The Beckham Law, or Spanish Royal Decree 687/2005, offers a reduced 24% income tax rate for highly skilled expatriates in Spain for their first six years, named after David Beckham to attract foreign talent and investment.
The Beckham Law was introduced in Spain in 2005. The law was established as part of a broader effort to attract highly skilled foreign professionals to Spain by offering them a favorable tax regime. It became informally known as the "Beckham Law" after English footballer David Beckham, who was one of the first high-profile beneficiaries of the law when he joined Real Madrid shortly after its implementation.
The introduction of this law marked a significant shift in Spain's approach to attracting international talent, particularly in sectors like sports, finance, and technology.