Fundador y Director General
74 published articles
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Spain corporate restructuring guide: merger, spin-off, asset transfer, pre-insolvency refinancing, and creditor agreement. Five options with tax and legal analysis.
Spain business liquidity guide: refinancing, creditor moratoriums, pre-insolvency tools, and ERTE for cash preservation. Five legal solutions from BMC insolvency team.
Complete guide for business owners selling their company in Spain: process timeline, valuation, tax implications, due diligence preparation and SPA negotiation.
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.
Spain business viability plan guide: financial model structure, sensitivity analysis, AEAT-accepted format, and how BMC prepares plans for refinancing or insolvency.
BMC guide: taxation of sports clubs, professional athletes, talent agencies and image rights in Spain. Key regulations, planning strategies and compliance for 2026.
BMC guide: taxation of staffing agencies, HR outsourcing companies, PEO/EOR models and recruitment agencies in Spain. Regulatory risks and planning for 2026.
Spain business guide 2026: company formation, tax regime, labour law, ZEC and startup incentives, and regulatory landscape. Free whitepaper download from BMC.
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.
Technology M&A in Spain 2026: valuation multiples, IP ownership diligence, startup law interaction, talent retention clauses, and CNMC clearance thresholds.
Distressed M&A in Spain guide: insolvency acquisition routes, creditor negotiation, Article 43 asset deals, and how to acquire distressed Spanish assets safely.
BMC analysis: CSRD/ESRS obligations for mid-market Spanish companies. Timeline, thresholds, double materiality assessment and steps to prepare your first sustainability report.
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.
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.
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.
M&A in Spain guide for international investors 2026: deal sourcing, due diligence, tax structuring, CNMC clearance thresholds, and post-acquisition integration steps.
Everything Spanish SMEs need to know about audit readiness: legal triggers, LSC thresholds, ICFR documentation, common gaps, process overview, and costs.
Structured audit readiness assessment checklist by area: accounting policies, controls, disclosures, tax provisioning, and related-party. With RAG scoring for Spanish SMEs.
Spain business valuation guide: DCF, multiples, and asset-based methods. Understand what drives value in Spanish SMEs and get an indicative valuation from BMC.
Buying a business in Spain guide 2026: share deal vs asset deal, due diligence checklist, tax structuring, notary process, and post-acquisition integration steps.
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.
Introducing our new digital platform for business consulting.
Spain SME valuation guide: EBITDA multiples by sector, DCF assumptions, goodwill treatment, and how BMC produces AEAT-accepted valuation reports for Spanish companies.
Spain due diligence essentials: five must-cover areas for any acquisition — tax exposures, labour contingencies, IP ownership, regulatory licences, and hidden liabilities.
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.
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.
The trends transforming the consulting industry this year.
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.
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.
Spain forensic accounting guide: fraud detection methods, digital evidence, expert witness reports for Spanish courts, and BMC's investigation service for companies.
BMC audit readiness for Spain SMEs: accounting cleanup, internal control assessment, auditor liaison, and statutory audit preparation. Fixed-fee packages from 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.
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.
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.
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.
Guide to Spain company types for franchises and public tenders: SL vs SA solvency requirements, financial guarantees, and bidding capacity. Expert advice from BMC.
Spain family business protocol guide: governance rules, dividend policy, entry and exit mechanisms, succession planning, and dispute resolution. Six-step framework.
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.
BMC analysis: artificial intelligence in business strategy. Real-world implications, emerging applications and recommendations for companies operating in Spain.
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.
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.
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.
Spain family business succession guide: ISD inheritance tax exemptions, family protocol structure, SOCIMI and holding options, and how BMC manages tax-efficient transfers.
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.
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.
Spain business valuation report guide: what auditors and AEAT expect, standard methodologies, supporting documentation, and how BMC prepares court-accepted reports.
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.
Buy a shelf company vs register new SL in Spain: cost comparison, speed, VAT number timing, reputational considerations, and which option suits your situation.
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.
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.
Spain registry privacy guide for company acquisitions: beneficial ownership disclosure rules, SEPBLAC obligations, nominee structures, and compliant privacy strategies.
Spain merger vs acquisition comparison: neutrality regime eligibility, tax treatment, notary and registry process, labour transfer obligations, and timing considerations.
Spain audit readiness guide: four preparation phases, common ICAC findings, documentation checklist, and how to avoid qualified opinions in your first statutory audit.
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.
Spain shareholder dispute guide: mediation, arbitration, court action, and buy-out mechanisms. Protect your stake and resolve deadlocks without destroying company value.
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.
Spain SME audit quickstart: 12-item preparation checklist, common PGC errors, documentation deadlines, and how to pass your first statutory audit without surprises.
Foreigner buying a company in Spain: NIE requirements, due diligence checklist, notary process, tax clearances, and post-acquisition compliance. Step-by-step guide.
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.
Spain shareholders agreement for family businesses: drag-along, tag-along, pre-emption rights, valuation mechanisms, deadlock clauses, and dividend policy drafting.
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.
Cross-border corporate restructuring in Spain: EU tax neutrality regime, cross-border merger process, transfer pricing implications, and AEAT advance ruling options.