The Spanish Entrepreneur’s Law close to approval on FridayVice President Soraya Sáenz de Santamaria announced in Berlin that the Entrepreneur Law Project will be approved by the Spanish Council of Ministers this Friday. We await further details on what this means for clients interested in the Spanish Residency Permit for investors or property owners.Read more
Tax incentives for the creation of new companies in SpainThe Royal Decree-Law 4/2013 created tax incentives that attempt to stimulate growth and job creation in Spain. Income Tax Incentives for Newly Created Entities Newly created entities, created on or …Read more
Update regarding the Entrepreneurs’ Law in SpainDespite initial reports, there is no confirmation or updates on the approval of the Entrepreneur’s Law by the Spanish Government last week, which aims to grant residence permits to non-EU citizens investing in Spanish property.Read more
Further steps for the investment for residence in SpainThe Spanish President Mariano Rajoy, met with a group of entrepreneurs and small business owners in Moncloa, Madrid to present them with some general information concerning the Law of Entrepreneurs’ …Read more
Court Fees: Payment by Foreign Companies and Non-Residents in SpainOn November 21, 2012, the Spanish Legal Bulletin (BOE) announced the Law 10/2012 of November 20, which regulates certain fees in the area of the Administration of Justice and the …Read more
Rising Numbers of Insolvencies in Spain or Express Insolvencies: Safety Net Or Pitfall?The express insolvency mechanism benefits debtors by cutting costs, eases the workload for mercantile courts, and prevents false satisfaction expectations for creditors. This is likely to result in a continued high number of insolvencies as debtors increasingly use this shortcut to obtain the entity’s death certificate.Read more
New Default Interest Rate in SpainThe Law 3/2004 of December 29 established measures to combat late payment in commercial transactions. Specifically, Article 7.2 clarified the default interest rate. Until February 23, 2013, the Article dictated: …Read more
Mariscal Abogados hosted the Jurismus Madrid 2013 ConferenceMariscal Abogados is a firm with a clear international focus, based in the centre of the Spanish capital and with offices in Barcelona and Palma de Mallorca. Eurjuris International is …Read more
New updates about residency for investors via the Entrepreneurs’ Law in SpainThis week, news outlets reported some new information about the entrepreneurs’ law that is still in its draft stage. The government will soon pass a law that will allow, among …Read more
How does the Pre-Bankruptcy Process for Creditors work in Spain?To understand the so-called pre-bankruptcy process, consider the provisions of Article 5.1 of the Spanish Insolvency Law (IL). Under this Article, The debtor must request the declaration of insolvency within two …Read more
