Spain Self-employed Solution

Capital	Madrid
Population	About 47.2 million
Language	Spanish

Time Zone	GMT +1 (Summer Time GMT +2)
Currency	1 EURO (EUR) = 100 cents

* Click here for the latest rate of exchange.

Immigration

No Entry Visa for EU/EFTA nationals except for Croatians.

Residence Certificate required for EU/EFTA nationals intending to stay more than three months. Must register at the Central Register of Foreign Nationals (Registro Central de Extranjeros), at a Foreigners Office (Oficina de Extranjero) or local police station (Policia Nacional).

Community Registration (Certificado de Empadronamiento): obligatory for foreign nationals intending to reside in Spain for more than six months per year.

Click here for latest IATA travel requirements for Spain.

Work Requirements

No Work Permit for EU/EFTA nationals.

Obligatory Sole trader (Empresario Individual) registrations including IAE business tax (Impuesto de Actividades Económicas);
start of business declaration (Declaración Censal de Inicio de Actividad); Social Security (Seguridad Social); and VAT.

Taxation

Non Residents working in Spain for less than 183 days in any financial year are liable only for their Spanish income.

Residents working in Spain for 183 days or more are liable for their income worldwide.

Tax Rates

Income tax: progressive up to 45% on taxable income above EUR 175,000.20.

Surtax: progressive up to 7% on taxable income above EUR 300,000. Applicable for tax years 2012 and 2013.

VAT: 21%.

Social Security

Obligatory Spanish Social Security contributions: 29.8% on the minimum monthly base of EUR 893 regardless of actual income.

Retention

65-75%

The income retention depends amongst others on the duration of the assignment, contract rate, marital status and taxation and social security agreements between Spain and the foreign nationals’ country.

Please contact Access Financial for more information.

Tel: CH +41 22 365 4620 | UK +44 7017 3110 | CYP +357 25 820 640

E-mail: info@accessfinancial.com

Access Services

Consultancy Agreement with an Access Financial group company to work for the Spanish end client.

Support for local tax, social security and business registrations.

Provision of local Spanish accountant to ensure:

application of local allowable deductions and credits;
VAT registration and management;
withholding of due tax, social security, pension and all other work-related contributions and payment to the relevant authorities.

Contract-end and Year-end returns.

De-registrations.

Optional provision of additional insurances and policies to comply with additional statutory or voluntary work-related requirements.