TweetOPENING A BANK ACCOUNT IN SPAIN Q. What do I need to open a bank account in Spain? A. To open a bank account in Spain you first need a valid passport and NIE number if you’d like a residents’ account. If you’d prefer a non resident’s account (perhaps to avoid paying capital gains tax […]
How to set up your own business in Spain
TweetEmployment in Spain is scarcely growing according to ine.es with 1.2 million people having been on the paro for at least three years, a 20% increase from 2012 to 2013. Apart from the much lauded FMCG, automotive, hotels and tourism sectors, business is not screaming for new hires- and unemployment benefit (el paro) claimants rest […]
Hacienda to reduce corporate tax and income tax in 2015
Tweet Hacienda chief, Cristóbal Montoro, has announced long awaited changes to the Spanish tax system, to be confirmed officially in June this year, to come into effect from January 2015 with a second phase in 2016, committing to lowering income tax rates for everybody, mainly benefiting families and people with disabilities. Changes also include reducing […]
Barclays moving Spanish business to Non-Core
TweetAfter months of rumours, it’s now official, Barclays are moving their Spanish subsidiary to Barclays Non-Core, a basket of assets worth €140 million not focusing on core activity, that is: personal and corporate banking, credit cards, investment banking or Africa banking. Barclays are reducing their retail banking operations by cutting 14,000 jobs this year worldwide […]