Currently, many people are thinking about starting a business, making money and not depending on anyone. Business in Spain may seem a pipe dream at first glance, but this is a false statement. Own business abroad, including in this European country, is a reality, and hundreds of our compatriots have proved it. Of course, there are certain difficulties that patience and diligence will help overcome. The main thing is to have a desire, entrepreneurial acumen and a small starting capital.
Why Spain
Many, seeing the title of the article, will ask this question. In fact, Russians conduct successful business in many countries, including France, Italy, Germany, etc. Spain is attractive for its climate and loyal attitude to foreign capital. In addition, laws are sacred there, so no one will stop you from starting your own business and developing, unless, of course, this contradicts the rules.
Also, opening a business in Spain is characterized by the following features:
- you can start your own business without resident status (this is a person who has registered and lived in the country for at least six months);
- opening a business in Spain is quite simple, there are no problems with registration;
- if a person has his own business in the country, he can obtain a residence permit, which seeks a huge number of people;
- Spain’s economy currently needs new goods and services, so there is a high probability that the business will succeed.
Where to begin?
To begin with, before chopping off the shoulder, you need to carefully consider everything. Oddly enough, there is no need to rush anywhere, because it is easy to “burn yourself” and lose the invested funds. People who know the language, it will not be difficult to deal with all the necessary documents. Others will certainly turn to specialists. This is the first thing to decide: to solve bureaucratic problems yourself or let professionals do it.
The second question: “What kind of business should I open in Spain?” Here it is already necessary to put all our strength into establishing demand in the country. Much depends on the locality where the entrepreneur will open a business. It is worth noting one feature: in Spain there are no premises with a huge area. There were times when a person had already chosen an idea, purchased equipment, documented his business, and couldn’t simply find the right room.
Therefore, you should go there, analyze all the points, "probe the soil" and only then open a business in Spain.
Organizational form
Having decided on the scope of activity, you need to choose an organizational form. In Spain, the most common is Sociedad Limitada, or S. L. If you draw a parallel with Russia, then it is similar in structure to LLC or ZAO. This legal form of organization has at least two owners. In most cases, this is a husband and wife. Sometimes there are alliances of friends and business partners.
Company shares are distributed in two ways: in proportional shares or equally. In fact, in this country there are quite a few organizational forms, each of which deserves special attention. But if you are not familiar with the laws of Spain, it is better to choose S. L.
Registered capital
To open a business in Spain, you must have a registered capital. There is no point in talking about a business plan, since it should be ready after the first stage, the choice of the field of activity.All experienced entrepreneurs understand that planning is critical to achieving the organization’s strategic goals.
Now back to the registered capital. The legal form of S. L. requires that it be at least 3,100 euros and not more than 10,000,000 euros. This amount of money must be present at the time of registration of the company. The selected amount of funds must be deposited to the company’s account, and then spend already on its needs. What to do next with capital is decided solely by the owner. The main thing is to deposit money into the account.
Alien Identification Number (NIE)
Any foreigner, and it doesn’t matter at all which country he has arrived from, should get this number. To open a business, this procedure is mandatory. Those who decide to tinker with documents on their own should contact the appropriate authority to issue an identification number.
People who have entrusted the authorities to go to instances will receive this document within 10 days. The fact is that it is not difficult to get it, but when applying, it is necessary to provide a basis. In our case, it will be the opening of our own business and registration S. L.
Bank account
Doing business in Spain is almost impossible without a bank account. If you open S. L. with a capital of 3,100 euros, then it is not necessary to immediately register an account. However, sooner or later it will have to be done. If you have a foreigner identification number in your hands, any bank will be glad to see you among its customers.
To open an account, you will need a contract for work or a certificate of income in Russian and Spanish. This document must be certified by an official translator. It is not recommended to do this in Russia, as in any case it will have to be repeated in Spain. After that, an account is opened, a book, details and a PIN code are issued.
Experienced entrepreneurs are advised to register this account with the tax office and inform the Russian bank of all the details. This will facilitate the transfer of funds and will reduce potential losses.
Name selection
After completing all of the above procedures, you must select the name of the organization. Small business in Spain is represented by a small number of enterprises, so many names are free. In order to receive the form for filling in the data, you must contact the Trade Register. There they will issue it to you and indicate the address to which the application should be sent.
In the form in the appropriate columns it is necessary to indicate the desired name of the organization, as well as two other names in case the first is occupied. The letter is sent to the capital of Spain, and in a few weeks the answer comes. It contains an authorized and free name, as well as a certificate confirming the assignment to a particular person. It must be remembered that about 3 months are given to complete the process of starting a business in Spain, then the name goes into free status.
Administrator Search
Business in Spain requires an owner and administrator. In the first case, everything is clear, it can be anyone. But the administrator should only be a Spaniard or a person officially registered in the country. This issue should be taken seriously, as this person will actually lead the organization.
Of course, you can put a person in the position so that there are no problems with the law, but in fact personally manage the enterprise. In some cases, this is a pretty good solution. No one will put on the position of manager of the first person they meet because of a Spanish passport. There were times when the administrator hung a bunch of debts on the company and hid in an unknown direction. Of course, in the end he will be punished, but no one needs extra proceedings.
Required documents
So, after the Trade Register has sent an answer, it is time to start a business in Spain.To do this, open a bank account in the name of the company and make the registered capital. The main thing is not to forget to take a certificate confirming the presence of a certain amount on a specific account. A few words about the documents should be said.
Despite the fact that Spain is considered a rather hospitable country, the government wants to know what kind of people come to open a business. First of all, she wants to understand whether entrepreneurs can repay debts related to their own business. Therefore, people traveling to this country to do business should take with them income statements, tax returns, etc. The entrepreneur must prove his solvency, and then opening a business will not be difficult.
Last step
After all the actions are completed, the finish line will remain - notaries. They enter into business and begin to register all the necessary documents. To begin with, the company will be registered, then its statutory provisions will be established shares between the founders, rights and obligations. In addition, the possible areas of activity and work that the company plans to carry out will be described.
As soon as the notaries complete their business, you need to issue the appropriate certificates related to the specifics of the company. It is worth noting that the presence of an organization as such does not exempt from the need to obtain licenses or permits for the activities of the enterprise.
What business to do in Spain?
This country is one of the economically developed countries, and therefore all kinds of niches for their own business have long been occupied here. However, this does not mean that business in Spain cannot be opened. The country has created all the conditions in order to engage in entrepreneurial activity. People who have small shops make good money. And yet, what is the most popular business in Spain?
The following activities are distinguished:
- The property. In principle, the essence of conducting such a business is identical with the Russian system, you only need to invest wisely. To do this, study the market and wait for the right moment.
- Recruiting agency. In Spain, oddly enough, hired workers from Russia are very popular. Therefore, a businessman who has opened such an organization that will recruit staff in Russia will quickly pay off all investments and start making good money.
- Hotel. This niche, of course, is busy, and there are lots of offers on the market. But, despite this, the hotel business in Spain is gaining momentum. Due to the increase in the number of tourists visiting this country every year, new hotels will not hurt.
- Gambling business. Currently, this type of entrepreneurship is allowed in Spain. It makes no sense to say that this is a very profitable investment that pays off in the shortest possible time. You can open a casino or a slot machine club on the coast.
- Cars. This type of activity will always be in demand. You can buy a ready-made business in Spain related to cars (rental, washing, repair), or open something of your own. Having opted for this niche, you will surely not be mistaken and, if you make every effort and effort, you will become a successful entrepreneur.