Larraín Nesbitt Lawyers is a Marbella-based independent law firm specialized in property conveyancing, taxation, litigation, probate and succession. Expert native English-speaking lawyers and economists blend legal and practical advice providing tailored assistance on your matter. Our range of services cover the greater Marbella area, Sotogrande and Costa del Sol.


The firm focuses advising foreign investors on acquiring residential property in Spain both from a legal and fiscal point of view. Our no-nonsense approach to business coupled with our commitment to clients ensures easy-going transactions. We pride ourselves in putting our clients’ interests at the forefront of everything we do.


Larraín Nesbitt Lawyers, your legal partner in Spain.

Last Article:

Relocating to Spain? We offer a wide range of Immigration & Residency services

Raymundo Larraín Nesbitt, December, 30. 2019

Lawyer Raymundo Larraín explains the Immigration & Residency services available from Larrain Nesbitt Abogados (LNA).

Marbella-based Larrain Nesbitt Lawyers has over 17 year’s taxation & conveyancing experience at your service. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain. You can review here our client’s testimonials.

Article copyrighted © 2019. Plagiarism will be criminally prosecuted

 

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
8th of January 2020

 

Introduction

Are you planning to relocate to Spain?

Larrain Nesbitt Lawyers offers a comprehensive range of residency services making us a one-stop provider for all your immigration & residency needs.

From something simple as attaining a NIE number, to open a bank account, or even buying your house in Spain, we have all your needs covered.

On hiring one of our immigration services, our company assigns you an in-house residency specialist that will handhold you through the entire admin procedure. We offer all the following immigration & residency services, from standalone services to all-inclusive immigration family packages.

All residency services featured below available only on the Costa del Sol.

 

I. Spanish Residency

 

1. Non-EU nationals

  • Golden Visa Service

This is a privileged fast-tracked visa that rolls the red carpet and grants the right to work & reside in Spain for the investor, and his family (including dependent parents), allowing unfettered travel across Europe´s Schengen Area. The investor has the right - but not the obligation - to reside in Spain. Which paves the way to not be regarded as tax resident in Spain. As an example, your spouse and underaged children may live, study (and work) in Spain whilst the main investor resides outside of the EU taking care of business and being considered for tax purposes as non-resident. In other words, and in plain English, attaining a Golden Visa does not preclude your tax residency in any way; which is of particular interest to HNWIs and UHNWIs.

This visa greatly streamlines the standard residency procedure cutting out all the red tape and greatly reducing the application time frame. For affluent non-EU investors, this is hands down the residency option that should be pursued if money is not an issue.

To qualify, you can either buy a house in Spain (cheapest and easiest option), deposit a large sum of money in a Spanish bank account (also known as Wealth visa) or become an entrepreneur investing in a major project. The initial application is for two years and following this you can renew it for a further 5 years. You may then apply for permanent residency that can lead to citizenship, at your choice.

Since its launch in 2013, we have achieved a 100% application success rate.

More on this service: Golden Visa Service

 

  • Non-lucrative permit

The non-lucrative residency permit allows you to stay in Spain for a period of 1 or 2 years (as it is a temporary residency authorization), plus renewals. The first and the second renewal last two years. At the time of applying for the third one, you may apply for the long-term residency in Spain. In case you apply for the long-term residency, you should renew it every 5 years.

As it has a non-profit nature, it does not allow you to engage in any professional activity or employment. You are required to be self-supporting, having your own means to live. If you are able to prove that you have enough funds to this end, and that your stay in the country won’t induce government expenditure, you will qualify for this permit.

More on this service: Spanish Residency: non-EU nationals - non lucrative permit

 

  • Lucrative permit

As its own name implies, this permit allows the applicant to work in Spain as you will be self-employed. This residency applies to someone who is looking to set up his own business in Spain. Typically, you will be acting as director or company administrator. Needless to say, one of the key requirements is that you will have enough means to be self-supporting both for yourself and your family.

