Residency and Tax

USEFUL HINTS FOR
RELOCATING IN SOTOGRANDE

RESIDENCY AND TAX

ONCE IN SPAIN
RESIDENCY AND TAX

The proverbial minefield!  We recommend that you research the financial implications of your move, or obtain legal advice. ASSIST can introduce you to tax and legal advisers.

Once you have been in the country for 183 days, you will be considered as a resident for tax purposes. As always, things change all the time, so it is strongly recommended that you seek legal advice.

There are, however, many advantages for taking residency if you intend staying here long term. Please also remember that laws are not necessarily the same throughout Spain.

If this is the first time you have worked in Spain, you must obtain your own Social Security membership number. You can arrange this yourself or your company can do it on your behalf. You must produce the following at the Social Security office in order to be issued with the card:

  • Application form (TA-1)
  • Identity document

You will then be given a Tarjeta de la Seguridad Social (Social Security Card), which must be presented at the corresponding health centre in order to be assigned to a doctor and obtain a Tarjeta Sanitaria (health card).

tax-2

INSURANCE

It is critical to determine the exact insurance requirements and availability; limits vary widely throughout the world. ASSIST is partnering with International insurance brokers for house, car, health, school fees and life insurances with competitive rates and coverage.

BRINGING YOUR OWN VEHICLE

You may drive a foreign registered car for a maximum of 6 months in Spain. After that, you need to transfer to Spanish plates, or you are liable to fines and possible impounding of your vehicle and there are regular roadblocks looking for violators. There is also a shared database with other EU countries, so the police can also check the status of your registration and MOT.

There are taxes imposed for importing cars into Spain, and then for re-registering the vehicle. These can be fairly hefty, depending on where you are importing from, and you are advised to research this before making a decision.

Further information from:

BUYING OR LEASING A NEW CAR

Buying a new car in Spain is quite straightforward, although you must have an NIE and have proof of registration on the “padron”.

ASSIST is working on special offers with car dealers from most major car companies to get better conditions, discounts, services or privileges.

VEHICLE INSURANCE

Anyone planning to operate a vehicle internationally will need to ensure they have the correct insurance. Requirements vary among countries; so select an insurance provider with the expertise and resources to ensure the policy is appropriate or contact a local insurance broker through ASSIST.