1

Check your passport validity (minimum 6 months)

2

Gather all financial documents (bank statements, crypto history)

3

Notify your tax authority of your planned departure

4

Obtain a NIE (foreigner identification number in Spain)

5

Take out international health insurance

6

Prepare to open a local bank account

Step 2: Exit Tax

Some countries apply an exit tax on unrealised capital gains. Check whether your country of origin is affected.

Spain applies an exit tax on latent capital gains exceeding 4,000,000 EUR (or holding >25% in a company worth >1M EUR). The tax is 19-28% depending on the amount.

⚠️ Warning: your country of origin may apply an exit tax. Consult a tax adviser.

Step 3: Visa & Residence

For all detailed information on visas and residence permits for Spain, visit our specialist partner.

View visa options for Spain

eVisa-Card.com — Your partner for visa procedures

Step 4: Banking & Finance

Opening a bank account in Spain is a crucial step. Here are the recommended banks and the procedure.

Recommended banks

  • 🏦 Santander
  • 🏦 BBVA
  • 🏦 CaixaBank
  • 🏦 Sabadell
  • 🏦 Openbank

Required documents

  • 📄 Valid passport
  • 📄 NIE certificate (foreigner identification number)
  • 📄 Proof of local address
  • 📄 Proof of regular income

Account opening time : 1-3 weeks

Santander, BBVA, CaixaBank and neo-banks (N26, Revolut) are available. Account opening requires a NIE (Numero de Identidad de Extranjero). Spanish banks are relatively open to international clients.

Step 5: Transferring Your Cryptocurrencies

Transferring your crypto assets to Spain requires compliance with local regulations. Here is the procedure.

Exchanges available in Spain

Bit2MeBitstampBinanceKraken

Regulator : CNMV (Comisión Nacional del Mercado de Valores)

Transfer steps

1.

Verify that your exchange is authorised in the destination country

2.

Check CNMV (National Securities Market Commission, Spain) compliance

3.

Transfer via an EU-regulated exchange (MiCA)

4.

File Modelo 720 (foreign assets > 50,000 EUR, Spain)

The CNMV and Banco de Espana regulate cryptocurrencies. Exchanges must be registered. The Modelo 721 requires declaring crypto held abroad if the value exceeds 50,000 EUR. The European MiCA framework applies.

Step 6: Settlement & Daily Life

Settling in Spain: what you need to know for your daily life.

Spain offers an excellent climate and renowned quality of life. Barcelona and Madrid are dynamic tech hubs. The cost of living is moderate outside major cities. The Beckham Law can be very advantageous for qualified new residents.

Step 7: Tax Compliance in Spain

Your tax obligations in Spain after settling.

Filing deadline

30 juin

Forms to complete

Modelo 100 (IRPF)

Modelo 720 (biens étrangers)

Modelo 721 (cryptos à l'étranger)

Obligations

Progressive taxation from 19% to 28% depending on brackets

Exit tax applicable if latent capital gains > 4,000,000 EUR

File an annual tax return

Declare all worldwide assets

Spain taxes crypto capital gains from 19% to 28% depending on brackets. The Beckham Law offers a flat rate of 24% for 6 years for new residents. The Modelo 100 (annual return) and Modelo 721 (crypto >50k EUR abroad) are mandatory.

Estimated monthly cost of living

Studio/1-bedroom rent600-1 200 EUR/month
Family rent (3 bedrooms)1 000-2 200 EUR/month
Utilities (water, electricity, internet)100-200 EUR/month
Food300-500 EUR/month
Transport50-100 EUR/month
Health insurance50-150 EUR/month
Estimated monthly budget1 100 - 4 400 EUR/month

Pros & Cons

Pros

  • Beckham Law available
  • EU member
  • Quality of life

Cons

  • High tax rate
  • Exit tax applicable
  • Modelo 720 obligation

Frequently Asked Questions

What is the Beckham Law in Spain?

The Beckham Law allows new residents to pay a flat rate of 24% on Spanish income (up to 600,000 EUR) for 6 years, instead of the progressive scale up to 47%.

How are crypto taxed in Spain?

Crypto capital gains are taxed from 19% (up to 6,000 EUR) to 28% (above 300,000 EUR). Crypto-to-crypto exchanges are taxable, unlike in France.

Do you need to declare crypto held abroad?

Yes, the Modelo 721 requires declaring cryptocurrencies held on foreign platforms if the total value exceeds 50,000 EUR as of 31 December.

Does the Spanish exit tax apply to crypto?

The exit tax applies if your latent capital gains exceed 4,000,000 EUR. It primarily targets company holdings but may apply to large crypto portfolios.

What is the cost of living in Barcelona?

Barcelona is moderately expensive: 1,800-4,000 EUR/month all-inclusive. An apartment costs 900-2,000 EUR/month. Valencia and Malaga are 30-40% cheaper.

⚠️ Disclaimer

This guide is provided for informational purposes only and does not constitute tax, legal, or financial advice. Laws and regulations change regularly. Consult a qualified professional before making any decision regarding tax relocation.

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