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News from the financial sectors in Spain and the Canary Islands
   News from the financial sectors in Spain and the Canary Islands

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Buying property in Spain
Exploring the possibility of making purchases via a non-resident company.

18.03.2014 - With the Spanish property market offering some very attractive prices nowadays, especially in tourist zones such as the Canary Islands, many non-residents are aware of the investment opportunities, or can see the possibility of acquiring a second residence in an exceptional area is now within their reach.

Before committing to buying, especially when prices are at the higher end of the scale, and even more so if the buyer is considering purchasing several properties, prospective purchasers should bear in mind the possibility of doing so by first forming a company, which can even be registered in the potential owner’s home country: these days the costs involved have fallen significantly and the possible fiscal benefits are considerable.

For example, in comparison to an individual making a purchase, there can be substantial advantages regarding taxes from the future sale of the property or in the case of it being passed on to inheritors.

It is an option that should be considered before buying as it is one that will have important repercussions in the future.

For this reason we recommend, once the desired property or properties have been found, that you first speak to an expert in the field so your choice of property will not only please you, but will also be a financial success.



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