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services providers shall meet before and after obtaining the relevant authorization to be grantedby the Ministry of Economy Bureau and the Bank of Spain, most of the requirements concernthe share capital of the company, honorability of its partners and directors and economicguarantees for the users of the service.Besides having the company being incorporated in Spain with a corporate domicile anywherewithin the country, the law establishes a minimum share capital that ranges from the 20.000.-€ ifthe company only provides payment services, up to 125.000.-€ when the company performs allthe activities listed in section 1.2 of the Spanish Act (Money remittance, execution of paymenttransactions where the funds are covered by a credit line for a payment service user…).In GeneralEXCHANGE CONTROLSThe freedom of movement of capitals and economical transactions in Spain is free for EU-Residents due to the Maastricht Treaty signed up nearly twenty years ago. Furthermore, Spain hasextended this regime to all foreign investors, with no differences between EU-residents and nonresidents.The only exception is for those investments done from tax havens which require a prior controlby the Spanish Public Administration. These investors may be either physical or legal personnon-resident in Spain.Inward Direct InvestmentThe general rule is that there is no need for authorization or declaration in case of foreigninvestments due to the fact that not only EU-Member states are treated equally, but additionallySpain has extended this regime to the rest of the countries with a few requirements legallyestablished, only an ex post control.External investments are submitted in general to later declarations with the exceptions of taxhaven, non-EU Member’s investment in real estate for their embassies and foreign investments innational defence. Special requirements for air transport, radio, television, raw materials andstrategic minerals among others are required.Imports and ExportsThe Decree EHA/1439/2006 which regulates the declaration of movements of paymentmethods in the scope of the prevention of money laundering requires that the export of any typeof payment method is subject to administrative declaration when the total amount is above EUR10.000 per person and transaction. If the subject does not declare the abovementioned15