Company creation process
If you want to set up your company in Spain, you may need to find commercial premises for your company in order to develop your activity.
In Spain, the leases related to commercial premises have some specific characteristics:
In the commercial lease, a landlord (the Lessor) rent premises to a tenant (the Lessee) for a professional occupation. Since january 1995, the commercial lease is governed by the Ley de Arrendamientos Urbanos.
When starting up a business in Spain, you will be confronted to several specific Spanish words. This article will enlighten you about those, giving you a definition and the French equivalent.
NIE (Número de Identificación de Extranjeros)
The NIE is the identification number attributed to every foreigner living in Spain. Recent Spanish legislation makes it compulsory for anyone selling or buying property, opening a bank account or creating a company in Spain to have a NIE. Everyone can get this NIE, whether European or not. It is composed of 8 or 9 characters and starts with an “X” or a “Y”.… Continue reading
It is a fact, the word crisis uses to bring essentially pejorative ideas to our mind. But, we must instead consider the current crisis as a real opportunity for new-born entrepreneurs.
Lets list some of the main advantages of undertaking in Spain during the recession period.
- The main point is the lack of job opportunities. Since a crisis often generates an increase of the unemployment rate, there are a lot of available young or experienced workers over the market. A company may as a consequence be able to have a large choice when recruiting and so recrute high-skilled workers for lower cost. In Spain, the minimum wage is for example twice lower than the French SMIC.
In Spain, starting up a business is now very simple. Indeed, in recent years, the government has simplified the process. When using the services of an accounting firm, the creation of your company can be effective within less than 24 hours with the “Rapido Pack” or 8 days with the “Personalized pack”.