Agrarian Sector in Spain Increased by 5% in 2017


In 2017, the value of the agrarian industry in Spain increased by 5% on a year-to-year basis. According to the data provided by the Ministry of Agriculture in Spain, the agrarian sector accounted for EUR 49.2 billion at the level of 2017

Solid Increase for the Hybrid Vehicles Sales in Spain


The sales of hybrid cars in Spain increased at a rapid pace throughout 2017. Businessmen who want to invest in Spain in this industry should know that the hybrid cars market developed in 2017 (up until September 2017) by 83% compared to the same period of 2016. At the moment, the registration of hybrid cars in Spain accounts for 51,079 vehicles, as presented by the Spanish Association of Manufacturers of Automobiles and Trucks (ANFAC)Our team of Spanish lawyers can offer legal assistance on the main regulations that must be respected by companies which sell hybrid vehicles on this market. 

Over 7,000 New Companies Created in October in an Increasing Trend


Spain’s Statistical Office reported that more than 7,000 new companies were created in October. The total business creation percentage rose by 1.5 percent compared to the same month last year. Our lawyers in Spain can give you complete details on how to open a company in Spain and the main rules and regulations for business creation.

New Application Period for Online Gaming Licenses in Spain


Gaming operators in Spain are offered a new window of time during which they can apply for licenses for these types of activities. This is the third time when business owners in Spain are offered a period to apply for these permits since the sector was regulated in 2011. One of our lawyers in Spain can give you complete information about the special licenses needed in the gambling sector. 

New Rules for Disputes Between Consumers and Firms


The legal framework for arbitration matters between consumers and companies in Spain has recently been modified. Under the new legislationcustomers disputes with companies providing goods and services in Spain are free of charge for the customers. At the same time, there are no thresholds for the value of a claim, a provision that was introduced in the Spanish national legislation under the requirements of the European Union (EU)Our team of lawyers in Spain can provide in-depth legal advice on the arbitration rules applicable here. 

Construction Sector Will Grow Annually at a 3.4% Rate Between 2016 and 2020


Spain’s construction sector is making a strong comeback after the economic struggles that followed after the 2008 crash. Now, the construction of residential and commercial buildings s through to maintain a constant growth of 3.4 percent through 2020, according to recent data. Our lawyers in Spain can give you complete information on the regulation of constructing activities and the requirements for companies operating in this field.

Economic Growth in Spain, Above the 3% Forecast


The Spanish economy is increasing and recent data on the country’s gross domestic product (GDP) show that the real increase for 2017 is above the 3% forecast. The National Institute of Statistic (INE) estimated that the Spanish GDP for 2017 will be situated at 3.1%, despite the recent events that occurred in the Catalan regionOur team of Spanish lawyers can offer in-depth assistance on the main business activities carried out in this country and can advise businessmen on the legislation regulating these sectors. 

Increasing Number of Tourists in Malaga, Spain


Malaga is one of the top touristic destinations in the region of Andalucia, Spain. On a yearly basis, foreign tourists (more specifically, tourists from the countries which are not member states of the European Union) spend EUR 160 million during their visits in the region of Andalucia and 80% of this sum derives from shopping activities in MalagaOur team of Spanish lawyers can advise investors in how to establish a company which provides touristic services, such as a tour operator or a similar type of business in this region. 

Madrid and Barcelona, in Top of the Best Cities for Startups


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.

Record Funding for Spanish Start-up Companies in Q1 2017

The start-up environment is increasing at a rapid pace. In the first quarter of 2017, the level of investments carried out for start-up companies registered the highest value in the last years, reaching a total value of EUR 305 million. More importantly, the funding received by the Spanish start-up companies in the first quarter of 2017 represents 58% of the total funds obtained in 2016. Investors in Spain interested in launching an innovative product or service can receive legal assistance from our team of Spanish lawyers on the funding programs available for start-ups.

Requirements for Opening an IT Company in Spain


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 Andalucia, Exempted From Taxation for Values Below EUR 1 Million


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 nationalOur 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

Top Regions in Spain Attracting Real Estate FDI


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. 

Balearic Islands Economy to Grow in 2017 and 2018

New data released by the BBVA Research shows that the economy of the Balearic Islands, the archipelago off eastern Spain, is set to increase both in 2017 and in 2018. This economic boom is due to the growth in tourism and that in the construction industry. One of our lawyers in Spain can tell you more about how you can invest in Spain or any one of its off coast regions.

Exports from Malaga Province Increased by 20%


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.

Taxation of Spanish Online Gaming Industry


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 citiesOur 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

Incoming Tourists Expenditures Increased by 14% in the First Half of the Year


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 destinationsOur team of lawyers in Spain may assist foreigners with advice on this matter. 

VAT Cut for Cultural Activities


The Spanish Government plans on cutting down the value added tax for cultural activities. This decision comes after a decrease of the popularity and the sales for live events in the country. Investors in the entertainment industry in Spain can talk to one of our attorneys in Spain to find out more how they will benefit from the implementation of this measure.

Tourism in Spain Unlikely to be Influenced by Barcelona Attack


Investors in Spain in the tourism sector can expect no long-lasting effect of the Barcelona attack on their business, experts believe. The estimate is based on the city’s size and the fact that it is a top tourist destination. Moreover, other cities that have seen similar events, like London, have experienced a rapid bounce back in their number of tourists.

Spain Records Strong Quarterly Growth


Spain’s economy recorded its largest growth since the pre-crash peak. The 0.9% growth in the second quarter of 2017 was among the largest in Europe and it was significantly larger than the growth figures recorded by the United Kingdom, for example. European statistics offices point it that the economy grew faster than it was predicted for the April-June period. One of our lawyers in Spain can give you complete information on the current conditions for investment and the policies that are favorable for foreign entrepreneurs in Spain. 

IMF: Spanish Economy to Outgrow the Economic Projections for 2017

Traditionally speaking, Spain is a great location for starting a company. Businessmen who want to invest in Spain may benefit from the advantages of the local economy, which is set to increase in 2017 to a higher level higher that the original estimates. According to the data provided by the International Monetary Fund (IMF), the Spanish economy will increase in 2017 by minimum 3,1%, a higher rate than the inital projection of the institution (2,6%). Our team of lawyers in Spain can offer further assistance on the investment legislation available for foreign businessmen. 

Real Time Reporting for VAT in Spain


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.

A New Record for the Spanish Tourism due to British Citizens


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, Top Destination for UK Citizens Purchasing Properties Abroad


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 SpainOur 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 Property Market Recovers in Spain


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.