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‘ATM Start-Up Pitch Battle’ calls for final entries till 21 March
ATM Start-up Pitch Battle winner 2024. Image Courtesy: RX Providing a platform for the regional entrepreneurs who will shape the future of travel, Arabian Travel Market (ATM) will host the ATM Start-Up Pitch Battle in association with Intelak during the show’s upcoming edition. Taking place on 1 May at ATM’s Future Stage, the competition invites startups to present their innovative and industry-changing business pitches in front of an expert panel of judges, including Ramzi Al Qassab, Managing Director Middle East at Sabre, and Njood Alkhaldi, Innovation Specialist at Intelak Hub. As part of ATM’s commitment to entrepreneurship and connectivity, the competition invites start-ups with innovative products, services, or technologies to take advantage of this unique opportunity. The competition is open to pre-seed or seed series start-ups, enabling them to access the resources to take their businesses to the next level. Danielle Curtis, Exhibition Director ME, Arabian Travel Market said: “ATM’s primary mission is to unlock business potential for the travel and tourism industry, and entrepreneurs are becoming increasingly crucial to the sector's future. The ATM Start-Up Pitch Battle has emerged as one of the event's major highlights, showcasing inspiring ideas and the remarkable talent this region has to offer. We look forward to receiving a diverse range of entries for this year’s competition.” Last year’s winner, InterLnkd, secured the top spot with their innovative approach to monetising travel bookings. The winning start-up for this year’s competition will receive dedicated exhibition space at ATM 2026 and marketing and public relations support during the event. The winner will also have an exclusive opportunity to be part of a panel at ATM 2026, enabling them to share their insights with a wider audience and engage in meaningful industry discussions. Start-ups eager to compete for the top prize must submit a brief summary of their business and its mission by Friday, 21 March, via this link. Applications will be reviewed by Intelak, with assistance from Ahmad Alwaly, Senior Robotics Engineer at Emirates and a member of the Technology Innovation Lab. They will choose the most innovative solutions to present live at the event. Shortlisted candidates will be notified by 31 March. Intelak is a Dubai-based technology and innovation hub dedicated to fostering entrepreneurship in the travel, tourism and aviation industries. Backed by leading industry partners, Intelak gives early and late-stage start-ups access to programmes, mentorship and a community of like-minded individuals to launch, grow and scale their start-ups. To further support entrepreneurial growth in travel, all shortlisted start-ups will be highlighted at the show this year. They will receive complimentary pod space in the new Start-Up and Innovation Zone at ATM 2025, located in Za’abeel Hall 3, enabling them to showcase their solutions and network with industry leaders. The ATM Start-Up Pitch Battle is presented by Sabre and will be held from 12.30 to 2 pm on 1 May on ATM’s Future Stage.
‘Start-ups’ in focus at the ‘The Innovation Hub’ at the Dubai International Boat Show
Dubai International Boat Show, the global luxury yacht and lifestyle show, has once again underscored its position as a global assembly space attracting visitors and exhibitors from more than 60 countries, while providing a stage both for UAE-based maritime companies and overseas start-ups. Throughout the five-day event, which runs until 23 February, DIBS is welcoming 1,000 brands and 200-plus yachts and watercrafts to Dubai Harbour for the 31st edition of the annual yachting experience. Start-ups in the spotlight Brought to the show by Yachting Ventures, the leading media and events platform for start-ups and emerging tech in leisure marine, this year’s DIBS Innovation Hub is providing a space for start-ups from countries including Kuwait, Egypt, and France to exhibit their products and services. Lionel Pean, President of Seafloatech, which has designed, tested and perfected a mooring line system with a gloat interface, said: “As a young company launching