Procedures required for photovoltaic solar installations in Spain
The approval of the installation of a photovoltaic solar park in Spain involves a series of administrative and technical procedures. We analyse the most relevant steps to follow to carry out the project with success.
What is the special tax on real estate of non-resident companies?
Non-resident companies that own real estate in Spain are subject to the non-resident income tax by means of a special tax payable on 31 December of each year and which must be paid in January of the following year.
Labour Law in Spain: provisions on working hours and public holidays
Companies that carry out business in Spain must comply with the applicable labour standards on working hours and public holidays. This includes compliance with minimum rest and maximum working hours as well as annual leave and public holiday regulations.
Advantages and disadvantages of representations and warranties insurance
The contracting of representations and warranties insurance is an option that has been increasing during the last years in the framework of M&A operations. This is due to the great advantages it offers for both parties, although there are also some drawbacks that need to be kept in mind.
Renewable energy: The contract for the transfer of surface rights
The installation of photovoltaic power stations (solar parks) or wind energy farms requires the formalisation of a contractual relationship between the developer and the owner of the designated land. Through its advantages, the contract for the transfer of surface rights has acquired great prominence over sale or rental contracts.
Unsuccessful enforcement by the creditor as a basis for the necessary bankruptcy application
Unsuccessful enforcement by the creditor implies the existence of a title by which enforcement has been effected, without sequestration resulting in sufficient unencumbered assets for the payment of the outstanding credit.
The 4 stages of due diligence
Read the full article: Terms and phases of the due diligence as part of a business transfer
The double salary scale in the company for new incorporations
Companies will have the possibility to establish a double salary scale based on the date of incorporation of the employees, as long as they respect the provisions of the applicable law and collective agreements.
Representations and warranties insurance in the purchase and sale of companies in Spain
The use of representation and warranties insurance (R&W) is becoming more and more frequent in Spain in the field of the purchase and sale of companies. The premiums increase, costs reduction or process simplification are some of the reasons for their growth.
