This document provides a summary of the key steps and considerations for establishing a business in Spain from China, including:
- The most common corporate structures are public and private limited companies, which have minimum capital requirements of €60,000 and €3,000 respectively.
- The process to establish a subsidiary involves requesting a company name, drafting statutes, obtaining tax IDs, signing documents before a notary, and registering with commercial and tax authorities.
- Spain has a favorable tax regime and double taxation agreements with China and Hong Kong to avoid double taxation. Main taxes are corporate tax of 15-30% and VAT of 21%.
- Requirements for a residence permit include proof of funds, health insurance,
Overseas investors continue to look to the UK as
an attractive location to invest. But what are the
key tax implications? Take a look at our guide on structuring your real estate investment in the UK to find out.
The Portuguese Golden Visa provides free travel within the European Schengen area and the possibility to reside in Portugal. The beneficiaries of this Visa can also ensure that their family members obtain a fully valid residence permit in Portugal. Please take a look at RPBA’s infographic on the types of investment and requirements to obtain a Golden Visa in Portugal.
The Portuguese Personal Income Taxation of Non-Portuguese Investment Fund (IF) distributions, in particular under the OECD Model Tax Convention on Income and on Capital (OECD-MC) and the Portuguese Non-habitual tax resident (NHR) regime, is a complex topic, namely due to the diversity of legal and tax status among IFs. RPBA’s Infographic provides a step-by-step questionnaire for an accurate and full analysis of the matter.
Overseas investors continue to look to the UK as
an attractive location to invest. But what are the
key tax implications? Take a look at our guide on structuring your real estate investment in the UK to find out.
The Portuguese Golden Visa provides free travel within the European Schengen area and the possibility to reside in Portugal. The beneficiaries of this Visa can also ensure that their family members obtain a fully valid residence permit in Portugal. Please take a look at RPBA’s infographic on the types of investment and requirements to obtain a Golden Visa in Portugal.
The Portuguese Personal Income Taxation of Non-Portuguese Investment Fund (IF) distributions, in particular under the OECD Model Tax Convention on Income and on Capital (OECD-MC) and the Portuguese Non-habitual tax resident (NHR) regime, is a complex topic, namely due to the diversity of legal and tax status among IFs. RPBA’s Infographic provides a step-by-step questionnaire for an accurate and full analysis of the matter.
The Portuguese non-habitual tax resident regime is granted to individuals who become resident for tax purposes in Portugal. This regime may grant an exemption on certain foreign source income as well as a 20% tax rate on employment and self-employment income deriving from high value added activities during 10 years. It targets non-resident individuals who are likely to establish residence in Portugal. View a few standard case studies on this RPBA’s infographic.
The Easiest way to understand International taxation , Concept of Double taxation and its avoidance agreements (DTAA) and its types . Tax implication of activities of foreign enterprise in India: Mode of entry and taxation respectively.
The Legal 500 and The In-House Lawyer Comparative Legal Guide Ireland: Privat...Matheson Law Firm
Private Client Partner, John Gill and Private Client Solicitor, Maeve Lochrie provide an overview to private client law in Ireland. The chapter covers taxes, succession laws, wills, trusts and their structures.
Recently, there have been some developments in Portugal’s non-habitual resident tax regime.
Among others, an amendment to the list of High Value-Added Activities was published and a General Ruling changed the procedure to acknowledge the activities regarded as High Value-Added.
In this newsletter we highlight these changes and share our insights.
Contact us should you require personalised advice on these matters.
The Legal 500 and The In-House Lawyer Comparative Legal Guide Ireland: Privat...Matheson Law Firm
Private Client Partner, John Gill and Private Client Senior Associate, Maeve Lochrie provide an overview to private client law in Ireland.
The chapter broadly addresses the income and capital taxes regime for private individuals who are resident and / or domiciled in Ireland and highlights certain reliefs for resident non-domiciled individuals and certain reliefs from capital taxes.
The chapter also provides a high-level summary of Irish succession law and the establishment of certain vehicles for transferring and / or safeguarding wealth.
