Is Spain a good country to open a business?

Spain is one destination that’s not to be missed. … As the second-largest country in Western Europe and an integral member of the European Union, Spain is a highly developed, fast-growing nation. Its Ease of Doing Business score places it as the 3rd most attractive country for setting up a business in Europe.

Is Spain a good country to start a business?

Having the 14th largest economy in the world, the 8th largest in the OECD and the 5th largest in Europe, Spain is a great place to start or extend your business especially if you are in the service industry. If you don’t know where to start, these are quick and easy businesses available to expats.

Is it hard to open a business in Spain?

Starting a business in Spain doesn’t always need to be an arduous process. Depending on the type of company you are setting up, however, you might find the journey somewhat bureaucratic and long-winded. EU citizens setting up as sole traders or partnerships can jump through the required hoops relatively quickly.

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How much does it cost to open a business in Spain?

There’s no fixed cost. It would depend on several factors (such as: initial share capital, number of partners, extension of the incorporation deeds, …). The costs for setting-up an ordinary limited company (3,000 euros initial share capital, with 1-4 shareholders usually are: 3,000 € (initial share capital).

Is Spain good for startups?

Spain has a rapidly growing ecosystem of entrepreneurs, angel investors, early-stage incubators and venture capital funds. So far this year Spanish startups have raised a record €1.8bn from VC funds, more than thee €950m in all of 2020.

Can foreigners open a business in Spain?

Who can start a business in Spain? No matter if you are a foreigner or a local citizen of Spain, everybody is allowed to start your business in the country. The only requirement is that you are a legal resident.

What business can I start in Spain?

BUSINESS IDEA SUGGESTIONS FOR EXPATS IN SPAIN

  • OPENING A SOUVENIR SHOP. …
  • BUILD A CONTENT WEBSITE. …
  • BECOME A LANGUAGE TEACHER. …
  • OPEN A LOW-COST EXPERIENCE TRAVEL AGENCY. …
  • SOCIAL MEDIA MANAGER. …
  • CLEANING BUSINESS. …
  • ONLINE COACH. …
  • PROFESSIONAL PHOTOGRAPHER.

Can I live in Spain if I buy a business?

The entrepreneur visa is a residence permit that allows you to live in Spain during a two-year period provided that you start a project in the country that goes in line with the general interest of the Spanish economy.

Can you be self-employed in Spain?

Essentially, anyone can become a freelancer or self-employed in Spain. Being an autónomo allows you to carry out your profession or run your own business as if it were a company, but at a much lower cost and with less administration. For these reasons, Spain has attracted many entrepreneurs over the decades.

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How can I move to Spain?

Make sure to include these items on your relocation checklist to Spain:

  1. learn the basics about Spain.
  2. set up your university, internship or employement placement.
  3. search for housing.
  4. know your residence permits requirements in Spain.
  5. check out your visa process if required.
  6. get your NIE number.

How long does it take to set up a company in Spain?

Generally, incorporation of a branch takes between 6-8 weeks. Same procedure as for a company. Same procedure as for a company. The branch will also need to appoint an individual or legal entity residing in Spain to represent the parent company in dealings with the Spanish tax authorities regarding its tax obligations.

What are the most successful small businesses?

Most profitable small businesses

  • Shared home improvement equipment. …
  • Academics courses. …
  • Courses in other hobbies. …
  • Bookkeeping and accounting. …
  • Consulting. …
  • Graphic design. …
  • Social media management. …
  • Virtual assistant services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

How long does it take to open a business in Spain?

Take the original deed to your local tax authority to have it stamped. Take your stamped deed to the Mercantile Registry for filing in the official registry of companies. This process should take about 15 days.

Is Barcelona a good place to start a business?

Not only is Barcelona the most active startup hub in Spain, but it’s also an emerging European center for entrepreneurship and innovation. … Barcelona is founders’ preferred city for multiple reasons, including the quality of life, the relatively low rent prices and of course, the access to high-quality tech talent.

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How many start ups in Barcelona?

According to the Analysis of the Barcelona & Catalonia Startup Hub’s 2020 figures, the region is today home to 1,700 startups, a number that has increased by 57.4% between 2016 and 2020.

Is Barcelona a tech hub?

Barcelona has emerged as the European startup hub for entrepreneurship and innovation. … In fact, Barcelona is ranked second among all European cities when it comes to the number of professional developers and has attracted nearly 110 tech companies.