Page 21 - A guide to buying a new property in Valencia

A Guide to buying
COMMUNITYOFVALENCIA
new property in the

Foreigners Identi cation Numbers (NIE)
9.

It is obligatory for non-resident property owners and investors to obtain

a Foreigners identi cation number. This number is used to identify the

individual taxpayers. It is becoming more common for the authorities to

ask to have sight of this when dealing with banking matters, importation

of furniture or vehicles, or for taking permanent residence in Spain.

The application is a relatively simple procedure if you are in Spain. A

form must be completed and presented at the local police station with

the applicant’s passport and two passport-sized photographs. In many

parts of Spain the police authorities require the application for these

identi cation numbers to be made by the interested parties personally.

Banking , Outgoings and Direct debits
10.

It is advisable to open a current account at an early stage of the

transaction. This will prove to be useful at a later stage to set up direct

debits for payment of regular outgoings on the property such as Rates,

water electricity and where applicable community of owners fees.

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