Prikhodko&Partners
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International corporate law
Business Setup and Support in Spain ACCOUNTING SUPPORT FOR BUSINESS (COMPANY) IN SPAIN

Taras Miroshnychenko

Head of International Corporate Law and Fintech Practice

E-mail

miroshnychenko@prikhodko.com.ua

Phone numbers

Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.

ACCOUNTING SUPPORT FOR BUSINESS (COMPANY) IN SPAIN

After obtaining a long-term investor visa or residence permit and living in Spain for more than one year, you automatically become a tax resident. This puts a number of new obligations on you, namely to submit a tax return and pay income tax every year.

Accounting outsourcing of companies in Spain is the best option for business owners in Spain to provide a range of accounting and reporting services.

Accounting support for activities in Spain

Most Spanish companies use the services of external accountants.

An accounting firm in Spain, what are the advantages of working with it? External accounting service in Spain has one very important advantage. Such an accounting company can guarantee, in the case of failure to submit reports or calculate payments, payment at its own expense of all fines issued by the controlling body.

A Ukrainian-speaking or Russian-speaking accountant in Spain, in particular in Barcelona, Madrid, Valencia, Silvia, Malaga, and other cities, is our advantage over other accounting companies.

Consulting on accounting in Spain in Ukrainian or Russian will simplify the understanding between you and the accountant, and make it more accessible for you to understand Spanish legislation in the field of accounting and taxes.

Accounting in Spain

In Spain, a lot of attention is paid to the control of company accounting and taxes. Spain’s tax collection system ranks eighth in the world according to the Paying Taxes 2019 report. Therefore, it is very important for an accountant in Spain to keep accounting and tax records correctly and in a timely manner and to submit accounting and tax reports in due time. Accounting must be kept by all physical and legal entities. persons engaged in economic activity in Spanish territory.

Comprehensive accounting support includes:

Registration of organizations with tax and social authorities
Registration with the Spanish Chamber of Commerce
Personnel accounting
Primary accounting
Tax audit
Preparation and submission of declarations
Comprehensive management of the company’s financial and tax reporting
Comprehensive accounting services for legal entities
Accounting of Individual Entrepreneurs
Analysis of the company’s financial and economic activity and risk assessment
Consulting on taxation and optimization

In more detail, we provide accountant services in Spain, in particular:

Accountant in Barcelona
Accountant in Madrid
Accountant in Valencia
Accountant in Silvia
Accountant in Malaga

Accounting services in Spain are one of the main areas of activity of YK Prykhodko and partners, we clearly understand how Polish legislation works, and we will help you choose the optimal tax system for your business, legal optimization mechanisms, etc.

Can a non-resident register a company in Spain?

Yes. A foreigner may be a founder and administrator of a Spanish SL. Identification documents must be prepared, the required Spanish tax or personal identification numbers obtained, and notarial, corporate and banking checks completed.

Can an SL be opened remotely?

In many cases, the main part of the procedure can be completed through a representative acting under a notarised power of attorney. However, the procedure for obtaining an NIE, executing the power of attorney, bank identification and signing documents depends on citizenship, structure and the requirements of the particular institutions.

Is an NIE mandatory?

A foreign individual who participates in notarial incorporation, becomes a shareholder or administrator of the company usually requires an NIE. For foreign legal entities, a Spanish tax identification number is obtained and a separate package of corporate documents is prepared.

What is the current minimum share capital for an LLC (SL)?

The “Crea y Crece” law allows a company (SL) to be registered with share capital from €1. However, the company will be required to allocate 20% of its annual profit to the legal reserve until the combined amount of share capital and reserve reaches €3,000.

Can every startup pay 15% for four years?

No. The extended regime for empresas emergentes requires ENISA certification and compliance with requirements concerning innovation, scalability, age, turnover, structure and presence in Spain. Without such certification, the general rules for newly established companies apply.

Successful cases on the topic: