Starting with 2008, the regulations applicable to the financial sector in Spain have been constantly modified, as a direct consequence of the economic crisis that hit the European countries. At the moment, the Spanish regulations available for financial companies are divided based on specific sectors and the investors who want to open a company in Spain in the financial…
The fast moving consumer goods (FMCG) sector in Spain has developed in 2017, due to the local consumer confidence and needs. In the first eight months of the year, the FMCG sector increased in value by 0.8% compared to the previous year and the highest growth was observed for fresh food products. Investors…
A hotel is defined as an accommodation unit which must meet certain criteria. There are several types of accommodation units that are available for short-term stays, but a hotel is recognized by the star clasiffication system. Businessmen who want to open a company in Spain registered as a hotel should know that the unit can be classified under a 5 star system, in which 1 star is attributed to…
A trust in Spain is seen as a fund which does not have a legal personality. Its main usage is to transfer ownership rights to a beneficiary, who will own various types of assets or part of the assets. In the situation in which the settlor (the person who will set up the trust) will transfer ownership only to a part of a property,…
In order to open a company in the construction sector in Spain, the investors will need to follow the regulations applicable to commercial companies. The procedure of company formation in Spain implies the registration for taxation matters, the drafting of the company’s statutory documents and the employment of the local workforce following the employment legislation. These…
In order to open a merchant account in Spain, the applicant, which has to be represented by a legal entity, must provide a set of corporate documents. Our team of company formation agents in Spain can offer advice on the procedure, as well as on the most suitable type of merchant account that should be…
Commercial companies in Spain can develop business activities in the insurance sector, once they have obtained the necessary licenses for their specific activities. Insurance sector in Spain refers to insurance services related to life and non-life contracts, which can be signed by both natural individuals and legal entities. Investors who want to open a company in Spain in this…
Spain and Austria signed a treaty for the avoidance of double taxation in December 1966. The treaty is applicable to natural persons and legal entities, tax residents of both countries and it is enforced when the tax residents of a state are performing taxable activities in the other contracting state. Austrian tax residents who are interested in opening a company in Spain can…
Australian investors who tak into consideration to open a company in Spain can benefit from the provisions of the double taxation treaty signed by the authorities of Spain and Australia. The agreement provides a comprehensive framework on the taxes applied by the two states, as well as on the measures related to the avoidance of tax evasion. The double taxation agreement (DTA) was…
A joint stock company in Spain can be set up by foreign investors, who are interested in trading the company’s assets on the local stock exchange. A joint stock company is also referred to as a public limited liability company and it is important to know that the entity is an autonomous business form. When opening a company in Spain under this…
