Franchising has become a popular option for founders who do not want to implement their own ideas but would still like to be independent. What is a franchise? When founding a company through franchising, a branch of an already established brand or “chain” is opened. One of the best-known franchise systems is McDonald’s: instead of…

The Spanish Residency (Residencia) is only possible if various requirements are met (pensioners, students, employment contract holders, self-employed, family members of residents…), and is often confused with the Spanish N.I.E number. Tax law and administrative aspects have to be considered. The registration in the Central Foreigners Register (Registro Central de Extranjeros) can be applied for…

On the occasion of the crisis produced by the COVID-19, last Friday the Royal Decree-Law 7/2020 of 12 March was published in the BOE and today the Royal Decree-Law 8/2020 has been published. Of the set of measures approved, the measures of a tax, labor and social security, commercial and financial nature affecting the development…

Insolvency refers to the state of a company or a private individual in which it is no longer able to settle outstanding payments because its expenses can no longer be covered by its income. This can be caused by, for example, bad investments, incorrectly assessed business risk or errors in the price calculation. But also…

Risk is the probability of an adverse event and its consequences. Financial risk refers to the likelihood of the occurrence of an event that has adverse financial consequences for an organization. The concept should be understood in a broad sense, including the possibility that the financial results may be higher or lower than expected. In…