SPAIN

BUSINESS REGISTRATION AND SUPPORT IN SPAIN

Immigration to Spain is possible through opening a business. Spanish legislation provides for a large selection of organizational and legal forms for conducting business. The most popular are: sole proprietorship, limited liability company, and JSC. each of which has its own characteristics.

Importantly! The only additional step is to obtain a foreign national identification number (NIE), which is both a personal and tax identification number.

Organizational and legal forms in Spain:

• Limited Liability Company (SL)
• Public Limited Liability Company (SA)
• New Limited Liability Company (SLNE)
• Individual entrepreneur and partnerships
• Joint Stock Company

Advantages of choosing Spain for business immigration:

• Possibility to obtain a visa for you and your family on flight conditions, and after 6 years – to obtain citizenship;
• The country occupies the 30th position in the rating for ease of doing business among 190 countries of the World Bank;
• Lending of the enterprise by banks of the European Union;
• Developed tourist market;
• Receiving tax benefits and incentives from the state;
• The owner of the company is not obliged to live in Spain, to extend the period of residence permit it is enough to stay in the country for only 1 day;
• Existing agreements on avoidance of double taxation.

The downside is that the process of business immigration to Spain is complicated and long. It will take about six months to complete the documents

In which areas is it profitable to open a business in Spain:

• tourism
• construction and real estate;
• automobile industry;
• IT services;
• Agriculture.

Business immigration to Spain is gaining momentum and obtaining a residence permit by entrepreneurs for a specific business will compete with obtaining a residence permit based on real estate ownership.

Conclusion

Business registration in Spain gives you the following advantages:

• The country has good logistics and infrastructure that can contribute to the success of your business project.
• The presence of a residence permit gives the possibility of free stay in Schengen.
• The Spanish market is quite large and diverse, which allows the use of different business models.
• Growing economy and protection of foreign investments

Where to start emigrating to Spain, how to choose a method for obtaining a residence permit: investing in real estate or opening a business, what organizational and legal form to choose – these are questions to which the specialists of Prykhodko and Partners LLC know the answers clearly. For 5 years, our company has been accompanying international companies, including those located on the territory of Spain.