The situation that is being experienced in many countries is delicate, for this reason at Orience International we are by your side, working to offer you a quality and efficient service. All our teams in Spain, Greece and Portugal are active to accompany you in all phases of your project and to solve all your doubts through personalized attention.

Below what the last hour is about Greece and Portugal:

According to the latest news, the Greek government has decided to extend the lockdown for three more weeks until the end of April, specifically on the 27th, with the aim of slowing down the spread of the virus and protecting the population, as most European countries are doing .

At the moment, the Hellenic country has a total of 1,673 positives and a total of 68 deaths due to the coronavirus. Since the beginning of the lockdown, the Greek authorities have prohibited citizens from going out and all economic activity has stopped.

Check here the measures that have been taken in Greece.

Portugal is another of the affected countries. With a total of 11,300 infected and 275 dead, according to the latest official figures, the Portuguese citizens are also confined since the end of March. As reported by the country’s authorities, there are still no dates for the return to normality of companies and educational centers such as schools and universities, although President Antonio Costa has advanced that the isolation measures could be extended up to three months.

 

 

 

With the coronavirus crisis, the Spanish health system and the others from the rest of the countries are on everyone’s lips. Every day, doctors, nurses and other health staff work hard against an enemy, the Covid-19, which, in more than one case, is testing the health systems and models of each and every country affected.

Although it is true that Spain is one of the countries where the coronavirus pandemic is having the most impact and hospitals are almost at the limit due to thousands of cases, the Spanish healthcare system is one of the most advanced in the world, ranking among the first positions in numerous international rankings. And this is being demonstrated with the current management of the Covid-19.

Among the main measures to alleviate the coronavirus, the Ministry of Health has enabled new spaces such as hospitals so that everyone in need can be attended by health staff. In this way, private clinics have become government-run public centers. Likewise, large spaces such as pavilions are also enabled for coronavirus patients. In all these cases, the healthcare that the Spanish government is offering is completely free, so that all citizens can be properly cared for.

In parallel, ICU beds have also been expanded for more seriously ill patients. In the case of the Community of Madrid, it has gone from 641 to 1.429 beds, more than double. In the case of Catalonia, the 652 ICU beds under normal conditions have been expanded to 1.391.

Everything you need to know about the Spanish healthcare system

Spanish healthcare is one of the main attractions of the country and it is an element to take into account when evaluating the possibility of establishing in this country. The Spanish health system is mainly characterized by two principles, universality and free; this means that the entire population has the right to access Spanish healthcare, whenever and wherever they need without any cost.

According to a report prepared by the World Health Organization (WHO) in 2018, which evaluates the best healthcare systems in the world, Spain is in seventh position, second only to France, Italy, San Marino, Andorra, Malta and Singapore. Once again, this ranking highlights the health boom in Spain with highly qualified professionals and world-class healthcare centers. Likewise, we cannot overlook the fact that Spain is the second country with the highest life expectancy in Europe.

Health, an essential element to consider

When considering the possibility of acquiring citizenship or residence by investing in another country, it is important to take into account certain factors such as the quality of life of the territory and other elements such as education or health. And, most residency and investment programs are extensible to the relatives of the interested party, which means that the couple and the children, under 18 years of age, can take advantage of the rights granted by these programs.

If you are considering the possibility of obtaining citizenship or residence by investment, we can help you. We accompany you during all phases of the investment project, offering you personalized and tailored attention. With a multicultural team we work efficiently and transversally.

Contact us!

The Spanish Cabinet has today approved an aid plan for tenants having trouble paying the rental fee. The following points stand out:

  • Suspension of evictions for 6 months from the end of the alarm state
  • The automatic 6-month extension of rental contracts to prevent abusive increases
  • Direct aid of up to € 900 after the crisis

This plan includes microcredits guaranteed by the State at zero cost.

The objective is that all unemployed people, those affected by a temporary employment record and the self-employed who have seen their income significantly reduced due to COVID-19, can benefit.

