CONVEYANCING: NON RESIDENT SELLING A PROPERTY IN SPAIN

At this moment, many people are thinking in Selling their property in Spain and coming back to their country or to face the purchase of another holiday home. Today we are knowing more about the process and costs involved in the selling of a house.

Thinking on the mainly taxes and costs, the fiscal law for Non Residents sellers obliges the buyers to keep the 3% retention of the selling price to pay it to the tax office in behalf of the sellers as an advanced payment of the Capital gains tax.

Switzerland votes to restrict the entry of citizens of other countries

The Switzerland have decided in a referendum back to limit the entry of citizens of countries of the European Union  to its labor market , through the setting of annual quotas to be implemented within three years.

The official results of all Swiss - with cantons exception of Zurich, where he is completing the scrutiny of a final district can not change the final result- indicate that the initiative " Against mass migration " has been accepted for 50.4 % of votes.
 Given by the far-right party , the Democratic Union of the Centre ( UDC ), also restores the principle of preference for domestic versus foreign worker , which was abolished for all workers from any of the countries of the European Union .

Step back on increasement of Social Security quotas for civil companies members

Some good news as the Social Security states that self-employed administrators and partners of civil companies (including named as SC and CB) are not subject to any quota increase . This was a point that on the last days has been discused a lot due to the change on the Social Security Payments increase that are affecting the administrators of capitalist companies.

Why now is the best moment to become Self-Employed (Autonomo)?

At this moment you can take advantage on the benefits applied on the taxation, social security and public helps available to establish your own business as self-employed because now  is cheaper and more convenient than ever.

Reduced Social Security fees

If you are under 30 years, during the first 6 months of activity the fee is around 50 € , a reduction of 80 % over the normal fee . In the next 6 months , the reduction is 50% and in the 18 months following a reduction of 30 %. 

If you have 30 years or more , during the first 6 months of activity fee is around 50 € , a reduction of 80 % over the normal fee . In the next 6 months , the reduction is 50% and in the 6 months following a reduction of 30 %. 

Free Self-Employment Registration

 

Our office is a PAE, the only business office in Orihuela Costa registered at the Industry, Tourism and Commerce Ministery as PAE in order to offer FREE BUSINESS REGISTRATION (Free Self Employment Registration and Companies Formation) to all the persons that are looking for a new business life.

Council of Europe slams Spain for denying healthcare to illegal immigrants

 

The economic crisis has undermined social protection in Spain. The Council of Europe, which oversees respect for human rights in 47 countries on the continent, on Wednesday expressed concern over "regressive legislative developments concerning access to health care by foreigners illegally present in the country."

The conclusion is part of a wide-reaching report by the European Committee on Social Rights that examines whether national laws conform to the European Social Charter.

Crisis causes underground economy to flourish in Spain

 

The crisis has caused Spain’s black market economy to grow significantly over the past few years, according to a study released Wednesday by the union of the technical staff of the Finance Ministry (Gestha).

Gestha’s report calculates that the value of under-the-table business in 2012 amounted to 253 billion euros, equivalent to 24.6 percent of GDP – that’s 6.8 percentage points, or 60 billion euros, more than at the start of the crisis in 2008.

Distribute benefits among partners or self-financing?

The primary purpose of anyone who starts a business is to maximize the benefit of the business with the ultimate goal of being able to increase their income once they have satisfied all legal obligations and this benefit distributed among the partners or shareholders of the company .

Are you self-employed and need a new car? Companies can benefit from the new Plan PIVE-5

 

The Council of Ministers approved on Friday the new Plan PIVE -5 , which will support the purchase of efficient vehicles and which may , in addition to individuals, the self-employed and  small and medium size companies. .

This new edition will remain for twelve months or until the budget for it, which is 175 million is exhausted.

Main changes on Social Security payments for a self-employed and/or a company

We are going to know some of the changes that the government launched on the recent times that are going to be applied from now on Social Security payments. All of them mean a raise on the costs to be paid by the self-employed and company and is so useful to get them know to plan the incoming future of our business activity.