No matter if you are a foreigner or a local citizen of Spain, everybody is allowed to start your business in the country. The only requirement is that you are a legal resident. Nevertheless, according to your country of origin, the process can get more complicated.
Is it easy to start a business in Spain?
While it might take some time to adjust to business practices in Spain, there is no need to be put off. The 2018 World Bank Ease Of Doing Business Survey placed Spain 28th out of 190 countries, meaning it’s considerably easier to do business here than in the majority of its neighboring nations.
How much does it cost to start a business in Spain?
There’s no fixed cost. It would depend on several factors (such as: initial share capital, number of partners, extension of the incorporation deeds, …). The costs for setting-up an ordinary limited company (3,000 euros initial share capital, with 1-4 shareholders usually are: 3,000 € (initial share capital).
Is Spain a good country to start a business?
Is Spain a good place to start a business? Honestly, the answer is a capital “YES”. A lot of people including expats have started their businesses in the Kingdom of Spain; it is one of the best places to start a business in Europe.
What is the best business in Spain?
BUSINESS IDEA SUGGESTIONS FOR EXPATS IN SPAIN
- OPENING A SOUVENIR SHOP. …
- BUILD A CONTENT WEBSITE. …
- BECOME A LANGUAGE TEACHER. …
- OPEN A LOW-COST EXPERIENCE TRAVEL AGENCY. …
- SOCIAL MEDIA MANAGER. …
- CLEANING BUSINESS. …
- ONLINE COACH. …
- PROFESSIONAL PHOTOGRAPHER.
How much does it cost to be self-employed in Spain?
As of January 2021, the general rate for self-employed professionals increased to 30.6%. This means that self-employed persons paying on the lowest base (€289 per month) will see a €3 monthly increase and the maximum (€1,233.20) will pay €12 more each month.
Can I live in Spain if I buy a business?
All foreign business owners have the opportunity to become resident in Spain, and this will not change after 1 January 2021. … This basically means that you will be considered an EU resident in Spain and have identical rights to those enjoyed by other EU citizens in the country.
What are the most successful small businesses?
Most profitable small businesses
- Personal wellness. …
- Courses in other hobbies. …
- Bookkeeping and accounting. …
- Consulting. …
- Graphic design. …
- Social media management. …
- Marketing copywriter. …
- Virtual assistant services. Finally, last on our list of the most profitable small businesses: virtual assistant services.
Can I move to Spain without a job?
If you work for yourself, you can still move to Spain and declare yourself ‘self-employed’ or ‘Autonomo’. There are a lot of steps you will have to take: Apply for a permanent residence. Demonstrate that the commercial activity you are undertaking is compliant with Spanish rules.
What documents does an investor need to provide to open a business in Spain?
Amongst the main incorporation requirements for company formation in Spain, we mention the following:
- provide a copy of the parent company’s articles of association, certificate of incorporation and memorandum;
- obtain a notarized power of attorney and a Spanish tax identification number;
How do I get a business permit in Spain?
Obtaining a Business Licence in Spain
- Four photos.
- Title deed and lease contract for your business premises (plus a photocopy).
- Business incorporation charter.
- Completed request form.
- Any other permits related to your specific profession. For example a cook will need a food handler’s certificate.
What is a golden Visa Spain?
The Golden Visa for Spain is a residence visa issued to a non-EU national who intends to make a significant investment in the Spanish economy. The visa offers the holder and their family members residency in Spain and visa-free access to the Schengen Zone.
How do I become self employed in Spain?
Firstly, you register with the tax office (Agencia Tributaria or Hacienda) and secondly, you join the autonomo social security system (Regimen Especial de Trabajadores Autonomos or RETA). For the autonomo registration, you need a national insurance number for Spain (An NIE) and a Spanish bank account.
Can I set up a business in Spain after Brexit?
Types of companies you can register in Spain after Brexit
Depending on the type of company and activities you want to start in Spain, foreign investors must register either a limited liability company (SL or Sociedad Limitada) which is similar to Ltd or a public limited company (SA or Sociedad Anónima).
How long does it take to set up a company in Spain?
Generally, incorporation of a branch takes between 6-8 weeks. Same procedure as for a company. Same procedure as for a company. The branch will also need to appoint an individual or legal entity residing in Spain to represent the parent company in dealings with the Spanish tax authorities regarding its tax obligations.