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Spain

Spain Flag

Country: Spain
Region: Europe
Currency: Euro (EUR) (€)
Languages: Spanish
Time Zone: UTC +1

Phone Code: +34

Communications: Good

Formation Cost: 2000 - 3400 USD$
Formation Time: 14 - 23 days
Maintenance cost: 800 - 1600 USD$

Executive Summary: Spain’s economy has been heavily dependent on tourism, which in 2006 accounted for 50% of GDP, and real estate, which accounted for another 12% prior to the bust. Spain’s economy has suffered hugely during the global downturn, compounded by the ongoing eurozone debt crisis. The economy entered a protracted recession in 2008, with GDP falling by 3.7% in 2009. The economy is projected to shrink by another 1.4% in 2013 before returning to modest growth in 2014. The centre-right People’s Party government, elected in November 2011, has pledged to de-regulate the economy and liberalize employment laws to make Spain more attractive to investors; progress so far has been slow, however. Corporate tax rates have been falling, but a massive austerity budget in 2012 sought to raise an additional EUR40bn in spending cuts and revenue increases. Crisis taxes have been levied on personal and investment income, and value-added tax has increased.

Suitable for: Shipping, Aviation
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, public limited companies, trusts, branches, general partnerships, limited partnerships, sole traders and joint ventures

Capital primary business districts: Madrid

Good Relationships: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Mexico, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Sweden, United Kingdom, United States

Bad Relationships: Burma, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Moderate

Tax Burden - Individual: Moderate

Headline tax rates: CIT 20-30%, PIT 24%/45%, VAT 21%

Treaty Jurisdictions: Albania, Algeria, Argentina, Armenia, Australia, Austria, Barbados, Belarus, Belgium, Bolivia, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Jamaica, Japan, Kazakhstan, Korea, Republic of, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Morocco, Netherlands, New Zealand, Norway, Pakistan, Panama, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Sweden, Switzerland, Tajikistan, Thailand, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam

TIEA Jurisdictions: Andorra, Aruba, Azerbaijan, Bahamas, Curacao, Denmark, Portugal, San Marino, Sint Maarten

Information Links:

 

 

 

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