The Spanish Registration System
Registration in the Spanish Registration system generally has a declarative character, but in some cases it might be of incorporation character and thus obligatory in order to provide protection. Once a proper registration has been carried out, it produces several favorable effects according to principles of legality, specialty and Chain of Title.
Foreign Investors Lead the Spanish Housing Market
In the second half of 2013, one in every six homes in Spain was bought by a foreign national purchaser. The favorite cities for foreigner investors are Alicante, Malaga, Barcelona and Tenerife.
Spain Will soon Approve the Law to Support Entrepreneurs
The Draft on the Law to Support Entrepreneurs will be adopted on September 11, 2013 in the plenary session.
General meeting by video conference for limited partnerships in Spain
The use of remote methods for voting in general meetings of limited liability companies or for delegation in favor of a third party is not prohibited as long as a record of these actions can be found in some medium, film, magnetic band or computer.
New Modification in the Entrepreneur Draft Law
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.
Support to Foreign Entrepreneurs in Spain
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.
Foreign Investment in Spain continues to increase
A high number of foreign investments in Spain were recorded during the first half of 2013 and it is further expected to increase. Favorable factors for the increase are considered to be the drop in prices of property in Spain and the assistance to foreign investors provided in the draft of the Law to Support Entrepreneurs and Internationalization.
Next phases of the Entrepreneurs’ Law in Spain
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.
Spain adopts measures to ease and promote the rental housing market
Law 4/2013, of 4 June 2013 provides more freedom in drafting rental contracts, their elements and clauses.
Renewal of the Non-Worker Temporary Residence Permit in Spain
It is possible for a foreign national to renew their Non-Worker Temporary Residency Permit. This must be done during the 60 calendar days before the expiration of the old permit, by providing all the necessary documentation and meeting certain requirements. Each renewal lasts for 2 years.