new products, having the support of DIBS is invaluable in helping us navigate the challenge of risk. Dubai is a truly magical place where anything seems possible, especially with the rapid development happening at sea. For a company like ours, DIBS’ support will likely help us grow faster here than anywhere else in the world." Start-ups exhibiting in the hub include Airmarker, which manufactures signal balloons to support vessels in distress; Hydroflyer, which focuses on electric hydrofoil crafts; Waves, a mobile application that eases the booking process of boat-led travel adventures; Mulca Technologies, a fractional ownership model; and Yacht Coin, a cryptocurrency tailored for the luxury motor yacht industry. Juan Crosby, Chief Operating Officer – iWarranty an integrated SaaS platform digitising warranty management to reduce e-waste, said: “DIBS has been fantastic in providing a platform to showcase what we do. We feel fortunate and proud to have met a diverse range of people and have participated in various panels, fully immersing ourselves in the DIBS experience. Dubai is remarkable in its vision for the future—constantly thinking ahead and building today for what’s to come. We are similarly wired and hope to support and contribute to that.” The initiative is not only cost effective for the start-ups, but also provides support in their first exhibition in Dubai to maximise relationship-building and awareness. Joris Van Aelst, Founding Owner & Creative Director at Bcraft, a family business creating bespoke crafts for adventure and leisure said: “DIBS plays a crucial role in supporting innovation, making it the perfect platform for us. I visited a few years ago, and the growth has been incredible – we want to be part of that journey. The city is one of the fastest-growing in the world, driven by innovation and a future-focused mindset. With its open-minded approach and ever-evolving skyline, the sky truly is the limit.” Proudly UAE While the show is widely established as one of the key dates on the global calendar for international maritime corporations, the annual exhibition also continues to help and highlight local companies with its returning Proudly UAE segment. The feature serves as an important platform to shine an international spotlight and provide exposure in a bid to raise awareness on an industry wide scale. Colonel Ali Abdullah Al Qusib Al Naqbi, Deputy Director of the Ports Police Station, said: “Dubai Police’s participation in the Dubai International Boat Show reinforces its role in enhancing maritime security and safety in the emirate. At this show we're presenting the latest innovations including smart security services, maritime search and rescue equipment, monitoring technologies, and artificial intelligence solutions, such as environmentally friendly electric boats, all of which are used to keep the wider community safe. Additionally, the introduction of the ‘Sail Safely’ service aims to improve security response through an innovative future vision, further supporting the UAE’s maritime sector.” Exhibiting alongside Dubai Police, a range of brands are sharing insights into the flourishing local maritime scene and the services each affords. These include boat designers and manufacturers Ocean Boats; a local ship, boat and luxury yachting repair service called Nomad Marine Services; and the popular Dubai International Marine Club – long considered one of Dubai’s most prominent marine sports clubs. Flavio Gatti, Manager at Al Fajer Marine LLC, the UAE based boat builders, said: "The Dubai International Boat Show is undoubtedly the best in the Middle East, it's vital for us to be here, and we're proud to be a local brand within such a momentous event. We manufacture locally-crafted boats at Dubai Maritime City, Port Rashid under the ownership of HH Sheikh Hasher bin Maktoum Al Maktoum - this event is especially significant for us. It gives us the opportunity to showcase our products to visitors, both local and international, helping to raise awareness about our business and cement our name even more so in the industry. Here today, we're presenting three vessels including one from our best-selling ‘Bullet’ series, a 60-foot monohull with 4-bed and 1-bath, running 2000 HP on 5 engines.”