Matheson’s Private Client department provide a relocation service to non-Irish executives and non-Irish individuals relocating to Ireland.
This expatriate tax guide has been designed to provide an overview of the different tax systems around the globe and gives further information about tax systems and regulations in specific countries
INVERSIONES Y NEGOCIOS EN ESPAÑA
ESCURA tiene una larga tradición en la prestación de servicios a empresas extranjeras en España, apoyándolas en la defensa de sus asuntos, así como en la creación de filiales y sucursales.
En este sentido tenemos constituidos varios Desk, es decir, departamentos especializados por países.
Muchos clientes nos hacen llegar sus necesidades de servicios, habiendo detectado que muchas empresas necesitan un acompañamiento inicial para su implantación en España.
Conscientes de esta necesidad, hemos creado el International Service Hub (ISH).
El ISH agrupa un conjunto de servicios que requieren las empresas muy especialmente en su fase inicial de implantación. Servicios que van de disponer de unas oficinas y un domicilio, hasta recibir servicios de asesoramientoen todas las áreas que sean requeridas.
La guía "Investments & Trade in Spain" introduce el conocimiento a los inversores sobre las particularidades jurídicas, fiscales y laborales, de España y por extensión de Cataluña, siendo ésta la mejor región para invertir al sur de Europa, con un contenido focalizado en:
- Información General del País.
- Sistema Legal.
- Sistema Fiscal.
- Regulación Laboral.
- Sistema de procedimientos civiles.
- Legislación Contable.
The Portuguese non-habitual tax resident regime is granted to individuals who become resident for tax purposes in Portugal. This regime may grant an exemption on certain foreign source income as well as a 20% tax rate on employment and self-employment income deriving from high value added activities during 10 years. It targets non-resident individuals who are likely to establish residence in Portugal. View a few standard case studies on this RPBA’s infographic.
The Easiest way to understand International taxation , Concept of Double taxation and its avoidance agreements (DTAA) and its types . Tax implication of activities of foreign enterprise in India: Mode of entry and taxation respectively.
The Legal 500 and The In-House Lawyer Comparative Legal Guide Ireland: Privat...Matheson Law Firm
Private Client Partner, John Gill and Private Client Solicitor, Maeve Lochrie provide an overview to private client law in Ireland. The chapter covers taxes, succession laws, wills, trusts and their structures.
Recently, there have been some developments in Portugal’s non-habitual resident tax regime.
Among others, an amendment to the list of High Value-Added Activities was published and a General Ruling changed the procedure to acknowledge the activities regarded as High Value-Added.
In this newsletter we highlight these changes and share our insights.
Contact us should you require personalised advice on these matters.
The Legal 500 and The In-House Lawyer Comparative Legal Guide Ireland: Privat...Matheson Law Firm
Private Client Partner, John Gill and Private Client Senior Associate, Maeve Lochrie provide an overview to private client law in Ireland.
The chapter broadly addresses the income and capital taxes regime for private individuals who are resident and / or domiciled in Ireland and highlights certain reliefs for resident non-domiciled individuals and certain reliefs from capital taxes.
The chapter also provides a high-level summary of Irish succession law and the establishment of certain vehicles for transferring and / or safeguarding wealth.
Matheson’s Private Client department provide a relocation service to non-Irish executives and non-Irish individuals relocating to Ireland.
This expatriate tax guide has been designed to provide an overview of the different tax systems around the globe and gives further information about tax systems and regulations in specific countries
INVERSIONES Y NEGOCIOS EN ESPAÑA
ESCURA tiene una larga tradición en la prestación de servicios a empresas extranjeras en España, apoyándolas en la defensa de sus asuntos, así como en la creación de filiales y sucursales.
En este sentido tenemos constituidos varios Desk, es decir, departamentos especializados por países.
Muchos clientes nos hacen llegar sus necesidades de servicios, habiendo detectado que muchas empresas necesitan un acompañamiento inicial para su implantación en España.
Conscientes de esta necesidad, hemos creado el International Service Hub (ISH).
