🇪🇸 Madrid,
Spain
#403
Nomad Score
7.5
Coords
40.4167820, -3.7035070
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OTHER SERVICES AND AMENITIES
| Topic | Details |
|---|---|
| 🏓 Table Tennis Spots | Parque del Retiro (Public tables), Rolling Dance & Burger |
| 🧑🏫 Language Classes | LAE Madrid, Inhispania, Cronopios Idiomas |
| 📚 Libraries & Study Spots | Biblioteca Nacional, Biblioteca Iván de Vargas |
| 🏘️ Community Centers | Matadero Madrid (Art/Culture center), Conde Duque |
| 🕹️ Gaming Lounges | Elite Gaming Center Madrid (Calle de Ferraz) |
| 🎰 Casino & Gaming Halls | Casino Gran Vía, Casino de Madrid |
| 📦 Parcel Delivery Service | Correos, SEUR, Packlink |
| 🛠️ Tech Repair Services | Apple Puerta del Sol, MediaMarkt (Castellana) |
BUSINESS
| Topic | Details |
|---|---|
| 🏢 Studio Purchase Price (City Center) | Approx. €6,500 per m² (e.g., 35 m² = €227,500) |
| 🏢 Studio Purchase Price (Outside City) | Approx. €3,200 per m² (e.g., 35 m² = €112,000) |
| 🏠 1-Bedroom Purchase Price (City Center) | Approx. €6,000 per m² (e.g., 55 m² = €330,000) |
| 🏠 1-Bedroom Purchase Price (Outside City) | Approx. €2,900 per m² (e.g., 55 m² = €159,500) |
| 🏡 2-Bedroom Purchase Price (City Center) | Approx. €5,800 per m² (e.g., 85 m² = €493,000) |
| 🏡 2-Bedroom Purchase Price (Outside City) | Approx. €2,700 per m² (e.g., 85 m² = €229,500) |
| 💼 Corporate Tax | 25% (General rate) |
| 💵 Dividend Withholding Tax | 19% - 26% for residents; 19% for EU/EEA residents |
| 🏦 Tax System | Spanish residents taxed on worldwide income; Beckham Law exception possible |
| 📈 Highest Income Tax Bracket | 45% - 47% (varies by autonomous community) |
| 🧾 VAT | 21% (Standard), 10% (Reduced - restaurants/health), 4% (Super-reduced) |
| 🌐 Controlled Foreign Company (CFC) Rules | Yes, strict transparency rules (Transparencia Fiscal Internacional) |
| 🏠 Property Tax | IBI (Impuesto sobre Bienes Inmuebles), ~0.4% - 1.1% of cadastral value annually |
| 🏠 Property Transaction Tax | ITP: 6% in Madrid (Resale); VAT: 10% (New builds) |
| 💻 Attractive Tax System for Digital Nomads | Digital Nomad Visa (24% fixed tax rate on Spanish income up to €600k for 5 years) |
ESSENTIALS
| Topic | Details |
|---|---|
| 🏙️ City | Madrid, Community of Madrid, Spain |
| 👥 Population | 3,300,000 (Metropolitan: 6.7 million) |
| 💻 Internet Speed | Average 200-600 Mbps (Fiber optic is standard) |
| 💸 Currency & Banking | Euro (EUR). 1 EUR ≈ 1.09 USD. Major banks: Santander, BBVA, CaixaBank |
| 🚰 Tap Water | Drinkable (Highly rated, sourced from Sierra de Guadarrama) |
| 🔌 Power | 230V, 50Hz, 🔌 Type C/F sockets |
| 📶 SIM Card | Movistar, Vodafone, Orange, Orange (Pay-as-you-go: ~€15-20 for 50GB) |
| 💳 Banking for Expats | Revolut (Spanish IBAN), N26, Santander One |
| 🛌 Accommodation | Idealista, Fotocasa, Badi (for rooms) |
| 💳 Cashless Friendly | Yes, cards/Apple Pay accepted almost everywhere, including markets |
| 🏠 Short Term Rentals | Airbnb, Spotahome (~€1,200 - €2,000/month for 1BR solar) |
| 🛏️ Budget Accommodation | The Hat Madrid (Plaza Mayor), Sungate One hostel (~€35-50/night) |
| 🏙️ Best Area to Stay for Tourists | Sol, Gran Vía, Barrio de las Letras |
| 🏙️ Best Area to Stay for Digital Nomads | Malasaña (hip/central), Chamberí (residential/authentic), La Latina (social) |
WORKING AND NETWORKING
| Topic | Details |
|---|---|
| 🏢 Best Coworking Space | The Shed Co (Calle de Hermosilla 48, ~€210/month), Impact Hub (Piamonte 23) |
| ☕ Best Cafe for Work | HanSo Cafe (Malasaña), Federal Café (Conde Duque), La Bicicleta |
| 💼 Networking Events | Madrid Startups Meetup, South Summit (Annual tech conference) |
| 🥂 Social Events for Expats | Citylife Madrid, Madrid Urban Vibes, Intercambio Language Exchange at Beer Station |
TRANSPORTATION
| Topic | Details |
|---|---|
