Again the highly controversial “Preferential shares” (or preferentes), are a subject of debate in all public forums, this time as a consequence of a judgement of the Provincial Audience of Vizcaya with regard to the bank “Santander”. For those who are not aware of the evolution of these shares, perhaps it is convenient to sum…

Businessmen and the self-employed who undertake a business venture in Spain have reason to rejoice. The highly anticipated “Entrepreneur Support Act” has finally arrived, a legislative reform that promises to revitalize those sectors of the Spanish economy most affected by the economic crisis and facilitate both the day to day existence of entrepreneurs who are…

It is no secret that the unfortunate reality of divorce is on the rise and, while modern marriages are significantly more stable than other sentimental arrangements, such as cohabitation, our legislators have made a great effort in recent years to reduce the angst and confusion surrounding divorce procedure. A little known fact, however, is just…

Introduction The art market is a prime example of British achievement in a highly competitive global environment. Britain has 29% of the global art and antiques market and is the second largest market in the world, second in size only to the United States. The British art and antiques market generated £7.7 billion in sales…

Royal Decree-Law 13/2011, of September 16 resets the Wealth Tax, temporarily, which may affect the taxation of nonresidents. Some of these latter will have to pay Wealth Tax, which was ceased to be applied in 2008. During the years in wich the tax was in force (until 2008), non-residents were obliged to pay tax on…

Some tips for buying a property in Spain by non-residents. 0) Contents 1) Process of acquiring a property in Spain by a nonresident in short 2) Common Expenses 3) FAQs 4) Example of common expenses for the purchase of a used home with no mortgage See: Guide to buying a property in Spain by non…

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