131–140 of 282 posts
Earlier quoted context omitted.
>As far as I know every EU business has to have an eu citizen representative You can't hire a nominee director? >Additionally, a company owned property can't just be used privately. They can't "rent" it back to the owner?
The „owner” is the company.
Earlier quoted context omitted.
>As far as I know every EU business has to have an eu citizen representative You can't hire a nominee director? >Additionally, a company owned property can't just be used privately. They can't "rent" it back to the owner?
The „owner” is the company.
Earlier quoted context omitted.
"NIMBYism making it extremely difficult and expensive to build supply as is needed." Only in some areas. There are other factors affecting how expensive houses are across the country, such as materials/labor, preferences for larger/fancier houses, location preference, and increasingly complex/expensive code.
> preferences for larger/fancier houses And more space per person, so older houses now house far fewer than they used to. US has more bedrooms without an occupant than ever. https://www.nytimes.com/2025/01/09/realestate/empty-bedrooms...
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>If it's the former, than even flaunting such a plan is a complete catastrophe for any foreign investment in Spain from now on. There's investments that don't involve real estate. Moreover, property isn't a productive asset, so discouraging investment into that is arguably a good thing. Investing money into a factory means you get more stuff produced. Investing money into property just... sits there.
> property isn't a productive asset It is when you rent it out.
Earlier quoted context omitted.
>If it's the former, than even flaunting such a plan is a complete catastrophe for any foreign investment in Spain from now on. There's investments that don't involve real estate. Moreover, property isn't a productive asset, so discouraging investment into that is arguably a good thing. Investing money into a factory means you get more stuff produced. Investing money into property just... sits there.
> property isn't a productive asset It is when you rent it out.
I think some kind of vacancy tax is the only good way to fix this if it's a real problem.
Anything to stop a non-EU resident owning an EU company that owns a Spanish home?
Blaming foreigners for housing prices is misdirected. The real culprit is slow bureaucracy & zoning laws making it impossibly slow to get a permit to build anything in both Spain and Portugal. Both of these countries for example have so many abandoned houses needing to be renovated, and so many foreigners coming in with money to do it - but they can never do it because you can't get a permit in literally forever... I…
No, that argument assumes you can only blame 1 thing at a time. Even if the bureaucracy is the worst offender, every foreigner buying a house still results in 1 less house for Spaniards. Sure, fix bureaucracy, but don't pretend foreign purchases have zero effect.
Blaming foreigners for housing prices is misdirected. The real culprit is slow bureaucracy & zoning laws making it impossibly slow to get a permit to build anything in both Spain and Portugal. Both of these countries for example have so many abandoned houses needing to be renovated, and so many foreigners coming in with money to do it - but they can never do it because you can't get a permit in literally forever... I…
No, that argument assumes you can only blame 1 thing at a time. Even if the bureaucracy is the worst offender, every foreigner buying a house still results in 1 less house for Spaniards. Sure, fix bureaucracy, but don't pretend foreign purchases have zero effect.
Earlier quoted context omitted.
>As far as I know every EU business has to have an eu citizen representative You can't hire a nominee director? >Additionally, a company owned property can't just be used privately. They can't "rent" it back to the owner?
> You can't hire a nominee director? Yes, you can, and it's very common. Couple hundred euros in Cyprus [1]. [1] https://blog.wamo.io/how-much-does-it-cost-to-open-a-company...
I've a longterm "internet friend" and Cyprus resident/native who has been grumbling about this for two decades now, his principal complaint is the sheer number of Russians back dooring their way into becoming an EU company via Cyprus and screwing up the cost of living, housing, etc for the locals who suffer from the pressure of rich transients who do little for the community.
A common enough templte compliant the world over, but it has grounds.
He'll also admit it's not just the Russians but many others also.