When does it need a NIE number in Spain?

  • Signing the preliminary contract (contrato de arras): This is usually the first legal step in the purchase process, where you make a down payment to confirm the transaction. A NIE number is needed for the contract to be legally valid.
  • Opening a bank account in Spain: In order to make a purchase transaction, you will probably need to open a bank account with a Spanish bank. Most banks require an NIE number to open an account for foreigners.
  • Finalizing the purchase: notarized deed (escritura de compraventa): A NIE number is necessary when finalizing a purchase before a notary, as all real estate transactions must be registered with the appropriate Spanish public registries.
  • TAX PAYMENTS: The NIE number is also required for all tax payments related to the purchase of real estate, including real estate transfer tax (ITP) or VAT (IVA) for new properties, as well as AJD.
  • Real Estate Registry Enrollment: To register a property purchase in your name with the Spanish Real Estate Registry, you will also need an NIE number.