Starting a business in Spain

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    • #52528
      Anonymous
      Participant

      Hi All, Happy new year,

      How easy is it to set up a business in Spain?

      can anyone tell me what is involved,legally?

      do I need to get my Uk qualifications accepted by the Spanish aurthorities

      I am a Corgi Reg gas installer and qualified plumber, I also hold an air con qualification from BPEC (safe handling of refrigerants)
      any help much appreciated

      Chilly 8)

    • #68183
      Anonymous
      Participant

      Hi Chilly,

      The best official route is to set up an S.L company equivilant to a UK Ltd, set up cost will be 3,006 euros plus any solicitors or notary costs, you will need to submit your chosen company name plus 2 alternatives to the mercantile register, takes about 4-6 weeks, alternatively as in the Uk you can buy a non trading shelf company, much quicker and a little cheaper however you will have to chose a name from the companies already registered. you can however just chose any company available and “trade as”

      Spanish employment laws are a little!! complicated find yourself a good Asesoria and discuss whether its best for you to be an employee of the company or to be self employed. Obviously if you are an employee of the company you will have a contract drawing a salary, making it easier for credit etc.

      Whatever route you choose to take the minimum social security cost will be circa 240 euros a month, you will immediatly have medical cover, unemployment benefit after 12 months, and qualify for a Spanish pension after 15 years contributions.

      Dont forget insurances, liability etc.

      Hopefully the link will help to get your qualifications recognised.

      http://www.dfes.gov.uk/europeopen/page_11.shtml

      Not condoning it but I guess this is why so many people work on the black, at least until they get established.

      Hope this helps

      Jim

    • #67983
      Anonymous
      Participant

      Hi Chilly,

      The best official route is to set up an S.L company equivilant to a UK Ltd, set up cost will be 3,006 euros plus any solicitors or notary costs, you will need to submit your chosen company name plus 2 alternatives to the mercantile register, takes about 4-6 weeks, alternatively as in the Uk you can buy a non trading shelf company, much quicker and a little cheaper however you will have to chose a name from the companies already registered. you can however just chose any company available and “trade as”

      Spanish employment laws are a little!! complicated find yourself a good Asesoria and discuss whether its best for you to be an employee of the company or to be self employed. Obviously if you are an employee of the company you will have a contract drawing a salary, making it easier for credit etc.

      Whatever route you choose to take the minimum social security cost will be circa 240 euros a month, you will immediatly have medical cover, unemployment benefit after 12 months, and qualify for a Spanish pension after 15 years contributions.

      Dont forget insurances, liability etc.

      Hopefully the link will help to get your qualifications recognised.

      http://www.dfes.gov.uk/europeopen/page_11.shtml

      Not condoning it but I guess this is why so many people work on the black, at least until they get established.

      Hope this helps

      Jim

    • #68189
      Anonymous
      Participant

      I set myself up as “autonoma” rather than an SL company as I am only one person and not a very big concern. Depending on the size & turnover of your company, one maybe better than the other.

      I only had to go to the Hacienda to register the business, and then to the Social Security offices to register there. All in Spanish of course, so if that is a problem get someone like a gestor to do it for you. It didn´t cost me anything at all to set up in business.

      Are you under 35? Female? If you are you´ll find lots of grants available to set up in business. I got two, each of 6000 euros from the Junta de Andalucia. I had to complete and pass a course producing a business plan for one, but the other grant was pretty much a giveaway.

    • #67989
      Anonymous
      Participant

      I set myself up as “autonoma” rather than an SL company as I am only one person and not a very big concern. Depending on the size & turnover of your company, one maybe better than the other.

      I only had to go to the Hacienda to register the business, and then to the Social Security offices to register there. All in Spanish of course, so if that is a problem get someone like a gestor to do it for you. It didn´t cost me anything at all to set up in business.

      Are you under 35? Female? If you are you´ll find lots of grants available to set up in business. I got two, each of 6000 euros from the Junta de Andalucia. I had to complete and pass a course producing a business plan for one, but the other grant was pretty much a giveaway.

    • #68193
      Anonymous
      Participant

      Hi, Can you tell me more about these grants…am under 35 and female and thinking of setting up my own business, not yet sure what or how though!!
      Its either that or working in the same school as hubby….Thanks
      Heather

    • #67993
      Anonymous
      Participant

      Hi, Can you tell me more about these grants…am under 35 and female and thinking of setting up my own business, not yet sure what or how though!!
      Its either that or working in the same school as hubby….Thanks
      Heather

    • #68195
      Anonymous
      Participant

      Heather – you once wrote:

      (Posted: Sat Dec 10, 2005 9:12 pm Post subject: FAQS)

      “Having brought a property recently, the thing we felt was missing from all the books and sites was a really easy to follow, all in one place over-view of the buying process, from viewing onwards ……”

      Why not start a business offering a cradle-to-the-grave house purchase advisory service for all the “naive” and “uninformed” Brits who are “ignorant of the very basics of property purchasing and completely vulnerable to unscrupulous traders”.

      With your wealth of experience now (purchasing, renovating, car buying etc) armed with a good list of trustworthy lawyers and agents etc. you may just save a lot of unnecessary heartache for those who choose to employ your services, for a fee of course.

      I wish we had had the opportunity to be advised by a service like that
      (at least we wouldn’t have waited to get a Bank Guarantee until 2 years down the line when we eventually found out about them…..).
      To be honest, if we had stayed in Spain, it was a business we would have considered.

