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How Special Memorandum Accounts Work.



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A Special Memorandum Account (SMA) is an account that is used to hold securities that are not readily marketable. These securities may be illiquid or restricted, meaning that they cannot be sold on the open market. Instead, they must be held in an account with a broker-dealer or other financial institution that is willing to … Read more

What is the NIE?



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The Foreigner's Identification Number or NIE, is a code that serves to uniquely identify foreigners residing in Spain. Being in possession of the NIE is necessary to be able to work legally in Spain, as well as to register or to buy a vehicle. If a foreign citizen wants to start a company in Spain, … Read more