For the 2022 fiscal year, the Treasury published the Tax Control Plan with the main lines of action for taxpayers’ obligations this 2023. What modifications We share with you the most important points that you should take into account, keep reading!
Learn about the key points of the Treasury’s Tax Control Plan
For the 2022 fiscal year, the Treasury published the Tax Control Plan with the main lines of action for taxpayers’ obligations this 2023. What modifications We share with you the most important points that you should take into account, keep reading!
Every CEO needs to have a good relationship with his or her company and partners. Which contract would best reflect that bond? The senior management contract seems to be one of the least used options compared to the commercial and labor contract. So, what are the particularities of each one? Here we tell you about them!
The best choice will depend on the size of your company and the complexity of its structure. Here we will answer these questions so that you can choose the best contract.
Top management contract for a CEO, the best option?
Every CEO needs to have a good relationship with his or her company and partners. Which contract would best reflect that bond? The senior management contract seems to be one of the least used options compared to the commercial and labor contract. So, what are the particularities of each one? Here we tell you about them!
The best choice will depend on the size of your company and the complexity of its structure. Here we will answer these questions so that you can choose the best contract.
In 2023, the Startup Law will come into force, which has several tax incentives for investors and entrepreneurs, meaning that they can enjoy up to a 50% tax deduction. This means that they will be able to enjoy up to a 50% deduction of the amount. Do you want to know more? Stay until the end and learn about the new tax incentives for investors this 2023, let’s get to it!
What are the tax incentives for investors brought by the Startup Law this 2023?
In 2023, the Startup Law will come into force, which has several tax incentives for investors and entrepreneurs, meaning that they can enjoy up to a 50% tax deduction. This means that they will be able to enjoy up to a 50% deduction of the amount. Do you want to know more? Stay until the end and learn about the new tax incentives for investors this 2023, let’s get to it!
In August of last year, the reform of the Immigration Law came into force, which brings with it beneficial changes for immigrants residing in Spain. This new approach to the law will help to make all bureaucratic processes easier when it comes to managing any procedure, making getting a work permit a simpler process. Find out with us how the work permits are now with this reform!
What is the status of work authorizations after the modification of the Spanish General Law on Foreigners?
In August of last year, the reform of the Immigration Law came into force, which brings with it beneficial changes for immigrants residing in Spain. This new approach to the law will help to make all bureaucratic processes easier when it comes to managing any procedure, making getting a work permit a simpler process. Find out with us how the work permits are now with this reform!
The Audiovisual sector in Spain has grown impressively in recent years. The plan “Spain, Audiovisual Hub of Europe” aims to turn the country into the main audiovisual hub in Europe through national audiovisual production and attracting international investment and talent. If you are interested in learning more about this plan that seeks to transform Spain into an audiovisual hub, stay with us and find out all about it, Come on!
Spain to become the new audiovisual hub thanks to the Audiovisual Sector Support Plan
The Audiovisual sector in Spain has grown impressively in recent years. The plan “Spain, Audiovisual Hub of Europe” aims to turn the country into the main audiovisual hub in Europe through national audiovisual production and attracting international investment and talent. If you are interested in learning more about this plan that seeks to transform Spain into an audiovisual hub, stay with us and find out all about it, Come on!
Foreign investment in Spain is an area that is constantly growing and developing, according to the data recorded. During these last years it has been shown that the country is in a very favorable moment for business, due to its open and competitive economy, which makes it an attractive environment for foreign investors. If you are interested in knowing the details about foreign investment in Spain, this article is for you! Join us!
Foreign investment in Spain is an area that is constantly growing and developing, according to the data recorded. During these last years it has been shown that the country is in a very favorable moment for business, due to its open and competitive economy, which makes it an attractive environment for foreign investors. If you are interested in knowing the details about foreign investment in Spain, this article is for you! Join us!
Last December 1, 2022, the Congress approved in a definitive way the Law for the Promotion of the Startup System, better known as the Startup Law. This law aims to establish a specific regulatory framework to support the creation and growth of these emerging companies, do you want to know more about the Startups Law and how it can benefit you? Then this article is for you!
What is the new Startup Law?
On November 3, the Congress of Deputies approved the Startups Law with a different consensus than usual in the Chamber. The new Startups Law BOE passed with 177 votes in favor. It was expected an agile processing in the Senate to approve it in its entirety by the end of the year so that it could enter into force at the beginning of this 2023.
This Law is the Spanish Government’s regulation that seeks to facilitate the creation and development of new technology-based and innovative companies. In addition, it seeks to make the country a reference in terms of entrepreneurship at European level.