InterLnkd crowned winner of the ATM 2024 start-up pitch battle, held in association with Intelak
InterLnkd overcame stiff competition on the final day of Arabian Travel Market (ATM) 2024 to win the third ATM Start-up Pitch Battle, which was held in association with Intelak. The UK-headquartered company uses specific data points and an intelligent matching engine to link the travel and hospitality sectors with the fashion, beauty and retail industries. A total of 33 travel start-ups submitted entries for this year's competition, a 158% increase compared to last year’s figures. Finalists ClearQuote Technologies ME Ltd, stayK and InterLnkd presented to judges Sarah Saddouk, Director of Innovation – Entrepreneur.com and Mohammad Khoori, Ventures Team – Emirates Group. Barry Klipp, Co-Founder and CEO of InterLnkd, outlined the company’s position as the first and only company to link the travel and hospitality industries with the fashion, beauty and retail industries to drive an incremental revenue stream to the former and a targeted sales solution to the latter. Klipp said: “Using specific data points, and a unique intelligent matching engine built through AI algorithms, InterLnkd is able to connect thousands of bookings from travel and hospitality with thousands of products from fashion, beauty and retail to deliver incremental revenue streams to both parties.” Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “As we embrace entrepreneurship and innovation in travel at this year's ATM, our pitch battle provides an ideal platform for emerging brands to unveil their cutting-edge industry solutions. Entrepreneurship in tourism is driving significant change across the industry, bringing forth creative ideas that enhance the traveller experience, optimise business operations, and build sustainable, culturally rich ventures that positively impact local communities. “Our thanks also go to our partner, Intelak, a premier technology and innovation hub in Dubai that empowers both early-stage and established startups with the education, mentorship, tools, and resources necessary to tackle business challenges head-on,” Curtis added.
Wayra (Telefónica) and HBX Group announce the winning start-ups to join the TravelTech Lab
HBX Group, a leading B2B ecosystem in the TravelTech space, and Wayra, Telefónica's Corporate Venture Capital, today announced the winners of the second TravelTech Lab by HBX Group challenge after analysing 120 companies from 25 countries including Spain, France, UK, Germany, the Netherlands, Singapore, and Korea. Only 6 start-ups were given the opportunity to present their project to a professional jury composed of experts from both companies at the pitching hub during 4FYN, part of the Mobile World Congress in Barcelona. The goal of the challenge was to find start-ups that specialise in virtual reality, the metaverse and AI to help B2B travel companies improve efficiency in their operations. After hearing the proposals, four winners have been announced to join the TravelTech Lab, for their solutions that create more engaging experiences and reshape distribution within the TravelTech industry. The winning start-ups are: Didit(Gamium): an intuitive app that combines NFC, blockchain and artificial intelligence technologies to ensure secure identity verifications and smart digital payments. Firstview: provides hotels with virtual reality and immersive digital content with 3D virtual tours, 360° aerial view, virtual sales platform, and reporting. Hotelverse: offers travellers the opportunity to fly over the hotel, explore its facilities, hyper-personalise a specific room and book it. Unblock: an application that serves as a point of contact with the citizen and offers comprehensive access to city services in an easy and attractive way. These startups will receive advice and guidance from industry experts, and they will also join Wayra's innovative ecosystem and work directly with HBX Group teams to develop joint business opportunities. In addition, HBX Group may offer a grant of up to €40,000 to pilot and bring their proposal to life. All four of the selected start-ups will be able to work with other like-minded entrepreneurs in Wayra's 7 spaces in Europe and Latin America, as well as in HBX Group's hubs in Mallorca and Madrid. "Our alliance with HBX Group is an exciting adventure, we want to create innovative solutions through the most disruptive technologies that redefine the hotel and tourism sector. What better way to do it than by relying on the entrepreneurial ecosystem that we have been supporting for more than 15 years? Wayra would like to congratulate all the winners, as together we will seek to create a real impact on their business, and successfully face the new challenges of the market", explains Andrés Saborido, COO of Wayra. José María Pestaña, Chief Innovation & Public Affairs Officer at HBX Group, stated: "Innovation is the cornerstone of our TravelTech Lab at HBX Group, and the collaboration with Wayra is key in connecting with start-ups that offer a differential value proposition. We are very pleased with the outcome of the second challenge and would like to congratulate all the selected start-ups. We firmly believe that the winning proposals can contribute to improving the efficiency of our partners. We are confident that together we can continue to facilitate the real transformation of the TravelTech space and improve the traveller experience.”
