Law 4/2013 against delinquency in business transactions in Spain
Royal Decree Law 4/2013 adopts measures against delinquency in business transactions in Spain. The article enumerates some of the modifications of the new Law.
Application for Residence Visa by Acquiring Property
The article discusses the main steps in the process of acquiring property in Spain and how to apply for a residence visa based on the acquisition. The initial residence permit can be renewed for another set of 2 years by presenting the corresponding documents before the Large Companies Unit of the Spanish Ministry of Employment and Social Security.
Spain publishes the new special VAT cash regime’s rules
The new VAT cash regime allows business owners to pay the tax when it is effectively paid rather than when the bill is issued. This option is available to small and medium sized companies as well as self-employed persons with a total revenue of less than 2 million euros.
Fees and taxes associated with the purchase of property in Spain
When a foreign national wants to purchase property in Spain the foreign national must pay certain fees and taxes. First, there are the notary fees. The different taxes apply depending on whether the sale is of a new home or a resale property. Lastly, a tax on the Registry of the property is also applicable.
Entrepreneur’s Law: General requirements to reside in Spain
The article discusses the general requirements for a foreign national to receive a residence permit in Spain. There are a couple of positive and negative prerequisites that must be met which are listed in detail in the article.
The Spanish Registration System
Registration in the Spanish Registration system generally has a declarative character, but in some cases it might be of incorporation character and thus obligatory in order to provide protection. Once a proper registration has been carried out, it produces several favorable effects according to principles of legality, specialty and Chain of Title.
Foreign Investors Lead the Spanish Housing Market
In the second half of 2013, one in every six homes in Spain was bought by a foreign national purchaser. The favorite cities for foreigner investors are Alicante, Malaga, Barcelona and Tenerife.
Spain Will soon Approve the Law to Support Entrepreneurs
The Draft on the Law to Support Entrepreneurs will be adopted on September 11, 2013 in the plenary session.
General meeting by video conference for limited partnerships in Spain
The use of remote methods for voting in general meetings of limited liability companies or for delegation in favor of a third party is not prohibited as long as a record of these actions can be found in some medium, film, magnetic band or computer.
New Modification in the Entrepreneur Draft Law
According to the latest modification to the draft of the new Law of Entrepreneurs, entrepreneurs must provide certification of Ownership and Encumbrance attestating to their investment. The certification must contain an electronic verification code for online consultation.
