Covid 19 – What to do with my business: The dormant company

As a result of the current situation caused by the sudden outbreak of COVID-19 in Spain and the publication of Royal Decree 463/2020 of 14 March by the Spanish Government to reduce its effects, there are many questions left in the air regarding the economic sustainability of SMEs and the self-employed and how to alleviate the negative effects on their…

COVID-19: DISSOLUTION AND LIQUIDATION OF COMPANIES

Following the enactment of Royal Decree Law 7/2020 of 12 March, which supports urgent measures to respond to the economic impact of COVID-19 and Royal Decree 463/2020 of 14 March, many small businesses have been forced to stop their activity at 100%. This post will give some guidelines on how to dissolve and liquidate a company. Carrying out this process…
COVID-19 AND ITS EFFECTS FROM A CORPORATE PERSPECTIVE

HOW WILL CORONAVIRUS AFFECT MY BUSINESS?

Although there are many unknowns about the effects that coronavirus can have, the world’s business. Companies have begun painting a bleak picture of broken supply chains, disrupted manufacturing, closed stores. Our intention, however, is to look at how a company can be kept alive despite this global health crisis. From a corporate perspective; What are coronavirus effects on business? It…
Lexidy Law Boutique

Government aid for Companies

From Monday, March 16th, the State of Alarm came into effect in Spain due to the coronavirus sanitary crisis. As a result, the Spanish economy is going to be strongly affected and therefore the Spanish Government has approved the Royal Decree 8/2020 of extraordinary urgent measures to face the economic and social impact of the COVID-19. With this regulation, the…

Importing And Selling To The EU After Brexit

Do you own a British company that imports and sells goods to the European Union? Are you worried about the after Brexit consequences for your business? It is known that Brexit will take place in January 2020 and the fact that The United Kingdom exits the European Union will have many effects in the market. In this summary we propose…

Shelf Companies in Spain: 5 Myths and Realities

We have identified a misconceptions regarding Shelf companies, or better known as “ready-made companies”. By definition they are considered a fast track Option to set up a new business in Spain. Attractive to many because they are registered companies that have never conducted businesses and are available for purchase. However, nowadays, many myths exist and  reality of registering a shelf…