A new regime for reporting the VAT-taxable transactions was introduced in Spain starting on July 1st. The new framework covers large taxpayers, with a turnover exceeding 6 million euros per year and targets those large companies in Spain that file monthly VAT returns. Our lawyers in Spain can help you understand this new regime and whether or not it applies to your business.
The Spanish tourism reached a new record on account of the foreign visitors arriving from the United Kingdom (UK). The tourism industry in Spain registered the fifth record year and investors interested in opening a company operating in this industry should know that, at the level of 2016, the field accounted for an overall value of EUR 77 billion. The projections for 2017 show that the industry will further grow and our team of lawyers in Spain can offer more details on the main types of permits that are to be obtained by companies operating in this industry.
Spain is an attractive destination for persons interested in purchasing a property. With a warm climate and numerous touristic locations, Spain stands out as one of the top European countries on property matters, certain regions of the country representing the highlights of the property market. In this sense, it is important to know that British citizens have the highest level of interest for purchasing a property in Spain. Our team of lawyers in Spain can offer in-depth advice on the legislation regulating the procedure for purchasing a property here, for residential or commercial purposes.
The Spanish economy is recovering from the economic crisis which affected the entire continent during the last decade. The property market in Spain is also on an upward trajectory, with sustained economic growth and stability in the real estate investment sector. Over the last three years, the property market in Spain has witnessed an increase of the selling prices and demand. Property transactions and new housing starts had a 70% annual increase in 2016. The legal aspects regulating the property market in Spain can be explained to you by our attorneys in Spain.
The Spanish economy is characterized by several economic activities. The business environment is highly competitive for investors who want to open a company in Spain, as the country is considered the 5th largest economy in the European Union (EU). Foreign investors should also know that Spain represents the 14th largest economy at a global level, being characterized by strong export activities, tourism and foreign direct investments. Our team of lawyers in Spain can offer legal assistance on the main rules of law regulating the above mentioned fields.
Renewable energy, infrastructure, water waste management, high-speed rail and even civil aviation are the subjects of new agreements signed by Spain and India to strengthen the economic relations in 2017. The future economic collaboration sounds promising, and even more, the representatives of the two countries also focused on cyber security matters as part of the developments in the future period. Spain is among countries with numerous investment opportunities in key sectors and investors direct their attention in fields like real estate, tourism, transportation and green energy. If you plan to make investments in Spain and you need to know the legislation in this matter, we invite you to get in touch with our lawyers in Spain for legal support.
With a spectacular comeback in most important economic fields, Spain is about to exceed the 2.7 % GDP (gross domestic product) rate settled for this year. Compared to the previous year, the same quarter, Spain already registered a 0.8% growth and continues with the same expansion, according to statistics. Having a stable economy, Spain can attract even more foreign investments this year, so if you are an entrepreneur looking to establish the activities in the country, you can solicit legal help and information about the legislation in this matter from our lawyers in Spain.
The Reciprocal Guarantee Societies in Spain is a type of funding scheme providing assistance to Spanish businesses which operate as small and medium sized companies (SME). The Guarantee System can act as a third party between the entities which are interested in obtaining funding and the credit institutions, as it acts as guarantor in this case. Our team of lawyers in Spain can offer legal assistance on the regulations related to the Reciprocal Guarantee Societies.
The region of Andalusia offers numerous business opportunities for investors who want to start a company in Spain. At a national level, Andalusia leads for patent registrations, which increased by 14.5% compared to the previous year. In order to register a patent in Spain, the inventors or the legal entities interested in protecting intellectual property will need to apply at the competent authorities and our team of Spanish lawyers can offer legal assistance on this matter.
Catalonia, a developed region in Spain, registed in 2016 an economic growth of 3.5%. The increase was a direct effect of the activities carried out by the local industries and it is important to know that the Gross Domestic Product (GDP) increase was above the European Union’s average. At the same time, the Catalan economy was also above the Spanish GDP increase, situated at 3.2% in 2016. Businessmen interested in opening a company in Spain can find out more details on the legislation applicable to commercial companies from our team of Spanish lawyers.