These measures have been announced, after the Council of Ministers, the spokesperson and Minister of Finance, María Jesús Montero, the second vice president of Social Rights, Pablo Iglesias, and the third vice president, Nadia Calviño.

A distinction has been made between small and large owners. The small owners will be guaranteed the full collection of the rents, and the investment and home funds, which will assume part of the impact of these measures and you will have to carry out restructuring of the debts of the tenants. The idea is for the State to take over with public funds the debts of all those tenants in situations of vulnerability due to the Covid-19 crisis, a situation that can lead to exemption from payment to thousands of households.

An automatic 6-month extension of all rental contracts has also been approved, which means that no tenant with a current contract can raise their rent for the next 6 months.

Regarding microcredits (without interest costs or commissions) they can be repaid in up to 6 years. If after these 6 years they have not been returned, an additional term of 4 more years will be enabled.

The conditions for tenants’ access to microcredit programs are also expanded, which will be less restrictive than in other cases in which the concept of “vulnerable housing” is applied. In this case, all unemployed people, from ERTO or with reduced working hours, and the self-employed who do not reach the limit of three times the IPREM (increase for children and dependent dependents) are allowed to participate.

In any case, these tenants will always be able to take advantage of the ICO credit lines, and families who cannot afford to pay the microcredits will have direct state aid to pay off the debt with the ICO.

It is anticipated that the amount of the aid could reach a maximum amount of € 900 per month and up to 100% of the principal and interest of the subscribed loan. In addition, a grant of € 200 per month could also be approved to cover the costs of maintenance, community and basic supplies with the limit of 100% of these.

If you want to know the measures that the Spanish government has aproved due to the Covid-19, real the next article.

If you have any doubt, our team will be very pleased to answer any questions you could have. Contact us!

Due to the situation of the COVID-19 all around Europe, the Greek Government has approved and implemented some measures in order to limit the spread of the virus within its borders.

Country-Specific Information:

A curfew is in effect March 23–April 6 throughout Greece. Violators will be fined (150 Euros per violation). Those who leave their residence must have a valid reason to be out. Such reason shall be documented via a specific form (Type A Form relates to work and Type B Form is for essential personal movement (i.e. supermarket, doctor/pharmacy, help someone in need, ceremony (wedding, baptism, funeral), physical exercise). Instead of filling out form B, one may send an sms message to 13033 which is free of charge. Those who are out, must carry with them either an identity card or passport at all times as they are subject to police checks.

  • Greek authorities have banned gatherings of more than ten people.
  • All museums, including the Museum of Acropolis are closed through the end of March.
  • Schools (nurseries, kindergartens, primary schools, high schools and universities) are closed until April 27th.
  • Restaurants, bars, clubs, cinemas, theaters, playgrounds, gyms and all retail shops are also closed. Online orders are still available.
  • Land borders with Albania, North Macedonia, and Turkey are closed; further closures may be instituted without notice.
  • Air travel between: Italy, Spain, Turkey, the UK and Holland is suspended; the travel ban is continuously under review. Ferry service between Italy and Greece is suspended.
  • The majority of hotels will be closed through April 30 pursuant to government directive. Airbnb and other host platforms are NOT affected by this closure as of now.
  • Authorities have also restricted any movement to the islands except for the respective permanent residents.

Entry and Exit Requirements:

The Greek government announced that as of March 18th through April 18th, non-EU citizens may not enter Greece except for spouses or minors of EU/Schengen nationals, long-term residents, members of government delegations, and passengers in transit.

  • No particular documentation to enter/exit Greece is required at this time.
  • National Public Health Organization of Greece has disseminated guidance on prevention, detection and containment measures to all points of entry to Greece: airports, including airline and ground airport personnel, shipping and ground maritime personnel, border/land entries.

Quarantine Information:

On March 16, Greek authorities announced a mandatory 14-day self-quarantine on all international arrivals. This quarantine period is enforced by random police checks.

