presentación de powerpoint...costa verde, n spain (atlantic) two-bedroom apartment in the beach...

Spain

www.liveandinvestoverseas.com

© 2011 Live and Invest Overseas, Inc.



At A Glance

• Population – 46.7 million (July 2011 est.)

• Official Language – Spanish plus co-official

regional languages of Catalan, Basque,

Galician, and Aranese

• Currency – Euro (1 euro = 100 cents)

• GDP per Capita (PPP) – $29,830 (2010 est.)

• Climate – Mediterranean, Maritime, and

Continental

• Natural Hazards – Minor drought & flooding

• Government – Parliamentary Monarchy





Cost of Living

Rent US$700

HOA Fee 0 Property Taxes 0 Transportation 25 Gas (bottled for cooking) 30 Electricity 48 Water (inc. in apartment fees) 17

Telephone (inc ADSL, TV) 47

Internet inc

Cable TV inc Household Help 160 Food 200 Entertainment 100 Health Insurance (AARO – Hosp Plan) 434 Travel 100 Miscellaneous $40

Total Monthly Expenses US$1,941





Property Costs

Rent from US$450 to...the sky’s the limit. Location, elevators, natural light, heating, furnishings,

and internet tend to dictate the price.

Buy for US$70,000 and up… NW Spain: US$136 per square foot

N Spain: US$349 per square foot (Bilbao/Santander: US$420 per

square foot)

NE Spain (incl. Barcelona and Gerona): US$498 per square foot

Madrid: US$123 per square foot- US$646 per square foot

SW Spain: US$236 per square foot- US$373 per square foot

SE Spain: US$125 per square foot (Alicante and Almeria prices are

higher) (Averages Dec 2010)





Costa Tropical, SE Spain

One-bedroom modern apartment, large

open plan kitchen, spacious

living/dining area opens to terrace,

underground parking, roof garden with

amazing views. 10 mins walk to

beach/shops/bars/restaurants.

US$228,379

Costa Tropical, SE Spain

Three-bedroom finca with pool, large

garden with fruit trees, terraces, pretty

stone floors, and kitchen tiling. Close to

Frigiliana and La Herradura beach.

US$361,500

Costa Properties for Sale





Costa Verde, N Spain (Atlantic)

Two-bedroom apartment in the beach

town of Comillas. Includes parking and

community pool. Walking distance to

park, center, and beach. US$209,678

Costa Dorada, NE Spain (Med. coast)

Two-bedroom, refurbished apartment 1

mile from center of Sitges (30 mins to

Barcelona). Terrace and community

pool. US$229,200 – good rental history.

Costa Properties for Sale





Spain Pros

• Climate – the best in

Europe

• Natural diversity

• Wealth of culture

• Open, friendly,

tolerant people

• Affordable cost of

living

• International

schooling options

• Healthy

Mediterranean diet

• Outdoor lifestyle

• Lively city life

• Good private medical

care





Spain Cons

• Climate – some areas (Madrid) are

very hot in summer and freezing in

winter

• Noise pollution in cities

• Evening entertainment very late

• Poor customer service

• Slow government services

• Public schooling may be taught in

co-official language

• Sometimes lackadaisical attitude





Residency

• Resident’s visa

I. Temporary: for a period of 90 days to 5

years

II. Permanent: after having held a temporary

visa for 5 years. Renewable every 5 years.

• Work and resident’s visa

• Student’s visa

Visa Options:





Medical Care

• Overall standard good...

• English-speaking doctors in most hospitals…

• Primary care available in all towns…

• Alternative practitioners in some regions...

• Prescription drugs can be a bargain…and

often available over the counter…

• Private healthcare insurance highly

recommended - private healthcare is

expensive.





Taxes

• Double taxation treaty with U.S.

• Income tax payable on worldwide income if

resident in Spain

• You are a tax resident if: I. You live >183 days per year in Spain

II. Your household lives in Spain

III. Majority of revenue is generated in Spain/ assets are in Spain

• Income tax bands range from 12% to 43%...

• Only file a tax return when income exceeds

€22,000 per year





• Capital gains tax rate is 19%...

• Interest on savings taxed at 18%...

• Sales tax rate is 18% (some reduced rates,

exemption on exports)…

• No wealth tax (abolished in 2009)

Taxes contd.





Accessibility

• Direct daily flights from the U.S to Madrid,

Barcelona, Malaga…

• Several low cost airlines to the rest of

Europe…

• High speed train service to France…

• Ferry service to UK, Morocco, Algeria,

Balearic and Canary Islands…

• Very good, extensive road network within

Spain and to France/Portugal - few tolls





Retiree Benefits

• No specific benefits for non-Europeans

But...

• The lifestyle is healthy, relaxed, outdoors and

slower than U.S.

• There’s an active community of international

retirees

• Expat groups in the Spanish Costas and

Islands





Recreation

• A water sport enthusiast’s heaven with both

Mediterranean and Atlantic coastlines,

Canaries and Balearic Islands…

• Sailing, fishing, surfing, diving...

• Golf, skiing, hiking, riding, tennis…

• Great nightlife in all cities…

• “High-brow” culture…

• Inexpensive tapas bars!





Is Spain for you?

• Spain is so diversified...there is a place for

every type of expat from a retiree to a couple

with children.

• Key to a happy life in Spain is finding the

area that suits you...

Culture vulture...Barcelona, Seville, Madrid

Sun, sand, and sea...the Costas

Green and seasonal...northern Atlantic

Coast





presentación de powerpoint...costa verde, n spain (atlantic) two-bedroom apartment in the beach...

Documents