Introduction of the Law to Support Entrepreneurs in Spain
The Spanish Congress of Deputies (Government) approved the Law to Support Entrepreneurs and Internationalization on September 19, 2013, which became effective shortly after its publication in the BOE (Official Spanish …
Viva España
In the first few days of September, the investment company Morgan Stanley upgraded its growth outlook for Spain. The company recently launched its last report, Viva España, which outlines recommendations …
Application of cash basis in the management of the VAT in Spain
With the new Law of Entrepreneurs, which will enter into force in 2014, the new cash basis for managing the VAT willreplace the old accrual basis. With the new system, the supplier does not need to enter the VAT until the customer is charged and the customer cannot deduct the VAT until they have paid the invoice.
Housing Price Evolution in Spain
According to a report from Euroval, a Spanish appraisal firm, Barcelona and San Sebastian registered a higher value of apartments during the first half of 2013. Huelva and Lleida registered lower prices. The biggest range in prices of apartments was in Madrid: between 62 and 198 thousand euros.
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.
