September' 2017 | Archive | Blog
Foreign investors in real estate in Spain have almost double the amount of expenditure in the first half of 2017 compared to the same period last year, shows a report issued by international consultancy firm JLL. Spanish cities Madrid and Barcelona remain the top recipients of FDI, however, Malaga and Seville are also interesting options. Our lawyers in Spain talk about foreign investment in property and the laws that apply to these transactions.
Exports from Malaga, Spain have increased by 20% on a year-on-year basis. Experts believe that if the growth remains constant throughout the remainder of the year, then the region can expect to set a new exports record by the end of 2017. The top exported products remain food and drinks, while others like clothing have also increased their sales. One of our lawyers in Spain can help you with information on investments in these fields and the conditions for exporting products.
The Spanish online gambling industry is regulated by the Spanish Gaming Act, which came into force in 2011. The Act refers to both regional gambling activities, which need licensing from the autonomous region in which the company was registered, as well as the online gambling activities that must obtain an authorization at a national level. However, if the online activities are carried only in a specific region of the country, the investors will need an approval issued by the institutions of the autonomous region and, in this sense, it is important to know that Spain has 17 autonomous regions and two autonomous cities. Our team of lawyers in Spain can offer in-depth assistance on the regulations available for this type of activity, as well as on the specific tax aspects related to the gambling industry.
Foreign tourists who visited Spain in the first six months of 2017 spent an overall sum of EUR 37.22 billion, which represented an increase of 14.8% compared to the same period of time of the previous year. As it was the case in the last years, UK citizens were the top tourists in Spain. The data provided by the National Statistics Institute revelead that British tourists spent the largest sum of money (7.55 billion). The tourism industry in Spain is a highly developed field of activity and investors who want to start a company here may set up their business operations in one of the top Spanish touristic destinations. Our team of lawyers in Spain may assist foreigners with advice on this matter.