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The Supreme Court has recently established a key criterion that directly affects companies in formation and their shareholders. From now on, the income generated by these companies, as long as they are not registered in the Commercial Registry, will be directly attributed to the shareholders, who will be taxed through to pay tax on it
Choosing Spain to do business with your company can be an interesting approach to continue to grow in an increasingly competitive market. However, in many cases, it will be necessary an appointment of a company’s representative before the National Securities Market Comission (CNMV). Non-resident entities in Spain are required to appoint a representative before the
Nowadays, holding companies are the umbrella that many family businesses need to reorganize their structure and activity as well as for saving taxes. The advantages they offer are undoubtedly attracting companie’s interests. For this reason, we would like to discuss the most relevant aspects of this type of company with you. What are holding companies?
The Spanish government has announced a significant decision that directly impacts the foreign property investment landscape in Spain: the end of the ‘Golden Visa’ programme. The golden visa programme allowd foreigners who made an investment of at least 500.000 euros to reside and work in Spain for a period of time of three years, with
In order to safeguard the interests of shareholders and stakeholders of a company, sometimes the best option to prevent the entry of new shareholders is to restrict the transfer of shares. For this purpose, it is crucial to keep in mind that: 1. If the partners do not agree on anything in the articles of
Do you know the sanctions for not filing your annual accounts with the Commercial Register? Many companies often often forget about this crucial step, possibly due to inactivity, even though they are officially registered. However, this submission is mandatory and must be made within 1 month period following its approval by the General Meeting of
Since 2022, it has been considered that the shares of unlisted foreign entities whose assets consist of at least 50%, directly or indirectly, of real estate located in Spanish territory may also be subject to IP taxation as if they were entities established in Spain. In addition, the shares in the foreign company must be
To create a Foundation, it is necessary to have an initial foundational endowment of at least 30,000 euros, which can be monetary or non-monetary. If the endowment is monetary, 25% of the 30,000 euros must be contributed, and the rest within five years. What if the initial endowment is less than 30,000 euros? The founder
In some instances, directors may be liable to the tax authorities for the tax debts of their companies. This liability may be joint and several or subsidiary: In the case of joint and several liability, the tax authorities may declare the director jointly and severally liable if they have directly caused a tax infringement. Here,
Having a holding structure in your group of companies means you can apply a series of tax advantages in deductions or special regimes to reduce your tax liability compared to traditional companies. The tax advantages are: Exemption in the case of dividend distributions from investee companies. Dividends distributed by a subsidiary to its parent holding
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