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Why we should plan for retirement
Retirement is a period of life in which we shall find ourselves in a situation of higher vulnerability than in earlier phases. The more precise our objectives are, the better we will be able to plan for retirement. Certain contingencies are more likely to arise, such as sickness or circumstances of reliance, and it is…
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Do I have to declare foreign assets in Spain if I am a Spanish resident?
In 2012, Minister Cristóbal Montoro created the Model 720 of the Tax Agency, which made it compulsory to declare foreign assets abroad with the aim of fighting against fraud. This model was approved by Order HAP/72/2013, of January 30, which approves model 720, informative declaration on assets and rights located abroad, referred to in the…
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Golden Visa Portugal: new rules in force from 2022 onwards
Amendments to the Golden Visa Portugal program have taken effect on January 1, 2022. Limitations on the locations of investment properties, as well as a greater investment requirement for specific investment routes, are among the modifications. The cost of applying for a golden visa through a property transaction will not change, which means that the…
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Change of tax residence to obtain a better taxation
It is an obligation or duty to pay the required taxes of the country one has decided to reside in and important for foreigners and non-EU citizens to know what taxes they need to pay in his tax residence. There are two definitions of taxpayers. Natural person is a human individual capable of assuming obligations…
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The benefits of living or investing in Madrid
The rise in worldwide political instability, owing to trade disputes between China and the United States, the United Kingdom’s withdrawal from the European Union, and the emergence of wars in Latin America, makes Spain, particularly Madrid, an attractive investment target. Since 2015, growth has been approximately 3.0% of GDP, and while estimates for next year…
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