THE PROCESS OF BUYING & SELLING

REAL ESTATE IN SPAIN

CONTENTS

Who Are Orience International Eight Pillars of European Union

What We Offer Travel in Europe
Packages Residence Visa for Investors
The Process of Buying Real Estate in Spain Conditions for Obtaining Residence
Step-by-step breakdown Residency Authorization
Advantages for Investing in Spain

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 WHO ARE ORIENCE INTERNATIONAL?
We are the hosts of the real estate market for foreign investors.

The real estate market in Spain is a booming sector, especially in cities like Barcelona and Madrid. In this framework of great
opportunities, it is essential to rely on professionals who are experts in this sector, who can open the doors for us. Moreover,
the support and collaboration and local knowledge that our professionals can provide is invaluable. We can shine light on
how the city works at all levels, such as the distribution and operation of each zone, the legislative framework, procedures,
equipment, services, customs, leisure and culture, languages and other facilities.

The close care of Orience International is at your side, guiding you through the entire process of the investment project, our
support and professionalism contributes security, ensuring the process is as stress-free as possible.

Orience works as an intermediate. Our goal is to eradicate any risk and protect those who decide to invest in Spanish Real
Estate. We know firsthand the needs of the foreign investor and all the necessary aspects of the place where they want to
invest. We offer a personalized and transparent integral attention to international investors, ranging from the advice to the
completion of all the necessary steps. We are specialists in obtaining the GoldenVisa.

However, our greatest value lies in the ability to understand the client, being available for what he needs and to ensure
comfort. In short, taking the human factor into the context of foreign investment.

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 WHAT WE OFFER
ADMINISTRATIVE
PROCEDURE:
Management of all and every step of the
bureaucratic processes necessary to realize
an investment. From the opening of bank
account,application of the NIE, processing of
documentation related to compliance, and
processing and obtaining the GOLDEN VISA.
ECONOMIC
ADVICE:
Oriol Molas, General Manager and economist
of recognized prestige with a long international
career specialized in foreign investment
analyzes, advises and supervises all and every
one of the operations.
INTERNATIONAL
JURISTS:
Is a global legal network of independent and
local law firms which provides legal services
through our international network of lawyers
worldwide. This allows us to replicate each
and every one of the services we offer in
other countries.
orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
LEGAL AND TAX ADVICE
AND ASSISTANCE:
We are part of the prestigous the law firm
Gimenez Salinas, which is part of the network
of independent lawyers International Jurists,
and has the best professionals specialized in
tax, commercial, civil, to give support to all the
queries of our clients.
TO ADVICE AND SUPPORT
IN BUYING PROPERTIES:
The team of Orience International offers
properties suitable for each client according
to their preferences. We work with the best
real estate companies in the sector and we
accompany and advise on any investment.
100% ADAPTABILITY TO THE
NEEDS OF OUR CLIENT:
Each client is different, unique and
Orience International team will handle all
your needs. Ask about our package,
we have a specific solution for every need.
 PACKAGE

GOLDEN PACK:
Purchasing Property & Obtaining Residence
It includes:
• Assistance on the preparation of all the compliance to open a bank account in Spain.
This account is necessary to group all the means of payments for the purchase of the property.

• Legal Due Dilligence of the property they will want to buy.

• Empowerment to sign the final deed and manage the account.

This way they do not need to come back to Barcelona.

• Local tax declarations.

• Applying for the NIE (through powers)

• Assistance on the preparation of all the compliance to open a bank account in Spain.

• Once the deed is signed, we prepare the documentation to apply for the residence visa that will last one year.

• After one year, we give assistance to apply for the authorization of residence that will last two years.

• It does not include any charges from notary, property registry or translators.

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
THE PROCESS OF BUYING AND SELLING REAL ESTATE IN SPAIN
In Spain, there are no restrictions on property rights. Non-EU citizens own property with the same rights as Spanish citizens.
These are the documents that must be obtained by a non-resident who wants to own a home in Spain:

• Valid passport of the country of origin: In the case of foreigners, not members of the EU, for entry into the territory of Spain
it is necessary to obtain a visa, which can be formalized at the Consulate General of Spain. The visa is not essential for the
purchase of the property.

• Foreigner Identification Number: The Foreigner Identification Number (N.I.E), is a personal, unique and exclusive number
of sequential nature, granted by the Foreigners Office. This number does not enable you to reside in Spain, but it is
essential to carry out any economic transaction such as buying a house, establishing a business, buying a car or for
any administrative application form inherent to the foreigners’ office. This process must be done in a police station, and
Orience accompanies it´s clients during the process giving all the necessary support to obtain it.

The order of formalization of the sale of real estate is as follows:

1. SIGNATURE OF 1. S
 ignature of the preliminary agreement between the seller and the buyer,
THE PRELIMINARY which includes the reservation of the property, its characteristics, the price of the
AGREEMENT latter, the payment method and the indicative date of deed. After the signing of
the preliminary agreement, the buyer usually pays the seller an amount in the form
of a deposit.

2. R
 equest of N.I.E. (And opening of the Bank Accounts, if necessary). After the
conclusion of the preliminary agreement, the buyer (non-resident of Spain) must
formalize the process in the local police the The Foreigner Identification Number (NIE),
2. REQUEST which will be necessary in the future for the registration of the record of the purchase
OF N.I.E. of the property and the payments of the taxes. To sapply for the NIE is not necessary
to request appointment and it takes a week to be able to pick it up. Generally this
process is carried out by a professional office through a power of attorney for the
convenience of the client.

3. T he signature of the deed. In the existence of the means of payment on behalf of

the buyer (or the mortgage credit, approved by the bank and accepted by the
buyer) the date for signing the deed (ie the purchase certificate) will be fixed. In
3. SIGNATURE
the presence of the notary, the buyer (or the representative of the bank) pays the
OF THE DEED resulting part of the cost of the real estate, the necessary taxes and associated
expenses. The deed is signed and the keys of the property are received. Generally,
the deed is signed 60 days after the preliminary agreement.

4. T he registration of the property. After signing the deed, a copy is sent to the Property
Registry of Spain. The registration usually takes a month. Once the dwelling is
4. REGISTRATION OF registered, the bank proceeds to the return of the excess provision of expenses
THE PROPERTY and, the, now owner of the dwelling, can request the Note to the Registry, which
will be necessary for the reception of the visa. Obtaining the registration note takes
approximately one week since you request it.

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 STEPS THAT NEED TO BE FOLLOWED
Due to the distance between your country of origin and Spain, we know that it is difficult to make different visits to Spain
for the acquisition of property. To avoid having to make several visits to the country, we recommend giving powers to our
professionals to perform the following steps:

Signature,
if applicable, of service and down
payment contracts. In the annex we
attach a model of both contracts.

Granting of powers before a notary:

grants the powers described to our
professionals. The power automatically
extinguishes after nine months have elapsed.

Application of N.I.E.
in your name

Opening & managing the bank accounts,

if necessary
it might be necessary to open a bank account
in your name in a local entity to request bank
checks for the payment of the home.

Sign the purchase

of the property in your name

Represent them before the authorities

to settle the taxes generated by
the operation.

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 ADVANTAGES OF INVESTING IN SPAIN
Enjoy the many advantages of investing in Spain and in the EU.

THE CITIES QUALITY OF LIFE TOURISM

Spain boasts some of the most
popular cities in the world for
tourism. Madrid, Barcelona,
Granada and Seville see millions
of visitors every year. The Brand
Barcelona is nowadays the 6th
most valuable brand in the world.
Spain is also home to the Balearic
and Canary Islands with year round
tourism and beautiful sandy beaches.
Spain ranks tenth in the Health
& Well-Being subcategory of the
Quality of Life Index, thanks to
various factors. According to the
European Cities Monitor, Barcelona
is the Best city in terms of quality
of life for Employees. This has
happened for the last 14 years, and
the title will probably be held for
many more to come.
Spain is one of the most popular
tourists destinations in Europe, with
it´s number of visitors rising every
year. Barcelona is the 5th most
visited city.
It has become a European
referent in terms of touristic
destination and shopping,
and attracts travellers from around
the world.

INVESTMENT EDUCATION DEVELOPMENT

Spain is a very attractive
investment destination, the
economy is growing and
Barcelona stays one more year in
the top 10 in the world in terms of
international investment.
Nowadays the real estate sector
keeps representing one of the
best opportunities for investors.
Spain has an excellent education
system with the international
community that enjoy a number
of multilingual schools to pick
from for their children. Barcelona
is an education hub with 28
international schools, and 2 of the
Top 10 Business Schools in Europe,
24 Universities, and
159 schools.
Spain is known for hard work on its
financial and urban development.
In Barcelona, colossal projects like
Eixample in the past or
22@ have boosted the city’s
economic efficiency.
It has constantly gained appeal
and wealth, and any
investment increases
value over time.

