As European property investment immigration gradually becomes popular, many Chinese are also choosing to develop their careers in Europe. In Spain, just by investing 500,000 Euros to purchase Spanish property, you can obtain residence status, and the type of property is not limited. In addition, you can also open a company here to start a business, achieving multiple benefits at once.
Basic requirements for establishing a company:
1. The name of the new company needs to be registered at the Spanish Commercial Registry.
2. Open a bank account: The minimum share capital for a limited liability company is 3,000 Euros.
3. A notary is required before registering the company name and obtaining the title deed.
4. Tax ID/Identity ID: Must hold a tax ID (legal tax ID) or foreign resident identity ID (personal identity ID).
5. Fill out and submit the transfer tax (capital transfer and legal enterprise transaction form), and pay 1% tax on the share capital within one month after signing the title deed.
6. Business registration includes:
(1) Company name certificate (company name)
(2) Original and copy of title deed
(3) Proof of tax payment
7. Main official procedures required for specific taxes: Tax registration must fill out tax application form No. 036. Specifically: (Business tax) paid for the registered company.
8. Obtain a business license from the relevant town hall.
9. Apply for Spanish social security and occupational accident insurance for the registered company, and handle social security for employees.
10. Meet some employment procedures and procedures at local social security offices.
Taxes to be paid for opening a company:
1. The tax rate for paying company tax in installments is 30%.
For small and medium-sized companies, taxes will be reduced:
a). Small companies: 20% tax on profits within 300,000 Euros, 25% tax on profits over 300,000 Euros.
b). Medium-sized companies: 25% tax on profits within 300,000 Euros, 30% tax on profits over 300,000 Euros.
Newly established companies pay 15% tax for the first two years.
2. Companies with a turnover of less than 10 million Euros can deduct up to 10% of company tax, but the reduced portion must be used for re-investment and cannot be used for dividends.
Note:
Low turnover means less than 5 million Euros per year, and the company has 1 to 24 employees.
A medium-sized company has an annual turnover of less than 10 million Euros.
3. Payment of company tax.
Company tax must be declared within 6 months and 25 days before the deadline.
The months for paying company tax are: April, October, and December.
A calculation method for large companies is that the previous year's turnover exceeds the expected turnover.
4. Value-added tax.
Currently, the general value-added tax rate (Spanish tax rate) is 21% (the 21% tax rate was implemented from September 1, 2012, to December 31, 2013, and it was reduced to 19% from January 1, 2014).
Related registration fees:
Total requirements:
(1) Only applicable to limited liability companies; (2) Shareholders are independent individuals; (3) Share capital is at least 3,006 Euros.
About the execution of title deeds.
The document written proof of consent in business days needs to use the name approved by the Commercial Registry Center. 90 Euros paid within the first 6,000 Euros.
Evaluation and commercial registration:
Within seven working days of receiving the title deed, 6.01 Euros paid on the first 3,005 Euros (subsequently not exceeding 2.181 Euros within 0.01% to 0.005%).
Owner needs to certify registration.
The document written proof of consent in business days needs to use the name approved by the Commercial Registry Center. 90 Euros paid within the first 6,000 Euros.
Notary fees and registration fees:
Notary: 60 Euros; Registration: 40 Euros.