{"id":4990,"date":"2021-05-25T00:58:26","date_gmt":"2021-05-25T00:58:26","guid":{"rendered":"https:\/\/emprendix.com\/?p=4990"},"modified":"2022-01-14T12:29:01","modified_gmt":"2022-01-14T12:29:01","slug":"how-to-set-up-a-business-in-palma-de-mallorca","status":"publish","type":"post","link":"https:\/\/emprendix.com\/en\/how-to-set-up-a-business-in-palma-de-mallorca\/","title":{"rendered":"How to set up a business in Palma de Mallorca"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e8ebef;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1310.4px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\" style=\"transform:translate3d(0,0,0);\"><p>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\u00a0<a href=\"https:\/\/emprendix.com\/en\/\">accountants in Palma<\/a> we can help you every step of the way setting up your business in Spain.<\/p>\n<ul>\n<li><a href=\"https:\/\/emprendix.com\/en\/project-view\/register-as-a-self-employed-in-palma\/\">Register as self-employed worker in Palma de Mallorca.<\/a><\/li>\n<li><a href=\"https:\/\/emprendix.com\/en\/project-view\/set-up-a-limited-company-in-mallorca\/\">Set up a limited company in Palma de Mallorca.<\/a><\/li>\n<\/ul>\n<h2 id=\"self-employed-workers-in-palma-de-mallorca\"><a href=\"https:\/\/emprendix.com\/en\/project-view\/register-as-a-self-employed-in-palma\/\"><img decoding=\"async\" class=\"lazyload size-full wp-image-5665 alignright\" src=\"https:\/\/emprendix.com\/wp-content\/uploads\/2021\/05\/ACCOUNTANT-IN-MALLORCA-SET-UP-BUSINESS.jpg\" data-orig-src=\"https:\/\/emprendix.com\/wp-content\/uploads\/2021\/05\/ACCOUNTANT-IN-MALLORCA-SET-UP-BUSINESS.jpg\" alt=\"\" width=\"600\" height=\"469\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27600%27%20height%3D%27469%27%20viewBox%3D%270%200%20600%20469%27%3E%3Crect%20width%3D%27600%27%20height%3D%273469%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/emprendix.com\/wp-content\/uploads\/2021\/05\/ACCOUNTANT-IN-MALLORCA-SET-UP-BUSINESS-200x156.jpg 200w, https:\/\/emprendix.com\/wp-content\/uploads\/2021\/05\/ACCOUNTANT-IN-MALLORCA-SET-UP-BUSINESS-300x235.jpg 300w, https:\/\/emprendix.com\/wp-content\/uploads\/2021\/05\/ACCOUNTANT-IN-MALLORCA-SET-UP-BUSINESS-400x313.jpg 400w, https:\/\/emprendix.com\/wp-content\/uploads\/2021\/05\/ACCOUNTANT-IN-MALLORCA-SET-UP-BUSINESS.jpg 600w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a>Self-employed workers in Palma de Mallorca<\/h2>\n<p>Self-employed workers in Spain are commonly known as\u00a0<em>aut\u00f3nomos<\/em>. 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 declaraci\u00f3n 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.<\/p>\n<h2 id=\"limited-companies-in-palma-de-mallorca\">Limited companies in Palma de Mallorca<\/h2>\n<p>The commonest form of limited company in Spain is known as\u00a0<em>sociedad limitada<\/em>\u00a0or S.L. It protects the owner or owners from personal liability in the event of bankruptcy and It has other tax advantages.<br \/>\nTo 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 \u20ac3,000. 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 Econ\u00f3micas). If you plan to hire workers you will have to register with Social Security (Seguridad Social).<\/p>\n<h2 id=\"remember-that-you-will-need-to-get-a-nie-to-start-a-business-in-spain\">Remember that you will need to get a NIE to start a business in Spain<\/h2>\n<p>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.<\/p>\n<\/div><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:100% !important;margin-top : 0px;margin-bottom : 0px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1200px) {.fusion-body .fusion-builder-column-0{width:100% !important;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alternatives to Spanish company formation for resident and non-resident individuals.<\/p>\n","protected":false},"author":1,"featured_media":4993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-4990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-set-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to set up a business in Palma de Mallorca<\/title>\n<meta name=\"description\" content=\"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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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