NIES NUMBERS: By law all foreigners who have assets in Spain must have an NIE. This is your reference number with the Spanish Inland Revenue and you need it to complete your annual Income Tax and Capital Gains Tax returns. It is also essential when you open a bank account, buy or sell property, apply for a loan or mortgage, or even take out an insurance policy. Spanish Notaries are now insisting that non-resident purchasers produce an NIE certificate before they will allow them to sign the completion contracts. If you do not have an NIE this can cause unexpected delays to completion at the last minute
*Please, go to our Conveyancing Guide for further info. CLICK HERE

NOTARIO (NOTARY PUBLIC): A Notario is an official of the State who makes sure that the formalities associated with the purchase are properly complied with. He/She puts on record the fact that the title deed recording the sale/purchase… has been signed on his/her presence and understood by the parties concerned.