Primary user

KYC for Property Developers in Spain

Clear buyers faster. Unblock reservation deposits. Standardise source-of-funds across every project.

Property developers in Spain are obliged subjects under Ley 10/2010 and need consistent KYC/CDD across every project, sales team and partner agency. PropComply gives developers a single, structured client file per buyer — collected once, shared two-ways with partner agents — so reservation deposits clear faster, source-of-funds is documented consistently, and project-level oversight is always one click away.

Project-level oversight

Faster reservations

Reputational protection

Common Challenges

Multiple buyers per project, each needing KYC
Reservation deposits delayed by compliance back-and-forth
Inconsistent KYC quality across partner agencies
Source-of-funds documentation fragmented across sales teams
Reputational risk from inadequate buyer due diligence

How PropComply Helps

Two-way KYC/CDD sharing with partner agents
Faster clearance for reservation deposits and stage payments
Standardised source-of-funds documentation across every project
Project-level dashboard and oversight
PEP and sanctions screening for international buyers
Bilingual EN/ES files, PDF export for banks and lenders

Workflow

Step-by-step for property developers

1
Onboard the buyer
Originate or inherit a KYC/CDD file for every buyer in the project.
2
Verify identity & UBO
ID, proof of address and beneficial ownership for corporate buyers.
3
Document source of funds
Capture and structure SoF evidence — salary, sale of asset, business income, financing.
4
Screen & risk-classify
PEP, sanctions and watchlist screening with a suggested risk level.
5
Clear & share
Approve the buyer for the reservation; share the file with the partner agent, lawyer or bank.

FAQ

Frequently Asked Questions

Are property developers obliged subjects under Ley 10/2010?

Yes. Developers and promoters of real estate are obliged subjects under Ley 10/2010 and must apply customer due diligence on buyers, document source of funds, screen for PEPs and sanctions, keep records and report suspicious activity.

How does PropComply speed up reservation deposits?

By collecting KYC/CDD up-front in a mobile-first journey and sharing the structured file with the partner agent and other parties, PropComply removes the back-and-forth that typically delays deposit clearance and stage payments.

Can developers and partner agents share files both ways?

Yes. Two-way, permission-based sharing is built in. A buyer onboarded by the agent can be shared with the developer; a buyer originated by the developer's sales team can be shared back with the agent — always with a full audit trail.

What about international buyers and cross-border source of funds?

PropComply is built around the reality of international buyers in Spain. It guides the buyer through ID, address, beneficial ownership and source-of-funds documentation in EN/ES, and screens against global PEP, sanctions and watchlist data.