The Spanish economy is expanding, as numerous economic sectors have reported positive results. An important aspect in this sense refers to the employment level, which is increasing in 2017. According to the governmental reports, the level of unemployment predicted for 2017 will decrease to 16.6%. At the same time, it is important to know that the Spanish government will also create new employment opportunities for 8,000 persons, who will be employed in the public sector. Our team of lawyers in Spain can offer more details on the employment legislation applicable in this country.
The International Monetary Fund (IMF) estimated that the Spanish economy is developing, as the economic growth for 2017 is estimated at 2.6%. The economic growth of the GDP for 2018 is evaluated at 2.1%, but there are very good news related to the employment level in this country. Investors who want to register a company in Spain and to hire employees from the local workforce may receive in-depth information on the requirements established in this sense from our team of Spanish lawyers.
Companies operating in Spain can benefit from a wide range of state grants, provided for various areas related to the development of a business. Such grants can be offered depending on the economic field in which the Spanish company operates, as well as on its size. The Spanish institutions can also provide several grants – in the form of loans or leasing, for the company’s working capital and our team of lawyers in Spain can offer legal assistance on eligibility criteria.
The business in Spain can be conducted if everyone involved puts the accent on values, attitude and correct principles. If you are interested in doing activities in Spain and contract local entrepreneurs or investors, it is best to find out details about the business etiquette before making any movement. Our Spanish lawyers are able to help you in this matter and besides that, you can solicit legal services for your company in Spain.
The Spanish legislation provides a set of investment grants available for both local and foreign businessmen who are concerned on the environmental issues caused by various business and industrial activities. Such grants are applicable to all types of legal entities available in Spain, regardless of their size. A part of them are available only for specific industries, while others are applicable to all types of business operations carried out here and our team of lawyers in Spain can offer legal assistance on the legal requirements applicable when applying for a local grant.
Spain is one of the largest economies of the world. Businessmen can set up their business operations in various successful industries in this country and, at the same time, they can apply for a wide range of grants to further develop the value of their company. Foreign investors can also apply for modernization grants offered by the Spanish authorities, provided that certain conditions are met, such as the category in which the business in operating, or its size. Our team of Spanish lawyers can offer an in-depth presentation on such grants.
Good news comes from the Iberic Peninsula, especially from Spain, which aims the foreign companies established in the country. The business environment continues to develop, according to the statistics on the last two years and positive outlooks regarding exports, staff, and turnover are reflected for the years to come, making Spain once again a powerful state. If you wish to invest in Spain’s important areas of interest, we recommend you to solicit complete information and advice from our Spanish lawyers, who can also assist in legal matters for your company.
Spain is recovering from the economic crisis that affected numerous sectors, and the real estate field seems to develop and to register new numbers. The property sales encountered a 2.3% growth last year and according to statistics and research in this significant field, authorities expect to achieve a new target in 2017. If you are interested in investing in the Spanish real estate sector we recommend you to ask for guidance and complete assistance from our lawyers in Spain.
Both local and foreign investors can apply for numerous grants available for businesses operating in Spain. Such grants are provided based on the investment field in which the Spanish company is operating and they are offered by a set of institutions incorporated in Spain. The grants can be offered only if the companies can respect a set of eligibility criteria, on which our team of lawyers in Spain can provide legal assistance
The renewable energy in Spain has always been a strong and important sector where authorities implemented numerous incentives and reforms to sustain the electricity from such source. The plans for 2017 are quite daring but not impossible, the authorities considering a 20% growth of the entire energy made of renewable resources.
2017 came with improvements and important changes in the tax matters in Spain. The self-employees, no matter if they are locals or from abroad are subject to these changes, and in this article, we are going to explain a few important things. We remind that our Spanish lawyers can provide you with details about the taxes you need to consider when opening a company in the country. Besides that, you can ask for more information about our legal services.