Buying and Selling a Property by Foreigners Part 2: Contractual Aspects and Legal Certainty in the Sale and Purchase of Properties with Non-Resident or Foreign Parties in Spain
Contracts in the Sale and Purchase of Homes The drafting and formalisation of contracts is a fundamental pillar in the sale and purchase of homes. Both the purchase contract and the earnest money contract are essential instruments to guarantee the legal security of the transaction. Contract of Sale and Purchase: This contract details all the […]
Guide to Incorporation of a Company in Spain
The deed of incorporation is an essential document in the process of setting up a company in Spain. This public instrument, executed before a notary, formalises the existence of the entity and regulates key aspects such as the identity of the partners, the corporate purpose and the share capital. In this article we explain […]
Accounting Obligations for SMEs in Spain: Everything your company needs to know
Accounting management is fundamental for the transparency and financial control of any company, especially in the case of SMEs in Spain. To comply with current regulations, these companies must keep detailed records of their economic operations. In this guide we explain the main accounting requirements, from the obligatory books to the presentation of annual accounts. […]
The new U.S. Corporate Transparency Act and its impact on businesses
In an effort to combat money laundering, terrorism financing, and corrupt business practices, the federal government of the United States of America has enacted the Corporate Transparency Act (CTA). This regulation, issued by the Financial Crimes Enforcement Network (FinCEN), aims to enhance visibility into business ownership, a significant change that will affect numerous companies operating […]
Portugal ends tax breaks for foreigners
Portuguese Prime Minister António Costa’s unexpected announcement of the elimination of aggressive tax benefits for non-regular residents in Portugal has reignited the debate over special regimes in several countries. Spain, in particular, has its own regime, colloquially known as the “Beckham law”, which benefits around 10,000 people every year, at a tax cost of over […]