{"id":4990,"date":"2021-05-25T00:58:26","date_gmt":"2021-05-25T00:58:26","guid":{"rendered":"https:\/\/emprendix.com\/?p=4990"},"modified":"2025-05-12T14:17:11","modified_gmt":"2025-05-12T14:17:11","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=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" 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\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><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\/set-up-your-business-in-mallorca\/\"><img decoding=\"async\" class=\"lazyload alignright wp-image-62640 size-fusion-400\" src=\"https:\/\/emprendix.com\/wp-content\/uploads\/2025\/03\/set-up-a-business-in-palma-de-mallorca-ad-2-400x313.webp\" data-orig-src=\"https:\/\/emprendix.com\/wp-content\/uploads\/2025\/03\/set-up-a-business-in-palma-de-mallorca-ad-2-400x313.webp\" alt=\"\" width=\"400\" height=\"313\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27400%27%20height%3D%27313%27%20viewBox%3D%270%200%20400%20313%27%3E%3Crect%20width%3D%27400%27%20height%3D%27313%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/emprendix.com\/wp-content\/uploads\/2025\/03\/set-up-a-business-in-palma-de-mallorca-ad-2-200x156.webp 200w, https:\/\/emprendix.com\/wp-content\/uploads\/2025\/03\/set-up-a-business-in-palma-de-mallorca-ad-2-300x235.webp 300w, https:\/\/emprendix.com\/wp-content\/uploads\/2025\/03\/set-up-a-business-in-palma-de-mallorca-ad-2-400x313.webp 400w, https:\/\/emprendix.com\/wp-content\/uploads\/2025\/03\/set-up-a-business-in-palma-de-mallorca-ad-2.webp 600w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/a>Self-employed workers in Palma de Mallorca<\/h2>\n<p>Self-employed workers in Spain, commonly referred to as <em>aut\u00f3nomos<\/em>, 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 <em>declaraci\u00f3n censal<\/em>. 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.<\/p>\n<h2 id=\"limited-companies-in-palma-de-mallorca\">Limited Companies in Palma de Mallorca<\/h2>\n<p>The most common type of limited company in Spain is the <em>sociedad limitada<\/em> (S.L.), which offers its owners protection from personal liability in case of bankruptcy, along with other tax benefits.<\/p>\n<p>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 \u20ac3,000. Additionally, you need to register the company with the Business Register (<em>Registro Mercantil<\/em>). After this, you must obtain a Tax Identification Number and register the company to pay the Economic Activities Tax (<em>Impuesto de Actividades Econ\u00f3micas<\/em>). If you intend to hire employees, registering with Social Security (<em>Seguridad Social<\/em>) will also be necessary.<\/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><\/div><\/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 v24.9 - 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\" 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