In order to start a business in Mallorca, you must first have the right to live and work in Spain. Meeting with an accountant in Palma will make the process easier if you are planning to start a business in Mallorca.
EU CITIZENS
If you’re an EU citizen, the principle of free movement automatically gives you this right. You will need to obtain your (NIE). The NIE is the identification number in Spain for everyone who is not a Spanish citizen. It is the counterpart to a DNI for Spanish citizens. You need a NIE to pay your taxes and another official process, including renting or buying property, getting connected to utilities or opening a bank account.
NON EU CITIZEN
If you want to start a business in Mallorca being non-eu citizen, you have to apply for a Spanish work visa in the Spanish embassy. You’ll have to provide certain documents, which may include the following:
• A business plan
• Evidence that you have the appropriate finances to invest in it or support
yourself;
• Proof that you have the skills or experience to do the work;
• Any contracts or commissions from companies;
• Any licences or registrations required to carry out the work in Spain;
• Information about the potential to create employment in Spain.
Once approved you have to apply for an N.I.E and proceed as an EU citizen. You’ll have to renew your work permit and prove you still fulfill all these conditions every year. After five years you can apply for long-term Spanish resident status.
Regulated professions and businesses in Mallorca.
Certain professions and types of business are regulated in Mallorca. You have to keep this in mind and make sure you comply with the applicable rules before you can start trading in Mallorca.
In order to start a business in Mallorca, you must first have the right to live and work in Spain. Meeting with an accountant in Palma will make the process easier if you are planning to start a business in Mallorca.
EU CITIZENS
If you’re an EU citizen, the principle of free movement automatically gives you this right. You will need to obtain your (NIE). The NIE is the identification number in Spain for everyone who is not a Spanish citizen. It is the counterpart to a DNI for Spanish citizens. You need a NIE to pay your taxes and another official process, including renting or buying property, getting connected to utilities or opening a bank account.
NON EU CITIZEN
If you want to start a business in Mallorca being non-eu citizen, you have to apply for a Spanish work visa in the Spanish embassy. You’ll have to provide certain documents, which may include the following:
• A business plan
• Evidence that you have the appropriate finances to invest in it or support
yourself;
• Proof that you have the skills or experience to do the work;
• Any contracts or commissions from companies;
• Any licences or registrations required to carry out the work in Spain;
• Information about the potential to create employment in Spain.
Once approved you have to apply for an N.I.E and proceed as an EU citizen. You’ll have to renew your work permit and prove you still fulfill all these conditions every year. After five years you can apply for long-term Spanish resident status.
Regulated professions and businesses in Mallorca.
Certain professions and types of business are regulated in Mallorca. You have to keep this in mind and make sure you comply with the applicable rules before you can start trading in Mallorca.
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.
