Amendments to the Consumer Protection Act in SpainThe legal term for a consumer to withdraw from a contract extends to 14 calendar days (if the consumer did not receive the proper information, the term extends to 12 …Read more
Recovery of the Investment in the Real Estate in SpainFavourable conditions to invest in the real estate market in Spain are the strategy to promote foreign investment. The Spanish Government encourages foreign executives to reside in Spain, which has resulted in an increase of investments in non-residential property in Spain.In 2013, this increase in investments reached 2,000 million Euros.Read more
Objective dismissals in Spain will cost more to companiesThe passing of the new 22/2013 Act of December 23 of the State Budget for 2014 has negated Article 33.8 of the Spanish Workers’ Statute. Article 33.8 provided compensation by …Read more
The New Liquidities in Insolvency Proceedings in SpainHalf of the newly invested funds in refinancing lack insolvency privilege, requiring timely payment. This percentage temporarily rises to 100% for enhanced protection.Read more
Ways to incorporate companies in SpainThere are now two electronic methods for incorporating companies in Spain, depending on whether standard bylaws are utilized. Alternatively, companies can still be incorporated using traditional paper filing, either physically or electronically with the Registry. In summary, there are two contemporary ways to incorporate companies in Spain.Read more
The Gradually Established Limited Liability Company in SpainThe gradually established limited liability company is a new type of company with an aim to encourage foreign investment in Spain. Its legal structure is similar to the characteristics of the ordinary limited liability company except for some specific obligations aimed at the protection of third parties.Read more
New regulation of the Spanish Insolvency Public RegisterThe Royal Decree Law 829/2013 regulates the Spanish Insolvency Public Register. The aim of this Law is to provide more transparency on public bankruptcy results and proceedings. This Register will collect information related to bankruptcy proceedings in Spain. This collection will provide public access to more accurate information about the entities involved in bankruptcy proceedings.Read more
Requirements and conditions for foreign investors to obtain the spanish residence permitThe residence permit, which allows foreign investors to reside and work in Spain, is not difficult to obtain. Foreign investors and entrepreneurs may apply for a residence permit if they meet certain legal requirements, and the investment lasts for the entire duration of their stay in Spain.Read more
Property purchase in Spain, an option for the spanish residence permitThanks to the new Spanish Internationalization and Entrepreneur Support Act 14/2013,, foreign investors and their family members may obtain a specific residence permit, which allows them to work and live in Spain. Foreign investors are mostly interested in purchasing real estate properties due to the current favourable conditions for this type of investment.Read more
Overtime According to the Spanish Workers’ StatuteAccording to Section 35 of the Spanish Workers’ Statute, every hour that exceeds the 40-hour per week limit is overtime. This rule corresponds with the maximum duration of the normal working day established in Article 34 of the Spanish Workers’ Statute.Read more
