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Tax laws in Spain
In this article you can read about the most important tax laws in Spain and learn which of them regulate direct (directos) and indirect (indirectos) taxes.
Wealth tax in Spain
Wealth tax in Spain (El Impuesto sobre el Patrimonio) was eliminated in 2008, but in 2011 it was introduced again and has been in effect ever since. It is worth mentioning that in 2016 absolutely all payers of this tax received 100% benefits. Liabilities on the submission of tax returns were not abolished; however, the citizens were fully exempt from paying wealth tax in Spain.
Characteristics of business etiquette in Spain
Following the proper business etiquette in Spain is an important condition for conducting business successfully in the country and guaranteeing a positive outcome for business negotiations. Even though many business environment rules are universal, business etiquette in Spain has some distinctive features of which one should be aware.
Business visa to Spain
Not only is Spain one of the most popular tourist destinations in the world, but it is also constantly developing as a business center. Accordingly, the level of business activity in such cities as Madrid and Barcelona displays enormous rates of growth every year. To obtain a business visa to Spain successfully, it is important to prepare the necessary documents in advance and to be properly informed about procedures for document preparation.
Opening a bank account in Spain
The procedure of opening a bank account in Spain has two distinctive features. If you are a resident of the country—that is, if you have a residence permit—this procedure will not take more than 15 minutes and you will need to present only minimal documentation. If you are not a holder of a residence permit—that is, you are not an official resident—opening a bank account in Spain will require some special preparation.
Spanish vacations
Brunch in Barcelona
Places you can visit for free in Barcelona
Beaches of Barcelona
NIE certificate in Spain
What is an NIE? When is it necessary to have it, and how can a foreigner obtain one? These questions are among those most frequently asked by foreigners who hope to carry out certain economic activities in Spain or who hope to move to Spain as permanent residents.
What is a foreign identification number
Most people who have considered moving to Spain at least once in a lifetime have encountered the abbreviation, NIE. What does NIE stand for? In English, the phrase translates to Foreign Identification Number, a number issued in Spain as a means of identification for foreign citizens who come to Spain to live permanently, study, or run a business.
How to get an NIE in Spain
According to Spanish legislation, if you decide to purchase real estate or a car, register a business, or carry out another financial operation, then you must get an NIE (Número de Identificación de Extranjero: Foreigner Identification Number). The NIE is a combination of 2 letters and 7 digits used to identify a foreign citizen living in Spain.
Company formation in Spain
Current Spanish legislation allows for the creation of different business entities within the country, wherein the founding members may be either residents or non-residents of the country. The process of forming a company in Spain is rather simple but takes from several days (in the case of a private business, or “autónomo”) to several weeks (in the case of the foundation of a company of a different type, or “sociedad”).
Doing business in Spain
How can one conduct business in Spain in a safe and profitable way? First, it is of utmost importance to follow the current legislation on founding companies, to keep your records of all tax operations, and to avoid labor disputes. You should also build a professional evaluation of the country’s economic climate, market conditions, and development perspectives in your field. By adhering to all the conditions mentioned above, it is highly probable that a newly created business in Spain will be a success.
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