Gibraltar removed from Spain's tax haven list 2026
Spain removes Gibraltar from its non-cooperative jurisdictions list (Order HAC/649/2026): effects for cross-border workers, the 7.p exemption and companies, and from when.
Updated 30 June 2026
MJ
Analysis by Manuel Jimenez
Fundador y Director General
Estrategia corporativa Fusiones y adquisiciones Consultoría de gestión
75 published articles
- jurisdicciones-no-cooperativas
- corporate-finance
EV/EBITDA Multiples by Sector in Spain 2026: Reference Table and Key Drivers
Updated EV/EBITDA multiples by sector in Spain 2026, based on real M&A transactions. Includes factors that move the multiple, DCF comparison and a practical case study for an SME.
Updated 26 May 2026 - us-entities-spain-residents
GILTI when you live in Spain: the §962 election and Spanish CFC trap | BMC
GILTI (IRC §951A) when you become a Spanish tax resident: the §962 election, Spanish CFC under Art. 91 LIRPF, double exposure math, Foreign Tax Credit coordination.
Updated 19 May 2026 - us-entities-spain-residents
Form 5471 when you become a Spanish tax resident: 2026 guide | BMC
Form 5471 obligations for US citizens and green card holders who are now Spanish tax residents. Categories, Spanish SL trigger, Subpart F + GILTI, coordination with Modelo 720.
Updated 19 May 2026 - us-entities-spain-residents
Selling Your US LLC or C-Corp as a Spanish Tax Resident: 2026 Guide | BMC
Capital gains from selling a US LLC or C-Corp as a Spanish tax resident: Art. 13 US–Spain tax treaty, Beckham exemption, ETVE holding, NIIT §1411, §1446(f) withholding, and pre-sale planning structures.
Updated 19 May 2026 - us-entities-spain-residents
Relocating from the US to Spain as an LLC or C-Corp Owner: 2026 Pre-Move Guide | BMC
Pre-move planning for US-to-Spain relocations when you own an LLC or C-Corp: IRC §877A exit tax, day-one Spanish tax residency, Modelo 149 Beckham deadline, and LLC management in year one.
Updated 19 May 2026 - us-entities-spain-residents
ETVE and Spanish Holding for US Investments: 2026 Guide | BMC
Why a Spanish ETVE (Art. 107-108 LIS) competes with Dutch and Luxembourg holdcos for channeling US investments. Comparison, requirements, and a worked case study.
Updated 19 May 2026 - us-entities-spain-residents
Spanish CFC Rules Applied to US Corporations: Art. 91 LIRPF / Art. 100 LIS Guide 2026 | BMC
Spanish CFC rules (Art. 91 LIRPF / Art. 100 LIS) applied to C-Corps and US LLCs: the 4 cumulative conditions, effective rate threshold, passive income catalog, and the GILTI double-exposure problem.
Updated 19 May 2026 - ley-beckham-impatriados
Beckham Law and US LLC Members 2026: How Impatriate Owners Are Taxed | BMC
Beckham Law + US LLC: how an impatriate member of a single-member, partnership, or C-Corp LLC is taxed under Art. 93 LIRPF. DGT V1372-25, TSJ Madrid 665/2025, and an interactive calculator.
Updated 19 May 2026 - us-entities-spain-residents
US-Spain Tax Treaty + 2019 Protocol Applied to LLCs and C-Corps | BMC
The 2019 Protocol to the US-Spain Tax Treaty: 0%/5%/15% dividend withholding, 0% on interest, the Art. 17 LOB tests, and how a transparent LLC accesses the treaty via Art. 1.6.
Updated 19 May 2026 - us-entities-spain-residents
Modelo 720 + FATCA for US LLCs and Corporations: 2026 Spanish Tax Resident Guide | BMC
How to declare your US LLC or C-Corp in Modelo 720: the 3 blocks, DGT V0681-25, valuation, FATCA and the US-Spain information asymmetry, Beckham law and ITSGF.
Updated 19 May 2026 - us-entities-spain-residents
How a US LLC Is Taxed When You're a Spanish Tax Resident: 2026 Guide | BMC
How a US LLC is taxed when the member is a Spanish tax resident: check-the-box, the DGT 3-criteria test, Art. 91 LIRPF vs Art. 8 LIS, Modelo 720, and the mistakes we see most often.
