In case of a business transfer, in Spain as in Germany, employees must be informed about the date of the transfer, the reasons for it, the legal, economic and social consequences, as well as planned performance measures.
Spain is a very attractive destination for foreign direct investment, not only foreign investments have helped develop high economic valued sectors as the automotive, biotechnology and agri-food industries, but also support the real estate sector, that is still very relevant.
Thanks to the approval of the Law 14/2013, foreign investors and entrepeneurs may apply for a residence permit in Spain. The residence permit would not only allow them to work and reside in Spain, but also to travel freely within the EU with respect to the Schengen Territory.
The reform of the Spanish Penal Code incorporates the duty that companies in Spain must establish criminal offense risk prevention plans. If a company fails to implement a risk prevention plan, it will not be exonerated of any criminal charges or have them reduced.
The remuneration of managing partners has undergone some changes after the tax reform in Spain. Now, if the remuneration is not in the statutes of the company, they will not be deductible.
With the change in the Capital Companies Act in Spain will allow the challenged to essentially three types of agreements: agreements contrary to law, agreements that conflict with the statutes of the company and agreements that hurt the interests of the company while benefiting the interests of the personal staff.
Royal Decree Law 8/2014 of 4 July, replaces Law 1/2014, referring to business hours in Spain, as well as to the criteria by which a city qualifies for major tourist destination status.
The Spanish government has approved a series of measures that are included in Royal Decree Law 8/2014, of 4 July 2014, which aim to promote competitiveness and improve the employment rate in Spain.
In Spain, the transfer of guarantee rights requires an agreement between the financing parties, formalized in a power of attorney and registered in the Registry, This prejudices the quotas liquidity.
The draft Law on Foundations in Spain intends to guarantee the better exercise of the right of establishment and compliance with the accompanying obligations arising from formation, not only through the foundation itself – through the purpose which justifies its existence – but also the public administrations that monitor its performance and grant, if need be, tax benefits to them.
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