The trusted advisor for Spanish family businesses

Family businesses form the backbone of the Spanish economy: more than 85% of companies in Spain are family-owned, they generate nearly 60% of private employment and contribute more than half of GDP. However, generational survival statistics are concerning: only 30% of family businesses survive into the second generation and fewer than 15% reach the third. The main failure factors are lack of succession planning, unresolved family conflicts, excessive tax burden on transfers and the absence of an adequate governance structure.

At BMC we have spent more than two decades accompanying family businesses and SMEs through the most critical moments of their lifecycle. From optimising the tax structure of ownership and planning generational succession to restructuring companies in difficulty, professionalising corporate governance and preparing the business to raise external financing or for an eventual sale. Our approach combines tax and legal advisory with deep knowledge of the specific dynamics and needs of the Spanish family business.

Succession planning is the service where we add the most value: we structure the transfer of the business with maximum use of the family business tax regime (95% reduction in inheritance and gift tax), minimise the donor’s income tax through holding contribution structures, and design family protocols that establish clear rules for the next generation. We also advise on managing the personal wealth of family shareholders, pension and retirement planning, and the potential creation of a family office to manage the diversified wealth of the business family.