[1] The law gained its nickname after the footballer David Beckham became one of the first foreigners to take advantage of it.
Upon application and acceptance by authorities, such individuals become liable for Spanish taxes based on their Spanish income and assets but avoid such taxes on their non-Spanish income and assets.
However, the Royal Decree 687/2005 modifies this law with respect to wealthy foreign workers.
The "Beckham law", as it is commonly known, regulates the procedure that applies to the new Spanish tax regime for expatriates in force since 1 January 2004.
In November 2009 it was reported that the law was under review, and foreigners entering Spain after 1 January 2010 would not be able to benefit in the same way as previously.