In Spain as well as in France, you have to pay different organizations: the Social Security (dealing with all the health issues), unemployment insurance guarantee fund and professional training.
Here are the major social contributions rates.
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”. Read more
This number enables you to undertake economic and business activities in Spain and throughout Europe.
You are not obliged to include VAT on customer bills for a company which is established in the European Union, and conversely, they will not charge you if you are registered in the VAT register (VIDAS census). Read more
Lets list some of the main advantages of undertaking in Spain during the recession period.
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”.
Here are the different steps to set up a business in Spain.