El ISH agrupa un conjunto de servicios que requieren las empresas muy especialmente en su fase inicial de implantación. Servicios que van de disponer de unas oficinas y un domicilio, hasta recibir servicios de asesoramientoen todas las áreas que sean requeridas.
La guía "Investments & Trade in Spain" introduce el conocimiento a los inversores sobre las particularidades jurídicas, fiscales y laborales, de España y por extensión de Cataluña, siendo ésta la mejor región para invertir al sur de Europa, con un contenido focalizado en:
- Información General del País.
- Sistema Legal.
- Sistema Fiscal.
- Regulación Laboral.
- Sistema de procedimientos civiles.
- Legislación Contable.
International teleworking: migration, tax and Social Security implicationsAGM Abogados
With the approval of the Startups Law, the Spanish Government regulates for the first time the figure of international teleworking and with it, important fiscal, commercial and migratory measures.
From the migratory point of view, a permit is created for international teleworkers (or digital nomads), both for those who work as freelancers, which will have a significant impact on the Social Security of workers.
Finally, from a fiscal point of view, the possibility of benefiting from the Special Tax Regime (Beckham Law) is established for this type of profiles that travel to Spain to telework.
New regulations 2015: Immigration to Spain - Golden Visa Program, Company SetupDe Micco & Friends Group
New regulations 2015 regarding immigration to Spain for Non EU countries. Golden Visa Program Spain for investors, company formation process, immigration and investment criterias.
Investments and Trade in Spain - October 2015TAG Alliances
Bufete Escura is one of the most well known and respected Law firms in Barcelona. A client centered service, coupled with high quality ethical standards form the basis of our mission. Our longstanding service ethic has resulted in us becoming the reference Law firm for a wide range of business associations who trust our firm as the Law firm they recommend to their associates. Bufete Escura delivers legal services to a great number of global companies, who trust in us to supervise and advise their subsidiaries due to our specialist knowledge of the regulatory and business framework both in Catalonia and throughout Spain. We must emphasize our special relationship with Italian companies based or willing to be based in the Barcelona area, given that we have several collaboration agreements signed with different Italian Chambers of Commerce.
Taxation of dividends – Get informed about whether you have to pay taxes or n...UWU Solutions, Lda.
Over the past years “Profit and Gains Ltd.” has been having a great performance. This company based in Portugal since 2009 has been expanding its business into international markets, taking advantage from the growth of some emerging markets through means of local partnerships. The international dimension is part of its DNA, since its four founding partners are of different nationalities. João is Portuguese, Carlos is Angolan, Alfonso is from Spain and Walter from Belgium. Each one of them hold 25% of the company’s capital.
For the first time, and due to the company’s good results, the four members are considering to start distributing dividends. However, their doubts about how much taxes they will pay are preventing them to go ahead with the decision. In addition to their different nationalities, João and Walter’s share of the “Profit and Gains Ltd.” capital is done through other companies they have created, so that they could invest in other companies.
In order to help these four investors and to clarify all their doubts about taxation of dividends, we will begin by analysing the overall framework of this issue, so that we can then apply the rules to the actual case.
- Learn more at http://bit.ly/1w3QYF8
Brought to you by Fideso Tax & Law Marbella. Spain is to launch a set of new rules to facilitate the creation of new companies and provide a comprehensive response to the self-employed and SMEs.
The government stressed that this is a key reform for economic reactivation and job creation.
http://fideso.com/tax-advice/
Doing Business / Investing in Portugal (A quick guide)TAG Alliances
Created by: ESPANHA E ASSOCIADOS
Portugal is a unique European country to live or invest, evidencing, among other things, a pleasant all year climate, friendly people, passionate food, safety and a beautiful Atlantic coast-line with endless landscape views. Being part of EU since 1986, Portugal has seen significant growth since then, being now an indisputable modern western country, well-served in terms of network connections, business friendly laws, competitive and qualified professionals and, at the same time, a cost of living well below the EU average, which represents a clear advantage when you are thinking about investing or living abroad.