See the measures taken by the spanish government.

Effie Andreouloakou, Orience International Lawyer

If you have any questions, don’t hesitate to contact us!

According to numerous reports, sources close to the coalition government confirm that the possibility of suspension of rent is being studied for those people who have become vulnerable due to this economic crisis caused by the coronavirus pandemic, regardless of who their landlord is.  This means that all those who cannot afford to pay the rent for their houses due to the loss of their job, an ERTE or a reduction in working hours will be able to be accommodated. This measure will also include the self-employed and SMEs that are suffering a substantial drop in their income.

It is proposed to establish an extendable moratorium period of two months and compensation to owners. The suspension of the payment of home rentals will be extended to the payment of premises and offices in the case of self-employed persons and SMEs, who, as mentioned before, have a significant loss of income.

For lessors, gradual financial compensation would be offered, which could range from 100% of the amount in the case of a two-property owner, to just 5% for large holders or those with more than eight rented properties.

The initiative includes the duration of said suspension of the payment of the rent: during the next two months, extendable to the following month once the state of alarm ends. In addition, all those contracts that end during the validity of the alarm status may be automatically extended for three months.

It remains to be specified how the vulnerability situation can be proven, although it is intended to facilitate access through the presentation of documents or with a responsible statement. Another point from which the initiative starts is that abusive rent increases will be prevented in the six months following the implementation of this measure

Within the package of economic measures approved by the Government is included the moratorium on the payment of mortgages, but not that of rents, something criticized by unions and different associations. However, Nadia Calviño asks for one more week to study the measures on minimum income and rents. The economic vice presidency and the Ministry of Finance requested more time to study the proposals that were discussed at a meeting on Monday and design them avoiding “side effects.” Its objective, as these last departments transferred, is that the measures put in place are well designed to respond effectively to social needs and without generating other possible side effects.Aid for rent can also be used for housing, beyond the premises and offices of SMEs and the self-employed, but it will be necessary to distinguish between small owners and large holders of housing who, at a time like this, have to settle the shoulder so no one is left behind.

As reported on March 24 in the newspaper El Confidencial and regarding the creation of a minimum vital income, the Government intends to allocate it to those people who have not been able to avail themselves of the first package of social measures approved last Tuesday.  Therefore, it would not have a universal character and, moreover, its duration would be temporary, depending on the duration of the effects of the economic crisis as a consequence of the coronavirus pandemic. It would be, according to Executive sources, a form of minimum income “to protect those who have no income or have seen their incomes reduced.” This proposal is counting on allies of a transversal spectrum, which ranges from the third sector and social groups to the vice president of the ECB Luis de Guindos, who has defended a “minimum emergency income”.

Due to this situation, from Orience International, as advisers in legal, financial and strategic matters for international investors, we are available to all our clients and to all involved people who want to get advice, whether they are residents of Spain or have any investment in the country and consider it important and useful to have the help of a team of professionals in the Real Estate sector.

To do this, you can contact us via email sr@orienceinternational.com sending your questions or requesting more information about our professional advisory services.

Discover all the services of Orience Premium Club.

 

As part of the measures to contain the transmission of COVID-19, the recommendation for citizens is to continue to follow the usual rules of food safety and prevention facilitating the appropriate authorities to contain the spread of the virus.

We also provide the following recommendations for shopping food:

  • Avoid going to the supermarket if you have fever or respiratory symptoms. In these cases, ask someone for help.
  • Only one person has to leave. As far as possible the most vulnerable people should stay at home.
  • Go out and buy only when needed and plan to minimize the number of visits grocery.
  • Take an alcoholic hand sanitizer with your hands and use it often.
  • Preferably carry your own shopping bag or cart and frequently disinfect them with the same alcoholic hand sanitizer solution.
  • If you pick up carts or baskets from the supermarket, disinfect the contact area with your hands alcohol solution.
  • Wear disposable gloves to grab food.
  • Touch as little of the food as possible, even when it is packaged. Try to make sure you want to take the product before you take it. Do not leave it again after touching it.
  • Be careful of everything you touch, such as door handles and displays, screens, keyboards for payment, elevator buttons, money, etc. Disinfect your hands with alcohol solution whenever needed.
  • Always keep the minimum safety distance of two meters with others and avoid agglomerations.
  • When returning home, wash your hands with soap and water. If you see it necessary you can take additional measures such as cleaning the packaging with a disinfectant solution and removing the outer packaging.
  • Clean fruits and vegetables by adding a few drops of bleach to the water.

