Start a business in Spain : understanding Spanish terms

creer-societe-espagneWhen starting a business in Spain,  you will face many Spanish words at first difficult to understand. 

This article will enlighten you on these terms, explaining, for each of them, the Englishequivalent.

NIE (Número de Identificación de Extranjeros) : The NIE is the identification number of a foreigner in Spain. It is essential to Spain in order to create your company, open a bank account and almost all the paperwork. You can get this NIE, whether European or not. This edition includes 8 or 9 characters and starts with an “X” or a “Y”.

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My Spanish company requires an address in Spain?

business-address-spainYES! To start a business in Spain, you must have an address.

Indeed Spanish companies involved in economical activities in Spain or not, their must be domiciled.

When registering the company and signing the acts at the Notary, you will be asked a business address in Spain. Continue reading

What are the steps to start a business in Spain?

Opportunity-taxes-company-startIn Spain, it is now very easy to start a business. In fact, the government in recent years, have simplified the process. If you use an accounting firm, only 8 days are necessary for the creation of your business.

1. Obtaining the NIE

First, you must obtain a NIE, which is the tax identification number in Spain. The NIE will allow you to open a bank account, work and create a business. This number is obtained very quickly (the day of application).

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Taxation system : Spanish VAT

VAT-rates-españaFirst, to start a business in Spain, is assigned a CIF (Código de Identificación Fiscal). This number is the tax identification number of his company.

With this number you can carry out activities in Spain, but also throughout Europe.

It is not require to include VAT on customer bills by members of the European Union, and conversely, they do not charge if you are registered in the VAT register.

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