Do you want to know the common mistakes when you move to Spain? In this article, we are going to explain you which ones are the most frecuent errors and how to solve them.
Spain is one of the safest countries to invest in, but you have to be aware of the paperwork involved. It’s not uncommon that mistakes are made when investing or buying a property, when certain things are not taken into account or one does not know or understand the process.
Therefore, we have compiled a list of the most common cases that have come to our offices.
We’ll separate them onto two sections: mistakes when you move to Spain and mistakes when you buy a house in Spain.
Mistakes when you change country
Moving to Spain is easy, but you have to be careful about the decisions you make. These are the typical mistakes when you move to spain and we encounter in our daily work:
Believing that legislation is the same throughout Spain
Taxes are often managed by the local councils themselves, they have different regulations in different areas and depend on the communities. If you are not 100% sure that something is true, it’s better to ask your tax advisor or lawyer.
Not having two tax accountants
Not having the opinion of two tax accountants (one in your country and one in Spain). It’s essential to clarify how much tax you have to pay in each country. You should take into account the double taxation agreements.
Not having a Spanish Bank account
Having a local bank account can simplify financial transactions and management while living in Spain.
Not checking the taxes you have to pay before you move
Many people assume that in Spain you don’t pay taxes or that there are no consequences for not paying them. This is far from the truth. As in any country, taxes must be paid to contribute to the maintenance of the Spanish public system.
Notaries in Spain do not perform the same functions as in most countries
Some of our clients often believe that notaries work the same as they do in their own country. But this is often not the case in Spain. Ask your lawyer before starting any procedure.
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Mistakes when you buy a house in Spain
When buying a property in Spain, the best thing to do is consult a lawyer specialised in Spanish Real Estate. They can guide you through the whole process and help you avoid the following pitfalls:
Not committing to the reservation of the property without due diligence
One of the most common mistakes we see, is that many people do not request the due diligence of the property before the purchase.
Not having the Property Registration Certificate (Nota simple)
Another mistake is to buy without a PRC (nota simple), this certificate confirms the name of the current owner, if there are any outstanding debts on the property, etc. For example, if an inheritance has not come to fruition, the process will take longer (3, 4, 5 or more months) before you can obtain the property.
Disregarding the paperwork
In Spain it is very important to start the paperwork as soon as possible for any purchase or sale to be completed. If not done promptly, it could lead to delays and potential issues with complex government procedures and appointments.
Consult a lawyer before signing any document
It is very important to verify any document with your lawyer before signing, this will ensure that the contract is on the best terms possible.
Not knowing the real or legal owner of the property you’re buying from
It is necessary to make an exhaustive search of data to check if the owner is reliable or not, it is a lot of money that you are going to spend on your property, it is better to know as much as possible.
Do not lose contact with your lawyer
Before doing any works on your new house, modifications and so on, it is recommended to get advice from the lawyer who managed your purchase to see what future implications you may have, what permissions you need and not to take certain things for granted.
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Tips for moving to Spain: Embrace your new adventure
Moving to Spain involves more than just logistics; it’s about embracing a new lifestyle. Let’s explore some additional tips to enhance your transition and make the most of your relocation experience.
1. Understand Local Transportation
Spain boasts an extensive transportation network. Familiarize yourself with local buses, subways, and train systems. Moving around efficiently will help you discover your new home faster and integrate into daily life effortlessly.
2. Explore Financial Options
Beyond opening a bank account, research other financial services available to expats. Consider consulting with a financial advisor to optimize your savings and investments according to Spanish tax regulations.
3. Discover Local Cuisine
Spain is a culinary paradise. Venture beyond typical tourist spots and explore traditional markets and local eateries. Embrace the diverse flavors, from paella in Valencia to tapas in Madrid, and immerse yourself in Spain’s food culture.
4. Embrace Local Festivities
Engage with Spain’s vibrant festivals, which are an integral part of its culture. Participate in events like the Carnival in Cádiz or the Feria de Abril in Seville. Experiencing these celebrations will enrich your understanding of local traditions.
5. Navigate Healthcare Options
While sorting out your health insurance, familiarize yourself with nearby healthcare facilities. Establish connections with local healthcare providers for a seamless adaptation to Spain’s healthcare system.
6. Build a Social Network
Integrate into your community by joining local clubs or interest groups. Shared hobbies can foster friendships and provide invaluable support. Platforms like Meetup or Facebook groups can connect you with like-minded individuals.
7. Consider Biometric Registration
For prolonged stays, registering biometrics at Spanish immigration offices may become necessary. Stay informed about evolving regulations and complete any required biometrics registration to ensure compliance.
These tips can enrich your process of moving to Spain, offering deeper insights into this dynamic country. By embracing local customs, you can transform your new life in Spain into an exhilarating journey filled with growth and adventure.
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