When moving to the Costa del Sol, there’s a lot to consider. Unless you’re one of the lucky ones coming here to retire, there’s a good chance you’ll be thinking about your income. Although it’s possible to get a job here in Spain if you have a worthy trade and adhere to the country’s legal requirements, you might also want to think about bringing a business over from your home country.
Navigating a foreign country’s legal system in order to start afresh there can bring on a sweat, sure, but that is probably less of a concern than having to start a new business from scratch, or getting a job working for someone else when you’re so used to working for yourself.
With a little effort and perhaps some local assistance, you’ll be browsing houses for sale on the Costa del Sol safe in the knowledge that your own business is going to be up and running here in Spain in no time at all. In fact, the Sunshine Coast may be just what your business needs! There are plenty of other expats living here and lots of locals looking for work, so you’ll undoubtedly find yourself a great new team and plenty of business contacts.
Here are the things you’ll need to think about before bringing your business to the Costa del Sol:
You must follow Spain’s processes and legal requirements
First and foremost, you’ll need to make sure you know the local market; there’s no point going through all the hard work setting up here if it’s not suited to the area of Spain you’ll be living in. Do some market research, speak to expats online, in forums (and ideally face to face) while you’re here looking for that dream apartment in Marbella!
Next up, it is of course necessary to find out what local regulations apply to your business. You might find that the requirements can vary a great deal, dependent on the kind of business you own. Specific qualifications may also need to be attained in order that you can offer certain services.
Anybody wishing to work within the food industry will need a food handler certification at the very least, and there are some industries, like medicine or architecture, that require an EU institution to approve your business before you can operate. Having certificates from your home country might not be enough – it could be necessary to obtain certificates and qualifications within Spain, or you could apply to have your current qualifications validated in some cases.
You’ll need a business license
One thing you’ll definitely have to get is a business license that applies to your particular industry; it’s a requirement of the Town Hall. Known as the ‘IAE’ (Impuesto sobre Actividades Economicas), this translates to ‘tax on economic activities’; the central tax office is responsible for its administration. You may earn a maximum of €600,000 before you are required to pay tax on your turnover.
If you’re here looking for properties for sale in Marbella, this would be a good time to look for a commercial property for your business too, if required, because you’ll have to present a lease contract and title deed in order to get the business license. These must be submitted along with other permits you may have, 4 photos and a copy of the deed and lease.
Other things to consider:
- Do you want to register as self-employed (autónomo), or is it better for you to establish a Limited Company (Sociedad Limitada)?
- Will you need any employees, or partners?
- Are you registered with Social Security and do you have your N.I.E? This can take weeks to process dependent on the time of year, so try to get an appointment online well ahead of your next visit to Spain.
- Residence permits may be required, and it is worth going over the local immigrations laws.
Paradise Marbella are in the know about many of the laws and legislations you could be subject to, and we’re happy to help where we can. Give us a try! If we don’t know, the chances are we know someone who does. We’re here to make your move as smooth as we possibly can, so let us know about all of your plans and we’ll see what we can do. We know that expats have lots of concerns when moving abroad, but thanks to our extensive experience, we are skilled at handling any issues they may face. We’ll be waiting to speak to you when you’re ready!