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by fesja 3317 days ago
Disclaimer: I'm from Madrid and I live in Madrid right now. I've created 3 startups. I've spent monts or weeks working from San Francisco, New York, London and Barcelona. My companies have been invested by Atomico, Idinvest, PointNine, 500 Startups

Many people ask me why I haven't moved permanently elsewhere. The answer is simple: quality of live. It's really hard to get the quality of life that we have in Spain (free health care, awesome food, awesome weather, lots and lots of places to visit on the weekends, awesome hiking places, beaches, mountains to sky, etc). Specially if you have a high salary like us in tech do.

About Madrid and Barcelona. I think both are good choices, but let me summarize some thoughts: - Barcelona. It has a beach and the sea; if you are really into it, it's a great choice. It's near France, so it's great to rent a car and travel to Europe (France, Italy). The city is lovely although there are way too many tourists now (you will avoid many areas). It had an ecosystem much bigger than Madrid, but right now it's not anymore. The design community is bigger there. There are more international people living there for 1-2 years, but they usually leave. - Madrid. The bigger companies are here (Amazon has tons of good paying jobs, Google, Facebook). If you avoid Puerta del Sol, the rest of areas are very calm. It has high-speed trains with all over Spain, it's the best spot if you want to travel. The startup ecosystem has grown a lot, Google opened a Campus there (like in London). There are many accelerators in Madrid. And many of us who sold previous companies are already into our 2-3 companies. Wages are higher and the cost is kind of similar now (what they told me in Barcelona two weeks ago). Madrid has more events than in Barcelona.

About the work. If you work in Tech, Spanish won't be a problem neither in Madrid nor Barcelona. In both places you may want to learn some Spanish & Catalan words to communicate better, but the situation is improving a lot (there are thousands of American & British teachers in our schools).

Salaries? Lower than in UK and Germany. But the top companies are paying much more than traditional companies. Let's say that the idea is that you save the same money. A Senior dev can get paid between 40 and 60k in Madrid in one of the top startups + stock options.

Don't do freelancing with local clients. If you are into remote, that's the best way to save money. Remote for a US client and work from Spain.

If you are searching for a startup and Madrid is finally a good option for you, check ours https://ontruck.com/work-with-us/. We are around 40 employees, we have grown a lot (€) in one year and we have just been invested by Atomico and Idinvest https://techcrunch.com/2017/05/11/ontruck/. Our focus is Europe.

1 comments

Just a small side note: saying health care is free is unrealistic.

I pay 378 euros a month as an automono and I don't have paro.

4.5k a year for health insurance it better be a damn good one.

This is for health insurance, your taxes and also for your retirement pension. Being autonomo is a handicap, this is true, but you are your own boss, choose your working hours, clothes etc as you want, stop working "when you want" and are supposedly paid for extra hours, so not all is bad after all.
He's paying for a retirement pension, but not __his__ retirement pension.
Your final pension depends on what you have paid in your worker's life. So he's paying "for a promise of having a better retirement pension".
Which taxes?
I am a Spanish "autonomo" living in Germany: healthcare is way more expensive here in Germany (and in many ways lower quality). I see Spanish freelancers complain a lot about how expensive healthcare is for them, but when you compare it with the rest of Europe/USA, it is quite cheap I'd say.
Those 378 euros are not just for health care, but also for retirement.