Diferencias entre la autorización como profesional altamente cualificado y la...AGM Abogados
Luis Esteban-Manzanares Fernández-Roldán, Subdirector Adjunto en la Subdirección General de Gestión y Coordinación de Flujos Migratorios, te informa de las diferencias más importantes entre la autorización de residencia para profesionales altamente cualificados y la nueva tarjeta azul UE, para poder decidir qué permiso es más beneficioso para la empresa y sus trabajadores.
Diferencias entre la autorización como profesional altamente cualificado y la...AGM Abogados
Te informamos de las diferencias más importantes entre la autorización de residencia para profesionales altamente cualificados y la nueva tarjeta azul UE, para poder decidir qué permiso es más beneficioso para la empresa y sus trabajadores.
El objetivo de nuestro webinar es en primer lugar facilitar una imagen del mapa procedimental del estudiante extranjero desde que es aceptado por la universidad o centro de estudios hasta que finaliza los mismos y decide iniciar o continuar su carrera profesional en España, sea buscando trabajo o iniciando un proyecto empresarial.
1 de diciembre: plazo para tener implementado el canal de denuncias en tu emp...AGM Abogados
El pasado 16 de febrero de 2023 el Congreso aprobó la Ley relativa a la protección de las personas que informen sobre infracciones normativas y de lucha contra la corrupción.
Esta Ley obliga a todas las empresas de más de 50 trabajadores y a las entidades del Sector Público a implementar un canal ético o de denuncias en las empresas.
El próximo 1 de diciembre finaliza el plazo para que las empresas comprendidas entre 50 y 249 trabajadores tengan implementado el canal ético o de denuncias. De no cumplir con la Ley llegada esta fecha, las empresas pueden enfrentarse a sanciones de hasta un millón de euros.
Te explicamos todo lo que necesitas saber para cumplir con la Ley y evitar sanciones en nuestro webinar del 19 de octubre.
1 de diciembre: plazo para tener implementado el canal de denuncias en tu emp...AGM Abogados
El pasado 16 de febrero de 2023 el Congreso aprobó la Ley relativa a la protección de las personas que informen sobre infracciones normativas y de lucha contra la corrupción.
Esta Ley obliga a todas las empresas de más de 50 trabajadores y a las entidades del Sector Público a implementar un canal ético o de denuncias en las empresas.
El próximo 1 de diciembre finaliza el plazo para que las empresas comprendidas entre 50 y 249 trabajadores tengan implementado el canal ético o de denuncias. De no cumplir con la Ley llegada esta fecha, las empresas pueden enfrentarse a sanciones de hasta un millón de euros.
La preocupación constante y las dificultades para seguir el día a día de los responsables de los departamentos de RRHH del caos normativo laboral que está invadiendo a nuestras empresas hace que, mediante el presente webinar, fijemos los apartados más sobresalientes de nuestro panorama laboral para saber si nuestra labor diaria es acorde con la legislación laboral actual.
Tanto durante el año pasado como en el presente ejercicio 2023, los Juzgados de Primera Instancia y las Audiencias Provinciales han ido resolviendo asuntos sobre las controvertidas reclamaciones de cobertura efectuadas por algunos asegurados frente a sus aseguradoras, en los que les reclamaban las pérdidas de beneficios (el lucro cesante) sufridas por el cierre de sus negocios durante la pandemia del Covid.
El presente webinar tiene por objeto analizar las dos tendencias apreciadas por nuestros Tribunales a la hora de resolver esta cuestión: una primera corriente (mayoritaria) que podríamos denominar “pro aseguradora”, y que ha supuesto la desestimación de este tipo de reclamaciones y una segunda corriente “pro asegurado” que, por el contrario, ha estimado las reclamaciones de los demandantes.
Presentación_webinar_Desplazamiento de trabajadores a Francia_060723.pdfAGM Abogados
En este webinar queremos contarte todo lo que debes tener en cuenta a la hora de desplazar a tus trabajadores a Francia, para evitar cualquier tipo de sanción por parte de las autoridades del país de destino.
