abogados · lawyers · rechsanwaelte

In Spain, there are no restrictions for foreigners or non-residents in Spain to buy or sell a property, even though they have to comply with their tax obligations, depending on whether the person who is obliged to pay the tax is resident in Spain and whether it is a new or second-hand property.

In practice, it is common for family or friends to lend each other money without making a written record of such lending or of the time it takes to repay it. In these cases, the amounts must be returned to the lender from the moment it is required by the borrower, unless a time limit for repayment is deducted.

The Spanish Law imposes on administrators of capital companies the duty of diligence and good management in their position imposing a series of situations under which the Administrator will respond with his personal assets if he breaches said duties.

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