Do you want to being self-employed in Spain? These are the advantages and disadvantages of becoming one

Starting your own business is a unique, yet intimidating experience. Nowadays, many people are considering the idea of becoming a freelancer and achieving business success from their business idea. However, like everything else, being a freelancer in Spain has its advantages and disadvantages. Do you want to know them? Then this article is for you.

Can we talk about advantages when it comes to being self-employed in Spain?

The answer is yes, there are advantages to being self-employed in Spain. The main advantage that we can mention, in fact, is to be able to enter, in an easier and more agile way, to the work environment that you like the most.

In addition to the fact that you will be able to undertake and carry out your dream job, we can also mention the fact of being your own boss. That is to say, making important decisions, defining the goals you hope to achieve with your venture, etc.

In addition, it will be easier for you to develop the right path for your business idea, eliminate unwanted pressure and get that team that you always wanted and that, above all, is the ideal one to lead your organization to success.

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5 advantages of being self-employed in Spain

As we told you, freelancing is a great alternative to grow as an entrepreneur and at the same time it will provide you with great and multiple benefits. That is why more and more people are joining this way of working.

If so many people choose to become self-employed, it is because there are many advantages that are worth taking advantage of. Here are some of them!

Greater time flexibility and better time management.

Being self-employed in Spain, or anywhere in the world, has the advantage of not having to comply with a fixed schedule, or be accountable to a boss who imposes you to comply with such schedule.

On the contrary, you will have all the freedom to organize your work and manage your time as you wish. That way, you will be able to decide how to spend it in order to perform the tasks that are right for you.

In addition, you can decide where you want to work and when you want to work. You will not be forced by someone else to go to an office, but you can choose whether you want to work from home, from a coworking or, if you want, from a coffee shop.

Greater benefits for you and your company

One of the biggest advantages of self-employment is that all the money you generate will go to you and your company. You won’t have to rely on any contract that tells you what to do with the money you earn, nor one that specifies what your monthly salary will be.

The best part? You can set the rates yourself and choose when to carry out the work. This way, it will be easier to get money, as long as your effort and dedication are constant.

Choosing the clients you want to work with

Another great advantage of being a freelancer in Spain, or in any other country, is not depending on a boss and working for yourself. This will give you the possibility to choose the jobs you want to do and the clients you want to work with. 

This will allow you to develop a professional career based on your goals and achievements. Also, you will be able to invest your time in projects that you consider worthwhile and that at the same time leave you with good earnings.

Obtaining the self-employed flat rate

It will always be easier to register as self-employed than to create a new company. Not to mention that you will save the costs and the rigorous procedures that the latter can generate. There is no cost to register and the procedures are quick and easy.

Currently, the payment of the self-employed social security contribution is discounted for the first two years, which makes it easier to start as a self-employed person.

Obtaining health care and unemployment benefits

As a self-employed person in Spain you will be entitled to unemployment, health care and the possibility to take sick leave. Of course, as long as you are able to pay such coverage to the Social Security.

Also, in case of illness, as a self-employed person in Spain, you will have the same rights to receive health care as employees. 

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Now, what are the disadvantages of being self-employed in Spain?

Being self-employed in Spain also has some disadvantages that can generate inconveniences and discourage workers from taking the step to become self-employed. Take a look, these are some of them:

Variable Salary 

For those who start the path of entrepreneurship, it is important to know that the salary is not fixed. This will depend on the work you can do and the number of clients you have at the beginning. 

What differentiates the self-employed from those who work for others, mainly, is that the self-employed have a secure salary. This is stipulated by their contract and it is known that at the end of the month they will receive an amount of money. The freelancer does not, this will always depend on the production, since he does not have a monthly amount insured.

Having to find your own customers

At the beginning of any venture there will always be difficulties to promote the product, to get the kind of customer you expect and to make the product known to your audience. 

To position any start-up company it is necessary to invest a lot of time and always start with small jobs. These will help you to make known what you are doing, how you are doing it and the results of what you are doing.

Once this first stage is over, the next step is to secure a place in the market for your business and continue offering the best service or product.

The high tax burden

Being self-employed in Spain implies a high tax burden and a higher tax burden. If you become self-employed, you will have to face and declare tax payments such as VAT or IRPF, which will directly affect the benefits you can receive.

The self-employed will also face corporate income tax, which is constant, unlike personal income tax, which is paid in tranches.

More responsibilities

As a freelancer in Spain you will have to take care of all areas of your business. You will not only be in charge of your field, but you will also have to take care of the administration and marketing of the company.

When you are immersed in different tasks, you will be forced to reduce the time of each one, so as not to neglect any of them. However, when you manage to establish your brand, the tasks become simpler and easier to manage.

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If you are thinking of carrying out your business idea as a freelancer in Spain, contact us through tasconsultoria@tas-sl.es and our professional advisors, committed to the success of your business, will support and guide you in every step you take. Being self-employed in Spain is now easier with our help, what are you waiting for? Don’t miss the opportunity to be successful.