Investing in Spanish offices

After 7 years of real state inactivity in 2014 International Funds came back, transforming Spain into a hot market for commercial property investments again.

In 2014, investments in non residential assets of €7 billion almost tripled the investments in 2013. 

  

The investors were looking for well-located large shopping centres and office buildings, although the office market accounted for 39% of the transactions mainly in Madrid and Barcelona.

The tax advantages of investing via SOCIMI with Nil Corporation Tax, makes this type of spanish real state investment funds something to be considered. More information at the Spanish Tax Office site http://tinyurl.com/nhrmhok

We should also mention the advantages of obtaining Spanish residency by investing in Spain, via Spanish Golden Visa as featured in this article at http://www.delcantochambers.com/do-you-have-real-estate-investments-in-spain-apply-now-for-your-golden-visa-residency/

Jurisdiction for domain names

From Conflicts of Law Net I got this interesting case discussing the jurisdiction applicable to a domain name dispute. What are the potential tax consequences of this case?

If a domain name jurisdiction is that of its registration, may we infer that a tax presence could be deemed too? The legal reasoning of this case pave the road for this concluding statement. Continue Reading

Foreign Direct Investment in Spain Triples in 1 Year

According to the United Nations Conference for Trade and Development (UNCTAD), foreign direct investment in Spain has tripled in 1 year, increasing by 177% to 25,000 million dollars.

The annual UNCTAD World Investment Report for 2010 has seen Spain rise to 14th place in the ranking for last year’s inward foreign investment, and is testament to the fact that the Spanish economy is beginning to recover since its fall in 2009.

Amongst other positive developments highlighted in the report is the fact that the global economy is gaining strength, with emerging countries increasing their direct investment to a record level in 2010.

Although global FDI flows are still around 15% lower than recorded before the financial crisis, foreign investment grew by 5% around the world to 1.24 billion dollars in 2010. The document acknowledges China alongside Russia and India has having become strong investors.

UNCTAD forecasts that FDI flows are expected to continue to grow in 2011 to 1.4 or 1.6 billion dollars. This increase should continue through 2012 and 2013, when flows could reach 1.9 billion dollars.

This could be a sign that investor confidence is coming back and hopefully heralds the beginning of a global recovery.