Tax Residency under Golden Visa
Does the Spain’s residency by investment have effects on tax residency status of the applicant? Under Spain’s Act 14/2013, from September 27, on support for entrepreneurs and their internationalization, certain cases are regulated in which, for reasons of economic interest, the approval of visas and residency permits is facilitated and expedited in order to attract […]
New Act regulating Real Estate credit agreements
On March 16, Act 5/2019, of March 15, regulating real estate credit agreements was published in Spain’s BOE, which entered into force on June 16, 2019. The purpose of this Law is the transposition of Directive 2014/17/EU of the European Parliament and of the Council, of February 4, 2014, on credit agreements for consumers relating […]
Madrid’s Townhall Plan Especial de Hospedaje (PEH) enters into force
On April 23, the Special Plan for the Regulation of the Use of Tertiary Services of Accommodation (PEH), approved by the Madrid City Council, was published and entered into force in the Official Gazette of Madrid with the goal to preserve residential use in the central areas of the city, by means of a new […]
Royal Decree-law with contingency measures for a Brexit without agreement
As a consequence of the uncertainty about the United Kingdom’s departure from the European Union, the Government of Spain has approved the Royal Decree-law 5/2019, of March 1, which adopts contingency measures before the withdrawal of the United Kingdom and Northern Ireland from the European Union without reaching the agreement provided for in Article 50 […]
Inheritance Tax: changes for non-EU non-residents
In general, with globalization, inheritances and donations from non-residents for which it is necessary to pay taxes in Spain are becoming more frequent. In this sense, Spanish national regulations on Inheritance and Gift Tax allowed the Autonomous Communities to establish various tax reductions that were exclusively applicable in the case of a connection with their […]
Golden Visa: Requirements for residency by investment
According to the Spanish Entrepreneurs Act that came into force on September 29, 2013, residency visa and authorization is intended to allow foreigners to access a residency status in Spain through a significant capital investment. A significant capital investment will be understood as the one that meets any of the following: 1. An initial investment […]