On December 13, 2013, the Spanish Council of Ministers adopted the Royal Decree on the Development of the Determined Aspects of Law 5/2012, of July 6, 2012, on Mediation in Civil and Commercial Matters (the “Regulation”). Among other things, the Regulation develops the training requirements for access to the Civil and Commercial Mediator Registry as well as the Bankruptcy Mediator Registry in Spain.
One of the most important legal topics for owners of apartments or houses in Spain is how to transfer this property to their heirs with minimal tax and handling cost. An interesting option is to set up a trading company (or other type of legal entity) and transfer the property to it.
Law 14/2013, of September 27, 2013 to support entrepreneurs and internationalization (the “Entrepreneur Support Act”) introduced the position of the “bankruptcy mediator.”
If at the moment of our death we still have property assets located in Spain, our heirs are obliged to fulfill a number of formalities requirements in order to register this property on their name. These processes will be facilitated in 2015 through the creation of a European Certificate of Succession.
The conditions for non-EU foreign nationals who wish to set up a business in Spain and obtain a residence permit which includes permission to carry on an activity on their own account are a guarantee of the business owner’s solvency and the legality and viability of the business.
This article defines primary concepts relating to inheritances in Spain.
This article highlights the essential aspects that information company service providers in Spain must observe to prevent the use of cookies in websites that may result in the violation of a user’s rights.
European Union citizens do not usually have more problems than Spanish citizens when opening a business in Spain. Nevertheless, other foreigners, including Russians, must follow special procedures to develop an independent economic activity in our country. Perhaps, in the future, Swiss citizens will also have to undergo such procedures.
From January to September 2013, investment in non-residential property in Spain reached 2,000 million Euros compared to the 1,622 million Euros invested during the entire 2012 fiscal year according to a BNP Paribas Real Estate study.
Law 14/2013 to support the entrepreneur and internationalization, which the Spanish Government recently passed, primarily aims to promote foreign investments. In particular, the Law regulates the specific residence permit for foreign investors who may apply for and receive a residence permit in exchange for purchasing property with a value of at least 500,000€; invest in Spanish Government bonds in an amount greater than 2 million Euros; or invest in business projects of general interest.
