Classification of economic and entrepreneurial business activities in SpainUnder the Entrepreneur Support and Internationalization Law effective since September 29, 2013, entrepreneurs must identify their core business using the economic activity code from the National Classification of Economic Activities (CNAE). The pertinent codes should be included in official documents and the initial registration entry in public registries.Read more
Sole business license to operate in SpainThe sole business license is the Law that unifies the market and provides free movement of goods in Spain. This license eliminates the requirement of submission to 17 different regulations and allows the offering of any product or service produced under Spanish regional regulations anywhere in Spain without additional formalities.Read more
Tax deductions for employment creation in SpainOn December 21, 2013, the Spanish Official Bulletin published the Royal Decree/Law 16/2013 on measures to promote stable employment and improve the employability of workers. It became effective on December …Read more
Obtaining a Residence Permit by Investing in SpainMariscal Abogados participated in an interview on Spanish television and explained how to acquire the Spanish residence permit after the adoption of the Law of Entrepreneurs.Read more
Directors’ retribution in the bylaws of the company in SpainOn March 7, 2013, the General Directorate of Registries and Notary issued a decision concerning the appeal against the Commercial and Personal Property Registrar’s refusal to register a public deed of company agreements. The decision outlines that to counter the presumption of gratuity, the bylaws must specify:Read more
How to execute a will in SpainArticles 657 et seq. of the Spanish Civil Code regulate Inheritance Law in Spain. It governs the transfer of a deceased individual’s assets, rights, and obligations to the heir, either through a will or applicable provisions in the absence of one.Read more
The extrajudicial payments agreement procedure in SpainIn Spain, a natural person debtor requests a bankruptcy mediator from their local notary, while entrepreneurs or legal entities approach the Commercial Registrar at the registered office. The request for an extrajudicial payment agreement includes financial details, creditor lists, current contracts, and anticipated monthly expenses.Read more
Withdrawal of the lease agreement in SpainThe approval of the 4/2013 Act of June 4, on the relaxation and promotion of the housing rental market measures, amended Article 11 of the Urban Lease Act. According to …Read more
Consent To Use Cookies in SpainThis article highlights the essential aspects that information company service providers in Spain must observe to prevent the use of cookies on websites that may result in the violation of …Read more
New Debt Settlement Procedure for Entrepreneurs in SpainThe Entrepreneur Support Act (Law 14/2013), effective from September 27, has brought about reforms. Notably, it has increased flexibility in the quorum of financial creditors for court approval of refinancing agreements. Moreover, regulations now govern extrajudicial payment agreements as tools for negotiating with creditors outside the judicial process.Read more