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.