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What it is

Simpler permits, less overtime, and new investment companies

BOE step 7 of 7 · Passed

It is a royal decree-law. It was introduced on 31 March 1986. Introduced by: Gobierno.

Official title: Royal Decree-Law 1/1986, of March 14, on Urgent Administrative, Financial, Fiscal and Labor Measures.

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Source: Congreso de los Diputados, file 130/000039· updated 11 Nov

Automatic summary, not yet reviewed

  1. Licenses to set up, move or expand companies will be understood as granted if the Administration does not answer within two months (positive administrative silence), except for the matters listed in the annex, where negative silence still applies.
  2. The tax on stamped legal documents is removed for applications, certificates and licenses before public administrations, and communications may be sent by telegram, telex or any other written means.
  3. Prior authorization is no longer needed to open a workplace: notifying the Labor Authority within the following thirty days is enough. The visa for work calendars and prior registration with the Employment Office for company entrance tests are also removed.
  4. Overtime is capped at 80 hours a year (previously 100), with no daily or monthly limits, and it can be compensated with paid rest instead of being paid out, with a minimum increase of 75%.
  5. For transfers of assets made in 1986, personal income tax The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings. applies update coefficients to the purchase value depending on the year of acquisition, so that inflation-driven gains are not taxed.
  6. Venture capital companies and funds are created to invest in non-financial companies, with capital and shareholder requirements, tax benefits and the option to list on the Second Market. If they break the rules, they lose those benefits.

Who it affects

  • Companies and individuals applying for administrative licenses: They will get the license if the Administration does not answer within two months, except for excluded matters.
  • Employees: Their overtime cap drops to 80 hours a year and it can be swapped for rest.
  • Employers: They no longer need prior authorization to open workplaces or a visa for work calendars.
  • Investors and companies seeking funding: They can use the new venture capital companies and funds and their tax benefits.
  • People transferring assets in 1986: They pay less personal income tax because the purchase value is adjusted for inflation.

Words worth knowing

Silencio administrativo positivo (positive administrative silence)
If the Administration does not reply in time, the request is understood to be approved.
Silencio administrativo negativo (negative administrative silence)
If the Administration does not reply in time, the request is understood to be denied.
Horas extraordinarias (overtime)
Work hours done beyond the agreed ordinary working day.
Sociedad o Fondo de Capital-Riesgo (venture capital company or fund)
An entity that temporarily invests money in companies to promote them and make a profit.
Coeficiente de actualización (update coefficient)
A number that multiplies the purchase price of an asset to adjust it for inflation before calculating the tax.
income tax
The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings.

It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries

Where it stands

How far did it get?

It took 7 of 7 steps. It reached BOE, and today it is passed.

  1. Introduced31 March 1986Someone registers the text in the Congreso.
  2. Admittedno dateThe Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
  3. Amendmentsno dateGroups propose changes.
  4. Committeeno dateA committee goes through the text in detail.
  5. Plenaryno dateAll 350 deputies vote.
  6. Senateno dateThe Senate can pass it, amend it or veto it.
  7. BOEno dateIt is published in the Official State Gazette (BOE) and comes into force.
See the 1 official steps on a timeline
Mar 198611. 31 March 1986: Presentación

Was there a plenary vote?

We have no plenary vote linked to this law in the Congreso’s data.

What happens next

What happens now?

It is law, or will be once published in the BOE. It comes into force on the date its own text sets.

Published in the BOE: Royal Decree-Law 1/1986, of March 14, on urgent administrative, financial, tax, and labor measures

Sources

Where does all this come from?

  • The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
  • Each deputy’s province is the one of their seat on the day of the vote.
  • We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.

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