Real Estate Investment Trust, better known as REIT, are corporations with the status of listed companies whose main activity is the acquisition, development and rehabilitation of urban assets for leasing, either directly or through equity stakes in other REITs.
In less technical language, they are investment companies whose function is the purchase of homes of all types for refurbishment and subsequent rental.
Foster Swiss offers the option of investing in the Spanish Real Estate market to its Latin American clients who wish to invest in Europe.
Its attributes are:
o They have the particularity that they must be listed on the stock market, so that any small investor can access them.
o A 95% rebate on the transfer tax for the acquisition of rental housing and land for the development of rental housing.
o Dividends distributed to resident shareholders and to non-resident shareholders without permanent establishment will not be taxed.
o They will be governed by the Corporations Law and the Securities Market Law, in all matters not provided for in the Law of Reit.
If you are thinking of investing in Spanish companies, this could be an investment to take into account. Spain is currently the second country in the world with the highest number of Real Estate Investment Trust.
Contact the financial consultants of Foster Swiss, an independent international consultancy that offers you the possibility of organizing and creating a new company or acquiring an existing one. For more information, please contact us via email info@fosterswiss.com