MD International Estates recommends:
Our Real Estate Team has responded to the overseas property market by providing innovative, commercial advice, both to individual buyers and investors as well as to the professional estate agencies.
Our package of services follows each aspect of the process of purchasing, selling or renting a property we always look after our clients best interests.
Inside the Real Estate Practice, we can assist you in the following operations:
- Land Acquisition
- Real Estate Projects
- Building Contracts
- Project Management
- Real Estate Developers Legal Consultancy
- Individual Property Purchase Operations
Talking about the Individual Property Purchase Operations over the past few years we have assisted more than 5.000 clients having consequently a great experience in this field.
Our Honorary Fees in an individual Property Purchase Operation are 1% of the purchase price (with a minimum of 1.500 €) and it includes the following services:
- Explaining you the legal procedure needed to acquire a property in Spain
- Preparing and negotiating the private purchase contract for residential or commercial properties
- Carrying out the legal checks on the property you are acquiring
- Detailing you the costs and taxes involved in the transaction
- Paying on your behalf the costs and taxes involved in this transaction
- Assisting you at the Police when ordering the NIE number (depending on the area, we could go on your behalf)
- Preparing the power of attorney in case you cannot visit the area
- Registering the property in the Land Registry Office
- Assisting you at the Notary when signing the title deeds
- Assisting you with the banks in order to finance your purchase
- Assisting you with the change in ownership of all the bills, supplies and taxes concerning this property, and if you wish, we will arrange the direct debiting of those bills (direct payment made by your own bank in Spain).
- Any other assistance you may require.
Please, feel free to contact us. We are looking forward to hearing from you
More information: martinezechevarria.com
Service champions: From the start, the common goal of our highly skilled team is to deliver the highest level of service to each individual client.
With more than 15 years in business, Manzanares Lawyers has continually followed the path of expansion and growth. Industry leaders, we are constantly expanding the scope and variety of our areas of practice.
More information: manzanares.com
Lexland Lawyers has extensive knowledge and years of experience of the Real Estate market on the Costa del Sol, being able to offer its clients the appropriate legal and tax advice when purchasing a property in Spain.
Lexland is a Full Service Law Firm that can provide legal solutions to any situation presented by our clients. We have a strong division of legal services and every professional in our team is specialised in a particular field of law, allowing Lexland to cover all areas of the Spanish legal system.
Our professional team speak 10 languages, being able to advise clients from practically anywhere in the world in their own language and with a deep understanding of their cultural background.
Due to our vast and renowned experience in this field, Lexland Lawyers may offer you appropriate legal and tax advice when purchasing a property in Spain, as well as other related matters.
If you have any queries regarding the purchase of a property, please do not hesitate to contact us, the initial no obligation consultation is completely free. Let’s talk!
It’s all about you.
For more information, Please contact Dimas Cuesta: [email protected]
View our website: lexland.es
Spanish Visas for Non-EU Foreign Property Investors
Obtaining a residency permit for Spain by investing in real estate assets valued at €500,000 or more has become possible for non-EU foreign nationals with the so-called “Golden Visa”.
The Spanish government recently passed Law 14/2013 that seeks to encourage international investment and new business initiatives. The new law was officially published on September 28th 2013, and came into force on September 30th 2013.
A detailed study of the new law would include the tax, financial and regulatory aspects of it, but of more immediate interest for real estate buyers will be the sections that regulate how to obtain a residence permit when investing in property in Spain.
The new law essentially means that non-European Union citizens could be entitled to obtain a Spanish residency permit if they are prepared to carry out a significant capital investment in Spain and meet other basic requirements as listed below.
For the purposes of this law, significant capital investment may be understood to mean a minimum amount of €500,000 (per person) i.e. the minimum amount that an individual must invest on real estate is €500,000 – excluding loans, mortgages or any other encumbrances.
In the case of joint ownership (for example a married couple), the minimum requirement is not met. In such situations, further study will be carried out to prove that the head of the family is able to show commitment to support the rest of the family through a sponsorship letter.
Qualifying property may be purchased through an investment company, as long as the company is not incorporated in a jurisdiction considered by Spanish authorities to be a tax haven, and that the applicant for the residence permit holds the majority voting rights, being entitled to appoint the majority of the members of the Board of Directors.
It is also possible for applicants to invest in several properties of lower value, as long as the full amount invested in all of them is equal to or greater than the minimum requirement of €500,000.
Investors are entitled to use a mortgage when purchasing property for a greater value; the residency permit application would still be accepted, as long as there is an invested amount of €500,000 free of encumbrances.