I have an English limited company with money in it. Can the company buy a Spanish property ? I would like to rent the property for holiday lets and also use it. I am looking at the canaries and main land Spain.
The simple answer to this question is yes. An English company can buy a Spanish property.
The more complicated question which we will consider is whether 1) you should buy the Spanish property in the name of the English company or 2) incorporate a Spanish limited company and the English limited company becomes a shareholder in the local Spanish company or 3) incorporate a Spanish company and the English company loans monies to the Spanish company to buy a property.
Here to help us with this analysis is Miriem a Spanish accountant and owner of MDG Advisers which is a b 2 b firm of accountants.
