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February 1, 2022
A Property Sales and Purchase Agreement is a written commitment between Purchaser and Seller to deliver a property in exchange for an arranged amount of money. On the one hand, this type of agreement requires the Seller to deliver their property in the same condition it was in when the agreement was signed; on the...
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The European Succession Regulation applies to successions as of 17 August 2015. It affects all of the Member States of the EU, except for Ireland and Denmark. One of the most important amendments concerns the law governing the succession of the deceased: it will be the law of the country of habitual residence prior to...
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The Foreigners’ Identity Number (Número de Identificación para Extranjeros, NIE in Spanish) is a personal, unique and exclusive number that all foreigners must have for identification purposes. It serves as proof of identity within the country and allows them to initiate the procedure of staying in Spain without having to apply for a specific visa.Applying...
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The Property Sale and Purchase Agreement in Spain is a legally-binding document with which the Seller is required to transfer the ownership of their property to the Purchaser, in exchange for a specific agreed upon amount of money. If you want more information about the contract of sale of a property or you want our...
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A Property Deed in Spain is a legal document signed before a Notary, which grants a property’s ownership and must be submitted to the Land Registry where said property is registered. The Property Deed needs to be signed before a Notary by both the current owner and the Purchaser.This document is a requirement for any...
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In Spain, an Earnest Money Contract is a written agreement that is signed prior to the purchase of a property. This document serves as proof of willingness to transfer said property from the Seller to the Purchaser. The reservation of the property is therefore made effective by signing the Earnest Money Contract, in which the...
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Tourist Accommodation in Spain Any individual property in Spain, whether it is a detached house, an entire building or an apartment within a residential complex, can initiate the procedures to be used as Tourist Accommodation. Property owners may hire different companies for managing and advertising their properties in order to be used for temporary accommodation...
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You may obtain the status of Permanent Establishment (PE) in Spain in two ways: either when your main business activities take place anywhere in the Spanish territory or your business is located here, or when you appoint another person to act by proxy (power of attorney) and apply for your PE. Renting a property in...
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Non-residents in Spain who are from a Member State of the EU or the EEA: When expenses are deducted from the gross income, 19% of the resulting amount is to be paid as taxes. Taxes and revenues earned from renting a property in Spain also need to be filed in the country in which you...
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If you inherit a property in Spain, you will be required to pay the Inheritance Tax within a period of six months regardless of your status as a resident or non-resident. However, you may apply for an extension.In fact, the inheritance will not become effective until payment of taxes has been satisfied.However, regulations of the...
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