CODE OF FOREIGN INVESTMENTS IN DIGITAL FORM IN SPAIN

There was presented by the Spanish Ministry of Economy and Competitiveness a new tool that provides a single source in the legislation on foreign investment in Spain. This is the Código de Inversiones Extranjeras en España in digital format in addition to those already available on the website of the Spanish Official Gazette (BOE initials in Spanish).

This new code is structured in three sections: the Spain international agreements and tax agreements relating to the promotion and reciprocal protection of investments; Legislation on trade applicable to foreign investment (capital movements and economic transactions, liberalization of foreign investment and exceptions to those arrangements, legislation on the prevention of money laundering and terrorist financing); Tax legislation of interest to foreign investors, and particularly the tax on the income of non-residents and to corporate tax.

It is an innovative tool which will be constantly updated and for which is expected in the future also the English version.

(ITALPRESS).


Source: medNews