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 →
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.
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.
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.
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.
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.