SITA technology to power French start-up Alltheway’s new doorstep baggage delivery service
SITA technology is powering a new and convenient baggage service from French start-up Alltheway, enabling passengers traveling from Paris to check in and drop off their bags from their home or city center hotel and deliver it directly to their destination. The company will also soon release an airport carousel bag pick-up and city delivery solution. Alltheway will allow passengers and airlines to track bags on and off airport. Alltheway agents arrive at the passenger’s hotel or home, weigh and seal the bag, and check it in with the airline. Using SITA Bag Journey, Alltheway integrates with an airline’s tracking systems and shares real-time baggage tracking information every step of its off-airport journey. Alltheway will also receive the baggage tracking data collected during the airport’s handling operations. This information is then shared with the passenger through the Alltheway application so they can track their bags in real time. Agents also leverage SITA’s Flight Data Global which provides information on customer flight check-in and departure times. This helps agents plan pick-up times and make sure bags arrive at the airport on time. With visitors to the city surging with the Rugby World Cup taking place in France this month and the Paris Olympics in 2024, Alltheway has partnered with Air France/KLM and hospitality group Accor to offer this service to their customers. SITA’s solution highlights the increased demand from passengers for off-airport services while seamlessly connecting their air travel with other modes of transport such as cruise or rail. Leveraging knowledge of the highly integrated aviation industry, SITA helps travel tech solution providers such as Alltheway offer new off-airport services while assisting airlines in integrating their services with rail and cruise. Emilie Gazeau, CEO and Founder at Alltheway, said: “We have seen a growing demand for off-airport baggage services from a wide range of passengers, including families that have a huge number of bags to transport or business travelers that need the freedom to move across the city without being burdened by their baggage. With SITA, we can connect the dots between the airline and passenger so that we deliver the traveler the peace of mind that their bags are in safe hands.” Sergio Colella, President of Europe at SITA: “Looking at the findings of SITA’s 2023 Passenger IT Insights report, passengers have made it clear that they expect to book more intermodal trips in the coming year while expressing a strong interest in technology to streamline processes such as baggage handling across the entire journey. With our baggage solutions, we are pleased to deliver that experience to Alltheway’s customers.”
J2 adventures introduces a start-up touring concept for luxury Jewish travel adventures
If you think Israel is simply archeological ruins and spiritual legacy, think again. J2 adventures (which stands for Jewish Journeys) is the latest, hippest tour operator to rethink how its clients experience Jewish culture around the world. At the core of J2 adventures is an out-of-the-box approach to Jewish cultural travel that invites participants to engage with questions of identity, diversity, and pluralism. J2 adventures is designed to meet the needs of families and groups by integrating thematic, custom designed excursions around specialized topics and interest areas. Want a culinary foodie tasting experience on your Jewish Journey? Check. Excited about the local Israeli art scene? Check. Have teenage adventure outdoor junkies in your family? No problem. J2 adventures has it all. Through their diverse collection of personalized mini adventures, this tour company makes the point that Jewish travel is not just one thing, and it is never boring. “No tour, no itinerary, and no group is cookie-cutter with J2 adventures. Rather, each group and itinerary and experience is carved and catered to individual needs and situations,” said Rabbi David Seth Kirshner, Senior Rabbi, Temple Emanu-El, Closter, New Jersey. “Beyond Israel, our community has partnered with J2 adventures on missions to explore the Jewish Communities of Morocco, Portugal, Germany, Poland, Bahrain, United Arab Emirates, Argentina and more. They have been our partner on three continents and around the globe!” Guests of J2 adventures can meet up with a diverse hip hop musical group in Tel Aviv-Yafo and explore Jaffa through the eyes of System Ali, a local hip hop musical group comprised of Jewish and Arab artists that tackle issues of minority identity and community rights in Tel Aviv; or experience a spectacularly colourful women’s glassblowing workshop in the ancient city of Safed led by a local visual artist. Adventurous travellers can go