When 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”.
In 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).