Outlining and submitting a sound business plan is required by the Spanish Authorities. You will be required to work in the business plan which is submitted. You can either set up a new business or else take over an existing business. Renewals of this type of permit are guaranteed so long as the business is making a profit and money is not owed to either the Social Security or Spanish Tax Office.

As stressed, devising a professional business plan is paramount to the success of this application; LNA can assist you both devising one, to meet their stringent expectations, as well as attaining the residency permit itself.

This permit allows the investor's family to live and study in Spain (but not to work).

More on this service: Spanish Residency: non-EU nationals - lucrative permit

2. EU-nationals

  • Residency. All expats that spend over 3 consecutive months in Spanish territory, within a rolling six-month period, must apply for residencia, by law. If you remain in Spain after 3 months, without attaining residency, you may be regarded as an illegal alien and may even be subject to deportation to your home country. Additionally, all expats who are not registered will be stripped of a series of EU rights and entitlements. At LNA we can assist you, and your family, to attain Spanish residency fast and cheaply.

 

More on this service: Spanish Residency: EU nationals

  • Healthcare. We can homologate your national EU healthcare with Spain’s Social Security so you can benefit from your acquired rights in Spain in equal footing. This is particularly advantageous for senior citizens allaying their healthcare fears on living in a fellow EU member country.

 

More on this service: Social Security Homologation

II. Spanish Nationality

We also offer a specific service for those seeking to apply for Spanish nationality.

A Spanish passport is amongst the top 5 in the world following the prestigious annual ranking elaborated by Arton Capital and Henley & Partners (Henley Passport Index). It allows unfettered access to 187 countries without a prior visa (out of 195 countries worldwide).

More on this service: Spanish Nationality

 

III. Other Non-Resident Services

  • NIE number

This is a tax identification number for non-residents that is required to pay taxes in Spain and carry out almost any administrative procedure, including renting or buying property – simply essential.

  • Opening a bank account in Spain
  • Exchanging your driving licence
  • Finding a reputable estate agent
  • Finding a competitive exchange rate company
  • Arranging a mortgage loan
  • Conveyancing (buying or selling property)
  • Contract-drafting
  • Litigation
  • Spanish wills
  • Inheritance (probate & succession)
  • Setting up direct debits for taxes, rates and utility supplies (water, electricity etc)
  • Attain a Tourist licence for holiday rentals in under 24 hours (only Andalusia)
  • Wealth planning
  • Holiday rentals taxation
  • Non-resident taxation
  • Company incorporation
  • Off-the-shelf companies
  • Etc.

 

Conclusion

If you plan to relocate to Spain, Larraín Nesbitt Abogados has over 17 years’ experience assisting expatriates. Calls us and one of our friendly staff will guide you through the wide range of immigration and residency services available from us.

Our client’s testimonials, collated over the years, are truly our best business card and a testimony to our team’s good work.

 

"Always follow your own heart and go your own way.Marie Fredriksson

Marie Fredriksson (1958 – 2019). Was a Swedish pop singer, songwriter, pianist and painter. She is best known as the lead vocalist of the duo Roxette, alongside Per Gessle. The duo achieved international success in the late 1980s and early 1990s. Their classic hits became staples of Hollywood's most romantic movies of the time (i.e. Garry Marshall's iconic Pretty Woman). They rank, along with ABBA, as one of the all-time best Swedish pop bands. For 17 years she would wage a relentless battle against brain cancer, finally succumbing on the eve of 9th December 2019. She would not allow cancer to define how she lived and always went her own way. 

 

Larraín Nesbitt Lawyers, small on fees, big on service.

Larraín Nesbitt Lawyers is a law firm specialized in conveyancing, inheritance, taxation, and litigation. We will be very pleased to discuss your matter with you. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88 or by completing our contact form.

Immigration & Residency services available from Larraín Nesbitt Lawyers

 

Related articles

 

Article also published at Spanish Property Insight: Relocating to Spain? Immigration & Residency services

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.

