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Non-Residents Taxation in Spain

Non-Residents Taxation in Spain

Tax-iStock_000015074734Large1Taxation : who is considered as a Spanish non-resident?

In order to determine the tax residence of an individual or company, several factors must be evaluated. I encourage you to read this article dealing with the tax residence. You will find in this article some interesting information. If you do not match with these terms, then you are a Spanish tax non-resident.

Do non-residents have to pay taxes in Spain?

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Real Estate in Spain: it is time to invest!

Real Estate in Spain: it is time to invest!

Realestate-8Spanish Real Estate prices have collapsed since 2008 as a result of the burst of the Real Estate bubble.

Spain is currently experiencing a Real Estate crisis unprecedented. After having more than doubled during the first years of 21st century,

Since 2008, prices have already decreased by 15% in Barcelona, 22% in Andalusia and 25% in Baleares and Canarias. According to specialists, the top decrease occurs in the Mediterranean costs area, such as the Costa del Sol, where prices have collapsed by 35%.

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VAT rates in Spain

VAT rates in Spain

VAT rates in SpainUnder the pressure of the European Union and the International Monetary Funds, VAT rates in Spain are to be increased from 1st September 2012.

In Spain, the Value Added Tax, more commonly known as VAT, is charged directly to the consumer when purchasing new product. There are three different rates of VAT in Spain: the standard rate, reduced rate and super-reduced rate.

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business plan when starting up a businss

Business Plan

business plan when starting up a businssA business plan is a written description of your business’ future. It sets the direction for your business and keeps you on track once you’re up and running.

It may also be a requirement when seeking finance.
Your plan should reflect the current reality of your business, the environment in which it operates, and your present and future goals.

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Spain, among business and pleasure

Enjoying a paella with your business colleagues, having a walk on the seaside or working in high-quality premises: make the most of your business life in Spain !

Feel free to share your Spanish business experiences with us !

nie-spain-identification-number

NIE: Spanish Foreigner Number of Identification

nie-spain-identification-numberAn 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.

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resident for tax purposes in spain

Becoming resident for tax purposes in Spain? How and why?

taxation-residence-spainWho 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.

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spain, latin america: gate for business and trade

Spain, strategic location for international trade

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.

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create a company in Spain

Barcelona, European Economical Center

Barcelone-centre-économique-européenThe 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.

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European VAT number, what is this and how does it work?

European VAT number, what is this and how does it work?

european-vat-numberThe 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.

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