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That is so absolutely incorrect! There are a lot more convoluted rules about what makes one a tax resident, and it is not just the 183 day rule. But just buying a residence in Spain does NOT automatically make you a tax resident, of that I am certain! Tax residency is based more on where is the center of your life. You would be wise to consult with a tax advisor for your personal circumstances. For instance, both France and Spain will argue if you spent one day more in their countries than in any other country, that makes you a tax resident even if you fell well under 183 days. Where are your kids enrolled in school? Where does your spouse live? From where do you control your business interests? The rules can be complicated and Spain knows how to work them to their own advantage better than most, as Shakira can attest!

Thank you! What a nice compliment! I appreciate the encouragement! 🙂

Well, I initially signed up via Luko, which I really liked. They were bought out by Tuio. The biggest difference for me is that it's made it a lot more difficult as an American. Unfortunately, their website (for over a year) can't let you login without sending a text to your phone number, and they can't seem to get US based phone numbers to work. So, anytime I need to update something, I have to reach out to them, and the site is only in Spanish now, where previously, English was an option. If you speak Spanish and have a Spanish phone number, I think you may find it to be a lot easier. I can't say that I'd recommend them at this point, but for some people, it might be a really good option. 🙂

Hi Sam! Thanks so much for the encouragement! I live in the town of Pego, just between Valencia and Alicante. 🙂

@@traveltomoneyThanks Nicole for your quick response. I scheduled a meeting with you for tomorrow. Looking forward to it!

Thank you!

Awesome info! Thank you!

Minor clarification. EU citizens have to register with the local authorities if they are staying longer than three months. They don't have to acquire residency and get approval in the same involved way that third country nationals must. It is a much easier process for EU citizens to simply register as residents.

Hi there! I actually made a video about that topic not long ago. Here's the link: czcams.com/video/p3CE4tL7M9Q/video.html

Hi there! I've never had to pay a tax like that unless I was actually renting the property. I hope that helps!

I would generally recommend renting in any place for a while before buying. It's not what I did, but it's probably a safer bet. 😅 What three places did you visit?

@@traveltomoney I went everywhere except the Bilbao area! I loved Valencia and the area south of Barcelona ( Tarragona and Sitges), but every place I visited had great points.. Seville, Alicante, Malaga, Madrid, Girona, Granada, Cordova!

Both great options!

Hi Tammy! The agent I used for my first purchase retired a few years later. My other two purchases were actually without an agent, and that's what I'll be doing going forward. If you can purchase directly from an owner, you'll only need a real estate attorney and can save a lot of money that way. That's not to say that it can't be helpful to have an agent, but it's not as necessary as it is in the US, and the agent commissions aren't as straightforward.

So true! Thanks for sharing! 🙂

Best of luck to you! Europe is a wonderful place to land. 🙂

Good advice! Someone I know was doing some work to an interior, and the local inspector just happened to be walking by. They had to stop all work to get everything sorted. I don't think that normally happens, though.

Hi there! That's a great question. In my opinion, Spain is very safe. I think crimes like theft can be high, especially in tourist areas, but violent crime is limited mainly to domestic violence. I feel much safer in Spain than I do at home in the US. That being said, Spain is very relaxed in culture. I feel like the times I've seen the police involved in things, they tend to be very passive, and there is a lot of bureaucracy to have any amount of law enforced. I think part of that is because culturally, people generally have respect for the laws of the land. Like, there is a large emphasis on community, and it's expected of people to do what's best for their community. Thats just how they operate, and they aren't used to people who operate in an individualistic way. I'm not super familiar with any illegal immigration issues, though. I haven't noticed any problems firsthand. I hope that helps! 🙂

Hi there! Thanks for reaching out. My affiliate link for the transfer service I use is here: wise.prf.hn/click/camref:1101ljCXh This is for sign-ups from the US. If you're signing up from the UK, let me know and I can send another link. Thanks!

Hi there! It sounds fun to be able to go with friends every year! Thank you so much for the encouragement! 🙂

Hi there! This is one of the affiliate links I mentioned. I'll see if I can find the other one as well, but you'llprobably find what you need here: skyscanner.pxf.io/c/3502554/1027991/13416 Thanks! 😁

Thanks so much for watching! 😁

Yes, there is a lot of conversation lately about over-tourism and housing prices that seem to have been exacerbated by so many people buying investment properties, especially in tourist areas. I did a video a couple of weeks ago, trying to cover as much as I know about the topic in a way that highlights many of the different dynamics.

Right! You are so right! I do love a good red wine! Do you have any specific recommendations? I usually enjoy a Merlot or Malbec, but I haven't found my go-to Spanish wine just yet.

@@traveltomoney I have not lived in Spain for quite some time, so I am out of touch with the specific brands. But when I was there, I generally had good luck just picking stuff at random off the discount rack. The super low prices generally mean you will get a reasonable Cost to Value deal. And since its granny-policed, your downside is not that great. I would not try this strategy in non-European countries, though - there is some real bad wine out there if you just blindly bottom-fish...