There is no doubt that the legal framework is one of the aspects that can most promote the creation of new companies. Consequently, it also boosts the economy.
But how will the government achieve this? Well, through a series of tax incentives, favorable regulations, elimination of bureaucratic obstacles and the relaxation of many of the procedures.
In that sense, the Startup Law is governed by the following objectives:
What are the main changes proposed by the Startups Act 2022?
Ten months after its arrival in the House, the Startup Law retains its main elements. But, at the same time, it has introduced important novelties such as:
Incorporation of cooperatives to the regime of emerging companies.
If you are a self-employed entrepreneur who wants to take advantage of the benefits of the Startup Law, you will have to set up a Limited Company (SL) or a cooperative. These, thanks to the new amendments, are also an option.
There will be a certifying company and the administrative silence will be positive
The Empresa Nacional de Innovación, S.A. (ENISA) will certify which companies are considered startups and which do not meet the conditions. But now, with the new changes introduced, it will be able to enter into agreements with third party public or private collaborating entities.
Positive administrative silence is also established. In other words, if your company applies to ENISA for certification as a startup and there is no pronouncement from ENISA within three months, this means that the company will obtain a favorable resolution.
Requirements to certify that a company is a startup
The Startup Law goes deeper into different criteria when evaluating the requirements that companies need to be certified as startups. The analysis of the degree of innovation and the scalability of the business model is more detailed.
In addition, criteria such as competence, team training, reliance on suppliers, technological innovation and more will be weighted.
Training
The new Startup Law establishes that graduates of vocational training or higher education will also be able to apply for residency for highly qualified profiles. In this way, the benefits of these may be equated to vocational training studies.
Serial entrepreneurs
The figure of serial entrepreneurs, i.e., those who have successfully launched a startup before, is recognized. In this case, they are granted the benefits of the Startup Law to the first four companies they create. Thus, the previous limitation of three companies is extended.
In Spain, these entrepreneurs represent 62%, according to the Entrepreneurship Map. For many, this recognition is really important. This is because the more experience and learning they have, the more likely they are to succeed and, in addition, niches in which to innovate can be detected.
Bonus of the quotas
It establishes the rebate of the quotas for self-employed workers of startups and companies that develop multiple activities. That is to say, if you are a freelancer who starts your activity in a startup while working in another company, you will be 100% bonus for the quota during the first three years, to exempt them from having to pay twice.
Turnover
The business threshold is increased to 10 million euros in order to consider a company as a startup. One of the requirements is that “it does not reach a turnover of more than ten million euros”. However, the original text established a limitation of 5 million euros.
Tax treatment for venture capital entities
A different and specific tax treatment is established for the so-called carried interest, i.e., venture capital entities. They will be taxed as earned income with a 50% tax exemption.
Digital nomads
The visa and special tax conditions for international teleworkers, better known as “digital nomads”, are established. The visa has a duration of one year and a special tax regime is contemplated for this type of worker.
Likewise, they will be taxed under the IRNR (Non-Resident Income Tax) and not under the IRPF (Personal Income Tax).
Do you want to develop your business idea in the Spanish territory? The Startup Law can be a great option for you. If you need legal or tax advice to achieve the success of your business, in TAS Consulting the best professionals are at your disposal to accompany you every step of the way. Contact us through tasconsultoria@tas-sl.es and schedule your free appointment.
What does the new Startup Law in Spain consist of?
Last December 1, 2022, the Congress approved in a definitive way the Law for the Promotion of the Startup System, better known as the Startup Law. This law aims to establish a specific regulatory framework to support the creation and growth of these emerging companies, do you want to know more about the Startups Law and how it can benefit you? Then this article is for you!
What is the new Startup Law?
On November 3, the Congress of Deputies approved the Startups Law with a different consensus than usual in the Chamber. The new Startups Law BOE passed with 177 votes in favor. It was expected an agile processing in the Senate to approve it in its entirety by the end of the year so that it could enter into force at the beginning of this 2023.
This Law is the Spanish Government’s regulation that seeks to facilitate the creation and development of new technology-based and innovative companies. In addition, it seeks to make the country a reference in terms of entrepreneurship at European level.
There is no doubt that the legal framework is one of the aspects that can most promote the creation of new companies. Consequently, it also boosts the economy.
But how will the government achieve this? Well, through a series of tax incentives, favorable regulations, elimination of bureaucratic obstacles and the relaxation of many of the procedures.
In that sense, the Startup Law is governed by the following objectives:
What are the main changes proposed by the Startups Act 2022?
Ten months after its arrival in the House, the Startup Law retains its main elements. But, at the same time, it has introduced important novelties such as:
Incorporation of cooperatives to the regime of emerging companies.
