The REIT are the equivalent, in Spain, of the international player of the REIT (Real Estate Investment Trust).

They are characterized by the following aspects:

• The minimum share capital of the REIT must be 5 million euros.
• They can be established with a single property.
• At least 80% of the properties must be dedicated to rental.
• The assets can be in Spain or outside of Spain and can be shopping centers, hotels, offices, homes, industrial buildings, commercial premises, others (gas stations, campsites, garages, storage rooms,…).
• The assets have to remain in the assets portfolio for at least three years.
• They can invest in other REITs and/or REITs.
• They can invest inland for the promotion of real estate that will be used for said purpose provided that the promotion begins within the three years following its acquisition.
• They must be listed on a regulated market or on a Multilateral Trading System (BME Growth, Euronext,…).
• At least 80% of your income must come from rentals , and/or dividends from your investments in other REITs or REITs.

• They must distribute dividends for:
o At least 80% of the profits obtained from rental income.
o At least 50% of the profits from sales of its assets.
o 100% of the dividends obtained from other REITs or REITs.

What is your tax regime?
• In general 0% Corporate Tax (CT)
• 95% Discount on ITP, AJD (Residential Acquisition)