Invest in Spain
5/20/2016

Setting up a business in Spain

Setting up a business in Spain is simple. The types of business entities available are in keeping with those existing in other OECD countries and there is also a wide range of possibilities capable of meeting the needs of the different types of investor who wish to invest in or from Spain. It is also worth noting that foreign investment restrictions and exchange controls have been virtually eliminated in line with the EU legislation on deregulation in this area.

 

You can find all the relevant information about setting up a business in Spain in the Invest In Spain website, which is available in English.

 

You can also contact the Economic and Trade Section of the Embassy of Spain in Helsinki:

Pohjoinen Makasiinikatu 6A, 2nd. Floor
00130 Helsinki
Tel. +358-9-6850530
Fax: +358-9-68505353
E-mail: helsinki@comercio.mineco.es
http://finlandia.oficinascomerciales.es 

 

Buying property in Spain

Over the last few years, many foreign citizens, both resident and non-resident in Spain, have decided to buy property in Spain.

 

Please find some general advice below.

  • A Spanish notary public (Notario) will be involved in preparing the contract of sale and issuing the public deeds. As the purchaser, you have the right to choose which notary you use. The notary is a public servant who has a duty to provide you with free and impartial legal advice on all aspects of the contract before you sign. It is a good idea to seek advice from the notary early on. You can find more information in the website of the General Council of Notary Associations (Consejo General del Notariado). The website is in Spanish. The General Council of Notary Associations has also published some leaflets (in Spanish) which can be interesting:
          Viviendas e inmuebles
  • The Embassy of Spain in Helsinki provides some notary public services, but is not a Notary Public Office. Please refer to our  Consular Services in Helsinki page for further information.
  • If you need legal advice, make sure you hire a lawyer that is competent in Spanish Land Law (urbanismo), independent from the builder or the developer and is registered in the Bar Association (Colegio de Abogados). The Embassy of Spain in Helsinki cannot recommend lawyers. If you are a foreign citizen, you can ask your Embassy in Spain to provide you with a list of lawyers.
  • Many Spaniards use a "Gestor" to deal with bureaucracy on their behalf. Check that the one that you have chosen exhibits the GA kite mark that shows that it is certified to deal directly with the Spanish Administration. You can check the website of the Consejo General de Colegios de Gestores Administrativos de España (in English) for further information.
  • You can obtain (or ask your lawyer or gestor to do it), information from the Tax Office Property Registry (Catastro) and the Land Registry Extract (Nota Simple del Registro de la Propiedad). The latter can be translated for a fee by the Land Registrator's Association (information in English). With those two documents, you will be able to verify whether the seller is the real owner of the property, the exact square footage of the property or if it is subject to a mortgage or other debts.

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