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How to open a business in Spain

Spain is famous as a country in which it is easy to open your own business. True, this state can present a lot of pitfalls, so those who plan to start their own business in sunny Spain need to know the basic rules and features.

What you need to know when starting a business in Spain?

There are several important rules that any entrepreneur who wants to open a successful business in Spain should know and follow:knowledge of the language. In Spain, not many know English, and almost no one speaks Russian. Therefore, for a successful and convenient business, it is important to have a good command of Spanish, since it is inconvenient to use the services of an interpreter;
the presence of a promising business idea. An indispensable condition for a successful business is the presence of an idea, the implementation of which, firstly, already has at least minimal experience, and secondly, relevant for a given country;
Choosing the right legal form for the business. For this country, firms such as Sociedad Limitada are most characteristic. This form corresponds to the Russian LLC or CJSC. In this case, the company is owned by two owners whose shares are divided equally or in proportion;
the presence of authorized capital. This country usually requires an investment of 3,100-10 million euros. Moreover, the owner of the future company must have an amount in this range at the stage of registration of the company. After registration, this amount should be transferred to the account of the company as living money and either be in the account intact, or be spent on the needs of the company.
The search for a suitable manager is also important. It makes sense to choose a local specialist. To find the right employee, you can turn to the announcement in the media or on the Internet, and then conduct an interview with the candidates.

After it is decided what exactly the company will do in Spain, you need to spend some time in this country and think over what the future company still lacks. Most likely it will be some kind of equipment, raw materials or retail space. If you have any problems, you need to decide in advance how to fix the problem.

Legal Aspects of Starting a Business in Spain

It is impossible to create your own company in Spain without having received a special Foreigner Identification Number, which is issued both in this country and in Russia. The reason for receiving it is the intention to do business in Spain.
Issue this number for 10 days.
Choosing a name for a company also requires certain rules: submit the invented name options to the Commercial Register, where they decide which name can be assigned to the company.

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