Updated 19 May 2026 - us-entities-spain-residents
US Business Entities (LLC, C-Corp, Partnership) and Spanish Tax Residents: 2026 Definitive Guide | BMC
2026 guide: how a US LLC, C-Corp, or partnership is taxed in Spain. Beckham × LLC, Form 720, controlled foreign company rules, TSJ Madrid 2025 rulings, and the mistakes that trigger audits.
- reestructuracion-empresarial
Corporate Restructuring Spain: 5 Options Compared | BMC
Spain corporate restructuring guide: merger, spin-off, asset transfer, pre-insolvency refinancing, and creditor agreement. Five options with tax and legal analysis.
Updated 13 April 2026 - reestructuracion-empresarial
Liquidity Problems in Spain: 5 Legal Solutions | BMC
Spain business liquidity guide: refinancing, creditor moratoriums, pre-insolvency tools, and ERTE for cash preservation. Five legal solutions from BMC insolvency team.
Updated 13 April 2026 - ma-fusiones
Selling Your Business in Spain: Complete Advisory Guide
Complete guide for business owners selling their company in Spain: process timeline, valuation, tax implications, due diligence preparation and SPA negotiation.
Updated 13 April 2026 - due-diligence
Due Diligence Cost in Spain 2026: A Practical Pricing Guide
Updated 2026 pricing guide for due diligence in Spain: fee ranges by deal size, scope breakdown by type (financial, tax, legal, labour), and factors that drive costs up or down.
- reestructuracion-empresarial
Business Viability Plan Spain: Template & 5-Step Guide
Spain business viability plan guide: financial model structure, sensitivity analysis, AEAT-accepted format, and how BMC prepares plans for refinancing or insolvency.
-
Sports & Leisure Sector: Tax Planning in Spain 2026
BMC guide: taxation of sports clubs, professional athletes, talent agencies and image rights in Spain. Key regulations, planning strategies and compliance for 2026.
Updated 21 April 2026 - compliance
Employment & HR Sector: Tax Planning in Spain 2026
BMC guide: taxation of staffing agencies, HR outsourcing companies, PEO/EOR models and recruitment agencies in Spain. Regulatory risks and planning for 2026.
Updated 21 April 2026 - modelos-fiscales
Doing Business in Spain 2026: Tax, Labour Law & Company Formation Guide
Doing business in Spain 2026: corporate tax rates, company formation costs, labour law obligations, ZEC and startup incentives. Free whitepaper from BMC advisers.
- company-formation
How Much Does a Shelf Company Cost in Spain?
Complete pricing guide for buying a shelf company in Spain in 2026: SL from €1,395+VAT, SA from €4,000+VAT, what is included, hidden costs to avoid, and a detailed comparison with incorporating from scratch.
Updated 13 April 2026 - ma-fusiones
Tech M&A Spain 2026: Valuations, IP & Due Diligence
Technology M&A in Spain 2026: valuation multiples, IP ownership diligence, startup law interaction, talent retention clauses, and CNMC clearance thresholds.
Updated 13 April 2026 - ma-fusiones
Distressed M&A Spain 2026: Buyer's Step-by-Step Guide
Distressed M&A in Spain guide: insolvency acquisition routes, creditor negotiation, Article 43 asset deals, and how to acquire distressed Spanish assets safely.
Updated 24 May 2026 - esg-sostenibilidad
CSRD for Mid-Market Companies in Spain: Practical Guide 2026
BMC analysis: CSRD/ESRS obligations for mid-market Spanish companies. Timeline, thresholds, double materiality assessment and steps to prepare your first sustainability report.
Updated 24 May 2026 - ma-fusiones
M&A in Spain Food & Beverage: Family Business Guide
M&A guide for Spain food and beverage family businesses: valuation multiples, succession vs. trade sale, due diligence red flags, and post-deal integration steps.
Updated 13 April 2026 - esg-sostenibilidad
ESG Reporting and CSRD: How to Prepare
How to prepare for ESG reporting under CSRD (Directive 2022/2464): thresholds for 250+ employee companies, ESRS standards, double materiality analysis and 2025/2026 deadlines.
