Immigration UPDATES: Spain: The Necessity of a NIE Number
A NIE number (Foreign Identification Number or Número de Identificación de Extranjero) is an identification number for non- residents.
It is used to pay taxes and track your activities while in Spain and is needed to:
– Apply for a mortgage or other loan
– Buy/sell property
– Buy a vehicle
– Inherit assets
– Insure your property
– Pay taxes
– Sign up for the National Social Security or Health Services
– Apply for a business permit
Failure to obtain a NIE would mean the employee is working illegally and can result in fines to the company of up to €6000 if the employee is an EU citizen or higher for a non-EU citizen.
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