      You might just be able to give some ‘unscrupulous traders’ a run for their money – lawyers, developers and agents alike.

      I have a great list of disgraceful, dishonest and corrupt lawyers and agents from our group for you (to know to avoid), to help you get started…… 😉

    • #67995
      Anonymous
      Participant

      Heather – you once wrote:

      (Posted: Sat Dec 10, 2005 9:12 pm Post subject: FAQS)

      “Having brought a property recently, the thing we felt was missing from all the books and sites was a really easy to follow, all in one place over-view of the buying process, from viewing onwards ……”

      Why not start a business offering a cradle-to-the-grave house purchase advisory service for all the “naive” and “uninformed” Brits who are “ignorant of the very basics of property purchasing and completely vulnerable to unscrupulous traders”.

      With your wealth of experience now (purchasing, renovating, car buying etc) armed with a good list of trustworthy lawyers and agents etc. you may just save a lot of unnecessary heartache for those who choose to employ your services, for a fee of course.

      I wish we had had the opportunity to be advised by a service like that
      (at least we wouldn’t have waited to get a Bank Guarantee until 2 years down the line when we eventually found out about them…..).
      To be honest, if we had stayed in Spain, it was a business we would have considered.

      You might just be able to give some ‘unscrupulous traders’ a run for their money – lawyers, developers and agents alike.

      I have a great list of disgraceful, dishonest and corrupt lawyers and agents from our group for you (to know to avoid), to help you get started…… 😉

    • #68197
      Anonymous
      Participant

      Thanks Jerez, unfortunately i am neither female nor under 35

      Jim, if i set up my company but don’t trade will i still be liable to social security payments? i was just thinking that i could possibly set up and be ready to go when i come over permanantely.

      also do i have to submit annual books to the Spanish equivalent of companies house

      Chilly 8)

    • #67997
      Anonymous
      Participant

      Thanks Jerez, unfortunately i am neither female nor under 35

      Jim, if i set up my company but don’t trade will i still be liable to social security payments? i was just thinking that i could possibly set up and be ready to go when i come over permanantely.

      also do i have to submit annual books to the Spanish equivalent of companies house

      Chilly 8)

    • #68201
      Anonymous
      Participant

      Hi Charlie, Almost what I thought of…a bit scarier!

      My idea : I have heard lots of comments from people that they went to see a house advertised as 10 mins from the beach and it was 30 and how much of a waste of their time it was. This led me to think that there maybe a market for someone who was based here who could either provide you with a selection of properties in your chosen location for you to narrow down and then view on your behalf, providing non-biased feedback and photos or view properties you had chosen and again provide feedback and photos. Especially as the estate agents here are not always very forthcoming with details of properties either..as I´m sure you realise in need of renovation can mean needs a new everything to needs updating!

      The only thing is how to make it pay…anyone got any ideas? If you were looking to buy would you use such a service and would you pay upfront? I REALLY do NOT want to take anything from estate agents commision!

      But now you have got me thinking!! It would be great to do something like that but maybe a bit scary!

      I might post this as a separate topic too….

      Thanks,

      Heather

    • #68001
      Anonymous
      Participant

      Hi Charlie, Almost what I thought of…a bit scarier!

      My idea : I have heard lots of comments from people that they went to see a house advertised as 10 mins from the beach and it was 30 and how much of a waste of their time it was. This led me to think that there maybe a market for someone who was based here who could either provide you with a selection of properties in your chosen location for you to narrow down and then view on your behalf, providing non-biased feedback and photos or view properties you had chosen and again provide feedback and photos. Especially as the estate agents here are not always very forthcoming with details of properties either..as I´m sure you realise in need of renovation can mean needs a new everything to needs updating!

      The only thing is how to make it pay…anyone got any ideas? If you were looking to buy would you use such a service and would you pay upfront? I REALLY do NOT want to take anything from estate agents commision!

      But now you have got me thinking!! It would be great to do something like that but maybe a bit scary!

      I might post this as a separate topic too….

      Thanks,

      Heather

    • #68202
      Anonymous
      Participant

      @jiminspain wrote:

      Whatever route you choose to take the minimum social security cost will be circa 240 euros a month, you will immediatly have medical cover, unemployment benefit after 12 months, and qualify for a Spanish pension after 15 years contributions.

      Just one point on the above – if you are self-employed or an employer here in Spain your social security contributions don’t usually entitle you to unemployment benefit.

    • #68002
      Anonymous
      Participant

      @jiminspain wrote:

      Whatever route you choose to take the minimum social security cost will be circa 240 euros a month, you will immediatly have medical cover, unemployment benefit after 12 months, and qualify for a Spanish pension after 15 years contributions.

      Just one point on the above – if you are self-employed or an employer here in Spain your social security contributions don’t usually entitle you to unemployment benefit.

    • #68226
      Anonymous
      Participant

      @heatherpsk wrote:

      Hi, Can you tell me more about these grants…am under 35 and female and thinking of setting up my own business, not yet sure what or how though!!
      Its either that or working in the same school as hubby….Thanks
      Heather

      Take a look here http://empleo.universia.es/contenidoshtml/emprendedores/ayudas_subvenciones/comunidades_autonomas.htm

      Also take a look at “Instituto de la Mujer”. They also do grants specifically for women looking to set up in business.

      The grants go on and offline depending on the time of year, so sometimes it is a case of getting yourself on their waiting list and then they will call you when the grant you want is available again.

      Not all grants are for women under 35, it just seems that there are a lot more if you happen to fit that profile.

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