Business in Spain: 5 Steps to Get Started

1. Define Your Legal Structure

• Sociedad Limitada (S.L.): Ideal for limited liability protection and is one of the most common structures for small to medium-sized enterprises.

• Autónomo: Suitable for freelancers or small independent ventures.

2. Secure Necessary Licenses

Before launching your business, ensure you comply with all local and industry-specific regulations. Identify the permits and licenses required.

3. Register with Tax Authorities

A critical step in establishing your business in Spain is registration with the Spanish tax authorities, known as Hacienda. Obtain your tax identification number (NIF or CIF).

4. Open a Corporate Bank Account

Setting up a dedicated Spanish bank account is mandatory for managing your business finances effectively.

5. Engage a Professional Accountant

Hiring a professional accountant with expertise in Spanish business regulations can streamline your operations, ensure tax compliance, and keep your finances in order.