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Spain is a good place to invest in. For years the annual growht rate has been better than the average of European Union countries. Add its temperate climate, the culture, the stable legal and political layout, the people's way-of-life, the hospitality and you got one of the best countries to invest, even to live in.
The Foreign Investments Act states that investments in Spain are unlimited.
Generally you do not need a permision to invest except a few little exceptions by country or activity. Some few countries are qualified as tax paradises. In this cases you can invest but a previous notification is needed. Same if your investment is related to a few specially regulated activities like weapons industry.
The profits of your investments is taxed generally 25% anual rate over the profits and except if the country of origin of the funds has signed a Treaty in order to prevent the double tax imposition.
For direct investment you do not need a local representative or any formalities, simply you send the funds and the Spanish bank makes for you the notification to the Registro de Inversiones Extranjeras. This notifications is necessary in order to get out of the country the funds and the profits when you decide to terminate the investment. After this has been done you simply will order to your bank to buy shares, public debt or other assets of your interest.
Even a local representative is not legally needed it is advisable to rely on an organization like MUNDILEX in order to fullfill and control all the investment process, the correct payment of annual tax and, in the end, the refund of investment and profits.
A lot of people or companies aiming to investing in Spain finds that incorporate a Spanish company is a very convenient way to do the investment. This is mainly because the company is of Spanish nationallity and can operate without limitations. Read more about incorporating a company.
Instead of other countries, to buy a property in Spain has no limitations for a foreigner; you can buy everywhere freely.
If you are looking for a land, a flat or any kind of real estate investment in Spain, we can provide you these services:
Currently we do these tasks for people and enterprises from Switzerland, Samoa, Singapore, France, United Kingdom, Uruguay and other countries all around the world. We manage currently four big urban plans in Catalonia. We have customers in the construction business who can provide all the services you could need: from a simple house construction to a residential quarter including streets and town services.
If you are simply looking for a second house in Spain or to stablish you when retired we can give you legal advice in order to ensure the deal and all the paperwork required, including the tax management acting in your behalf before the Spanish Authorities.
Spain is a good country to invest in. To establish an spanish company is a simple and not expensive process. Read more.
To buy a real estate in Spain is very easy and currently also very cheap due to the spiral fall of the market. Now is the best moment to buy a property in Spain with an 30% instant rebate (january 2009).
Please ask me if you are looking for more information.
