If you want to set up a company in Mallorca, you should first be aware of the different possibilities and choose the best for you. As accountants in Palma we can help you every step of the way setting up your business in Spain.
- Register as self-employed worker in Palma de Mallorca.
- Set up a limited company in Palma de Mallorca.
Self-employed workers in Palma de Mallorca
Self-employed workers in Spain are commonly known as autónomos. It is the easiest way to start a business in Spain. The registration process has to be made with the Spanish tax authority and the Social Security in Spain. You will be asked to complete Modelo 036 or 037, known as the declaración censal. After registering your business with the tax authorities, you have 30 days to contact the Spanish social security authority to inform them you have become self-employed in Mallorca.
Limited companies in Palma de Mallorca
The commonest form of limited company in Spain is known as sociedad limitada or S.L. It protects the owner or owners from personal liability in the event of bankruptcy and It has other tax advantages.
To set up a limited company in Palma de Mallorca, you will need to draft and notarize articles of incorporation and have a minimum available investment of €3,000. You will also need to register it in the Business Register (Registro Mercantil). After it you will have to request the Tax Identification Number and register it to pay economic activities tax (Impuesto de Actividades Económicas). If you plan to hire workers you will have to register with Social Security (Seguridad Social).
Remember that you will need to get a NIE to start a business in Spain
The NIE is a number that defines an expat as living and working in Spain. You will need it for everything that involves a tramite or official process in Spain.
If you want to set up a company in Mallorca, you should first be aware of the different possibilities and choose the best for you. As accountants in Palma we can help you every step of the way setting up your business in Spain.
- Register as self-employed worker in Palma de Mallorca.
- Set up a limited company in Palma de Mallorca.
Self-employed workers in Palma de Mallorca
Self-employed workers in Spain are commonly known as autónomos. It is the easiest way to start a business in Spain. The registration process has to be made with the Spanish tax authority and the Social Security in Spain. You will be asked to complete Modelo 036 or 037, known as the declaración censal. After registering your business with the tax authorities, you have 30 days to contact the Spanish social security authority to inform them you have become self-employed in Mallorca.
Limited companies in Palma de Mallorca
The commonest form of limited company in Spain is known as sociedad limitada or S.L. It protects the owner or owners from personal liability in the event of bankruptcy and It has other tax advantages.
To set up a limited company in Palma de Mallorca, you will need to draft and notarize articles of incorporation and have a minimum available investment of €3,000. You will also need to register it in the Business Register (Registro Mercantil). After it you will have to request the Tax Identification Number and register it to pay economic activities tax (Impuesto de Actividades Económicas). If you plan to hire workers you will have to register with Social Security (Seguridad Social).
Remember that you will need to get a NIE to start a business in Spain
The NIE is a number that defines an expat as living and working in Spain. You will need it for everything that involves a tramite or official process in Spain.
Gestoría en Palma de Mallorca.
Si buscas una gestoría cerca de ti, asesoramos a empresas en el ámbito laboral, fiscal y contable. También somos una gestoría administrativa en Palma y realizamos traspasos de vehículos.