2.019 © Raymundo Larraín Nesbitt. All Rights Reserved

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Last Blog Entry:

How to buy and sell property in Spain other than in euros

Raymundo Larraín Nesbitt, January, 7. 2020

Marbella-based Larrain Nesbitt Lawyers has over 17 year’s taxation & conveyancing experience at your service. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats all over Spain. You can review here our client’s testimonials.

Blog post copyrighted © 2019 and 2020. Plagiarism will be criminally prosecuted.

 

By Raymundo Larraín Nesbitt
Lawyer – Abogado
7th of January 2020

A question we frequently get asked is if you can buy and sell property in Spain in a currency other than euros. Short answer is yes, and in fact it is done fairly frequently. I’m going to write a daft little example which in truth happens all the time.

Imagine the case of a British seller who wants to sell up and return to the United Kingdom. He finds a fellow British interested in buying his Spanish property. Normally, a buyer needs to change over his sterling pounds into euros, buy the house, and then the seller would need to change again the euros into sterling pounds when he heads back to the UK. If both buyer and seller are ill-advised, they are going to pay steep commissions for the privilege of changing back the sales proceeds from one currency to the next and then back again. In truth it would make no sense in this particular case. Surprisingly, many buyers and sellers make this grievous mistake because they have not taken proper legal counsel.

In this particular scenario, it makes sense that the property is acquired and paid for only in pounds. Thus, cutting out all the pesky exchange rate commissions not to mention the risk of fluctuation rates. The Spanish Notary will have no qualms to witness the conveyance in the mutually agreed currency (sterling pounds). Your lawyer must add a few pointers to the deed to make it happen, otherwise the transaction will not be accepted by either the Spanish Tax Office or the Land Registry.

Notwithstanding the above, all property-related taxes need to be calculated and paid for in euros, granted. But that is only blatant. What matters is that the bulk of the operation can go forward in your chosen currency without losing a great deal of the proceeds along the way in middlemen, exchange rate commissions and bank charges. On doing this, both parties stand to save between 2 – 5 % of the sales proceeds, let alone avoiding FX currency fluctuation risks. Not bad at all, eh?

 

Legal services available from Larraín Nesbitt Lawyers

 

Conveyancing-related articles

Buying distressed property in Spain – 8th August 2011
Buying resale property in Spain – 21st February 2013
Buying off-plan property in Spain – 8th of June 2013
How to buy commercial property in Spain – 4th July 2014
How to buy rural property in Spain – 8th August 2014
How to Buy Property in Spain Safely – 10th October 2014
House Hunting in Spain – Interview with The New York Times. June 2015
Buying property in Spain from a private seller (Resale Property) – 21st of February 2017
Buying property in Spain from a developer (Off-Plan Property) – 8th March 2017
How to inspect an off-plan property overseas – Q&A with The Sunday Times. July 2017
Buying property in Spain – 10 reasons to hire a lawyer – 8th November 2016
8 Tips on Buying Off-Plan in Spain – 8th June 2018
Tax advantages on becoming resident in SpainThe Address magazine (pages 358 - 373). December 2018
Taxes on buying Spanish property – 8th December 2018
Do’s and don’ts on buying property in Spain – 8th April 2019
8 tips on buying a home in Spain – 8th June 2019

 

Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.

2.019 and 2.020 © Raymundo Larraín Nesbitt. All Rights Reserved.

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Last Press Entry:

Renting in Spain? Five clauses you should be mindful of

Idealista, December, 21. 2019

Idealista is Spain's leading online property portal, ranking number one.

It was founded in 2000 by three partners, brothers Mr. Jesús and Fernando Encinar, and by Mr. César Oteiza. It offers millions of properties for rental and sale in Portugal, Italy and Spain.

Following Nielsen audited ratings, it has over 144 million pages visited every month, 5 million unique users, 300 employees and an annual turnover of over €40mn.

Idealista kindly published our article in exclusivity on their website: 'Renting in Spain? Five clauses you should be mindful of' in eight languages, no less!

English    French     German    Italian 

Polish     Portuguese   Romanian   Russian

 

 

 

 

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