Many investors looking to invest in Europe find the idea of creating wealth in Spain to be quite appealing. Not only is it the lovely place full of culture and tradition, but the locals are friendly and helpful as well. That being said, before investing in Spain, the ins and outs in regards to these opportunities are important to make yourself fully aware.
In Andalusia, there are nearly sixty golf courses; thirty can be found located on the Costa del Sol. Golf is popular during the entire year due to the gorgeous weather. Those who have purchased property on the courses as a form of investment, tend to rent it out during most of the years. The rentals will be arranged and managed by real estate agents or the golf complex developer for a price of around 15%.
Andalusia covers a massive area, so large that it is bigger than many countries. Many people believe that the Costa del Sol and the provinces are one and the same. However, Andalusia is more than just endless resorts. The eight regions were forming Andalusia; Seville, Granada, Almería, Cádiz, Málaga, Córdoba, Jaén and Huelva.
The undiscovered area around Cádiz and Huelva which is nicknamed “the Spanish Algarve” is being given a lot of care and protection, this is due to its proximity to the Portuguese border. Investing in a property here could be worth your while — on both the Costa del Sol as well as the Portuguese Algarve, homes can be substantially cheaper than comparable properties. On top of that, due to planning laws which are very strict, there is no chance of it ever becoming overbuilt.
Chiclana de la Frontera is a great town for property search in the Costa del la Luz. The beaches which are located only seven miles away are stunning and, some of the most architecturally beautiful settlement in Spain can be found near Playa La Barrosa. The intensely white attached houses with elegant and neat gardens in front of the beach and, the small low rise apartments are a lovely sight to be seen.
Just beyond, in the pine woods there are low-density developments, individual bungalows and rooms, they are distributed around a well taken care of communal swimming pool. The golden sands of La Barrosa run for five miles all the way down to where there is a golf course on Novo Sancti Petri. Regardless of the time of year, even throughout winter, there is plenty of life in these small resorts. The majority of the cafes located on the beach front do not close their doors, and there are people to be seen just about anywhere.
The individual income tax rates in Spain are somewhat progressive, from twenty-four point seventy-five percent to fifty-two percent. The capital gains of a company will be added to their regular income tax; this will be taxable at a twenty-seven percent rate. There is a participation exemption under certain terms for sales of shares of a subsidiary.