Are you a resident in Spain for tax purposes?

In this article we will explain how to know if to date a natural person (private individual) not Spanish national is a resident in Spain for tax purposes. This is important as the way in which natural persons must pay income tax in Spain is determined by whether they...

Residency permits in Spain to foreign buyers and investors

The goverment has included in the new Entrepreneurial Law, ratified last week by Spain´s Parliament, a clause granting residency to Non-EU Nationals who purchase a property in Spain worth more than 500.000 €. Also to all those who buy more than 2 million Euros worth...

Asset reporting requirements for Spanish Residents

Residents in Spain will need to declare any assets outside Spain worth over 50.000€ Tax residents in Spain must now begin reporting to the tax authorities any overseas assets they hold worth more than 50.000€. This requirement is part of Spain´s new anti-fraud law...

NIE Number Spain

NIE Number in Spain Foreigners with financial, professional or social interests in Spain will need to apply for a NIE (Número de Identificación de Extranjeros) which is a personal and exclusive foreigner identification number. As many think, buying a property in Spain...

Accounting for Restaurants – Bars

Want to start a restaurant / cafe / bar on the Costa del Sol? In this article we explain the factors to take into account when setting up this type of business, the initial steps and procedures and the best way of accounting. Before you head to the opening of a...