 

Last week we talked about the importance of having a plan B during crisis situation, like the one we have now.

In the video below, Krista explains us the main advantages of acquiring the residence throw investor visa in European countries and the benefits you get, like residence without limit.

Arabic translation:

من أسبوعين فقط كل الناس و من ضمنهم أنا، لم نأخذ فيروس كورونا على محمل الجَّد، لم نتخيّل انه قريبٌ  منّنا أو ممكن أن يُصابُ به  أقرب النّاس إلينا

والآن هو منتشر في كل مكان

الحجز الصحي والإلتزام بالبيت كان إختياري في السابق أمّا الآن فهو إجباري من الحكومة

أنا في برسلونة وعائلتي في الفلبين، قلت لهم لابّد أن يأتوا إلى هنا لأن النظام الصحي في أسبانيا موثوق به وجيّد

أنا مشفقة جدّا على النّاس الذين هم في بلاد نظامها الصحي  سيئ أو لا يعرفون الطريقة الصحيحة للتعامل مع هذا الوباء و أيضا المسافرين العالقين في هذه البلاد

الحمد لله أنّ أمي لديها الفيزا الذهبية  في هذا الوقت لأن كل الدول الأوروبية أغلقت حدودها إلا لمن لديه إقامة

أعلم أننا في وقت حَرِج ،لكن لدينا إختيار أن نكون في مكان أفضل يُمَكِنُنَا من الحصول على الرعاية الصحية الجيّدة اللازمة

Chinese translation:

两周前很多人,包括我自己甚至在拿这个病毒开玩笑,认为不可能发生在自己所在的地方,真是疯狂。而现在病毒几乎无处不在,仅仅几天时间,居家隔离从最开始的建议到后来政府的强制措施。我住在巴塞罗那,但是我的父母住在菲律宾。说到我妈妈,前几天我跟她说如果情况变得很糟,其实我更希望她来这里,因为西班牙的健康体系比我家那边更可靠。然后我想到了所有的外国人和游客,可能他们不幸滞留在国外无法回家,或者更不幸的他们在一个无力应对这场危机的地方。我妈妈是西班牙居民,她通过投资办理的西班牙身份,她有权随时来西班牙居住,这个细节非常重要,因为很多国家对没有国籍或居留身份的人已经关闭国门。我知道现在要经历很艰难的一段时间,但是也很感激我的家人有另一个选择,在面对危机的时刻可以到更安全的地方以度过难关。

Due to the current situation, we have prepared a document with some frequently ask questions for international investors who invest in Spain.

  • Can you request a deferment of the rent of a business or a house?

In principle not, only in the case of mortgages of those who have lost income or their job due to the coronavirus. However, the Government is considering establishing aid for the rental of premises and offices. Work is underway to create a package of measures for those SMEs and the self-employed who have been affected by the coronavirus crisis. Specifically, the Government is studying the possibility of establishing a moratorium, as has been done in France, or a direct line of aid, as in Italy, for the payment of rent for offices or premises.

In any case, this operation would not affect the properties of natural persons and would only be aimed at large companies and legal entities. In addition, the criteria to qualify for this measure would be the same as for the mortgage moratorium approved last week.

  • What is the global crisis caused by COVID-19 expected to be like?

The world economic scenario is very uncertain at the moment, but analyst Mohamed El-Erian predicts that there will be four phases.

