Investing Successfully in Spain after Coronavirus

The climate for investments in Spain is good and bodes well for the future. Despite a multitude of emergency regulations in the past several months, the legislature’s intentions are generally foreseeable. Additionally, certain industries continue to benefit from low salaries in comparison with other European countries and the attractiveness, particularly that Spanish cities have, for young professionals. This, in turn, leads to a higher level of education in the available work force while applicable labour law is comparatively attractive for entrepreneurs. The political situation has also stabilised, since, after several re-elections in recent years, Spain now finally has a government. It remains to be seen, however, how the new coalition government will support business owners.

This entry was posted on 13 July 2020 by Nadja Vietz in Corporate and M&A.

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Sales Yes, Crowds No – The Spanish Government Rectifies Its Position in Light of the Rejection by Retailers of the Prohibition on Sales in Phase 1

The second additional provision of Ministerial Order SND/399/2020, of 9 May, of the Spanish Ministry of Health, which loosened some restrictions at the national level, introduced after the declaration of the national alert applying phase 1 of the New Normalisation Plan (see https://www.boe.es/eli/es/o/2020/05/09/snd399), caused much confusion among Spanish retailers and raised doubts about the application of the prohibition.

This entry was posted on 20 May 2020 by Vanessa Guzek in IP and Fashion Law.

New deadline corporate income tax Spain

COVID-19: A New Deadline for the Payment of Corporate Income Tax?

After the entry into force of the state of alarm, and until its end, the deadline to prepare the annual accounts is suspended. In addition, after the state of alarm is lifted (foreseen for the month of May), companies will have a “new term of three months” in which to prepare them. To this we must add that the shareholders generally have another, additional period of three months to approve the accounts.

This entry was posted on 29 April 2020 by Gustavo Yanes in Tax.