Americans Buying in Spain Need SGM Abogados

Relocating to Spain has become increasingly popular among Americans seeking a better quality of life, a safer environment, Mediterranean weather, excellent healthcare, and a more relaxed lifestyle. But while the move is exciting, the legal, tax, and property landscape in Spain is very different from the United States. Without the right guidance, small mistakes can create big and expensive problems.

At SGM Abogados, we specialise in helping international clients—especially those coming from outside the EU—navigate every legal step of their transition to life in Spain. With decades assisting foreigners with purchases, visas, inheritance, tax, and compliance, we understand the unique challenges American clients face… and how to solve them.

Here is why working with SGM Abogados is not just helpful—it’s essential.

1. Spanish Property Law Is Completely Different From the U.S. System

Buying property in Spain is not like buying in Florida, New York, Texas or California.
Spain uses:

• A civil law system instead of common law

• A Notarial system where the deed is signed in front of a public official

• A land registry that operates differently from U.S. title systems

• Strict buyer-side due diligence requirements

• A tax regime that varies significantly from state to state in Spain

At SGM Abogados, we conduct a full legal check on the property before you sign anything. That includes:

• Verification of ownership

• Hidden debts, charges or embargoes

• Urbanistic compliance

• Licences and extensions

• Condominium rules and community issues

• Plusvalía and tax forecasting

• Contracts written to protect YOU, not the seller

Many Americans assume the realtor or builder handles this—they do not. In Spain, your lawyer is the only professional fully protecting your interests.

2. American Buyers Face Unique IRS and International Tax Obligations

Buying or owning a property abroad may trigger:

• FATCA reporting

• Foreign asset declarations

• Capital gains implications

• Cross-border inheritance tax exposure

• Rental income tax duties

Spain also has its own tax rules (ITP, AJD, plusvalía, Modelo 210, Modelo 720 etc.) that can be overwhelming.

Our tax team at SGM Abogados explains clearly:

• What you must declare

• What you can legally avoid

• How to structure your purchase to reduce tax impact

• How to plan ahead if you want to become a resident in Spain

Correct tax advice at the beginning saves thousands later.

3. Visa and Residency Rules for Americans Require Professional Guidance

Whether you want a Non-Lucrative Visa (NLV), Golden Visa, Digital Nomad Visa, or retirement residency, each has very specific requirements regarding:

• Income thresholds

• FBI background checks

• Health insurance

• Apostilles

• Notarial documents

• Bank compliance

• Renewal procedures

Our immigration team handles the complete process—from preparing your file to dealing with Spanish consulates and extranjería—making your transition smooth and stress-free.

4. Currency, Banking and Power of Attorney: Americans Need a Trusted Local Expert

U.S. clients face particular challenges:

• Opening a Spanish bank account from abroad

• Understanding power of attorney rules

• Safely transferring large amounts in international payments

• Verifying accounts to avoid fraud

• Complying with strict Spanish banking controls

At SGM Abogados, we take care of NIEs, POAs, bank introductions, compliance checks, and secure verification so your funds are always protected.