  1. The first, in which we are already immersed, is of economic and corporate damages (with a stoppage in the services and manufacturing sectors, a perfect storm that restrains consumption, investment and trade at the same time).
  2. The second, financial contagion: money stands still and only central banks can offer liquidity.
  3. The third, bottom formation: there will come a time when the markets will bottom out; If this is matched with effective containment of the virus, recovery can be less painful.
  4. Lastly, the long-term effects will come, among which a boost to de-globalization is foreseen, with companies that will rethink, for example, the benefits of having distant production centers, distributed all over the world.

The International Monetary Fund (IMF) is ready to mobilize all its lending capacity, a trillion euros (about 890,000 million euros), to help countries face “the economic and humanitarian impact” of the coronavirus, said the managing director of the body, the Bulgarian Kristalina Georgieva.

Do I have to continue paying the tax debts?

In order to facilitate the payment of tax debts, the terms for payment are made more flexible, both in the voluntary period and in the executive period, as well as the payment derived from the deferment and installment agreements.

Clarification: if there is more than one expiration derived from deferment or installment concession agreements notified before the RDL comes into force and to pay between the date of entry into force of the RDL and April 30, 2020, all the due dates that should entered between the entry into force of the RDL (March 18, 2020) and April 30, 2020 are carried over to the latter date, without increasing their amount.

  • Are the deadlines for filing declarations and self-assessments modified?

No. The deadlines for submission and entry of self-assessments and the deadlines for submission of informative returns are not affected by the suspension of deadlines regulated in Royal Decree-Law 8/2020. This is established in section 6 of the third additional provision of Royal Decree 463/2020, of March 14, which declares the state of alarm for the management of the health crisis situation caused by COVID-19, incorporated to said additional provision by Royal Decree 465/2020, of March 17.

For this purpose, it is recalled that measures have been adopted to make postponements more flexible (see the section on questions about postponement measures).

  • My digital certificate is about to expire, what should I do?

In relation to those taxpayers whose electronic certificate is expired or about to expire, it is reported that the AEAT allows the use of expired certificates in its HEADQUARTERS in accordance with the provisions of Royal Decree 463/2020, of March 14.

If you have questions about technical computing issues, you can call the following numbers: 901 200 347 or 91 757 57 77.

  • Are the immigration or police offices open?

No, all the immigration offices, police stations or civil registry are now closed.

In addition, the Ministry of Foreign Affairs, in charge of legalizations, has also closed. However, they are sending the files by post, accompanied by an envelope prepared for urgent return.

There is only one exception. The civil registry will be opened for marriages and births that have been scheduled.

But any attempt to go to one of them will be a fine; because they are not included in the possibilities of leaving your house that you are allowed right now.

  • What if I had an appointment scheduled for these days?

If you had an appointment with any public administration institution, it is now suspended.

Therefore, any appointments for fingerprinting, return authorization, European Union certificates or flag swearing for nationality procedures are temporarily canceled.

This does not mean that it is canceled forever. Once the situation returns to normal, you will retrieve your appointment and can proceed with your file or request.

Although we don’t know exactly how it will ultimately work, people who had an appointment that has now been canceled due to the coronavirus will have preferential treatment and will be able to get their appointment sooner.

Be sure to check your email to find a notification indicating its cancellation.

  • What appointments are canceled?

With the current situation, the face-to-face appointments of all the residence authorizations that were presented in the immigration office are canceled:

  1. Rooting
  2. Family reunification
  3. Family member of community

However, an exceptional authorization has been created for the presentation of residences. You must present a series of specific documents and your personal documents. With the digital certificate, your residence will not be affected.

  • Can I make an appointment with the police or immigration office to carry out my procedure?

It is still possible to get an appointment for any immigration procedure that must be done in person. But keep in mind that the earliest you can get it is for September.

And since everyone who had a scheduled appointment (now canceled) will have preferential treatment, the delay in formalizing your file will be noticeable.

To request your appointment with the immigration or police office, you must do it online.

