Main measures:

1. Possibility of incorporating the company at the notary’s office: Registering the company with the Commercial Register can be done directly at the notary’s office where the company is incorporated.
2. The validity of initial residence permits for foreign entrepreneurs, investors and students has been extended. The procedure to obtain a NIE has been simplified and a visa for digital nomads has been created.
3. The red tape for foreign investors has been reduced. They only have to request a tax identification number (NIF) online from the Spanish Tax Agency (AEAT), a process that takes 10 working days.
4. Workers, highly qualified professionals, entrepreneurs, investors and their family unit, may choose to pay non-resident Income Tax (Impatriate Regimefor the tax period in which they change residence and the five following periods at the general rate of 24%, up to 600,000 euros of taxable base.
5. The corporate tax rate for startups has been reduced from 25% to 15% for four tax periods. Startups also have the option to defer payment of their tax liability for the first two tax periods, without the need for collateral or late payment interest, and are exempt from the obligation to make payments in instalments on account for Corporation Tax purposes.
6. The National Entrepreneurship Office(ONE) is the organization responsible for organizing and coordinating entrepreneurship support services in collaboration with all state bodies and public and private stakeholders in the ecosystem. It acts as a one-stop shop for entrepreneurs.