How Will COVID-19 Affect The Real Estate Market In Spain?

Lexidy discusses the impact and opportunity of the Coronavirus on the real estate market in Spain  Spain is known to be a top destination for Real estate Investment ! However, with the news and social media inundated with stories regarding the coronavirus, it can be difficult to sort the hysterical talk from actual fact. What will be the impact of …

Permit options after entry as a tourist in Spain

A tourist or Schengen visa grants the right to stay in Spain 90 days out of every 180 days. To extend this period, the applicant has to request a permit. A variety of permits exist, depending on the applicant’s needs (working permit, non-lucrative residence permit, student visa) and personal circumstances (existence of EU relatives, economical means). In this post we…

Setting-up a company with a know-how as a non-monetary contribution is confirmed?

When a company is incorporated -regardless of whether it is a Limited Liability Company or a Joint-Stock Company- assets must be contributed to as its share capital. This contribution can consist of money (monetary contribution) or other goods and/or economic rights, different from money (non-monetary contribution). According to article 58 of the Spanish Corporations Law, the goods or rights consisting…

Retirement visa in Spain

Retire in Spain Non Lucrative Visa! Are you still looking for a retirement destination? Apply for the retirement visa in Spain through a Non-Lucrative Residency Permit! This residence permit will grant you the right to reside in a sunny and friendly country, while the basic requirement you have to fulfil are just proving the availability of moderate income or economic…

The Impact of Brexit on Commercial Agreements

The Brexit has finally happened, but without any agreement its consequences are still unclears. How could you be prepared to the effect on trade relations between the UK and the EU State Members before the adoption of the future deal ? As an entrepreneur you must be aware of any scenarios such as: the significant increase of the cost of…

Spanish Entrepreneurs Law and Processing Time

Since the introduction of the Law 14/2013 for Entrepreneurs, which regulates the application for a residency permit for Highly Qualified Professionals, Intracompany Transfers, Entrepreneurs, Investigators and Investors, many applications have been presented and resolved. With regard to this, we deem it necessary to clarify a specific feature of this procedure; the processing time, which the Entrepreneurs Law indeed regulates, but…

Spanish Nationality for UK Citizens

Yes! It is possible to get Spanish Nationality if you are a UK citizen! Since January 31st the United Kingdom is not a party of the European Union anymore. Until 31 December 2020 a transition period is in place in order to enable the UK and the European Union to adapt to this new situation. After that, it is not…

Business Activity Residence Permit Renewal

  After the expiration of the initial one year, it is necessary to apply for the Business Activity Residence Permit Renewal. The renewal is valid for two years, and has to be requested at the competent authority. In some autonomous communities, the application will have to be presented at the regional government authorities, and in some others, at the central…

Success Case in Company Displacement and Residence Permit for Employment in Spain

The client, in this case, is an international company dedicated to the assembling and construction of submarines for scientific, technical or recreational purposes. Here, we find a company based in the United States willing to open a branch to relocate the construction of maritime vessels to Barcelona. In order to do so, this company required very specific and qualified personnel,…

Increase In Situations Where Spanish Nationality Is Granted

The new Coalition Government has announced its intention to enlarge the possibilities of obtainment of Spanish citizenship. Specifically, for the children and grandchildren of former Spanish citizens. These descendants will be able to obtain Spanish citizenship at any moment they want; moreover, their Spanish ascendants will not necessarily have to be Spanish of origin.  This is a noticeable change with…