SOCIMI Characteristics and Profits

July 26, 2018

SOCIMI is the equivalent in Spain of the international figure of REIT (Real Estate Investment Trust). It is a company specifically dedicated to the acquisition of real estate in Spain and / or other countries: buildings, offices, commercial premises, warehouses, parkings, shopping centers, etc … The assets must remain in the portfolio for at least three years and at least 80% of the properties must be dedicated to renting.

The characteristics are as follows:

• The minimum share capital of SOCIMI must be 5 million euros.
• It is possible to form the company with a single property.
• Must be registered on a Spanish or European regulated market.
• They can invest in other SOCIMI and / or REIT.

Profits:

• 0% Corporate Tax (IS)
• 95% Bonus in ITP, AJD (Acquisition and Residential Transmission)
• Exemption from the ADI (Constitution, Contributions)
• Annual distribution of mandatory dividends:
  At least 80% of the profits made by the rental incomes.
  At least 50% of the profits from the sale of your assets.
  100% of dividends from other SOCIMI and/or REIT.

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