Josep Salvat i Sangrà

STRIKINGLY CURIOUS LEGISLATION: the "MBAPPÉ LAW" in MADRID It’s intriguing how tax laws sometimes bear the names of famous athletes. Following Beckham, now comes Mbappé. On November 14, the Madrid Assembly approved the so-called “Mbappé Law,” aimed at attracting foreign investors, generating employment, and fostering new businesses through tax incentives. Key Features of the Mbappé Law 20% Tax Deduction: The law allows a 20% deduction in the regional personal income tax (IRPF), reducing the maximum rate in Madrid to 24.5%, compared to the general 45% rate. Eligibility Criteria: Recent Tax Residency: Beneficiaries must establish tax residency in Madrid and must not have been Spanish residents in the past five years. Commitment Period: Tax residency and investments must be maintained for at least six years. Investment Limits: Investors cannot hold more than 40% of the capital or voting rights in the entities they invest in. Sector Restrictions: Real estate investments are excluded. Comparing the Mbappé Law to the Beckham Law While the name may evoke the earlier Beckham Law, the two differ significantly: Scope: The Beckham Law, a national measure, targeted relocated workers, especially athletes, offering a reduced 24% income tax rate. The Mbappé Law, however, is regional, designed for foreign investors establishing tax residency in Madrid. Focus: The Beckham Law applied to employment income, while the Mbappé Law focuses on investment in financial assets with specific requirements for duration and purpose. The Mbappé Law seeks to attract high-net-worth individuals and global investors looking to diversify their portfolios in a stable economic environment like Madrid. Expert Guidance is Crucial Given its stringent requirements and potential long-term implications, such as global wealth taxation, it’s essential for prospective beneficiaries to consult specialized advisors. Proper guidance ensures compliance and maximizes the benefits of this new legislation without unnecessary risks. #Tax #SportLaw #FiscalIncentives P.S. Original text by Gonzalo Jiménez Illana, our Tax and Law Expert at SportInvestArena https://lnkd.in/dHyWJryN

«Made in Mercosur,» the vision for productive integration of the regional bloc - https://lnkd.in/d2Ri-KTk - Asunción, Agencia IP.- Advancing towards a productive integration that allows for the joint manufacturing of goods among the countries of the regional bloc is the consensual vision among the Mercosur Economy Ministers who met this Sunday in Asunción, within the framework of the LXIV Meeting of the Common Market Council. «We were discussing the new vision of Mercosur that we all want, a type of integration that is no longer political, which was the origin of Mercosur, or a commercial vision where one country produces a good that has free access to the market of other countries,» expressed the Minister of Economy and Finance of Paraguay, Carlos Fernández Valdovinos, at the end of the meeting. «Here we are talking about integration in the productive sense, basically so that we can integrate the production chains of the different countries. So, it will no longer be a good product in Paraguay, Brazil, or Argentina but a good product that is partly produced in Paraguay and partly in Brazil. It will truly be a good produced in Mercosur,» explained the minister. He pointed out that the maquila, through which goods are being produced jointly between Paraguay and Brazil, is an excellent example of this productive integration and noted that «this is the direction in which the new Mercosur should go.» Through the maquila, Paraguay has developed an entire auto parts industry that primarily supplies wiring to the Brazilian automotive sector. The auto parts companies in Paraguay and the assembly companies in Brazil operate under an economic complementarity logic that allows them to gain competitiveness in the international market, benefiting both countries. The minister mentioned that in the meeting of the Economy Ministers and central bank presidents, they also discussed the countries’ growth prospects and the impact of climatic factors on them, as well as the role of multilateral organizations in providing timely assistance in times of crisis.   Jazmín Romero Fuente de esta noticia: https://lnkd.in/drFcJqBN ************************************************************************************************************ También estamos en Telegram como @prensamercosur, únete aquí: Telegram Prensa Mercosur Recibe información al instante en tu celular. Únete al Canal del Diario Prensa Mercosur en WhatsApp a través del siguiente link: https://lnkd.in/d3nU3CZv estamos en Telegram como @prensamercosur, únete aquí: https://lnkd.in/dJTmCtf3 Mercosur Recibe información al instante en tu celular. Únete al Canal del ...

Building a thriving entrepreneurial ecosystem takes more than just great ideas—it requires a robust network of resources, including dedicated entrepreneurs, strategic investments, supportive policies, and collaborative spaces. These elements collectively foster innovation and drive economic change, creating unique regional hubs of activity. It's not about replicating #SiliconValley but about leveraging local strengths to cultivate sustainable growth. Tune into the latest #VenusFounders podcast to learn more about these exciting developments in #Asturias.

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