Updated 27 April 2026 - company-formation
What Is a Shelf Company in Spain? Complete Guide 2026
Complete guide to shelf companies in Spain: what they are, legal framework (Royal Decree 1/2010, Law 10/2010), types (SL, SA, high capital), purchase process, guarantees, registry privacy, and post-acquisition obligations.
Updated 13 April 2026 - ma-fusiones
M&A Spain for International Investors: 2026 Guide | BMC
M&A in Spain guide for international investors 2026: deal sourcing, due diligence, tax structuring, CNMC clearance thresholds, and post-acquisition integration steps.
Updated 13 April 2026 - planificacion-fiscal
Audit Readiness in Spain: Complete Guide for 2026
Everything Spanish SMEs need to know about audit readiness: legal triggers, LSC thresholds, ICFR documentation, common gaps, process overview, and costs.
Updated 16 April 2026 - planificacion-fiscal
Audit Readiness Assessment Checklist for Spanish SMEs (2026)
Structured audit readiness assessment checklist by area: accounting policies, controls, disclosures, tax provisioning, and related-party. With RAG scoring for Spanish SMEs.
Updated 16 April 2026 - ma-fusiones
Business Valuation Spain 2026: Methods & Key Metrics
Spain business valuation guide: DCF, multiples, and asset-based methods. Understand what drives value in Spanish SMEs and get an indicative valuation from BMC.
Updated 13 April 2026 - ma-fusiones
Buying a Business in Spain 2026: Step-by-Step Guide
Buying a business in Spain guide 2026: share deal vs asset deal, due diligence checklist, tax structuring, notary process, and post-acquisition integration steps.
Updated 13 April 2026 - ma-fusiones
M&A Outlook 2026: Star Sectors
Spain M&A outlook 2026: ECB rates at 2.5-3%, restored LBO conditions, strongest transactional environment since 2021 and high-demand sectors for sellers.
Updated 13 April 2026 - insights-generales
Welcome to BMC
Introducing our new digital platform for business consulting.
Updated 27 April 2026 - ma-fusiones
SME Valuation Spain: Methods, Multiples & 2026 Data
Spain SME valuation guide: EBITDA multiples by sector, DCF assumptions, goodwill treatment, and how BMC produces AEAT-accepted valuation reports for Spanish companies.
Updated 13 April 2026 - due-diligence
Due Diligence Spain: Essentials for Buyers | BMC
Spain due diligence essentials: five must-cover areas for any acquisition — tax exposures, labour contingencies, IP ownership, regulatory licences, and hidden liabilities.
Updated 24 May 2026 - company-formation
How to Incorporate a Limited Company (SL) in Spain 2026: Steps, Costs and Timelines
How to incorporate a Spanish Sociedad Limitada (SL) in 2026: minimum share capital from €1 (Ley Crea y Crece), CIRCE online process, notarial deed, costs and post-incorporation obligations.
- ma-fusiones
Whitepaper: M&A — 2025 Trends and 2026 Outlook
M&A in Spain: 2025 trends and 2026 outlook whitepaper covering deal volume, EBITDA multiple recovery, star sectors (tech, healthcare, infrastructure), ECB rate impact on LBO conditions, and vendor due diligence best practice. 29 pages.
-
Business consulting trends for 2026
The trends transforming the consulting industry this year.
Updated 27 April 2026 - planificacion-fiscal
Tax Advisory in the Basque Country: Foral Regime 2026
Basque Country foral tax regime: differences between Bizkaia, Gipuzkoa and Álava and the common Spanish regime, the Economic Agreement, foral income tax rates and when to seek specialist advice.
- planificacion-fiscal
Spain Budget 2026: Impact Analysis
Spain's 2026 budget situation: operating on the extended 2022 budget for the eighth consecutive year, implications for public procurement, fiscal certainty, and why companies should not delay year-end tax planning.
Updated 13 April 2026 - due-diligence
Forensic Accounting Spain: Corporate Fraud Guide | BMC
Spain forensic accounting guide: fraud detection methods, digital evidence, expert witness reports for Spanish courts, and BMC's investigation service for companies.
