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…
Beckham Law is the tax for non-residents that apply only to income earned in Spain, not to world income. This option applies to the year of resettlement and the 5 following years, provided a number of other conditions are met. This law intends to attract highly skilled professionals from abroad through tax benefits. In this…
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…
Non-residents of Spain are generally taxed on their world income in their country of residence and pay taxes in Spain only in respect of assets located here. The ownership of real estate plays a particularly important role here, as it affects both income tax and real estate tax. In order to be able to carry…
Foreign investment is an international capital movement undertaken with the intention of obtaining a direct and lasting influence on the business activities of the enterprise receiving the capital or of injecting new funds into an enterprise in which the investor already holds a significant interest. These foreign investments are mostly made by multinational companies. Foreign…
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