whitewater rafting on the Jordan River or hop on an ATV and blast through the Desert – an off-the-beaten path experience. In Rabat, Morocco, travellers get to experience Association Mimouna, an organization of Muslim students who honor the country’s Jewish traditions and promote Jewish-Muslim friendship. These tours are fresh, different, and an authentic look into the lives of locals in their featured destinations. J2 adventures co-founders Kathy Eid & Guy Millo share a love and passion for what they do, and the two principals have spent a collective 30 years in the Jewish travel business and crafted a fresh new company, which launched after the Pandemic. With a strong focus on the educational nature of their tours, Kathy & Guy partnered together with a group of educators, experienced destination guides and travel professionals, and J² adventures came into being with a strong ethos around impact/mission driven trips. “These last few years gave us the opportunity to re-evaluate how we share Jewish culture with our travellers,” said J2 adventures co-founder Guy Millo. “We have thought deeply about the lens through which we present a destination and the messages embedded in our experiences. Jewish Journeys is not a travel company. Travel is used as a vehicle to search for identity. Identity can be unearthed in many different touchpoints and powerful moments.” Much of the 4,000-year-old Jewish experience has been on the road. J2 adventures journeys to places all around the world – from Israel to Europe to Morocco to Egypt and to the Far East – all follow the path and tell the stories of the Jewish people in motion.
roadsurfer, Europe’s #1 RV/Camper van rental start-up, sees remarkable growth in its first year in the USA
Representative Image Munich-based outdoor travel expert expands operations, gains popularity in Europe and the U.S., and secures a 21 million euros investment. roadsurfer celebrates a successful first year in the United States (Los Angeles) with impressive growth, and a larger fleet of rental camper vans, as demand for outdoor adventure and road trips continues to rise. Thanks to a significant cash infusion, the German company is expanding its operations across Europe and the U.S. in 2023. The German camper van/RV rental operator experienced a staggering increase in its 2022 business income and nearly doubling the previous year's revenue. The company's foray into the U.S. market has been met with enthusiasm, as American travelers continue to embrace the #vanlife trend and embark on road trips starting from the Los Angeles station. To cater to the growing demand, the company recently purchased brand new vehicles to add to the Los Angeles fleet, doubling it in size within just one business year. The company offers camper vans in two categories, comfortably sleeping four or two persons: the Road House XL and Couple Condo. Fleet models are the Winnebago Solis (layout 59 PX), Winnebago Travato (layout 59K), as well as Thor Motor Coach models Tellaro (layout 20A) and Sequence (layout 20L). The Los Angeles station sees bookings from Europeans visiting California, and Americans from Southern California and other states. With a positive outlook for the current year, roadsurfer secured a 21-million-euro investment for 2023. Austrian Invest AG contributed 15 million euros, while existing investors added an additional 6 million euros. These funds will fuel further expansion and increased profitability for roadsurfer in both the U.S. and Europe. In its sixth year of operation, roadsurfer is boasting a fleet of nearly 5.000 compact camper vans, and now operates over 50 rental stations across twelve European countries, including its first U.S. rental station in Los Angeles, established in June 2022. roadsurfer opens six new rental stations in 2023, including two stations in Germany, two in Sweden, and two in Italy. The company is also exploring possibilities for further expansion in the U.S. The popularity of #vanlife, the trend of traveling in personal camper vans, has significantly increased during and after the pandemic. "Since our foundation, we have observed a consistent surge in demand for camper vans, as customers seek individual road trip experiences. Flexible and personalized travel planning is of utmost importance to our clientele," says Dr. Susanne Dickhardt, co-founder and managing director of roadsurfer. In addition to its core business of RV and camper van rentals, the company offers "roadsurfer spots," an app-based booking platform with access to over 10,000 individual private camping spots (currently available in Europe only). To celebrate freedom and independence on the 4th of July roadsurfer currently offers a unique discount for all travels from the L.A. station. Customers save $200 on their RV rental bookings until July 7th with the code 4JULY23.