  • What procedures can I no longer carry out?

To make things even clearer, we attach a list of the procedures that you can NOT do now:

  1. NIE
  2. Fingerprinting
  3. Return authorization
  4. EU Certificate

That is, all the procedures that were carried out in the police.

  • What should I do if my green card is about to expire?

This may seem somewhat dramatic at first. Your TIE or residence card may be about to expire, and how can you not renew it (since any face-to-face immigration procedure is paralyzed). Technically you will become illegal.

But the news is not as bad as it sounds. You will not have any problem to renew your green card.

Well, a Royal Decree has been approved to deal with the interruption of deadlines for processing public sector procedures (including any public administration, without exception). In other words, you can still submit your renewal request, and you can do it electronically.

And for the renewal to be valid, you must start it before the expiration of your card (60 days before) or 90 days later. The renewal process can be carried out without problem, the only thing you must do later will be the registration of the fingerprint.

  • My tourist visa is about to expire and I cannot leave the country. What I do?

It is very likely that as a foreigner visiting Spain, your tourist visa is about to expire.

Because the borders are closed, you will not be able to leave the country, which will mean that you become an irregular person in Spain.

 

Orience International team is at your complete disposal to continue serving your needs.

*Chinese language: Menghan

Phone: 0034 608 37 11 03

Mail: ml@orienceinternational.com

WeChat ID: wxid_e7dx23c732o712

*Arabic language: Zahra

Phone: 0034 649 33 95 75

Mail: zm@orienceinternational.com

*English language: Soraya / Sofía

Phones: 0034 650 50 32 06 / 0034 628 67 49 45

Mails: sr@orienceinternational.com sf@orienceinternational.com

 

Orience International Team

 

 

 

Due to the crisis of COVID-19 the spanish government has adopted urgent and extraordinary measures that cover many different areas of business activity. The most significant in each area are summarized below.

Royal Decree-Law 8/2020, of 17 March, on urgent and extraordinary measures to deal with the economic and social impact of COVID-19

Individual protection measures

  • The supply of electrical energy, natural gas and water cannot be suspended for vulnerable, severely vulnerable or socially excluded consumers.
  • Measures are adopted to seek a moratorium on mortgage debt for the purchase of the habitual residence of those who are experiencing extraordinary difficulties in meeting their payments as a result of the COVID-19 crisis.
  • The benefit of exemption is granted to the guarantors or mortgage guarantors who are in a situation of vulnerability.
  • Electronic communications services and broadband connectivity are guaranteed to all current users during the state of alarm.
  • The term to return any purchased product is suspended during the validity of the alarm state and will be resumed at the end of the validity of the royal decree law.

Measures to ensure liquidity and financial

  • The Ministry of Economic Affairs and Digital Transformation will provide up to one hundred billion Euros (100,000,000,000 Euros) in guarantees for financing granted by credit institutions, financial credit establishments and electronic money and payment institutions, to companies and self-employed persons who need it to meet their needs arising from the management of invoices, working capital requirements, financial or tax obligations or other liquidity needs.
  • The ICO’s net debt limit is increased by ten billion (10,000,000,000) euros in order to increase the ICO lines of financing for companies and the self-employed.
  • A line of insurance coverage of up to two billion (2,000,000,000) euros is authorized for the working capital loans required by the export company from the Internationalization Risk Reserve Fund, for certain small and medium-sized companies with liquidity problems due to the impact of the crisis generated by COVID-19.

Extraordinary measures for associations or foundations

  • Companies, associations or foundations may hold the meetings of their governing bodies by videoconference.
  • Likewise, companies, associations or foundations are allowed to adopt resolutions of their governing bodies in writing and without a meeting, with conditions.
  • The period of three months from the end of the financial year for the preparation of the annual accounts is suspended.
  • Until the end of the state of alert, the right of separation of the partners is suspended.

