Starting a Business in Spain Everything you Need to Know!

Spain is now one of the countries that attracts the most investors. And for good reason! On the spot, the growing unemployment rate makes it possible to find a qualified workforce quickly and above all, with a minimum wage that is two times lower than in France. In addition, employee and employer charges are lower with a corporate tax of around 15%. And if we add to that a pleasant climate all year round, here is why it is in your interest to go through a business creation in Spain!

Which legal structure to choose?

For the creation of a company in Spain, it is first necessary to consider the legal structure to choose. And for this, it is always preferable to go through specialists in the field who will considerably facilitate the administrative procedures. In addition, they will be able to help you get grants up front.

The Spanish SARL resembles the French structure to be mistaken. Likewise, your liability is limited to the capital of the company and it may have an unlimited number of shareholders.

Here again, the model is similar to that of the French structure but nevertheless, more restrictive. Indeed, to open this type of structure, you will need to present a capital of up to € 60,000.

Self-employed worker status

In Spain, it is a status which will allow you to exercise an independent activity with Spanish clients. It's an interesting choice as it allows you to test the market before you go big. In addition, the formalities are generally much more flexible and the contributions reduced.

Should we go through expatriation?

For the creation of a business in Spain, you should know that expatriation is not compulsory. However, you still have to follow certain rules. For example, a physical presence on Spanish soil is mandatory, which could result in commercial premises or the purchase of an apartment. The co-working option is also possible if you still want to live in your home country. On the other hand, you are obliged to employ at least one employee if you do not wish to be a resident.

Mandatory formalities

To create a business in Spain, you will have to comply with certain mandatory formalities. For example, your presence is required to be able to initiate certain administrative formalities. Here you go through the issuance of a type C visa which is usually issued for tourism, family or professional reasons.

In addition, you must have an identification number for foreigners (NIE) in order to be able to exercise on Spanish soil. This is also what will allow you to open a bank account or invest in offices. But here again, you will be largely guided and supported in your efforts by qualified professionals. With different formulas depending on the legal structure chosen, they are the ones who start all the administrative procedures to simplify your life. In addition, a French advisor will be at your side to help you understand the administrative and legal system of the country. Simple, practical, it is an essential trick to know to put all the chances in your side.