If you are a self-employed entrepreneur who wants to take advantage of the benefits of the Startup Law, you will have to set up a Limited Company (SL) or a cooperative. These, thanks to the new amendments, are also an option.
There will be a certifying company and the administrative silence will be positive
The Empresa Nacional de Innovación, S.A. (ENISA) will certify which companies are considered startups and which do not meet the conditions. But now, with the new changes introduced, it will be able to enter into agreements with third party public or private collaborating entities.
Positive administrative silence is also established. In other words, if your company applies to ENISA for certification as a startup and there is no pronouncement from ENISA within three months, this means that the company will obtain a favorable resolution.
Requirements to certify that a company is a startup
The Startup Law goes deeper into different criteria when evaluating the requirements that companies need to be certified as startups. The analysis of the degree of innovation and the scalability of the business model is more detailed.
In addition, criteria such as competence, team training, reliance on suppliers, technological innovation and more will be weighted.
Training
The new Startup Law establishes that graduates of vocational training or higher education will also be able to apply for residency for highly qualified profiles. In this way, the benefits of these may be equated to vocational training studies.
Serial entrepreneurs
The figure of serial entrepreneurs, i.e., those who have successfully launched a startup before, is recognized. In this case, they are granted the benefits of the Startup Law to the first four companies they create. Thus, the previous limitation of three companies is extended.
In Spain, these entrepreneurs represent 62%, according to the Entrepreneurship Map. For many, this recognition is really important. This is because the more experience and learning they have, the more likely they are to succeed and, in addition, niches in which to innovate can be detected.
Bonus of the quotas
It establishes the rebate of the quotas for self-employed workers of startups and companies that develop multiple activities. That is to say, if you are a freelancer who starts your activity in a startup while working in another company, you will be 100% bonus for the quota during the first three years, to exempt them from having to pay twice.
Turnover
The business threshold is increased to 10 million euros in order to consider a company as a startup. One of the requirements is that “it does not reach a turnover of more than ten million euros”. However, the original text established a limitation of 5 million euros.
Tax treatment for venture capital entities
A different and specific tax treatment is established for the so-called carried interest, i.e., venture capital entities. They will be taxed as earned income with a 50% tax exemption.
Digital nomads
The visa and special tax conditions for international teleworkers, better known as “digital nomads”, are established. The visa has a duration of one year and a special tax regime is contemplated for this type of worker.
Likewise, they will be taxed under the IRNR (Non-Resident Income Tax) and not under the IRPF (Personal Income Tax).
Do you want to develop your business idea in the Spanish territory? The Startup Law can be a great option for you. If you need legal or tax advice to achieve the success of your business, in TAS Consulting the best professionals are at your disposal to accompany you every step of the way. Contact us through tasconsultoria@tas-sl.es and schedule your free appointment.
Spain is once again positioned among the top 10 positions worldwide in the PPA ranking as one of the most attractive markets for the closing of this type of agreements. This appears in the Renawable Energy Country Attractiveness Index (RECAI) report, where Spain appears among countries such as the United States, which tops the list, China and Germany. Do you want to know more about what makes Spain so attractive for investing in renewable energies? Then this article is for you!
Spain rises to number 8 among the most attractive countries to invest in renewable energies
Spain is once again positioned among the top 10 positions worldwide in the PPA ranking as one of the most attractive markets for the closing of this type of agreements. This appears in the Renawable Energy Country Attractiveness Index (RECAI) report, where Spain appears among countries such as the United States, which tops the list, China and Germany. Do you want to know more about what makes Spain so attractive for investing in renewable energies? Then this article is for you!
If you want to recover VAT from France, you first need to know what are the regulations that govern it. If you went on a business trip and you don’t claim your VAT back from France, your company could lose a lot of money, go here and find out the best way to recover your French VAT!
If you want to recover VAT from France, you first need to know what are the regulations that govern it. If you went on a business trip and you don’t claim your VAT back from France, your company could lose a lot of money, go here and find out the best way to recover your French VAT!
The Law that will allow you to create a company with just one euro, fights against late payments and promotes electronic invoicing to make your day-to-day life as an entrepreneur much easier. This is how the new Crea y Crece Law is presented. Do you want to know more and find out how it can help you to carry out your business idea? Then this article is for you!
What is the new Crea y Crece Law to motivate the creation of companies in Spain?
The Law that will allow you to create a company with just one euro, fights against late payments and promotes electronic invoicing to make your day-to-day life as an entrepreneur much easier. This is how the new Crea y Crece Law is presented. Do you want to know more and find out how it can help you to carry out your business idea? Then this article is for you!