En esta presentación te explicamos en qué consiste el procedimiento de Due Diligence, la logística del proceso, y desglosaremos cada una de las áreas susceptibles de ser analizadas. Además, hablamos sobre los tipos de informe de Due Diligence que pueden emitirse, atendiendo al contexto y a las necesidades del cliente.
El Tratado de la Unión Europea (TUE) autoriza el desplazamiento de trabajadores entre países de la UE. Sin embargo, este desplazamiento se rige por una serie de directivas europeas.
Además, cuando los trabajadores se desplazan a Francia, hay que respetar la normativa francesa relativa al núcleo duro de los derechos de los trabajadores.
Plataforma de denuncia de Whistleblower SoftwareAGM Abogados
Plataforma de denuncia de Whistleblower Software: solución sencilla y seguro te ayudará a cumplir con los requisitos legales y fortalecerá la protección de los denunciantes.
Plazo de 3 meses para que las empresas implementen el canal ético o de denunciasAGM Abogados
El pasado jueves 16 de febrero de 2023 el Congreso aprobó la Ley relativa a la protección de las personas que informen sobre infracciones normativas y de lucha contra la corrupción. Esta nueva Ley obliga a todas las empresas de más de 50 trabajadores y a las entidades del Sector Público a implementar un canal ético o de denuncias en el seno de tu organización.
En este presentación te explicamos en qué consiste el canal de denuncias, quién está obligado a tener uno, el plazo del que dispone su empresa para implementarlo, las sanciones a las que puedes enfrentarte si no lo tienes.
Cómo afecta al ciudadano y a las empresas el Impuesto de las Grandes Fortunas...AGM Abogados
El objeto de esta presentación es poder desgranar de una forma sencilla y con ejemplos qué implican todas estas nuevas medidas fiscales y a quiénes afectan.
Se comentan, asimismo, alternativas ante un posible incremento de la presión fiscal para el contribuyente.
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El objetivo es dar a conocer las posibilidades de compra o venta de unidades productivas en situaciones de crisis empresarial y las ventajas que puede traer tanto para la empresa que vende, como para la empresa que la comprará.
Residencia y estancia para profesionales del sector audiovisualAGM Abogados
En este presentación, te explicaremos en qué consisten las medidas del Plan “España, Hub Audiovisual de Europa”, así como las opciones de residencia y estancia.
Guide for a successful establishment in Spain from China
1. Practical guide for a
successful establishment in Spain
from China
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2. Index
Major Corporate Structures.
Example of a Process Type.
Regulation regarding Subsidiaries.
Main Taxes: Direct and Indirect.
Double Taxation. Differences between Mainland China and Hong Kong.
Workplace.
Helps to attract investments.
Residence in Spain: cost and requirements.
Other aspects to consider.
Obtaining NIE (Foreigner Identity Number).
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3. Major Corporate Structures
Public Limited Company (PLC): minimum capital of 60.000€, limited
responsibility to the capital contributed. It is the most common form
for large and / or listed companies. Shareholders can be natural or
legal persons, national or international.
Private Limited Company (Ltd.): minimum capital of 3.000€, limited
responsibility. Most commonly chosen form, having lower costs and
greater flexibility. It cannot go public. Can be created by natural or
legal persons, international or national.
There are other Options (Cooperative, JV,…), but do not offer
advantages for foreign investment concerning Limited Liability
Companies or Limited Companies, so it is recommended to go for
these.
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4. Example of a Process Type (I)
a) Request of the Company´s name in the Central Mercantile Register.
b) Prepare the draft of the Statutes which will rule the company.
c) Where appropriate, appoint a representative of investors, which should be
mandated by the power of the Hague Apostille.
d) Obtaining the Spanish Tax Identification Number (NIF) for individual investors,
or to the Trustee if it is a non-resident.
e) Bank Certificate according that Funds are available in account.
f) Document of constitution of society, which must be signed before a Spanish
Notary, by all partners, local and foreign (or agent).
