10 GREAT REASONS TO INVEST IN SPAIN

Is Spain back? Based on the current economic data it seems like it. So if you're thinking about the destination of your next investment why not take a few minutes to consider Spain? Here are 10 great reasons to do so.

Company incorporation

1.- No share capital needed;

2.- Minimum number of shareholders and directors is one.

3.- Attractive public grants in qualifying regions.

Tax reasons

1.- Newly incorporated smes benefit from a reduced rate of 15% on the first € 300,000 of tax base and just 20% thereafter during their first 2 years with positive tax base;

2.- The non-habitual residency scheme allows new fiscal residents to be taxed at a flat rate of just 24.75%.

Hot property market

1.- Low prices on attractive property make for great deals;

2.- Investor/ golden visa opportunity for foreign investors who buy property for just € 500,000.

Investment hub

1.- Easier access to hot Spanish-speaking markets such as Mexico, Colombia, Peru or Chile;

2.- 101 signed double taxation treaties, with 88 of them in force.

3.- Easy and effective holding company scheme.

DRAFT ENTREPRENEUR SUPPORT ACT IN SPAIN

In an effort to stimulate the creation of new business projects, the Spanish Government is preparing legislation that would help entrepreneurs on their way.

The draft of the Entrepreneur Support Act contains some interesting ideas that should come to full fruition in the next weeks:

1.- Incorporation of companies in 24 hours;

2.- No additional red tape: each new procedure will be compensated by the elimination of an older one (one in-one out);

3.- Sole traders with limited responsibility: sole traders will not lose their homes (main residence with a maximum value of € 300,000) for any losses their business might make;  
4.- Business angels will benefit from a tax deduction of 20% of their investment (maximum allowed investment for this purpose is € 200,000, so the deduction is capped at € 4,000).