Preliminary Bill on Support for Entrepreneurs II – New developments in the labor and employment area
A few days ago we looked at the main changes introduced in the Preliminary Bill on Support for Entrepreneurs and their Internationalization from a corporate/commercial standpoint. Today we will focus on its implications from a labor and employment law standpoint.
In this regard, the measures to encourage ‘multiactivity’ (a situation where the activities of an individual who is an employee and/or self-employed require him or her to be registered under two or more social security programs) should be highlighted (foreseeably, a reduction in the social security contributions of workers who must make them under the general social security program and under another program at the same time, as a result of the alternative economic activity carried on by them).
Measures aimed at boosting inward investment and attracting talent to Spain are also envisaged, such as facilitating and expediting the granting of residence permits to: (i) individuals making a significant economic investment or investing in business ventures of general interest; (ii) entrepreneurs engaging in an innovative activity of particular economic interest (apart from the applicant’s profile and the business plan or value added for the Spanish economy, the possibility of creating jobs will be viewed in a favorable light); (iii) highly qualified professionals; and (iv) foreigners moving to Spain as part of their job or professional work or for reasons of professional training, for the duration of their relocation.
In order to complete the picture of the changes introduced by the Preliminary Bill to support entrepreneurs, next time we will be taking a look at the tax aspects.
Garrigues Labor and Employment Law Department
