I Received My Residence Permit in Spain: Will I Need to Start Paying Taxes?
If you have recently received your residence permit in Spain, it is crucial to understand that a residence permit and tax residency are distinct concepts. While the residence permit allows you to legally live in Spain, it does not automatically determine your tax status. Understanding these aspects is essential to ensure that you comply with
Leer másBeckham Law: Frequently Asked Questions
The Beckham Law, designed to attract expatriate professionals and investors to Spain, underwent significant updates in 2023. In addition to reducing the residency requirement from 10 to 5 years, shareholders and directors of Spanish companies can now benefit from this special tax regime, even if they hold a majority stake or are the sole shareholders,
Leer másI Own Property Abroad and I’m a Spanish Tax Resident: Do I Have to Pay in Spain Tax on That Property?
If you are a tax resident in Spain and own property abroad, you may wonder about your tax obligations regarding that asset. Spanish tax legislation has specific rules for the taxation of foreign properties, and understanding these rules is crucial to avoid issues with the tax authorities. Here’s an overview of the key considerations. Tax
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GRANTING OF SPANISH CITIZENSHIP THROUGHOUT THE DEMOCRATIC MEMORY LAW AT THE CIVIL REGISTRY OF MADRID IN RECORD TIME.
This week we have received the granting of a Spanish citizenship throughout the democratic memory Law of a client registered in Madrid Capital, which has been notified to us in 5 months. The Civil Registry of Madrid is one of the registries with more volume of applications in any type of procedure, but especially in
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What is Modelo 720?
Modelo 720 is an informative declaration that must be submitted by both individuals and legal entities residing in Spain to the Tax Agency to report on assets and rights located abroad. The term “informative declaration” means that its main purpose is to provide information to the Tax Agency about certain assets and rights that the
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Granting of spanish citizenship throughout the democratic memory law at the civil registry of Madrid in record time
Hemos recibido una concesión de residencia no lucrativa para uno de nuestros clientes. Esta resolución favorable es importante porque…
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Granting of permission for international teleworkers or “Nomad Visa”
Hemos recibido una concesión de residencia no lucrativa para uno de nuestros clientes. Esta resolución favorable es importante porque…
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Non-Lucrative residency grant from The Philippines Consulate resolved in 15 days
Hemos recibido una concesión de residencia no lucrativa para uno de nuestros clientes. Esta resolución favorable es importante porque…
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Granting of residency for investors known as “Golden Visa”
Hemos recibido una concesión de residencia no lucrativa para uno de nuestros clientes. Esta resolución favorable es importante porque…
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SWORN TRANSLATION AND INTERPRETING: TRANSLATING AN AFFIDAVIT
The affidavit is an instrument that collects the statements that a person makes before a notary. This document serves as proof that said statements were made at a specific place and time, as recorded in the minutes. In today’s post we will address what specific uses it has, what procedures it is required for and
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Tax implications for non-lucrative residency
Tax residents in Spain with income from the United States(The content of this document is merely informative and has been prepared for informative purposes. For more information, please refer directly to the Personal Income Tax Act and the US-Spanish Agreement on Avoidance of Double Taxation). I.- *TAX RESIDENCE*An individual is a resident in Spanish territory
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THE IMPORTANCE OF THE SPECIFIC WORDS USED WHEN ASKING FOR DOCUMENTS
As part of the process of getting a visa/residence permit in Spain, collecting all the documents required is one of the steps that usually take long as applicants must ask for these documents to their home country administrations, banks or any other entities that may issue them. Sometimes we face some problems and obstacles that
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Democratic Memory Law – Who can apply and what is the deadline?
Today we have an exciting topic to talk about, the famous Democratic Memory Law, also known as grandchildren law.And, the most important question is, grandchildren can really apply? The answer is yes, they can, and they should as it is a unique opportunity that might not repeat in the next few years.And what is even
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SWORN TRANSLATION AND INTERPRETING: DIGITAL DOCUMENT TRANSLATION
Such a lovely autumn day to write again a bit about sworn translation of official documents. After a while without publishing some information about sworn translation and interpreting, we want to welcome everyone to follow our weekly posts commenting about different issues related to this matter as well as residence permit applications in Spain. We
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