Hotelbeds and Wayra (Telefónica) announce first start-ups to be part of the TravelTech Lab
Hotelbeds and Wayra, Telefónica's open innovation initiative, have announced the winners of the first TravelTech Lab by Hotelbeds challenge. Following a competitive pitch day at the South Summit in Madrid, four start-ups rose to the challenge of finding disruptive solutions to connect B2B global travel ecosystem stakeholders to create a frictionless travel experience. More than 60 proposals were submitted from companies based in 18 countries across the globe, including Spain, South Africa, Israel and Japan. Launched in February, the TravelTech Lab by Hotelbeds is powered by Wayra and is re-imagining travel by changing the way travellers move, connect and explore. The winning start-ups are: Botslovers: Chatbots, virtual assistants with artificial intelligence for real companies with the objective of reducing the operational costs of your company by organising the customer service section. Grain: A unique end-to-end integrated currency exchange solution that enables travel software platforms and marketplaces to eliminate currency exchange risk for their customers. They achieve this by eliminating exchange rate volatility in hotel room accounts payable and allowing their customers to pay foreign currency bills in their local currency through local lanes. Smartvel: Offers a complete set of solutions to solve different needs throughout the customer’s journey, where the right content makes the difference. Its technology collects, categorizes, translates, enriches and validates both destination content and travel requirements (health requirements, travel documentation, visa). From museums, restaurants, city halls to official sources such as IATA, government agencies and official bodies. Chekin: Helps owners of tourist accommodations to automate the entire check-in process, from the moment the reservation is created to the check-out. Generating up to 80% time savings and increasing revenue with each booking. Guest registration and identification, upselling, remote access to the property, sending data to the police, insurance and deposits and online payments. “We were blown away by the response to our first challenge,” said José María Pestaña, Hotelbeds’ Chief Innovation Officer. “The competitive pitch process meant it wasn’t easy choosing the winners but we’re confident we have uncovered some game-changing solutions. We’re looking forward to working with these start-ups and disrupting the travel ecosystem together.” These start-ups will now benefit from access to industry experts, Wayra's network of investors and potential access to a pilot of up to €40,000 with a Hotelbeds business area to kick-start their ideas. They will also be able to take advantage of the innovation spaces of both companies, both at Wayra’s offices in Madrid and at Hotelbeds' headquarters in Palma de Mallorca. “From Wayra it has been an exciting challenge to make available all our knowledge of the entrepreneurial ecosystem hand in hand with a reference partner in Hotelbeds to strengthen our position in the hotel and tourism sector. We would also like to congratulate all the winners. Together we will seek to create a real impact on your business and help you to climb the ladder,” says Andrés Saborido, Global Director of Wayra.
UNWTO announces winning start-ups for ‘Awake Tourism Challenge’
UNWTO has announced the winners of its Awake Tourism Challenge, celebrating the start-ups that are reshaping the sector in every global region. The Challenge was the second edition of the UNWTO Global Startup Competition focusing on the Sustainable Development Goals (SDGs). Entrants were judged on how they are contributing to the development of an inclusive, resilient and sustainable tourism sector, with a focus on six core themes: Local Community Involvement Green and Blue Economies Ecological and Sustainable Capital Creation Tourism Tech for Good Tourism Education Women Empowerment UNWTO Seceratry-General Zurab Pololikashvili said: “Tourism startups have the power and agility to transform the sector in line with the Sustainable Development Goals. The winners of the UNWTO Awake Tourism Challenge all have the potential to help build a more inclusive and resilient sector and we look forward to supporting them as they grow in size and influence.” Winners from every global region The competition attracted more than 2,000 entrants from 120 countries worldwide. The most submissions were from Europe, the Americas and Africa, followed by Asia and the Pacific and the Middle East. From these, an expert jury selected 30 finalists and then 15 winners. Reflecting the broad talent of the global tourism sector, the winning start-ups are Coastruction (the Netherlands), Noytrall (Portugal), SmArt Tourism and Hospitality Consulting (Panama), Quantum Temple (USA), Socialbnb (Germany), Instituto de Accesibilidad (Spain), Kamatjona (Namibia), Baahdy & Birdy (Norway), WeavAir (Singapore), r3charge (Germany), Impact Innovations Institute (Armenia), NomadHer (South Korea), Murmuration (France), Evelity by Okeenea Digital (France) and Accessible Qatar (Qatar). The projects were recognized for offering innovative service with high customer value, most notably with high levels of youth engagement and the involvement of local communities. Start-ups were also recognized for their use of technology to monitor and manage the environmental impact of tourism activity. More information on the winners and finalists can be found on the competition website. A winning network The winning start-ups will be offered an incubation period of three months at SPARK Crans-Montana, the Innovation Hub of Les Roches from the Sommet Education group, where they will be participating in mentorships, networking activities and have access to a VR lab, Digital Studio, and a dedicated co-working space. In addition, they will also receive scholarships for the UNWTO Tourism Online Academy, be included in the UNWTO Catalogue of top innovators, be featured in a global communications campaign to showcase each winner and invited for mentorships with project partners. The competition was organized in collaboration with Wakalua, the first global innovation hub for tourism, powered by Ávoris, and counted with great support from renowned tourism experts and partners, including; SPARK, the Innovation Hub of Les Roches from the Sommet Education group, Amadeus, IE University, NEST, KPMG, MasterCard, Telefonica, Wayra, ClarkeModet, The FarCo, BBVA, MentorDay, Finnova, Google for Startups, the Valley Digital Business School, the Future Food Institute and the Inter-American Development Bank and the Singapore Tourism Board. Innovation as priority In 2022, UNWTO celebrated five years of its Department of Innovation, Education, and invesment. In that time, UNWTO has made innovation one of its main priorities for the sector, holding 23 competitions and challenges, as well as holding nine Tourism Tech Adventures, and creating an innovation network of more than 11,500 stakeholders drawn from every part of the diverse sector.
Spain introduces new visa for foreign start-ups & digital nomads
The Spanish Parliament has approved the new law for start-ups and digital nomads, which regulates who is eligible for this visa and anticipates reducing the Corporation Tax for these categories from 25 to 15 per cent in the first four years of their stay in Spain. The new law enables anyone from the EU or third countries that haven’t been a resident in Spain in the last four years to benefit from a special visa which can be renewed for up to five years, as informed by a news report in Schengen Visa. In addition, the new law regulates that Corporation Tax that applies to startups and investors to be reduced from 25 to 15 per cent in the first four years, and it also allows remote workers to be able to pay the Non-Resident Tax, which refers to workers and companies who receive income in Spain but cannot stay there for more than 183 days. Digital nomads will also be eligible to benefit from the same tax rate of 15 per cent, limited only throughout the first four years of their stay. According to the new law, a new visa will allow digital nomads to stay and work in the country for up to 12 months. Once their legal stay has ended, they will be able to extend it by two years and later up to another five years by applying for residence authorization to be a remote worker in Spain. “It’s one of the most enjoyable moments I’ve experienced in the Parliament. It’s a law that will allow Spain to be at the forefront in the push and promotion of talent in this rapidly growing digital economy,” the Economic Affairs Minister, Nadia Calvino said. The law was passed by 177 members, with 75 abstentions and 88 votes against and it is expected to be ratified without much discussion in the Senate during the upcoming weeks. Most abstentions came from far-right party Vox and Catalan parties Junts and ERC while right-wing PP MPs were against the law. The new law comes after efforts of the country to become more attractive to businessmen and other entrepreneurs, as the country in 2015 was ranked among the worst countries in the OECD to start a business in. By the end of the month, it is expected for the government to determine the exact requirements and conditions for digital nomads, including the minimum amount they have to earn, although the amount is expected to be approximately €2,000 (approx. USD 2,015) per month.
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