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We talked here about the pros and cons of setting up a Spanish subsidiary instead of just opening a branch office. Once you have made up your mind to form a subsidiary in Spain to run your local activities, you might find you need to get that project started faster than you predicted. Your new
You’ve taken the first steps in expanding your business into Spain, perhaps by forming distributor relations. Now, you’re ready to put down deeper roots by renting office space and hiring staff. With these pieces in place you will be considered a “permanent establishment,” and it’s time to go beyond simply registering your foreign business. Foreign
Spain has enacted various laws to bring in talented people who want to start a business or invest in Spain. Spain now allows foreign investors and skilled individuals to apply for extended visas. Most importantly for our firm’s clients, Spain now has loosened up its visa and tax policies for foreign entrepreneurs and digital nomads.
Trade secrets became explicitly protected under Spanish national law when EU Directive (2016/943/EU) became part of Spain law in 2019. A trade secret in Spain is now defined as secret information, unknown to those who usually handle such kinds of information and not readily accessible. This information also must have commercial value precisely because it
As we move into what some are calling the late pandemic phase, now is the time to invest in Spain real estate. Earlier this year I wrote about buying property in Spain, concluding that although it’s a great time to acquire vacation property (or a primary residence) in Spain, purchasers should be certain they thoroughly
By Steven Rudmann + Nadja Vietz It is a great time to acquire vacation property in Spain, but important to thoroughly understand the legal and tax implications. In early 2020, market prices for vacation properties in Spain were rising, as they steadily had been since 2015. Then in March, COVID-19 hit the country hard. A long lockdown followed,
Co-Authors: Nadja Vietz + Pina Espinoza A few months ago, we reconnected with an American entrepreneur friend who has lived in Asia forever. In Hong Kong, actually, and he has been politically active there, so for reasons that will be clear to you if you follow the news, he’s in the process of moving. Spain
Spain foreign direct investment (FDI) just became a bit more complicated. By means of a series of emergency decrees the legislature significantly limited the original principle of liberal investment politics in Spain just before summer. Recently, new restrictions entered into force. In Royal Decree-Law 34/2020, of 17 November, effective 19 November, the Spanish government yet
1. Spain’s Golden Visa It is a great time to move to Spain. Spain has a competitive business environment, excellent infrastructure, and fantastic international schools. The dollar is rising against the Euro and Spain is a major recipient of investment worldwide. Real estate prices are still attractive and Spain offers immeasurable lifestyle benefits. If you
If you consider putting down roots in Spain, either by opening your own local business or entering into contracts for which you need a Spanish tax ID or bank account, you will also need to deal with extremely strict anti-money laundering rules. Most of our foreign clients are not aware of the transparency that is