Tax measures

The following measures have been adopted in the area of taxation:

  1. Measures to guarantee liquidity
  • Suspension of tax deadlines

With regard to the tax deadlines, measures have been taken to extend or suspend them.

– Extension of time limits in administrative procedures

The following deadlines that started before the entry into force of the royal decree – law are extended until April 30, 2020:

  •  The deadlines for payment of tax debts provided for in the article resulting from administrative settlements.
  •  The deadlines for attending requirements, seizure proceedings and requests for information with tax implications, as well as the deadlines for making allegations in the opening of such proceedings or in the following hearings:
    • Tax application procedures.
    • Penalty procedures.
    • Nullification procedures.
    • Procedures for refund of undue income.
    • Procedures for rectification of material errors and revocation.
  • Time limits for enforcement of guarantees on property in the context of administrative enforcement procedures.
  • The time limits for attending requests and information requests from the General Directorate of Cadastre.

Also extended until 20 May 2020, among other things, the deadlines for voluntary and enforced payments of settled tax debts and the due dates of instalments and instalment agreements already granted.

 

Labour and social measures

  •  Measures to avoid layoffs due to temporary adjustments in business activity
    • With regard to temporary employment regulations (ERTEs) due to economic, technical, organizational and production reasons related to the COVID:   These are understood to be those that have their direct cause in losses of activity as a consequence of COVID-19, including the declaration of the state of alarm, which imply the suspension or cancellation of activities, temporary closure of premises with public affluence, restrictions on public transport and, in general, on the mobility of people and/or goods, lack of supplies that seriously impede the continuation of the ordinary development of the activity, or in urgent and extraordinary situations due to contagion of the workforce or the adoption of preventive isolation measures decreed by the health authority, which are duly accredited.  Similarly, the requirements for extraordinary benefits due to cessation of activity are made more flexible.
  • Distance working or teleworking is encouraged
  • Adapting the timetable and reducing the working day
    • Workers who can prove that they have a duty of care towards their spouse or partner, as well as towards family members by blood up to the second degree of the working person, shall have the right to have their working day adapted and/or reduced.
    • Likewise, exceptional circumstances will be considered to exist when there are decisions adopted by the governmental authorities related to the COVID-19 that imply the closure of educational centres or those of any other nature that provide care or attention to the person in need of them, and when the exceptional circumstances that require the presence of the working person concur, when the person who up until now had been responsible for the direct care or assistance of the spouse or relative up to the second degree of the working person could not continue to do so for justified reasons related to the COVID-19.
    • The right to adapt the working day may refer to the distribution of working time or to any other aspect of working conditions, and may consist of a change of shift, alteration of timetable, flexible timetable, split or continuous working day, change of workplace, change of functions, change in the form of provision of work, including distance working, or any other reasonable and proportionate measure, taking into account the temporary and exceptional nature.
  •  However, the employment measures that have been adopted will be subject to the company’s commitment to maintain employment for a period of six months from the date of resumption of the activity.

The state of alert has been extended for a further 15 days, until 11 April, with the support of the Congress of Deputies.

New measures have been adopted, which are summarised below:

  1. To provide that all the Autonomous Communities take charge of the private residences for the elderly.
  2. Apply generalised restrictions on travel for one month.
  3. The Armed Forces will extend their actions in the transfer of patients, protecting critical infrastructures, and supporting the transport of medical material and connections with the islands.
  4. Establish a home food delivery service for people from risk groups.
  5. Establish a strategic reserve of health products.

Eje Prime, online journal of economic information specialized in the real estate business in Spain, has interviewed our CEO, Oriol Molas, to learn about the impact of the coronavirus crisis on international investment,especially in the real estate sector.

Among the most important points Molas has discussed in the interview are:

  • International investment has suffered a severe setback with coronavirus.
  • Ongoing operations are being spaced and paralyzed and no new transactions are initiated.
  • When the health crisis is over, there will be a rebound in international investment in the real estate sector.
  • After this period the real estate will once again be an interesting and attractive sector.

Read the news here.