There are a number of advantages when operating your business as a limited company that could well compensate the initial costs of incorporation and the slightly higher running costs.
This is a common question among those who plan to start a new business. Spain has one of the highest self-employed contribution fees. Many people wonder whether it is worth paying this fee especially if they only work a few hours each month.
Very often entrepreneurs find the amount of legal and administrative obligations required to start up a business daunting. Some hurry to get their business up and running to be able to care for these expenses which can lead to making serious errors in the process.
Are you considering buying a business in Spain?. Are you building up a business to sell it later? Here are some points to consideration that will help you to understand the implications and options, and assist you to make a sound decision.
Getting your NIE is the first step to start your business in Spain. This will be your ID, your Tax number, and it will be asked to open your bank account.
As a self-employed person, you will have to contribute to the Social Security every month from day one. Your autonomo’s social security contribution does not dependent on your revenues but on a theoretical income that you can choose within certain parameters. Learn all about it.