| 🚕 Best Taxi/Ride App | FreeNow (Official Taxis), Cabify, Uber |
| 🚲 Bike/Scooter Rental | BiciMAD (Electric city bikes, ~€2/hour), Lime scooters |
| 🏖️ Best Beach Nearby | Valencia (Malvarrosa Beach, 1h 40m via AVE High Speed Train) |
| ✈️ Top Regional Airline | Air Europa, Vueling |
| ✈️ Top International Airline | Iberia (Hub at Barajas T4) |
| 🛣️ Highway Access | M-30 (Internal ring), M-40 (Outer ring), A-1 to A-6 radial highways |
| 🚉 Main Train/Transit Hub | Atocha Station (Southbound/High Speed), Chamartín (Northbound) |
| 🚍 Public Transport Passes | Tarjeta Multi (Monthly pass Zone A: ~€54.60; Youth <26: €20 flat) |
| ✈️ Regional Travel | Cercanías (Commuter rail), ALSA Bus, AVE/OUIGO/Iryo trains |
HEALTH AND WELLNESS
| Topic | Details |
|---|---|
| 🏥 Best Hospital | Hospital Universitario La Paz, Hospital Clínico San Carlos |
| 🧘 Yoga & Wellness Centers | El Horno de Papel (Malasaña), Zunray Yoga, Gong Yoga (Chamberí) |
| 🏋️ Gyms & Fitness Centers | Basic-Fit (~€25/mo), VivaGym, Holiday Gym, Reebok Sports Club (Premium) |
| 🧺 Laundry Services | Fresh Laundry, Bloomest (Calle de Fuencarral 122) |
FOOD AND DRINK
| Topic | Details |
|---|---|
| 📱 Best Food Delivery App | Glovo (Market leader), UberEats, JustEat |
| 🍽️ Best Local Dish to Try | Cocido Madrileño (Chickpea stew), Bocadillo de Calamares (Squid sandwich) |
| 🍱 Vegan/Vegetarian Options | Vega (Calle de la Luna), Bunny's Deli, Mudrá |
| 🍫 Best Dessert Spots | Chocolatería San Ginés (Churros), La Mallorquina (Pastries) |
| 🛒 Affordable Shopping Spots | Mercado de la Cebada, Mercadona, Lidl |
| 🛒 E-commerce/Online Store | Amazon.es, El Corte Inglés, PC Componentes |
| 🛒 Grocery Delivery | Getir, Amazon Fresh, Mercadona App |
| 🍸 Bar/Nightlife Area | Chueca (LGBTQ+), Malasaña (Alternative), Ponzano (Trendy tapas) |
| 🍻 Local Brewery | Mahou (Factory in Alovera), Fábrica Maravillas (Microbrewery Malasaña) |
| 🍷 Wine Bars | Angelita Madrid, La Fisna (Lavapiés), Viniology |
| 🍲 Street Food Stalls | Mercado de San Miguel (High-end), Mercado de San Antón |
| 🍕 Popular International Cuisine | Tiki Taco (Mexican), Takos al Pastor, StreetXO (Fusion) |
CULTURE AND ATTRACTIONS
| Topic | Details |
|---|---|
| 🎟️ Must-See Landmarks | Royal Palace, Plaza Mayor, Puerta del Sol |
| 🏛️ Museums & Art Venues | Prado Museum, Reina Sofía, Thyssen-Bornemisza |
| 🏰 Historical Sites | Temple of Debod, Templo de San Francisco el Grande |
| 🕍 Religious Sites | Almudena Cathedral, Basilica of San Miguel |
| 🎉 Annual Events | San Isidro (May), Mad Cool Festival (July), Madrid Pride (June/July) |
| 🎨 Cultural Districts | Barrio de las Letras (Literary Quarter), Lavapiés (Multicultural) |
| 🎭 Theater Venues | Teatro Real (Opera), Teatro Calderón (Musicals) |
| 🛍️ Local Markets | El Rastro (Sunday flea market), Mercado de Motores (Monthly) |
| 🎼 Music Scene | Café Central (Jazz), Sala Riviera, Joy Eslava |
| 🎨 Street Art | Esta es una Plaza (Lavapiés), Muros Tabacalera area |
| 🧑🍳 Cooking Classes | Cooking Point (Calle de Moratín 11) |
| 👩🎨 Art Galleries | Doctor Fourquet Street galleries, CaixaForum |
| 🕰️ Historic Buildings | Palacio de Cibeles (City Hall), Edificio Metrópolis |
| 🏴 Local Heritage | The Bear and the Strawberry Tree (El Oso y el Madroño) at Sol |
NATURE AND OUTDOOR ACTIVITIES
| Topic | Details |
|---|---|
| 🌅 Nearby Nature Escapes | Casa de Campo (Massive urban park), El Pardo |
| 🏞️ National Parks Nearby | Sierra de Guadarrama National Park (1 hour by train) |
| 🚲 Cycling/Walking Paths | Madrid Río (Parks along the Manzanares river) |
| 🌄 Scenic Viewpoints | Círculo de Bellas Artes Rooftop, Faro de Moncloa |
| 🦉 Birdwatching Locations | Parque del Oeste, Polvoranca Park |
| 🔥 Bonfire-Friendly Spots | Generally prohibited; designated BBQ areas in 'La Jarosa' (outskirts) |
🧭 CONTINUE EXPLORING MADRID