An NIE Number (Número de Identificación de Extranjero) is a tax identification number to be used in Spain.
Both EU citizens and non-EU citizens get issued an NIE. It consists of an ‘X’ or ‘Y’ followed by 7 or 8 digits then another letter.
The NIE is not a fiscal residency identification; you can have a NIE and be fiscal resident in another country.
The NIE number is needed in order to file taxes, buy property, set up a business, open a bank account, and for almost all other forms you fill out. When forming a company, everyone who will be directors and shareholders of the company will need a NIE. This is the first step in forming a company or in buying a shelf company. Read more
All posts, Living in Spain
July 27, 2012
Who can be resident for tax purposes in Spain?
First, we must differentiate European and non-European citizens. Indeed, only European citizens may live in Spain and become aSpanish tax resident. People from other countries cannot live nor obtain the tax residence in Spain. What are the conditions to become Spanish tax resident? The Organization for Economic Cooperation and Development OECD considers 3 criterions to determine the tax residence of an individual.
All posts, Entrepreneurship, Management
July 23, 2012
Member of the European Union, Spain has become an advantageous location for global entrepreneurs: it offers a gate to Europa for American entrepreneurs on one hand and a gate to America for European businessmen on another hand.
July 18, 2012
The capital of the Spanish region Cataluña points out to be a dynamic business area: the number of entrepreneur starting up a business in Barcelona is constantly increasing.
The city indeed offers numerous assets for business purposes: Barcelona provides a high quality of life to entrepreneurs; it shows an economic dynamism and strong reaction toward the crisis and has a geographical and suitable economic environment for companies.
All posts, Spanish Taxation
July 5, 2012
The Value Added Tax (VAT) is a general consumption tax assessed on the value added to a good or service.
This tax affects the final price of the product or service and is payable by the final consumer. The tax is then paid by the consumer as part of the product price, collected by the selling company, and then refunded to the State. The VAT payment is different whether the trading exchange occurs within the European Union or between a member of the EU and a non-member State.
All posts, Human Resources
June 29, 2012
You are entrepreneur and you want to start up your business?
What about Spain? Let’s have a look at the Spanish business environment: labor force availability, telecommunication costs, access and transports quality, real estate prices, labor costs, ect. Read more
Creating a company in Spain may be long and complicated. Indeed, it is required to carry out many administrative tasks. In order to get an effective company, two or three weeks will be necessary and you will be required to come several times in Spain.
However, there is an alternative to obtain your company in less than 24 hours.
You can buy a ready-made company. They are company previously registered with a view to being sold. They have not registered any activity and are of course free of any debt. They are registered in the Spanish Companies Register with a generic name that you will be able to change.
You are running a business in Spain and your employees are tired and want to know when will be on holidays ?
Lets consider now the Spanish holidays and days off. They may be important when establishing your annual planning.
Here are the official days off and holidays period for 2012.
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.
All posts, Human Resources
June 19, 2012
If you want to set up your own business in Spain, here are some characteristics of the Spanish working conditions you should know.
What you need to know about working time, holidays and days off, legal age, working cost, and welfare system in Spain. Read more