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movement, the customs officers may seize them. This administrative declaration is required forinformation purposes.Furthermore, the movement in national territory of any kind of payment method that is equal orabove EUR 100.000 has to be previously declared to the custom officers.Outward InvestmentThose residents willing to make an investment outside of Spain have to declare in special cases tothe Bank of Spain. For example, it is mandatory to declare those investments for financing andadjourning of payments and receipts over one year, or credit offsets and debts between residentsand non-residents.Another requirement is the declaration of credits and financial loans given by non-residents toresidents, which further requires the obtaining by the resident of an identification number forfinancial operations, whenever the amount equals or exceeds EUR 3.000.000.In GeneralBasic LawLABOURThe basic law in this field is the Workers’ Statute (Royal Legislative Decree Number 1/1995),which defines the respective rights of employees and employers, general terms of labourcontracts, procedures for dismissal, and collective bargaining rules.In addition, there are specific regulations for different production sectors and certain groups ofemployed persons, such as commercial representatives and top management personnel.Another important source of labour law is collective bargaining agreements, which may benegotiated at state, industry, regional, or company level. Individual employment contracts arethus subject to a number of mandatory provisions that condition the labour relationship. Therealso are detailed regulations affecting working hours and worker safety and health in specificindustrial sectors.Non-discriminationThe Workers’ Statute generally prohibits employment discrimination on the basis of sex, maritalstatus, age, race, social status, religion, political ideology the different official languages in Spain.It also prohibits discrimination because of physical or mental handicaps if the candidate isotherwise suitable for the job in question.16