HAVE FUN! TRANSPORT

Spain offers the best football league in the world, it´s
full of art, architecture, luxury shopping, museums,
aquariums, historical buildings, modern bars, amazing
cuisine, sandy beaches, parks... to name a few things,
come and discover it by yourself!
Madrid’s commuter system, operates punctual and
efficient trains. Barcelona has one of the best public
transport systems in Europe. El Prat airport hosted more
than 50 million passengers only in 2018, with a 11%
increase in international passengers.
 EIGHT PILLARS OF EUROPEAN UNION

QUALITY OF LIFE • SAFETY • HEALTH • EDUCATION • PROXIMITY • CULTURE • EURO • CHILDCARE

Europe has become truly one of the most desirable places in the world to live or visit. The EU has been
investing for decades in a solid health and education systems that enhance nowadays a healthy and
strongly dynamic population.

It is also the first touristic destination in the world in terms of travellers per year. Different civilizations have left
an amazing heritage shaped in its castles, old cities, gastronomy, architecture, art and other wonders.

Nonetheless, with more than 512 million people, 28 countries and 22 languages, it offers a multi-cultural,
economic and political scenario that enhances financial opportunities, as well as marvelous places to live
or travel.

The close proximity of the countries conforming the European Union makes any logistics, trips or tourism a
matter of hours, since most of its territory is connected with an extensive network of High-Speed train, and
hundreds of airports.

According to United Nations, Spain has the highest life expectancy at birth among European Union nations,
and trails only Japan and Switzerland globally. Spain by 2040 is forecast to have the highest lifespan, at
almost 86 years, followed by Japan, Singapore and Switzerland.

The European Union offers an unbeatable background for your investment.

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 WHERE CAN I TRAVEL?
With the golden visa you can can travel to any
of the countries marked in blue.

ICELAND FINLAND

NORWAY

NORTH SEA SWEDEN

ESTONIA
BALTIC SEA

LATVIA
DENMARK

LITHUANIA

LUXEMBURG

IRELAND
DS
BELARUS
UNITED
POLAND
N
LA
KINGDOM ER
TH
NE GERMANY
BELG
IUM
CZECH
REPUBLIC UKRAINE
SLOVAKIA
M

AUSTRIA
OL

HUNGARY
DO

FRANCE
VA

SWITZERLAND

SLOVENIA
CROATIA ROMANIA
ITALY BOSNIA AND
HERZEGOVINA
ANDORRA
SERBIA
LIECHENSTEIN
BULGARIA
MONTENEGRO
MONACO
MACEDONIA
UGAL

ALBANIA

SPAIN BLACK SEA

PORT

GREECE

MEDITERRANEAN
SEA
MALTA

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 RESIDENCE VISA FOR INVESTORS
The applicable regulations

• Law 14/2013, 27th September, of support for entrepreneurs and their internationalization.

• Organic Law 4/2000, 11th January, on rights and freedoms of foreigners in Spain and their social integration.

• Royal Decree 557/2011, April 20th, which approves the Regulation of the Organic Law 4/2000.

VISA:
1 YEAR
Granted in the Spanish Consulate

AUTHORISATION:
2 YEARS
Granted in the Unit of Companies in Spain
TIE Spanish Identity Card

RESIDENCY AUTHORISATION:
5 YEARS
Granted in the Unit of Companies in Spain
TIE Spanish Identity Card
As long as the investment is maintained

PERMANENT RESIDENCY RENEWABLE

Requirement: Investment maintained
to live continuously
in Spain for 5 years.
Not required to maintain
the investment

SPANISH NATIONALITY
AFTER 10 YEARS
Requirements:
Spanish language
and culture exams

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 GENERAL CONDITIONS FOR
OBTAINING RESIDENCE FOR INVESTORS
Those foreign investors who meet the requirements (that we will list in the following sections) may request a residence visa for
one year once the investment is made. Once the visa has been obtained, they can apply for a residence permit that has
a validity of two years and can be renewed every 5 years as long as the investment is maintained. Neither the investment
residence visa nor the authorization require residence in Spain for a minimum period to be renewable. In the case of
applying for permanent residency (validity of 5 years), a minimum period of residence in Spain must be met.

a) Not have any past immigration issues within Spain.

b) Be over 18 years of age.

c) Lack of criminal record in Spain and in the countries where he has resided during the last five years,

for crimes foreseen in the Spanish legal system.

d) Not appear as rejected in the territorial space of countries with which Spain has signed an agreement in this regard.

e) Have a public insurance or private health insurance arranged with an insurer authorized to operate in Spain.

f) Have
 sufficient financial resources for themselves and their family members during their period of residence in Spain.

g) Pay the fee for processing the authorization or visa.

