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This area of tax on dividends and capital gains external to Spain is the 'grey' area. Probably very wise to get a ruling , hopefully with some liability, from one of the 'Big 4'. This from a financial advisor in Spain who claims to have much experience of the 'Beckham Law'...

Have you considered the "Beckham Law" in Spain ? 24% tax on 1st €600k for 6 years via a Company( can be non Spanish Company). Pay yourself a good wage and invest the rest abroad. Structure your saving into a private annuity and move to Portugal after 6 year using the Portuguese NHR scheme !