Tax Law

Foreign Nationals’ access to the Schengen Area

Spain passed the Internationalization and Entrepreneur Act, Law 14/2013, which allows foreign investors to obtain a specific permit that allows them not only to work in Spain but also to travel within the Schengen area.

Fees and taxes associated with the purchase of property in Spain

When a foreign national wants to purchase property in Spain the foreign national must pay certain fees and taxes. First, there are the notary fees. The different taxes apply depending on whether the sale is of a new home or a resale property. Lastly, a tax on the Registry of the property is also applicable.

Visas and residency authorization for investors in Spain

Law 121/000052 to Support Entrepreneurs and Internationalization allows foreign nationals to apply for different types of visas in Spain. The main condition among others will be making a meaningful capital investment in the country. The article elaborates on these conditions and the definition of a meaningful capital investment.

Process to obtain the Long-Term Residence Permit in Spain

A foreign national can opt for a long-term residence permit in Spain after maintaining a temporary one for a period of five years. Both residency permits allow the foreign national to eventually opt for naturalization and thus attain Spanish citizenship.

New Spanish Residency Reform for Foreign Investors

The proposed Entrepreneurs’ Law includes measures such as authorizing residency permits for foreign investors making investments in Spain. The expectation is that the government will give approval to the bill next Friday.