How to set up a business in Palma de Mallorca
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, commonly referred to as autónomos, find this to be the simplest way to start a business. The registration process requires completing the necessary paperwork with both the Spanish tax authority and Social Security. Specifically, you will need to fill out Modelo 036 or 037, known as the declaración censal. Once your business is registered with the tax authorities, you have 30 days to notify the Spanish Social Security office about your new self-employed status in Mallorca.
Limited Companies in Palma de Mallorca
The most common type of limited company in Spain is the sociedad limitada (S.L.), which offers its owners protection from personal liability in case of bankruptcy, along with other tax benefits.
To establish a limited company in Palma de Mallorca, you must draft and notarize the articles of incorporation and ensure a minimum initial investment of €3,000. Additionally, you need to register the company with the Business Register (Registro Mercantil). After this, you must obtain a Tax Identification Number and register the company to pay the Economic Activities Tax (Impuesto de Actividades Económicas). If you intend to hire employees, registering with Social Security (Seguridad Social) will also be necessary.
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.
How to set up a business in Palma de Mallorca
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, commonly referred to as autónomos, find this to be the simplest way to start a business. The registration process requires completing the necessary paperwork with both the Spanish tax authority and Social Security. Specifically, you will need to fill out Modelo 036 or 037, known as the declaración censal. Once your business is registered with the tax authorities, you have 30 days to notify the Spanish Social Security office about your new self-employed status in Mallorca.
Limited Companies in Palma de Mallorca
The most common type of limited company in Spain is the sociedad limitada (S.L.), which offers its owners protection from personal liability in case of bankruptcy, along with other tax benefits.
To establish a limited company in Palma de Mallorca, you must draft and notarize the articles of incorporation and ensure a minimum initial investment of €3,000. Additionally, you need to register the company with the Business Register (Registro Mercantil). After this, you must obtain a Tax Identification Number and register the company to pay the Economic Activities Tax (Impuesto de Actividades Económicas). If you intend to hire employees, registering with Social Security (Seguridad Social) will also be necessary.
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.
