An essential step before starting a business in Spain is to conduct market research and develop a detailed business plan. It is important for foreign entrepreneurs to take into account local cultural characteristics, consumer preferences and the competitive environment.
The business plan must contain:
- Business concept: a detailed description of the enterprise, services or products offered, target audience and competitive advantages.
- Financial diagram: cash flow planning, authorized capital, projected profit and main expenses.
- Financial investments: assessment of the initial costs of starting a business, including sources of guarantees for the loan.
- Internal structure of the enterprise: organizational structure, management chart, appointment of managers.
To register a business and begin official activities in Spain, you must obtain a NIE number (Número de Identificación de Extranjero) - a taxpayer identification number, and also open a bank account for future transactions.
Opening a business in Spain/Alicante/Torrevieja
Spain provides various forms of enterprises, such as sociedad limitada (SL), sociedad anónima (SA), sole proprietorship (autónomo), branches of international companies, cooperative (sociedad cooperativa), joint ownership of property (comunidad de bienes) ) etc. Each of them has its own characteristics in terms of taxation, responsibilities and regulation.
Opening a business in Spain is most often carried out in the form of a closed joint-stock company (sociedad limitada), where the founders are liable for debts in the amount of their contribution to the authorized capital. The owner of the company cannot be a director, so a person with a passport of Spain or an EU country is appointed to this position, and the authorized capital is 3,100 euros.
With this form of enterprise, it is necessary to pay taxes, such as income tax (IS) in the amount of 15 to 25%, VAT (IVA) depending on the type of product or service (4, 10 or 21%) and social insurance contribution for each company employee in the amount of 29.8% of the salary.
After choosing a business form and developing a business plan, you must register the business in the Spanish Trade Register (Registro Mercantil) and fulfill all legal obligations associated with the chosen business form.
To obtain licenses and permits to conduct business in Spain, you may need to obtain relevant documents, such as permission to use retail space, licenses for a restaurant or tourism business, permits from local authorities, etc.
Opening a Business
Opening a business in Spain is a serious process that requires several important steps. You will need a city permit to build, renovate or demolish buildings, as well as register with the Spanish tax office and obtain a tax identification number. Compliance with labor laws and other aspects of human resource management must be taken into account when hiring personnel.
Opening a company in Spain provides a number of advantages, such as the opportunity to open a company in a country with a developed economy, the need to become a resident foreigner. Spanish banks are ready to lend to foreigners when opening companies, and opening a business can lead to obtaining a residence permit and even citizenship.
Among the disadvantages are high tax rates, but the Spanish government is loyal to foreigners opening a business in the country. Real estate agency Arcostec offers a wide selection of commercial real estate and provides all the necessary advice on starting a business in Spain.
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