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The new Spanish Startups Law: Special reference to stock options, carried interest and digital nomads regime

In Spain, an incipient ecosystem of emerging companies has developed for the last years driven by the success of digital companies born from small innovative projects, by the access to a vast knowledge and data on the Internet and advances in scientific and technical fields. This new economy is an important lever for growth and […]

Tax treatment of Carried interest in Spain for Personal Income Tax purposes

The Spanish Parliament has approved on 1 December 2022 the Law to foster the start-up ecosystem in Spain, also known as the “Start-up Law”. The main goal of the Start-up Law is to establish a specific regulatory framework to support the creation and growth of start-ups. This Law will probably be published in the Spanish […]


The energy sector has been one of the most active and attractive in Spain in recent years. However, it has entered into crisis due to a complicated cocktail: (i) the impact of the war in Ukraine; (ii) the rise in inflation; (iii) the increase of the costs of financing projects; (iv) the rise in energy […]

Spanish Supreme Court to rule regarding withholding tax on dividends paid to EU hedge funds

The Spanish Supreme Court has recently admitted a claim regarding withholding tax (“WHT”) on dividends paid by Spanish listed companies to EU hedge funds. These EU hedge funds have requested a WHT refund because they have borne a WHT higher than the one that would have been applicable to comparable Spanish collective investment undertakings. In […]

Urgent energy measures in response to the conflict in Ukraine: keys to RDL 6/2022

Measures in the field of energy introduced by Royal Decree-Law 6/2022 of 29 march adopting urgent measures within the framework of the national response plan to the economic and social consequences of the war in Ukraine (“RDL 6/2022”). 📄 Download PDF Francisco Solchaga | Partner Laura Vintanel | Partner

Extension of economic measures to support economic recovery: keys of the RDL 27/2021

The impact of the health and economic crisis resulting from COVID-19 has led to the approval, since March 2020, of various economic measures aimed at protecting the productive fabric, employment and household income, in particular through various instruments to support the liquidity and solvency of companies and the self-employed. In particular, in this context, the […]

New measures to support business solvency: key aspects of RD 5/2021

Following the declaration by the Spanish Government of the state of alarm on 14 March 2020, a series of economic and social measures were adopted to tackle the health crisis resulting from the COVID-19 pandemic, through the adoption of several Royal Decree-Laws. Some of these are listed below: (i) Royal Decree-Law 8/2020, of 17 March, […]

Our partners Pedro Rueda and Israel de Diego, in Leaders League: “M&A prospects for next year are good”

Following the slowdown caused by the Covid-19 pandemic, M&A activity is moving towards a ‘new normal’ where the market will rebound, say Araoz & Rueda partners Pedro Rueda and Israel de Diego. LEADERS LEAGUE. How has COVID-19 affected the M&A market? Pedro Rueda. We are witnessing an unprecedented crisis, and the final effects are still […]

Araoz & Rueda appoints Clara Mañoso and Guillermo Bueno as new partners of the firm

Araoz & Rueda has appointed Clara Mañoso (Labour) and Guillermo Bueno (Corporate/M&A) as new partners of the firm. These appointments are part of the firm’s commitment to retaining the best talent and boosting the internal career plan. J.D. and degree in Economics from the Universidad CEU San Pablo, prior to joining Araoz & Rueda in […]

New Spanish remuneration framework for renewable

Renewable has been the star sector in the Spanish energy market during the last years. The country weather conditions, the existence of a relevant experienced industry, the availability of financing, the support of the public administration and the recent policies have resulted in a very successful cocktail, permitting a significant development of renewable technologies making […]