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New list of CNAE-2025 codes: mandatory notifications and deadlines

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Royal Decree 10/2025 of 14 January (published in the Official State Gazette – BOE – on 15 January 2025), approves the new National Classification of Economic Activities 2025 (Clasificación Nacional de Actividades Económicas 2025 – CNAE-2025), which replaces the currently applicable CNAE-2009. This update responds to the need to reflect structural, scientific and technological changes […]

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Golden Visa derogated: investors have less than 3 months to apply for it

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In a significant legislative change, the government has approved Law 1/2025 of January 2nd, which repeals the Golden Visa program. This new regulation will come into effect on April 3rd, 2025, after this date international investors will no longer be able to apply for this type of visa. The Golden Visa program has allowed foreign

Golden Visa derogated: investors have less than 3 months to apply for it Read More »

New extension of the transitional regime suspending the liberalisation of certain foreign direct investments

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The Spanish Government has decided to extend, until 31 December 2026, the transitional regime that suspends the liberalisation of certain foreign direct investments in Spain carried out by residents of other European Union (EU) countries and of the European Free Trade Association (EFTA). This measure was initially introduced in the sole transitional provision (“disposición transitoria

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Revision of the limits of liability under the Montreal Convention 1999

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As of 28 December 2024, new limits of liability, under the Convention for the unification of certain rules for international carriage by air (Montreal Convention 1999), after the ICAO completed the review procedure laid down in its Article 24. The ICAO announced on last 16 October, by means of the State Letter LE 3/38.1-IND/24/8, the

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2024 Tax Reform: Gradual Reduction of Corporate Tax for Small and Micro Entities

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Last Thursday (20/11/2024) the Congress approved a tax reform that will be validated by the Senate in the next month and will come into force before the end of the year. One of the measures consists of a gradual reduction in the corporate tax rate for small entities (those with a group turnover of less

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Mandatory prior hearing in disciplinary dismissals: impact of the recent Supreme Court ruling

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The Supreme Court has ruled that companies must guarantee the worker a prior hearing before proceeding with a disciplinary dismissal. This decision, which revises the doctrine consolidated over more than three decades, puts an end to the uncertainty generated in recent months regarding the management of disciplinary sanctions in the business environment. The basis for

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Annual Reports on Foreign Investment in Spain and Spanish Investment Abroad

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We remind you that, as every year, all companies whose financial year coincides with the calendar year and are owned by a non-resident or have investments abroad, must check whether they are obliged to file annual reports on foreign investments in Spain and Spanish investments abroad (forms D-4 and D-8). The Spanish Royal Decree 571/2023

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