News>Special Purpose Vehicle (SPV) use for property purchase in Spain
WHEN TO SET UP SPECIAL PURPOSE VEHICLE (SPV) COMPANY
An SPV is a legal entity – usually a Spanish limited company – that is set up for a specific business purpose in order to maximise tax efficiency. SPVs can be used for property purchase in Spain and can either cease to trade post-purchase or can be used for subsequent rental of the purchased property.
It can also be used to arrange mortgages for foreign companies buying properties in Spain, recently our mortage broker has had a number of approvals for both Spanish and foreign entities purchasing properties throughout Spain. Usually in such cases, the maximum LTV would be 60% and mortgage term is limited to 20 years.
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