![]() When calculating your monthly expenses, you will need to take the following costs into account: A digital business operated from home will cost less and a multi-site operation could cost more. If you have a physical location and employees, it’s not unreasonable to expect to have a budget of €50,000 per month for running your business in Spain. However, if you pay someone to complete these steps for you, you’ll need to factor in this cost as well. Registering with the local Spanish tax office and social security office shouldn’t cost you anything but time. The first month’s subscription for your European merchant account.Product development and production costs.The costs to fit out your business premises.Your first month of rent plus a bond of 1-2 months’ rent.Funds for additional fees and taxes, including waste collection, property tax (IBI), and the economic activity tax (IAE).€1,000+ for business activity licenses for your business premises.€600 plus IVA (21%) to have a legal firm set up your business for you.€150 to register a brand name in Spain or €900 to register your brand name throughout Europe (this must be renewed every 10 years).€50 to legalise your accounting books (annually).€100-250 to be placed on the business register.€200 for the Registro Mercantil Central (Central Mercantile Registry), including €39 for the no-name-coincidence certificate for your company name and €10 for postage.To register your business, you will need: The €3,000 minimum share capital must be deposited into a brand-new Spanish bank account before you can register a Spanish business. The Breakdown of Costs for a Limited Liability Company Minimum Capital Investment The initial capital investment required for limited companies can be spent on business assets, so it’s in no way “money lost.”.Sole traders are personally liable for company debts, and you could end up losing your personal assets.While this cost is significantly higher than the cost of starting a business in Spain as an autónomo, remember that: To start a limited liability company in Spain, you’ll need a minimum share capital of €3,000 plus another €1,500 – €2,000+ for the various certificates, notary fees, legal fees, and trademarks. If you are 47 or older, your social security contributions will be higher.Ī sociedad limitada (S.L.) or limited liability company is the most common business structure in Spain. You can expect to pay a minimum of €294 per month and a maximum of €1,266.66 per month, depending on your monthly income. Visit the local social security authorities and register there as well.You will receive an IRPF tax certificate which you will use to pay your own income tax. Go to the local tax office with your valid passport and NIE and fill in a Model 036 or 037 form. ![]() Get expert legal advice on the different categories of self-employed and partnership business structures (as relevant) to find the one that best suits your needs.Once you arrive in Spain (or at any time if you are already a legal resident), all you need to do is: How to Set Up as a Sole Trader or Freelance Professional The cost of a self-employed visa costs a little over €200, and the visa is valid for one year. EU citizens can simply arrive and apply for an NIE straight away.Īs a self-employed person, you will need to show that you have the relevant qualifications and enough money to start your business. If you are a non-EU citizen, you will need a self-employed worker visa to arrive and start doing trade in Spain. VAT (IVA)-an additional 21% that you will add to each invoice.Merchant services if you sell products onlineĪfter you register as a self-employed person or sole trader, you will then be responsible for paying:.Accounting services if you would like help filing your personal tax return.Membership with a professional association (if relevant).A business premises or commercial office (if relevant).Your business visa or work permit (if applicable).Setting up as a sole trader ( empresa individual) or freelance professional ( profesional autónomo) is the cheapest and most straightforward business structure to set up in Spain. However, there are some predictable, fixed costs that- sí o sí-will form part of the cost of starting a business in Spain as a foreigner or as a Spanish resident. The total cost will naturally be affected by the city where you plan to operate, how many staff members you intend to employ, and the nature of your product or service. If you’re thinking of starting a business in Spain, you’ll need to be aware of the up-front and ongoing costs of making this dream a reality. How Much Does It Cost to Start a Business in Spain?
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