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Page: Spain - FAQs
Spain is known for its food and markets, architecture, soccer, being the world’s first global empire and the only European country to have a physical border with an African nation. Also, Spain is one of the cultural centers of Europe, a place where the people celebrate life, and dance the flamenco.
Residency in Spain doesn’t just allow you to live in Spain. You can stay as long as you like in any of the 26 Schengen visa countries, meaning you could move as you wanted among Spain, France, Italy, Germany, Austria, Switzerland, and beyond.
All homeowners in Spain are required to have home insurance to protect their property’s value. While life insurance is not compulsory, many banks will ask borrowers to obtain life insurance that covers the remaining mortgage amount.
Yes, Spain and the United States have a double taxation treaty. Most importantly, U.S. citizens that spend more than 183 days a year in Spain are fiscally residents and will be taxed on worldwide assets.
