In order to be considered an emerging company/Start-up and benefit from the tax and legal incentive, it is essential to be accredited as such, establishing a procedure to obtain an emerging company certification.
The Start-Up Law (Ley 28/2022, de 21 de diciembre, de fomento del ecosistema de las empresas emergentes) aims to strengthen the Spanish ecosystem of emerging companies by attracting capital and foreign talent so that they become part of this ecosystem, which is so important for the growth and spread of knowledge and for the economic and business structure of Spain.
On 28 December 2022, Spanish Law 38/2022, of 27 December, was published in the Official State Gazette (BOE), creating the Temporary Tax on Large Fortunes, as well as other temporary taxes and amending other tax regulations.
On 1 January 2023, the tax on non-reusable plastic packaging will come into force. This is a new state tax, the purpose of which is to prevent the generation of non-reusable plastic packaging waste and to encourage the recycling of plastic waste, thus contributing to the circular economy in the field of plastics.
The use of technology in the incorporation of companies is now a viable option. The CIRCE (Information Centre and Network for Company Creation) platform was set up several years ago for the incorporation of limited liability companies (SRL) through the Entrepreneur Service Point (PAE) by means of a fast an inexpensive system. It is suitable for anyone who wishes to set up and start their business activity at the lowest possible legal cost.
We at 3.0 ABOGADOS Y ASESORES FISCALES recommend the option of applying the Special Impatriate Tax Regime to all foreign workers and managers relocated to Spain (known as the “Beckham Law”), as it often entails paying less tax in Spain.