Do I Need An Nie To Buy A House In Sotogrande?by Liz Seyi Digital marketing manager
If you have spent any time at all contemplating the range of current Sotogrande property for sale with a view to purchasing, you are likely to have come across the term ‘NIE number’, and references to the requirement to obtain one in order to buy property in Spain.
So, the short answer to whether you will need an NIE number if you are to purchase a home here, is yes. But what else should you know about what it is, and the process of obtaining one?
Introducing the NIE number
The acronym ‘NIE’ stands for ‘número de identidad de extranjero’, which translates as ‘foreigner’s identification number’. It is a tax identification code that all foreigners living in or owning a property in the country are required to have, whether they are a resident or non-resident.
For carrying out any legal, financial, professional or social affairs in the country, including working, paying taxes and buying property, you’ll need to have an NIE number.
Citizens of the European Union (EU) are required to obtain this number within three months of their arrival in Spain, while those from outside the EU will usually receive their NIE number at the same time as their Spanish residency is confirmed.
When do prospective property owners in Spain need to obtain an NIE?
If you are looking to purchase Sotogrande property for sale, you will need to have an NIE number by the time of ‘escritura’, which is when you sign the deeds of purchase before a notary.
To ensure that you obtain your NIE in time for escritura, you are urged to apply at least a month in advance if you will be doing so in person in Spain, and at least two months in advance if you are applying via a consulate in another country.
Unfortunately, Spanish bureaucracy can be complex and confusing, with the regulations often being interpreted in different ways in different parts of the country. Add to this such factors as the time of year you apply and how much demand there may be for this service at that time, and it is difficult for us to give any indications as to how long it may take you to obtain an NIE.
What’s involved in applying for an NIE?
There are three broad ways to apply for an NIE number – in person in Spain, in person via a Spanish consulate abroad, and through a representative in Spain.
The exact requirements and process will vary depending on which of these routes you take, and the rules are liable to change over time without warning.
That’s all the more reason to do your research thoroughly in advance, and to not automatically trust the current accuracy of everything you might read about the process online.
Start your search for the most desirable Sotogrande property for sale today
While the process of obtaining an NIE number for your new life in Spain may be bewildering and even occasionally frustrating, the same thankfully cannot be said of the process of searching for great Sotogrande property deals on the website of Property Sotogrande.
Simply use our convenient search functionality now to discover the latest listings from multiple leading estate agents in Sotogrande. That way, you’ll be able to start your exciting journey to actually living in this wonderful part of the Costa del Sol so much sooner!
Created on Jan 16th 2021 01:19. Viewed 163 times.