{"id":5000,"date":"2021-05-25T01:22:46","date_gmt":"2021-05-25T01:22:46","guid":{"rendered":"https:\/\/emprendix.com\/?p=5000"},"modified":"2025-02-17T21:12:44","modified_gmt":"2025-02-17T21:12:44","slug":"requirements-to-start-a-business-in-mallorca","status":"publish","type":"post","link":"https:\/\/emprendix.com\/en\/requirements-to-start-a-business-in-mallorca\/","title":{"rendered":"Requirements to Start a business in Mallorca"},"content":{"rendered":"
To establish a business in Mallorca, you must first ensure that you have the legal right to live and work in Spain. Consulting with an\u00a0accountant in Palma<\/a> can simplify the process and help you navigate the necessary requirements. If you are an EU citizen, the principle of free movement grants you the right to live and work in Spain. However, you will need to obtain your **N\u00famero de Identificaci\u00f3n de Extranjero (NIE)**. This identification number is essential for non-Spanish citizens and serves as the equivalent of a **DNI** for Spanish nationals. Having a **NIE** is crucial for paying taxes and completing various official processes, such as renting or purchasing property, setting up utilities, or opening a bank account.<\/p>\n 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\u2019ll have to provide certain documents, which may include the following: 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.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":" Requirements for Starting a Business as an expat in Palma de Mallorca. All you need to know!<\/p>\n","protected":false},"author":1,"featured_media":5001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-5000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-set-up"],"yoast_head":"\n<\/a><\/p>\n
EU CITIZENS<\/h2>\n
NON EU CITIZEN<\/h2>\n
\n\u2022 A business plan
\n\u2022 Evidence that you have the appropriate finances to invest in it or support
\nyourself;
\n\u2022 Proof that you have the skills or experience to do the work;
\n\u2022 Any contracts or commissions from companies;
\n\u2022 Any licences or registrations required to carry out the work in Spain;
\n\u2022 Information about the potential to create employment in Spain.
\nOnce approved you have to apply for an N.I.E and proceed as an EU citizen. You\u2019ll 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.<\/p>\nRegulated professions and businesses in Mallorca.<\/h2>\n