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Primark grows its empire in Spain with 8 new stores and 1,000 jobs

Irish fast fashion retailer Primark has announced it will invest €100 million into its stores in Spain, opening 8 shops in new locations and creating 1,000 jobs in the process.

primark spain
Primark opened its first store in Madrid in 2006 and currently has 56 stores in 42 cities across the country. Photo: Oli SCARFF / AFP

The popular low-cost clothes chain has said they will open eight new stores over the next two years in Spain, as well as refurbishing its existing ones. 

Up to €80 million will be spent on opening the new shops, while the remaining €20 million will go towards upgrades and improvements in other stores.

Spain is already Primark’s second largest market after the UK.

The ambitious plans will also create 1,000 new jobs, bolstering the local economy and bringing Primark’s total workforce within Spain to 10,000.

The company owned by Associated British Foods (ABF.L) has said that it will open its first store on the Canary island of Lanzarote as well as its first in the Spanish enclave of Melilla and one in Toledo.

There are also plans to open new stores in Lorca and Jaén over the next two years, as well as three more in the region of Madrid.

Madrid is already home to eight Primark stores including the retailer’s flagship 12,400-square-metre store located on the emblematic Gran Vía, next to Primark’s Spanish headquarters.

The Primark store in Diagonal Mar in Barcelona is also due to be refurbished and extended.

Carlos Inacio, the director general of Primark Spain, said of the move: “We are proud to announce a significant investment in our store portfolio and long-term growth of Primark Spain. This exciting expansion plan will create employment, positively impact the local communities we are opening in and bring Primark stores closer to our customers across Spain”.

Primark has said that it will also continue with its commitment to half the carbon footprint across its stores by 2030 by installing LED lighting in its Spanish shops, as well as other improvements.

The low-cost fashion chain has also been trialling new concepts across Spain by opening up food and drink outlets within its stores.

This year, Primark opened a frozen yogurt stand Llaollao in its Marbella store, as well as a Granier café in its Seville store. Primark Granada and Palma have Llaollao stands during the summer months.

The retailer has opened three new stores in Spain in the last 12 months, including in San Sebastián, San Fernando and Girona.

Primark opened its first store in Madrid in 2006 and currently has 56 stores in 42 cities across the country. These are not only located in big cities like Barcelona and Madrid, but also smaller ones such as Logroño, Vigo, Santa Cruz de Tenerife, Orihuela and Tarragona.

The retailer recently announced an investment of £140 million for its UK stores as well as an investment of €100 million in the French market.

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WORKING IN SPAIN

Your questions answered about Spain’s digital nomad visa

Spain's long-awaited digital nomad visa is finally available, but there is still much confusion about it, so we've answered all your burning questions.

Your questions answered about Spain's digital nomad visa

Spain’s Startups Law, which also introduced a new digital nomad visa, was approved at the end of 2022, but didn’t come into force until January 2023 and all the details are only just now being revealed. 

From how much money you need to your tax obligations and if you can bring family, members, here are all your questions answered. 

READ ALSO – REVEALED: Everything you need to know about applying for Spain’s digital nomad visa

What are the financial requirements to apply for the visa?

You must prove that you earn 200 percent of the SMI or Minimum Interprofessional Salary. The current minimum wage in Spain is €1,000 per month (across 14 payments) or €1,166.67 across 12 payments.

Keep in mind though that the minimum wage is currently being re-evaluated and is likely to go up to €1,082 (across 14 payments) per month in the near future.

This means that currently, you must be able to show that you will have an income of at least €2,333.34 per month or €28,000 per year, but it is likely this will increase. You can prove this amount either with job contracts, invoices or bank statements.

Can I bring family members with me on the visa?

Yes, you are permitted to bring partners and children with you to Spain on the digital nomad visa.

In order to add a family member, however, you must prove that you have an extra 75 percent of the SMI or minimum wage. This currently equates to an extra €875. For each additional family member after this, such as children, you will have to prove you have an extra 25 percent of the SMI, currently €291.66.

READ ALSO: Ten of the best cities for digital nomads to move to in Spain

Do I need private health care?

You must also make sure that you have either private or public health insurance, simply getting travel insurance with health coverage is not enough.

The Spanish government mentions the option of getting public health insurance instead of private cover, but it is not yet clear whether this means that you will have to contribute to the social security system or be eligible for the convenio especial – the public pay-in scheme.

Do I have to have any professional qualifications? 

You must prove that you either have professional qualifications or a degree relating to your job or that you have at least 3 years’ experience working in your field. 

How long is the visa valid for?

The visa will be valid for an initial period of one year, however, it can be renewed for up to five years. After that, if you want to continue living in Spain, you will be able to apply for permanent residency.

Does the visa give me access to travel around the EU?

Yes, once you have your visa and you’re in Spain, you will be able to apply for a residency card. This will allow you to travel throughout the EU during the time that you’re living in Spain.

Keep in mind though, it won’t give you the right to work or live in other EU countries, but you will be able to go for short breaks. 

How long do I have to stay in Spain for the visa to be valid?

Many digital nomads choose to split their time between different countries. If this is your case, and you want to split your time between back home in the US or the UK for example, you must make sure you stay in Spain for a maximum of 6 months per year for your visa to remain valid.

Do I have to pay tax in Spain?

Yes. If you stay longer than 183 days, then you will be considered a tax resident in Spain. This means that any money you earn while working in Spain, even if it comes from clients or companies abroad will be taxable.

However, the digital nomad visa grants you tax benefits, such as being able to pay the Non-Residents Tax Rate (IRNR) rather than the regular progressive income tax (IRPF) that Spain’s resident workers pay.

Non-Resident Tax was previously only applicable to non-residents such as second-home owners, but an exception has been made for digital nomad visa holders even if they spend more than 183 days a year in Spain and are therefore technically fiscal residents.

IRNR is generally 24 percent in Spain and digital nomads will be able to pay this instead of the more progressive rates, as long as they earn below €600,000 a year.

This favourable tax rate will be available for four years, if you choose to renew your visa. 

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