BUYING A PROPERTY IN MARBELLA AS A US CITIZEN

INVESTMENT OPPORTUNITIES, BEACHFRONT GETAWAYS, RETIREMENT HAVENS

As US property specialist, we guide you through every step of buying a Spanish property, ensuring a smooth and stress-free experience.

As US property specialist, we guide you through every step of buying a Spanish property, ensuring a smooth and stress-free experience.

PROCESS OF BUYING A PROPERTY IN SPAIN
INVESTMENT OPPORTUNITIES, BEACHFRONT GETAWAYS, RETIREMENT HAVENS

This informative guide, packed with expert advice and clear explanations, is your key to a smooth and confident buying experience. We’ll help you navigate crucial considerations, understand local regulations, and make well-informed choices to transform your Spanish dream into a reality.

As a US citizen, buying a property in Marbella opens doors to stunning beaches, vibrant culture, and a European lifestyle within reach. However, navigating the process can feel daunting. This guide along with a trusted and reputable real estate agency will simplify your journey, empowering you to confidently buy property in Marbella.

01.

Reservation Contract

Secure your desired property with a reservation fee.

Lawyers confirm legal status and ownership.

Buying a property in Marbella as a US citizen

02.

Private Contract

Negotiate and finalize terms with legal representation.

Pay a non-refundable deposit (typically 10%).

Golden Visa

03.

Completion

Sign the title deed before a Notary, finalizing the transfer.

Pay remaining balance and acquire ownership.

Beckham Law

04.

Post- Purchase

Lawyers handle tax payments and register the property.

Set up utilities and local tax direct debits.

Buying a property in Marbella as a US citizen

BUYING A PROPERTY IN SPAIN

SIMPLIFIED TAX GUIDE

Investing in Andalusian property can be a rewarding experience, but understanding the associated tax and fee landscape is crucial for informed decision-making. This guide provides a concise and professional overview of key considerations for both buyers and sellers.

Whether you dream of a beachfront getaway or a sunny retirement haven, buying property in Marbella as a US citizen offers exciting possibilities. This guide removes the guesswork, providing clear steps and expert insights to make your Marbella property purchase a success.

7%

Resale

Expect a 7% Transfer Tax (ITP) payable by you, the buyer.

10%

New Development

10% VAT charged on each installment.

1.2%

Stamp Duty

Upon obtaining the Title Deed.

3%

General Fees

Remember local taxes (IBI, garbage) and potential non-resident tax declarations.

Buying a Property in Marbella as a US Citizen

SPANISH RESIDENCY

BECKHAM LAW

The Beckham Law offers a unique opportunity for qualified individuals to become residents while enjoying favorable tax benefits for their first five years. Discover lower tax rates, simplified reporting, and reduced tax obligations – all within the vibrant Spanish lifestyle.

From understanding legalities and taxes to exploring residency options, buying property in Marbella as a US citizen requires careful planning. This comprehensive guide equips you with the knowledge and tools you need to navigate every step, ensuring a smooth and rewarding Marbella property investment.

Learn more and see if you qualify!

KEY BENEFITS

You can live in Spain and be taxed as a non-resident for up to six years, meaning:

Lower Tax Rates

Your income up to €600,000 gets taxed at a flat 24% instead of the usual maximum of 47%.

Limited Tax Scope

Only your Spanish income (except work) gets taxed, not your worldwide income.

Spanish wealth

You only pay wealth tax on assets located in Spain, and you don’t need to declare your foreign assets.

REQUIREMENTS AND LIMITATIONS

Fresh Start

You can’t have been a Spanish tax resident in the past 10 years.

New Job Needed

You need a new job in Spain that justifies your move (and you have to prove it with your contract).

Mostly Spanish Income

You can’t have significant income (more than 15%) from another permanent job outside Spain.

Time is of the Essence

Deadlines for paperwork and applications are strict, so don’t procrastinate!

Buying a Property in Marbella as a US Citizen

SPANISH RESIDENCY

GOLDEN VISA

The Golden Visa program offers a compelling pathway to residency, tailored to individuals seeking investment opportunities within the European Union. Established in 2013, this program facilitates the entry and residence of non-EU residents who commit to significant capital investments in Spain.

KEY BENEFITS

You can live in Spain and be taxed as a non-resident for up to six years, meaning:

Reside and work

Gain a one-year residence permit, renewable for two years (maintained investment & periodic visits required).

Streamlined process

Experience efficient application review, often within 20-30 days.

Family inclusion

Spouse and dependent children under 18 can be included.

REQUIREMENTS AND LIMITATIONS

Non-resident Status

You cannot be a current Spanish resident.

Clean Criminal Record

No criminal record in Spain or Schengen countries.

Valid Health Insurance

Maintain valid health coverage in Spain.

Financial Means

Demonstrate sufficient funds to support yourself and family in Spain.

Investment

Fulfill one of the investment options:

  • Real estate: €500,000 minimum investment in one or more properties.
  • Financial assets: €1 million minimum contribution to Spanish companies, public debt, or bank deposits.
  • Business creation: Establish a Spanish company generating employment and significant economic impact.
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