According to the latest modification to the draft of the new Law of Entrepreneurs, entrepreneurs must provide certification of Ownership and Encumbrance attestating to their investment. The certification must contain an electronic verification code for online consultation.
With the draft of the new ¨Law of Entrepreneurs¨, foreign investors from non-EU countries will be able to obtain an entry visa and a residential status with ease, as long as their entrepreneurial activity is of innovative character and special economic interest for Spain. Other general requirements for residency authorizations must also be met.
After the approval of the Law to Support Entrepreneurs and Internationalization, the Financial Commission is preparing to pass the draft on to the Senate and then to the Congress of Deputies to ratify the final official text.
The draft of the Law to Support Entrepreneur and Internationalization was approved at the Minister’s meeting that took place on June 28, 2013. The bill is now to be passed on to the government for which special plenary sessions will be hold on July 16th and 17th.
Vice President Soraya Sáenz de Santamaria announced in Berlin that the Entrepreneur Law Project will be approved by the Spanish Council of Ministers this Friday. We await further details on what this means for clients interested in the Spanish Residency Permit for investors or property owners.
Despite initial reports, there is no confirmation or updates on the approval of the Entrepreneur’s Law by the Spanish Government last week, which aims to grant residence permits to non-EU citizens investing in Spanish property.
The Law 3/2004 of December 29 established measures to combat late payment in commercial transactions. Specifically, Article 7.2 clarified the default interest rate. Until February 23, 2013, the Article dictated: …
This week, news outlets reported some new information about the entrepreneurs’ law that is still in its draft stage. The government will soon pass a law that will allow, among …
Spain will grant residence permits to foreign individuals purchasing homes with a value equal to or exceeding 500,000 Euros. The aim is to attract wealth from countries.
The recent Mediation Law on Commercial and Civil Issues (Law 5/2012, 6th of July) needs regulatory development. To this end, lawmakers have drafted a Royal-Decree Project (Project) that develops the …
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