The applicant can be a single person, or can apply family unit. In the case the applicant wants to apply with their family,
they must take the role of ´main applicant´ and the rest of their family members must apply as co-applicants and meet
compliance.

Family Unit
The family unit is definied as the spouse (or person with an equivalent relationship), children under age of 18, or older who,
depending economically on the main applicant, may request , jointly and simultaneously or successively, the authorization
and, where appropriate, the visa. For this, the fulfillment of the requirements foreseen in the previous section must be
accredited.

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 RESIDENCE VISA FOR INVESTORS
Non-resident foreigners who intend to enter Spanish territory in order to make a significant capital investment may apply for
a stay visa or, as the case may be, residence for investors. The granting of the residence visa for investors will constitute a
sufficient title to reside in Spain for at least one year. A significant capital investment will be understood as one that meets
any of the following assumptions:

a) An initial investment for a value equal to or greater than

a. Two million euros in Spanish public debt securities, or

b. O
 ne million euros in shares or social participations of Spanish capital companies with a real business activity, or

c. O
 ne million euros in investment funds, closed-end investment funds or venture capital funds set up in Spain, or

d. O
 ne million euros in bank deposits in Spanish financial institutions.

b) The acquisition of real estate in Spain with an investment of value equal to or greater than 500,000 euros for each applicant.

c) A business project that will be developed in Spain and that is considered and accredited as of general interest.

It will also be understood that the foreign visa applicant has made a significant capital investment when the investment is
carried out by a legal person, domiciled in a territory that is not considered a tax haven according to Spanish regulations,
and the foreigner possesses, directly or indirectly, the majority of its voting rights and has the power to appoint or dismiss the
majority of the members of its administrative body.

Residence visas for investment will be issued by the Diplomatic Missions and Consular Offices of Spain. Visa applications will
be resolved and notified within a period of 10 business days, except in the case of applicants subject to the consultation
provided for in article 22 of the Visa Code, in which case the resolution period will be as general said Code.

Effects of the visa

The granting of the residence visa for investors will constitute sufficient title to reside and work in Spain during its validity.

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000
 RESIDENCY AUTHORIZATION
Foreign investors wishing to reside in Spain for a period exceeding one year may be provided with a residence permit for
investors, which will be valid throughout the national territory.

To apply for a residence permit for investors, the applicant must meet, in addition to the general requirements,
the following requirements:

a) Be a holder of a residence visa for investors in force, or be within the period of ninety calendar days after the expiration
of this.

b) In the event of obtaining the visa through the investment in a property valued at 500,000 euros, the investor must
demonstrate that he has maintained the investment of a value equal to or greater than the minimum amount required:

The processing of residence authorizations for investment will be carried out by the Large Companies and Strategic
Collectives Unit, will contemplate the use of telematic means and its concession will correspond to the General Directorate
of Migrations. The maximum term of resolution will be twenty days from the presentation of the request. If it is not resolved
within that period, the authorization will be deemed estimated by administrative silence.

The holders of an authorization regulated in this Section may request its renewal for periods of five years as long as they
maintain the conditions that generated the right. Said authorization may be made even if there are absences of more than
six months per year.

It´s important to bear in mind that the period of preparation and translation of all the documentation to present the
application is approximately three weeks.

Article 67 Duration of residence authorization for investors

1. T he initial authorization of residencis for investors will have a duration of two years, without prejudice to what is established
in article 66.3 for purchases of non-formalized properties.

 nce this period has expired, foreign investors interested in residing in Spain for a longer term may request the renewal
2. O
of residence authorization for successive periods of five years, as long as the conditions that generated the right
are maintained.

orienceinternational.com
Barcelona Offices
c/ Balmes 209, 2º, 08006
Tel: 0034 932 184 000