With the aim of stimulating the rental market in Spain, providing liquidity through investments and with a notable profitability, in mid-2013 the so-called REIT, technically known as Real Estate Investment Trust flourished, listed on the Spanish stock market.

In Spain this type of company is regulated by Law 11/2009, a law that aims to establish the necessary legal framework for these companies.

Foster Swiss is an international company registered in Switzerland specialized in providing financial and compliance advice on a variety of issues related to company formation.

Main Function of a Real Estate Investment Trust

The main function of this innovative company is to acquire, develop and rehabilitate urban assets for leasing.

Investment requirements to incorporate a Real Estate Investment Trust

o They must have a Real Estate property.

o Minimum capital of 5 million euros.

o Placement of 80% of its assets in Real Estate or Urban Land, intended for rental, all with a permanence in the company of at least 3 years.

o The Socimi must have at least 50 shareholders.

o They must be listed on a regulated Spanish or European market.

o They must have at least three properties in their assets, each representing no more than 40% of the assets at the time of acquisition.

o They may only grant financing up to 70% of the assets, i.e. they cannot have inadequate debt exceeding 70% of their asset portfolio.

Through our specialist advisors in offshore company incorporation you can obtain more information on this subject or any related question about our services, contact us directly through: info@fosterswiss.com