Accounting Services updates in Spain

Limited Company or Sole Trader in Spain?

Assuming you have already decided on the type of business you want to run and where in Spain you wish to locate it, then the main decision you will need to make is whether you should set it up as a limited company or as a sole trader. This can be extremely important as you can save a considerable amount of money depending on ... Read More

VAT Spain

VAT Rates in Spain VAT in Spain is known as IVA (Impuesto de Valor Añadido) applies to all purchases made in Spain except for those transactions which are exempt and, as in other countries, there are various rates or bands. In Spain there are in fact three rates: Standard Rate: 21% Reduced Rate: 10% Super Reduced Ra... Read More

Autonomo Spain: An Overview

Many businesses in Spain operate as 'autonomos' or 'sole traders' and below you will find a quick guide to the typical tax and other fiscal obligations that you will be required to comply with in order to avoid any problems with the taxman or the Social Security office. Virtually all self-employed people in Spain, especially if... Read More

Spanish SL - Set Up a Limited Company in Spain

Spanish SL The figure of Spanish SL is the equivalent of a UK limited company and afford director/owners the protection of the corporate veil. It it the appropriate corporate vehicle for anyone setting-up a business in Spain who requires either limited liability protection or a more complex corporate structure than is possible ... Read More

Spanish limited company Set-up

Paying Over the Odds For Services In Spain All too often foreign (i.e. non-spanish) business people pay too much for services in Spain. This has been the case since Spain first became an attractive destination for Northern Europeans to settle down, and unfortunately continues today. Attempts have been made to justify this by a... Read More

Company Formation in Spain

Getting the Right People for the Job Company formation in Spain is unfortunately more complex and time-consuming than is the case in the UK and other Anglo-saxon jurisdictions. The first and most important step to ensuring the long-term viability of your new business in Spain is to get the right help and advice from those with ... Read More

Register a Branch Office in Spain

Having decided to do business in Spain, it may be convenient to establish a branch office locally rather than by incorporating a limited company.  This will mean that the branch profits will be subject to taxation as a non-resident company and any applicable double taxation treaty. As a non-resident company, the branch need not... Read More

Setting-up a Diving Business in Spain

If you are considering setting-up a diving business, Spain is one of the most popular destinations for the practice of this type of sport, especially in the Canarian archipelago, which due to it’s natural beauty and location, generates a great deal of interest for this type of investor. From a business investment point of vie... Read More

Costs of Setting-up a Business in Spain

A British national, resident in Spain, who is interested in setting-up a new business wanted information on the likely costs and the legal options when starting a business here. Below are the answers, that others may find useful. What is the cost of setting up a limited company in Spain? There's no fixed cost. It would depend ... Read More

Simplified license application process for new businesses Extended

The new application process for licensed business activities in Spain, often referred to as the 'express license' process - which removes the requirement to apply for a license for specific types of establishment before commencing trading - is to be extended to new businesses with larger  premises. The measure was introduced i... Read More

Self-employed in Spain: Expenses if Working From Home

Either through choice or by necessity a large percentage of the self-employed or 'autonomos' in Spain choose to work from home. That being the case, it is of course important to be aware of those expenses that can be claimed and used to reduce profits and therefore income tax. It is also important to be aware of those that may ... Read More