Investing in Spain: Advantages and Disadvantages
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Investing in Spain: Advantages and Disadvantages

in legal

Spain is a country with great potential for foreign investors. Since the economy bottomed out in 2013, many and very different companies have decided to enter the Spanish market in order to benefit from the economic upturn. In the first half of the year 2019 alone, foreign investment in Spain amounted to around 18 billion…

Dispute on the Possibility of Compensating Negative Tax Bases in Extemporary Declarations
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Dispute on the Possibility of Compensating Negative Tax Bases in Extemporary Declarations

in Tax

ContentsTEAC’s controversial decision and the doubts it raises1) The definition of “tax option”2) Is the submission after the deadline a correction?The jurisprudence after the TEAC decision is ambiguous TEAC’s controversial decision and the doubts it raises The decision of the Central Economic-Administrative Court (“TEAC”) on April 4, 2017, gave rise to a controversial and burdensome…

Opening Franchise Business in Spain
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Opening Franchise Business in Spain

in legal

Franchising has become a popular option for founders who do not want to implement their own ideas but would still like to be independent. ContentsWhat is a franchise?How does franchising work exactly?Franchise in Spain: facts and figuresHow to open a franchise?1. Choose the best franchise for you2. Examine details3. Writing a business plan4. Secure your…

Applying for Spanish Residency
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Applying for Spanish Residency

in legal

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…

What Are The Benefits Of Tax Planning
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What Are The Benefits Of Tax Planning

in Tax

The main purpose of tax planning is to legally reduce or defer the amount of payable tax and use that money to generate income and adjust cash flow. Consistent and proper planning can save or delay payment of many of the taxes you pay: value-added, profits, or personal income. Proper preparation and consistent execution generally…

How should companies face a tax audit or tax inspection in Spain?
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How should companies face a tax audit or tax inspection in Spain?

in Tax

There are different types of tax audits or inspections done by th Spanish Tax Office. However, they all serve to ensure that a company has paid its taxes correctly and in the correct amount within a certain period of time. Whatever the reason for the tax audit, it is important that the company is aware…