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5. Example of a Process Type (II)
g) Statement to the General Direction of Transactions abroad in Spain.
h) If the investor is a society not a resident, obtaining the Fiscal Identification
Number for the investment company.
i) Procurement of the Fiscal Identification Number (NIF) for the Spanish society
(already constituted) allowing it to operate financially. High tax obligations for
Direct and Indirect Taxes.
j) Self-assessments and presentation to the competent regional administration.
k) Registration to the Commercial Register.
l) Obtaining definite Tax Identification Number for the Spanish society.
m) Legalization of the owners and the company's bylaws. Obtaining the Book of
Acts and the Registration of Members, both certified by the Registry.
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6. Regulation regarding Subsidiaries
They do not have legal personality, are not independent of the matrix.
Therefore, the matrix responds in an unlimited form to its debts and
contingencies.
Its advantages are:
a) Fiscal benefits: deduction of the negative results of the branch by the
matrix.
b) No minimum capital required.
Must appoint a legal representative in Spain.
The steps to follow for its establishment are very similar to those already
explained.
At tax level: identical responsibilities as a subsidiary regarding taxes to pay.
On an annual basis, must be deposited in the Spanish Registry a copy of the
financial statements of the parent company, properly translated and
apostilled.
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7. Taxation (I)
Spain has a favorable tax regime for foreign investment, given the large
number of Double Taxation Agreements signed. Main Tools:
Exemption on capital gains and dividends to foreigners (ETVE regime).
Special regime for holding companies (ETVE regime).
Double taxation treaties with numerous countries, and especially with almost
all of South America. Platform to attack those markets.
Very advantageous treatment for R&D.
In some cases, good tax treatment for individuals (regime moved to
Spain/Beckam Law).
The EU membership unifies the rules for the 27 member states and avoids
double taxation in all partner countries (Directive parent company/subsidiary).
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8. Taxation (II)
There are 3 types of duties: Taxes, Fees and Special Contributions.
Incise on Taxes. These fall into 2 broad categories:
a) Direct Taxes: associated with concrete facts: reside, benefits…
b) Indirect Taxes: associated with consumption.
The main Direct Taxes and its types are:
For the company:
Profit Tax (Corporate Tax). Different tax rates:
a) New entity creation: 15%-20% subject to certain requirements.
b) SMEs: 25%-30%
c) General: 30%, exempt if no Double Taxation Agreement.
Dividend tax for partners: according to DTA (Double Taxation Agreements). If
applicable ETVE regime = 0%
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9. Taxation (III)
For the individual/personal income tax on earned income:
Income tax: if resident. From 24% to 56%, depending on his/hers income and
place of residence. Deductible to what he/she paid in his/her country.
If the person is a resident, and results applicable to the special scheme
(Beckam Law) the 24.75% the first six years up to 600,000€/year.
If non-resident, under the Double Taxation Convention.
Indirect Taxation
The most important is the VAT, which general rate is 21%.
Transaction Tax: 7% to 10% for housing in terms of the CCAA (Autonomous
Region), and a low of 4% for others.
Capital Tax: 0% for capital increases, mergers, ...
Property Tax: between 0.9% and 1.1% of the cadastral value.
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10. Taxation (IV)
There is a Double Taxation Agreement with China since 1992. Following
the agreement, the guys taxes levied are most significant as follows:
10% for dividends
10% for the interests
10% for fees and royalties.
The sale of an investee owned is taxed if the percentage possessed is
equivalent to at least 25% of its capital.
The double taxation treaty allows taxes paid by residents in their home
country are deducted from what they should pay in the country of
residence for income.
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11. Taxation (V)
As for HK, the agreement was signed in 2011. In this case, the types are:
Between 0% (if you own more than 25% of the company) and 10% for
dividends.
5% for interests.
5% for Royalties.
0% for capital gains (except in the case of a real estate company).
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12. Helps to attract investment
GOLDEN VISA (Residence in exchange for investment).
There are numerous programs to help businesses in the interests sought by
the developer of the help: creating jobs, strengthening the R & D,...
Aid can come from the Central Government, regional governments and even
of the same cities.
Belonging to the EU, you can also go to the EU aids.