Great questions! I don't know the specifics of those just yet, but I'll look into it. I've had dental work done in Portugal, and I'd say it was about 1/4 the cost of what I'd pay in the US. I would imagine Spain is similar. I also have a friend in Spain who is from the UK, but he just had his entire mouth redone in Turkey for like $5k. That included his flights, a stay at a beautiful resort, and the facilities for dental care were top-notch. It saved him about 15 grand.

Wow! I'm so glad you got some savings! I will be in Spain throughout September, so if I head up to Valencia, I'll definitely let you know! 🙂

Hi there! Yes, I sure do. It costs me about 40 euro per quarter. When I first got there, it was 30, but it has gone up by 5 euro every couple of years. I bank with Sabadell, and I like them a lot. Easy to use app. I'm not aware of any free banks for foreigners. 🙂

Yeah, that makes sense. It seems inflation has raised everything a bit. Thanks for sharing the prices you're seeing. 🙂

In the Netherlands its 3,20 to 4,00 for a simple coffee without milk now so i'd still consider it cheap

Oooh, I'll have to check out car sharing! That's cool. I'm not familiar with it. I have also found specifically that booking in 2 to 3 weeks chunks is where I see the lowest rates. If I look at one month or more, it's always significantly higher. So, sometimes I go through the hassle of returning a car and getting another one, just because the savings are worth it.

Hi there! 👋 This is a video I did about health care for non-residents and travelers: czcams.com/video/iz6qEChHIEs/video.html But I'll have to do some research for a video about insurance and pre-existing conditions. I do believe if you qualify for public healthcare (as a resident), your pre-existing conditions are covered. But if you're required to get private health insurance, I don't believe those agencies offer coverage. I'll look into this more and see if I can't do a video on it soon. 🙂

@@traveltomoney thanks a lot. Will watch it.

I am British born, long-term resident(18 years) living on the coast about 20kms north from Torrevieja. Some 5 years ago a friend of mine relocated from U.K. to the Mazarron area, about 140 kms south from me. He took out Private Health care insurance here at a cost of over 90E's per month, but was deeply unhappy with the service offered, for example, the Dr. they stipulated for him to use, was 40 kms away and his cover had a number of exclusions, such as Ambulance etc.. He was complaining bitterly to me one time and I suggested he should see if he could apply to join the official Spanish National Medical system. Upshot of it all is that he joined the state medical system here, paying 50 Euro's per month with virtually No exclusions. His local "Salud"/Clinic is 2 kms from his home, on a large "Urbanizacion", instead of 40 kms away. Because I worked here legitimately, with contract and all deductions paid for 3 years. I automatically qualified for State Medical Aid. The only "downside" is that in the Spanish system, ENGLISH is Not widely spoken, so an Interpreter may be needed... Still think it might be an option worth your investigating, though...

Thank you for watching! I'm glad it's helpful. ❤️

Thank you! 😁

Hi there! 👋 On the $9k house, I was hoping to spend around $20k, but we've taken on more projects in the house than originally intended, so I think the final cost will be closer to $40k. I'm tracking all of the expenses and will do a video on the cost when it's all done. 🙂

👋 Hello! Here is the affiliate link I mentioned for car rentals: skyscanner.pxf.io/c/3502554/1027991/13416

Hi there! Here is the affiliate link I mentioned for Skyscanner: skyscanner.pxf.io/c/3502554/1027991/13416

Hi there! Thanks so much for watching! I've done a video recently about homeowner takes in Spain, but I'm not an expert on income tax since I'm not a resident. My friend Jonny from @millennialswithmoney recently posted this video that might be helpful: czcams.com/video/uo0wuiP5Xo4/video.htmlsi=YQsaebB8PtcNeL6z 🙂 I do know that there are tax treaties that prevent you from having to pay income tax twice, but who gets paid what amounts, I'm less sure about. 😅

@@traveltomoney Thank you so much!!

@@traveltomoney thanks for recommending my content Nicole, very kind of you!!

@@anai1895 Spain and the US do have a double taxation treaty, I'm not familiar with the specific details and would always consult with a tax professional to understand specifics and how they apply to your case. I have a video in the works (hopefully coming out at the weekend) that covers the general principles of double taxation treaties that may give you a good first overview😊

@@MillennialsWithMoney Thank you😀

Yes! Haha. Last time I was in Spain, I'd get a shandy with almost every meal because the price was almost the same or less than bottled water. 😅

Thank you so much for watching! 🙂

Wow! Thank you so much! I really appreciate the encouragement and your generosity. 🙂 I'll be in Spain in April. Maybe we'll be able to meet in person!

Javea is one of my favorite areas to visit, too! But you're right ... the Benissa coastal hike is pretty incredible! 🙂

Thanks so much for watching and for the encouragement! All the best as you look to find the right place for you! 🙂