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Hotel 7estrellas Almuñecar Granada España

Environmental study gives green light to the proposed 7-star Hotel in Almunecar

Construction of the seven-star hotel in Almuñecar (Granada) has taken a giant step forward with the publication by the Agriculture, Fisheries and Environment Delegation of the Junta in Granada of the impact study upon the environment in the Peñón del Lobo urbanisation. However, the promoters must undertake a Comprehensive Restoration Project (Proyecto Integral de Restauración)

Saving tax on foreign company owned property

Property tax on foreign companies that own a property in Spain to be abolished

The Spanish government is proposing to abolish a tax that is currently levied on foreign companies owning property in Spain in order to attract more investment from abroad. The tax currently stands at 3pc per annum of the company’s holdings in Spain. The change in the law, currently going though the Senate, is expected to