Madrid and Barcelona were included in the top fifteen cities in Europe more suitable for startups. The two Spanish cities are perceived as somewhat rivals, however, this rivalry that spurs competition is precisely what makes them some of the best locations for startup companies based in the EU. Investors in Spain have a multitude of benefits and foreign entrepreneurs are treated the same was as local investors.

Spain has an extensive and well-represented information and communication technology sector (ICT) that is well-represented by both local and foreign companies. Those who open an IT company in Spain have access to an evolving business sector, with accessible labor costs and a good regulatory regime for businesses. Our lawyers in Spain describe the requirements to open a company in this field.

Inheritance in the region of Andalucia, Spain, will be exempted from taxation for properties with a market value below EUR 1 million. The new regulation represents the most important tax reduction applicable to inherited assets in the last 35 years and it is available to certain categories of family members. The legislation was adopted at the end of September, 2017, and it is also applicable to persons who are citizens of the European Union (EU) and European Economic Area (EEA), as long as they are related to a Spanish national. Our team of lawyers in Spain can provide legal assistance on the legislation related to Spanish inheritance in the region of Andalucia, as well as on other Spanish regions.