Cannabipedia: start a business
Entrepreneurship in Spain: guide to doing business in Barcelona
In this article, we will discuss business practices in Spain and the realities of doing business in Barcelona.
Setting up a SL (Sociedad Limitada) company in Spain
According to the provisions made by the Commercial Code of Spain, the following types of organizations related to economic activity in Spain are permitted in Spanish territory: joint-stock companies (JSC), limited liability companies (LLC), and representative branches of international companies (permanent representative offices).
Buying a business in Spain
If you have made up your mind to develop a personal business in Spain, the first thing you should do is to decide whether to establish a private company or to buy a business in Spain. Both options have certain advantages and disadvantages. Therefore, in each case one should make the decision based on practicality, cost-effectiveness, and safety.
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”).Spanish vacations
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