The main objectives of the aids are:
Generate employment.
Development of R & D and ICT.
Development of a particular geographic region or sector of activity.
Matching with European policies: youth employment, environment,...
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13. Labor issues
The working week is of 40 hours.
The working conditions are regulated by sectorial agreements.
Paid holidays are usually 30 days per completed worked year.
Workers must have a Social Insurance, which typically have an average cost
of 28% of the salary, 23% is paid by the company and 5% by the employee.
The dismissed workers should be compensated, but the amounts and
conditions depend on the reasons for the company to fire.
The directors or expats can have specific contracts to regulate their
responsibilities and rights/duties, denominated Contracts of Top
Management.
A person can become self-employed and develop an independent economic
activity.
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14. How to get a NIE?
1. Initial authorization for nonprofit temporary residence
Description: Authorization a foreigner may request from its country of origin
and which authorizes him/her to reside in Spain without performing any type
of work activity during 1 year.
Requirements:
Not to be a citizen of any EU state.
Not to be found irregularly in Spanish territory.
No criminal record and not be prohibited from entry into Spain and to
accredit it.
Have sufficient financial means to cover living expenses and return and
to accredit it.
To have public or private health insurance and not have any illness that
can affect the health of the residents and to accredit it.
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15. How to get a NIE?
Procedure:
Presentation of relevant documentation from the foreigner to the
Spanish consular office.
Payment of administrative fees.
Resolution time: 3 months from registration of the application.
Delivery visa: Once given the visa, you should move to Spain within three
months.
Once in Spain, you must apply for Foreigner Identity Card in the foreign
office or commissioner of the province where authorization has been
processed.
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16. How to get a NIE?
2. Initial authorization for temporary residence and self-employment
Description: Temporary residence and work to a nonresident alien in Spain for
carrying out a lucrative activity for their own.
Requirements:
Not to have a EU citizenship or to be irregularly found in Spanish territory, or have a
criminal record in Spain, and not to have prohibited the entry into Spanish territory.
Not found within any period of commitment of no return.
Comply with the legal requirements for the opening and performance of the
planned activity.
Have sufficient qualifications and experience to carry out the activity (and to
accredit it).
Have sufficient financial capacity to develop the activity (and to accredit it).
Having made the appropriate prior notices, responsible statements , authorizations
or licenses for activities or services dealt with the competent bodies.
Having a facility or project activity to do with an indication of the planned
investment.
Be able to prove the payment of administrative fees.
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17. How to get a NIE?
Procedure:
Document submission by the interested person to the Spanish diplomatic
office or consular.
Deadlines: Resolution in 3months, once resolved, the person will have
one month to apply for the visa in person once granted, it must be
collected within 1 month. After collecting the visa the person must enter
Spanish territory, having 3 months to make its corresponding
membership to the Spanish social security system (as self-employed) and
then have one month to apply for foreigner identity card in the
appropriate commissioner or police station.
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18. Cost of living in Spain
The acquisition of visa requires acquiring one / several real estate properties
with a minimum value (excluding taxes) of 500,000€ and 2,000,000€ if the
purchased is one (or more) companies or public debt.
An apartment for a family in a central area of Barcelona or Madrid can be
rented for an amount close to 1,200€/monthly.
A good family health insurance can be achieved for 150€/month.
A family of 4 people may have some feeding monthly costs between 600€
and 1,000€.
The renting of a car can cost between 300€ (Skoda) and 700€ per month
(Audi).
A private school can cost between 250€ and 750€ per month, per person.
The monthly costs of a housing can be between 300€ and 600€.
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19. Obtaining a NIE
The NIE should be requested from the Police or consular offices
located in the respective country of residence of the applicant.
The required documents are:
Official form, completed and signed.
Original and copy of passport or valid ID.
Argument of the reasons justifying the request.
If the requester is an attorney, proof of that empowerment.
All those documents written in an unofficial language from Spain,
must be accordingly translated and annotated, for their understanding
and demonstration of truth.
When all filled in, the decision should take place within 2 months.
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