Updated 24 May 2026 - planificacion-fiscal
Audit Readiness Services Spain: SME Packages | BMC
BMC audit readiness for Spain SMEs: accounting cleanup, internal control assessment, auditor liaison, and statutory audit preparation. Fixed-fee packages from BMC.
Updated 16 April 2026 - due-diligence
Due Diligence Spain: 4 Phases & Checklist | BMC
Spain due diligence process guide: four phases from NDA to report, tax and legal risk prioritisation, data room best practices, and typical timelines for Spanish deals.
Updated 13 April 2026 - proteccion-datos
Artificial Intelligence: EU Advances in Regulation
EU AI Act (Regulation 2024/1689) regulatory advances: risk classification system (prohibited, high-risk, limited, minimal), February 2025 prohibition enforcement, and August 2026 high-risk system obligations for Spanish companies.
Updated 13 April 2026 - esg-sostenibilidad
Energy Sector: Green Transition and Investments 2025
Spain's energy sector in 2025: 170 GW installed capacity, 56% renewables coverage in 2024 generation, investment opportunities in PPAs and on-site solar, and CSRD ESRS E1 emissions reporting obligations for large energy consumers.
Updated 13 April 2026 - gobierno-corporativo
Corporate Governance for SMEs in Spain: Practical Guide
Corporate governance adapted for Spanish SMEs: why it matters beyond listed companies, practical governance framework for SLs, shareholders agreements, family protocol basics and risk management.
Updated 24 May 2026 - company-formation
Spain Company for Franchises & Tenders: SL vs SA
Guide to Spain company types for franchises and public tenders: SL vs SA solvency requirements, financial guarantees, and bidding capacity. Expert advice from BMC.
- empresa-familiar
Family Business Protocol Spain: 6-Step Guide | BMC
Spain family business protocol guide: governance rules, dividend policy, entry and exit mechanisms, succession planning, and dispute resolution. Six-step framework.
Updated 24 May 2026 - due-diligence
Forensic Accounting: Corporate Fraud Detection
Forensic accounting for corporate fraud detection: how it differs from audit, investigative techniques, ACFE's 5% revenue loss estimate and director liability under Spain's Penal Code Article 31 bis.
Updated 24 May 2026 - ia-regulacion
Artificial Intelligence in Business Strategy
BMC analysis: artificial intelligence in business strategy. Real-world implications, emerging applications and recommendations for companies operating in Spain.
Updated 27 April 2026 - ma-fusiones
How to Prepare Your Business for Sale: 30-Point Checklist
30-point checklist to prepare your business for sale: financial normalisation, legal housekeeping, tax structuring, operational readiness and personal preparation. Recommended lead time: 12–18 months.
Updated 13 April 2026 - ma-fusiones
IPO on BME Growth: Market Access Guide
IPO on BME Growth (formerly MAB): minimum 10% free float, Registered Adviser requirement, €200,000-€500,000 listing costs and 6-9 month process for Spanish SMEs seeking capital markets.
Updated 13 April 2026 - ma-fusiones
Business Valuation with AI: New Methods
AI-enhanced business valuation: how machine learning improves DCF, comparable multiples and Monte Carlo analysis — and when AI valuations are valid for Spanish tax purposes.
Updated 31 May 2026 - empresa-familiar
Family Business Succession Spain: ISD Tax & Protocol
Spain family business succession guide: ISD inheritance tax exemptions, family protocol structure, SOCIMI and holding options, and how BMC manages tax-efficient transfers.
Updated 13 April 2026 - esg-sostenibilidad
CSRD: First Reporting Year — Practical Guide
Practical guide to preparing CSRD's first mandatory reporting year: double materiality assessment, ESRS data collection systems, external assurance and timeline for 2025/2026 reporters.
Updated 31 May 2026 - empresa-familiar
Family Business Succession with International Shareholders
BMC analysis: How to plan succession in a Spanish family business with international shareholders, cross-border heirs and foreign partners. EU Succession Regulation, ISD optimisation and protocolo familiar.
Updated 13 April 2026 - ma-fusiones
Business Valuation Report Spain: What It Includes | BMC
Spain business valuation report guide: what auditors and AEAT expect, standard methodologies, supporting documentation, and how BMC prepares court-accepted reports.
