The VAT deferral scheme allows some companies and individuals to defer VAT payments on their imports until they present their monthly VAT return and thus set off any import VAT due on the VAT accrued. Read on to learn what requirements need to be met in order to adhere to this scheme. The VAT deferral […]
Today we will review the essential tax procedures for investments in Spain: the different obligations and which is the best way to manage them if you want to bring your business to our country. Setting up a business in Spain is a challenging adventure that, as we have told you in other posts, can be a […]
The Spanish Parliament has approved the Act, by which the Consolidated Text of the Spanish Companies Act is amended, aiming to transpose into the Spanish legislation the Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017, amending Directive 2007/36/EC, with regard to the promotion of long-term shareholder engagement in listed […]
Royal Decree-Law 5/2021, on extraordinary measures to support business solvency in response to the COVID-19 pandemic, introduces a set of provisions aimed at providing “the appropriate framework to address the process of analysis and strengthening of balance sheets and financial restructuring, during 2021“. This regulation was settled to provide additional protection to the business network […]
Last 10 March 2021 the Spanish Official State Gazette (BOE) published the Royal Decree-Law 4/2021, of 9 March, which transposes into the Spanish law, the Council Directive (EU) 2016/1164 of 12 July 2016, amended by Council Directive (EU) 2017/952 of 29 May 2017 (Directive ATAD II), on hybrid mismatches to prevent tax avoidance in related-party […]
Do you want to do business in Spain? There are many opportunities and several ways for foreign companies to start doing business in Spain. The most commonly known ways for foreign companies to set up in Spain is as a branch office or as a subsidiary (plc or ltd). However, in this post we are going […]
The Covid-19 health crisis has tightened the control mechanisms for foreign direct investment in Spain by means of various royal decrees law published since last March and April 2020, which have successively amended and included new regulations to the suspension of the liberalisation regime of foreign investments. In summary, the general regime of liberalisation of […]
A company is an entity with an independent corporation type that carries out economic activities (for example, a limited liability company that sells real estate). The business activity is the sale of products or services. In order to decide which size category each company fits into, three criteria are taken into consideration: the number of […]
There are many differences between branch offices and subsidiaries, amongst which it is important to bear in mind the following differentiating characteristics: Legal entity. A branch office is not an independent legal entity, but rather it depends completely upon the parent company. A subsidiary is a proper legal entity. Share capital. A branch office does not require […]
The tax obligations of foreign businesses in Spain are not as complicated or burdensome as we could think. When you come from abroad, the cultural and language barriers (so difficult to overcome) are very probably accompanied by a lack of knowledge of the Spanish taxes. That is why we have taken it upon ourselves to assist you […]
Are you thinking about opening a business in Spain but don’t really know where to begin? Have you heard about the role of a legal representative? Read on to discover what they do and how they can help you. A legal representative facilitates companies not currently established in Spain to buy and sell in our country. This legal representative can […]
Are you hoping to set up a business in Spain? Did you know that the lack of a digital certificate for that business could lead to a fine? Do you know the steps you need to take to obtain a digital certificate? If you have decided to build a business in Spain it is important you know how […]