Community regulation and, by transposition, Spanish regulation, allow companies to use qualified electronic signatures as a fully effective and legally valid instrument for signing contracts and other employment documents.
The approval of the installation of a photovoltaic solar park in Spain involves a series of administrative and technical procedures. We analyse the most relevant steps to follow to carry out the project with success.
Non-resident companies that own real estate in Spain are subject to the non-resident income tax by means of a special tax payable on 31 December of each year and which must be paid in January of the following year.
Companies that carry out business in Spain must comply with the applicable labour standards on working hours and public holidays. This includes compliance with minimum rest and maximum working hours as well as annual leave and public holiday regulations.
The contracting of representations and warranties insurance is an option that has been increasing during the last years in the framework of M&A operations. This is due to the great advantages it offers for both parties, although there are also some drawbacks that need to be kept in mind.
The installation of photovoltaic power stations (solar parks) or wind energy farms requires the formalisation of a contractual relationship between the developer and the owner of the designated land. Through its advantages, the contract for the transfer of surface rights has acquired great prominence over sale or rental contracts.
Unsuccessful enforcement by the creditor implies the existence of a title by which enforcement has been effected, without sequestration resulting in sufficient unencumbered assets for the payment of the outstanding credit.
Companies will have the possibility to establish a double salary scale based on the date of incorporation of the employees, as long as they respect the provisions of the applicable law and collective agreements.
The use of representation and warranties insurance (R&W) is becoming more and more frequent in Spain in the field of the purchase and sale of companies. The premiums increase, costs reduction or process simplification are some of the reasons for their growth.
Improvements to the availability of universal basic services and the reduction of the “digital divide” are key reasons for the increasing interest in rural areas in Spain. Solving the challenges presented by depopulation, ageing and the relocation of the younger generations from rural areas will improve investment opportunities.