Updated 13 April 2026 - esg-sostenibilidad
Whitepaper: ESG and CSRD Guide for Spanish Companies
ESG and CSRD guide for Spanish companies: ESRS reporting standards, double materiality assessment methodology, EU Taxonomy alignment, wave-by-wave compliance timeline (FY2024, FY2025, FY2026), and external assurance requirements. 27 pages.
- company-formation
Buy vs Register a Company Spain: Tax & Time Analysis
Buy a shelf company vs register new SL in Spain: cost comparison, speed, VAT number timing, reputational considerations, and which option suits your situation.
Updated 13 April 2026 - due-diligence
Types of Due Diligence Spain: Tax, Legal & Financial
Spain due diligence types: tax, legal, financial, commercial, technical, and ESG. When each is needed, what it covers, and how to scope a proportionate DD process.
Updated 13 April 2026 - due-diligence
Tax Due Diligence Spain: Checklist & Key Risk Areas
Spain tax due diligence guide: IRPF, IS, VAT, transfer pricing, and labour tax exposures. Checklist of 12 risk areas every buyer must verify before signing in Spain.
Updated 13 April 2026 - company-formation
Registry Privacy Spain: Buying a Company Anonymously
Spain registry privacy guide for company acquisitions: beneficial ownership disclosure rules, SEPBLAC obligations, nominee structures, and compliant privacy strategies.
Updated 31 May 2026 - ma-fusiones
Merger vs Acquisition Spain: Tax & Legal Differences
Spain merger vs acquisition comparison: neutrality regime eligibility, tax treatment, notary and registry process, labour transfer obligations, and timing considerations.
Updated 13 April 2026 - planificacion-fiscal
Audit Readiness Spain: 4 Phases for SMEs | BMC
Spain audit readiness guide: four preparation phases, common ICAC findings, documentation checklist, and how to avoid qualified opinions in your first statutory audit.
Updated 16 April 2026 - company-formation
7 Advantages of Buying a Shelf Company in Spain
The seven key advantages of buying a shelf company in Spain: 24-hour availability, definitive CIF, paid-up capital, registry privacy, remote signing, EU VAT number, and integrated advisory. With real examples.
Updated 13 April 2026 - empresa-familiar
Shareholder Disputes in Spain: 4 Resolution Routes
Spain shareholder dispute guide: mediation, arbitration, court action, and buy-out mechanisms. Protect your stake and resolve deadlocks without destroying company value.
Updated 13 April 2026 - ma-fusiones
Private Equity in Spain: Opportunities and Trends
Private equity in Spain: over €8 billion deployed in 2023, EBITDA multiples of 5-9x in mid-market, hot sectors (tech, healthcare, BPO, green energy) and vendor due diligence strategy.
Updated 13 April 2026 - planificacion-fiscal
Audit Readiness Spain: SME Quickstart Checklist | BMC
Spain SME audit quickstart: 12-item preparation checklist, common PGC errors, documentation deadlines, and how to pass your first statutory audit without surprises.
Updated 16 April 2026 - non-resident-tax
Buy a Company in Spain as a Foreigner: NIE to Close
Foreigner buying a company in Spain: NIE requirements, due diligence checklist, notary process, tax clearances, and post-acquisition compliance. Step-by-step guide.
Updated 13 April 2026 - due-diligence
How to prepare your company for a sale due diligence
A practical guide from the seller's advisor perspective: how to prepare documentation, build a data room and clean up the company before buyer due diligence. Specific to Spanish companies.
Updated 13 April 2026 - empresa-familiar
Shareholders Agreement Spain: Family Business Guide
Spain shareholders agreement for family businesses: drag-along, tag-along, pre-emption rights, valuation mechanisms, deadlock clauses, and dividend policy drafting.
Updated 13 April 2026 - insights-generales
Tourism Sector: Full Recovery and New Challenges
Spain tourism sector 2023: 85 million international arrivals (world second most visited), VUT licence moratoria in Barcelona and Palma, CSRD obligations for 250+ employee companies from FY2025, and rising labour costs from SMI increases.
- reestructuracion-empresarial
Cross-Border Restructuring Spain: EU Neutrality Rules
Cross-border corporate restructuring in Spain: EU tax neutrality regime, cross-border merger process, transfer pricing implications, and AEAT advance ruling options.
Updated 13 April 2026