If you want to buy a property in the Spanish territory and you do not have a residence permit, there is a key document that you will need to be able to complete the process: the temporary or non-resident NIE
It is a common scenario for foreigners to decide on purchasing property in Spain without the intention of residing in the country. Instead, the purpose is often investment-oriented, aiming to generate recurring income through rental or subsequent sale of the property. In such cases, where the individual does not plan to become a legal resident in Spain (remaining in the country for less than 183 days a year), a specific type of NIE known as the non-resident or temporary NIE becomes crucial for the transaction.
It’s worth noting that through the acquisition of a property in Spain, particularly if the property’s value exceeds 500,000€, the foreign buyer becomes eligible for a residence permit commonly referred to as the golden visa. This permit grants the individual the right to reside and work in Spain and also allows for the inclusion of family members.
The process to obtain a non-resident NIE for purchasing a house is straightforward and can be carried out either within Spain or from your country of origin.
Regardless of the location, the initial step involves demonstrating a valid reason for applying for this identification number. The intention to buy a property serves as sufficient justification. However, you must substantiate that you are actively engaged in the property acquisition process.
This can be achieved through:
Pre-sales Agreement: Present a signed pre-sales agreement with the property seller.
Notarized Deed: Provide a notarized deed expressing your explicit intention to purchase.
Once you possess either of these two forms of documentation, you can proceed to the subsequent phase of the application process.
As highlighted earlier, obtaining the NIE for property purchase is a swift process, typically finalized on the same day as your appointment. However, it is crucial to recognize that the sale cannot be concluded without this number, making careful consideration of deadlines essential.
For optimal planning, our office strongly advises that you apply for your temporary NIE as soon as you decide to purchase a property in Spain. Delaying the application until you've identified the specific house or apartment you wish to buy can be risky and may impede the smooth progression of the process.
Additionally, bear in mind that the validity of the temporary NIE is limited to 3 months. Once obtained, it becomes imperative to expedite the overall process to ensure it is completed within this timeframe and avoid any complications.
Indeed, the terms 'identity number for foreign nationals' (NIE) and 'identity card for foreign nationals' (TIE) are distinct but can cause confusion. Here's a clarification of each:
NIE (Número de Identificación de Extranjero): The NIE is a unique and exclusive identification number used for administrative purposes to identify foreign nationals with Spanish state institutions. This number is crucial for various transactions and activities, such as property purchases, opening a bank account, or legal processes. The NIE is present on all official documents identifying a foreign national.
TIE (Tarjeta de Identidad de Extranjero): The TIE is a physical identification card, recently updated to enhance security against counterfeiting. It is issued to non-EU nationals authorized to stay in Spain for more than six months or to all foreign nationals with a long-term permit. The TIE contains a chip that stores biographical data and images of the holder, along with the NIE. Additionally, it indicates the type of authorization for the stay or residence of the foreign individual.
In summary, while the NIE is the unique identification number, the TIE is the physical card that non-EU nationals receive, incorporating the NIE, to serve as proof of their identity and legal status in Spain.
Investing in a property in Spain isn't just about embracing a superior quality of life graced by stunning coastlines and rich historical cities. It's also a gateway to tapping into the burgeoning real estate market, promising potential investment returns. All of this is enveloped in a hospitable and expat-welcoming ambiance.