Buy Real Estate in Spain with Bitcoin and Other Cryptocurrencies

Vicox Legal is a specialized firm dedicated to helping clients purchase real estate in Spain using cryptocurrencies. We operate across the entire country, offering expert services in major cities such as Malaga, Marbella, Alicante, Madrid, Barcelona, and Valencia.

How to Buy Real Estate with Crypto in Spain: A Step-by-Step Guide

1. Onboarding: . Your journey will begin with the onboarding process into our client registry, which will require, among other actions, filling out a small form with your personal information or that of your company, including your NIF (or NIE), your legal residence, and the wallet addresses to be used for payment. These data will serve as the basis for our decision to accept you as a client or not.
Throughout the process, your right to privacy will be ensured, and we will comply with European data protection regulations as well as various directives against money laundering. Our response will be provided within a maximum of 48 hours. For more efficient communication, a direct communication channel will be set up between you and one of our lawyers.

2. Private Contract: After confirming your suitability as a client, our contractual relationship will begin with the signing of a private contract detailing our services throughout the entire sales process.

3. Property Reservation: Once you have explored the various property options and made your choice, your future property will be reserved (and taken off the market) by signing a deposit contract with the owners. We facilitate a direct and secure process.
Normally, we do not involve ourselves in property search; either you provide it, or we provide you with a list of reliable real estate agencies.

4. Due Diligence: Our commitment to impeccable transactions is reflected in a meticulous due diligence process, which involves examining titles, property records, municipal licenses, public services and taxes, and the possible existence of unregistered charges, thus ensuring a purchase free of encumbrances and debts. We study the background of the property and assist in the signing of reservation contracts, earnest money contracts, and attendance at the Notary. We also provide advice on taxes in Spain, offering comprehensive assistance

5. Cryptocurrency Exchange Service: Our firm facilitates a seamless cryptocurrency exchange process for clients by handling the conversion of cryptocurrency into fiat currency (or vice versa) upon request. This eliminates the need for clients to register or operate directly on cryptocurrency exchanges. We support a wide range of cryptocurrencies and networks, including Bitcoin, USDC, ETH, USDT, and others.

6. Deed: Set a date for notarial signing, assist with notarial power, pay taxes, and register the property in your name. Opt for our compliance report (AML) service for a detailed report, available for €1,500 + VAT.

7. Post-Deed: After signing and obtaining possession, rely on us to handle annual tax payments for non-residents, ensuring ongoing compliance with legal obligations.

CRYPTO REAL ESTATE

What services we offer?

Crypto Lawyer

Crypto Real Estate Consulting

Start The Process To Buy A House With Bitcoin

FAQs

Is it legal to buy property in Spain with cryptocurrencies?

Absolutely. To do so, it is necessary to understand the legal nature of cryptocurrency in Spain, which depends on the legal framework within which we operate. For example, Bitcoin and cryptocurrencies are recognized in the tax sphere, similar to other commercial assets, resembling a currency. The CNMV, on the other hand, has defined them as "digital representations of a right, asset, or value that can be transferred or stored electronically, using distributed ledger technologies or similar

How long does the onboarding process take?

The onboarding process typically concludes within 48 hours of submitting your passport and filling out our form.

What does the AML report service include?

The AML report service verifies that you are not a politically exposed person, that there are no international sanctions against you, and that the sources used to pay the purchase price are lawful. Additionally, we ensure that the wallets from which the flow of crypto assets originates have not been linked by judicial and law enforcement authorities to criminal activities. The cost of the report is €1,500 + VAT.

How are taxes handled after the deed?

Vicox Legal will take care of filing annual tax returns for non-residents and making the corresponding payments on your behalf.

What cryptocurrencies are accepted for property purchases?

In principle, any cryptocurrency or electronic money token traded on exchanges licensed in the EU (Kraken, Coinbase, etc.) is permissible, although Bitcoin (BTC), Ethereum (ETH), USDC, and USDT are the most commonly used payment options in real estate transactions in Spain.

Is the onboarding/integration process safe?

Yes, Vicox Legal offers a secure integration process, complying with privacy regulations and the European Anti-Money Laundering Directive.

PRIVATE CONSULTING

We know your doubts. For this reason, we put at your disposal an advisor who provides consulting services to resolve all your tax doubts at the moment. Book your appointment online immediately, choose the day and time that best suits your needs and we will accompany you in all your efforts.