Spanish Legal and fiscal advice in your own language
Arcos & Lamers Asociados provides you with legal and fiscal advice on several topics using the services of professionals with ample experience. Our advise does not only entitle a full round accountancy cycle, checking your bookkeeping, granting and presenting any tax declarations and annual accounts at the corresponding public entity, Spanish Inland Revenue or Mercantile register, but the lawyers, solicitors and registered accountants of our law firm settled in Spain are specialise, in addition, in the following services:
ADVISE ON RENTAL AGREEMENTS IN SPAIN
In order to obtain a balance between the needs of lease of properties and the necessary guarantees for the landlord, in order to put properties at the rental market, the Law carries out a series of amendments on the following relevant matters
1º) Priority is given to the will of the parties.
2º) This Spanish Law reduces the duration of the mandatory extension from five to three years and from three to one year in the tacit extension. Although the term of the lease will be agreed by the parties, when the contract is for a period of less than three years, it will be extended by law for annual periods until it reaches a minimum duration of three years.
3º) The recovery of the property by the owner to be used as permanent home. In this case it would not be applicable the mentioned compulsory extension if, after the first year, the landlord informs the tenant about his need to use the property as permanent house.
4º) The withdrawal from the Spanish contract by the tenant. The tenant may withdraw after six months and by notification to the owner with a least thirty days in advance. The parties may agree in the contract a compensation for the landlord.
5º) Sale of a rented property in Spain. The purchaser of a property registered at the Land Registry will only be subrogated in the rights and obligations of the landlord when the rental agreement is registered at the Land Registry, not being damaged the buyer, by a lease not registered.
6º) Update of the rent income. Income will be updated each year of the contract under the terms agreed by the parties. In the absence of express agreement, the rent will be updated on the basis of the general index system of consumer price.
If you wish to obtain additional information about the lease of your property in Spain or to review your rent contract, please contact us. At Arcos & Lamers Asociadosa professional will provide the necessary advice on the granting of your contract and will inform you in all your rights inS pain. Arcos & Lamers Asociados, your property lawyers in Spain, registered accountants (economists) in Marbella, Málaga, Spain.
Viability study and Feasibility reports
This type of report studies a situation (for example, a problem or opportunity) and the plan for doing something about it, then determines whether that plan is “feasible”. This would involve determining whether it is economically and legally possible to achieve and whether it is practical in the current technological, economical and social scenario. The feasibility report does not provide a simple “Yes” or “No” answer, but is used in the analysis of a decision. It is not just a tool to provide a recommendation, it is also used to gather data and give reasoning behind the recommendation given, to be later used in evaluation.
Cash flow is the movement of funds into or out your Spanish business, project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used for calculating other parameters that give information on a company’s value and situation. Cash flow can be used, for example, for calculating parameters:
1) To determine a project’s rate of return or value.
2)The time of cash flows into and out of projects are used as inputs in financial models such as internal rate of return and net present value.
3)To determine problems with a business’s liquidity. Being profitable does not necessarily mean being liquid. A company can fail because of a shortage of cash even while profitable.
4)As an alternative measure of a business’s profits when it is believed that accrual accounting concepts do not represent economic realities. For example, a company may be notionally profitable but generating little operational cash (as may be the case for a company that barters its products rather than selling for cash). In such a case, the company may be deriving additional operating cash by issuing shares or raising additional debt finance.
5) cash flow can be used to evaluate the ‘quality’ of income generated by accrual accounting. When net income is composed of large non-cash items it is considered low quality.
6)to evaluate the risks within a financial product, e.g. matching cash requirements, evaluating default risk, re-investment requirements, etc.
Cash flow is a generic term used differently depending on the context. It may be defined by users for their own purposes. It can refer to actual past flows or projected future flows. It can refer to the total of all flows involved or a subset of those flows. Subset terms include net cash flow, operating cash flow and free cash flow.
Do you wish to obtain a cash flow for the next 3-4 years of your commercial activity in Spain? Do not hesitate to approach the English speaking law firm in Spain Arcos & Lamers Asociados and your business will be in good hands.
Market research provided by Registered Accountant and economists of Arcos & Lamers Asociados
Market research is any organized effort to gather information about markets or customers. It is a very important component of business strategy.
Market research is a key factor to get advantage over competitors. Market research provides important information to identify and analyze the market need, market size and competition.
Market research, includes social and opinion research, [and] is the systematic gathering and interpretation of information about individuals or organizations using statistical and analytical methods and techniques of the applied social sciences to gain insight or support decision making.
For additional information please do not hesitate to contact this Spanish law firm settled in Marbella, Málaga and the Costa del Sol.
Assistance in tax inspections
It is compulsory for every company that carries out an activity in Spanish territory to cooperate in the event that Spanish Inland Revenue is carrying out an inspection. In general terms, the inspection is announced prior to the visit of the Spanish tax inspector and information and documentation is requested. For your own sake it would be relevant that you have the administration of your company or activity up-to-date for the last 4 years prior to show the same the Inland Revenue in Spain. In the event of a Spanish VAT inspection and following this advise you might avoid that the inspector of the Spanish Inland Revenue would be looking into other Spanish tax areas such as Spanish company tax,, with holding tax declarations or salary administration.
In the event of an Tax Inspection in Spain, the registered English speaking registered accountants of Arcos & Lamers Asociados would suggest:
1) Make sure that the full accountancy and Spanish tax declarations of the last 4 years are checked by an official registered Spanish accountant. At this Spanish law firm, Arcos & Lamers Asociados, you are welcome!
2)Make sure that you are fulfilling Spanish laws with regards the obligation to maintain documentation and proofs available.
3) Let the most relevant documentation and information be available in one office.
It would be of your interest to hire in a efficient registered accountant in Spain in order to ascertain that the Tax inspection in Spain run’s smoothly.
Additional services of this law firm settled in Spain are for instance
Advice and drawing up of commercial contracts or agreements, Spanish Tax advice in general. Granting of tax reports. Calculation of tax liabilities in Spain
. Legal reports with regards to urbanistic situations of properties in Spain.
Please click here to go to the main services of this Spanish law firm.
Are you seeking for an English speaking Spanish Lawyer? Multilanguage professional registered accountant in Spain? Do you have an Inheritance in Spain?
Do not hesitate to contact our firm for any Spanish tax and legal advise.