There are so many reasons to start a business in Spain and if you’re moving to the country you may be totally new to what it entails. This article is designed to help with some of the basics of starting a business and being self employed within the country.
A lot of folks who are new to Spain and its distinct legal and business practices can quite easily become mistaken regarding the precise differences between the legalities of the businesses in the country, and both principal company types: the S.L. and the S.A. The convenience of either can alter according to your own personal situation, the nature of your customers and your longer term vision for business.
In practice, the S.A. (Public Limited Company) and the S.L. (Private Liability Company) are quite similar although there are specific cases where the management demands for an S.L. are less stringent, but these are big business structures and you can operate as a normal self-employed individual in Spain and file your own taxes without having a big business structure. The entrepreneurial spirit is alive and well in Spain.
If you’re moving from abroad you may want to start businesses such as hotels, souvenir shops or other tourist industries or your interests may be in other areas such as construction.
Depending on the area where you’re based, it is important to keep your finger on the pulse, if you’re a Javea based business, you should connect with javea businesses to stay on top of what is happening in the area and find new opportunities. Local community is big in Spain whichever region you set up your company.