Emigrating to Spain to start a business: how much does it cost to start a business and what documentation is needed

Silvana Saldisuri

07/16/2021 6:01 AM

• Clarín.com

• Services

Updated 07/16/2021 6:01 AM

The last year was very challenging for startups and SMEs that had to operate in an uncertain context, to practice resilience and to reinvent themselves.

More than

a quarter of these businesses

that were affected by the pandemic

were forced to close permanently

.

Although the rest managed to survive and continue working despite the isolation measures, due to the crisis that Argentina is still going through, many began to 

look outside the country

 in search of greater predictability and growth.

In that sense, for reasons of language, descent and similarities in some customs, Spain continues to be one of the most chosen countries.

Is that in Spain,

the offer to undertake is very wide

, there are many possibilities and at the moment everything that generates employment there is welcome.

The

The rules are

clear and stable

, so by evaluating the areas and projects well, 

there are many opportunities

.

However, what works best today in the European country are 

autonomous innovation or technology projects

applied in an area that needs to be reactivated.

What are the necessary requirements to live and undertake in Spain?

Moving to another country means going through a series of

procedures and obtaining permits to make the stay legal.

Argentines with European citizenship have important advantages if they want to reside in a nation of the community.

With European Citizenship:

 here the entrepreneur only needs to obtain his residence card and he can begin the process of registering as a self-employed person or company and setting up his business.

You can then start from scratch or buy a franchise or transfer.

"Each of them must be evaluated according to the

profile of the entrepreneur

, not all of us can carry out a business and

franchises are sometimes an abyss

, we believe that they give us everything ready and then headaches come.

There are many expenses that principle not evaluate

, and that appear as we are

doing ,

"he said to

Clarin

, 

 Eliana Diehl

, CEO of ArgentApp, a platform that helps Argentines who want to

settle in Europe

Moving to another country means obtaining permits so that the stay is legal.

Photo: Clarín Archive

Without European citizenship:

if the person does not have a European passport, they can opt for an

entrepreneur or self-employment visa

.

What are the conditions for entrepreneurs?

Visas for entrepreneurs have

very interesting conditions

compared to other visas.

They are procedures that are resolved fairly quickly, within a period of about

20 business days for residence authorizations, and 10 more days for the visa.

And you have the possibility of submitting it even while in Spain, personally or through a legal representative.

The

venture 

has to be considered of general interest and

ensure the creation of new jobs

.

It will also be taken into account whether the project will have a social and economic impact on the geographical area where it will be developed.

The other option is for the project to provide

technological or scientific innovation

for the country.

To apply for this visa it is necessary to present a report stating that the business project presented produces this favorable environment in the development zone.

The report will be evaluated by the Economic and Commercial Office of the area where the investor submits the visa application, as well as by the General Directorate of International Trade and Investments, if he is legally visiting Spain.

The visa applicant will have to

make a capital investment in Spain to carry out the project

.

The amount of this investment does not have a minimum, nor do they establish the number of employees that must exist, but a complete business plan must be presented, which will be validated by the corresponding entity.

It will be necessary to take into account a series of expenses that will be incurred when undertaking in another country.

Photo: Reuters

Economic solvency: 

 to proceed with the authorization for investors, the entrepreneur is required to have

economic resources

equivalent to 400% of the monthly IPREM, which is approximately

2,250 euros per month 

and an additional value equivalent to 100% of the IPREM 

(564.90 euros )

for each additional family member (children, spouse) monthly.

The IPREM is the Public Indicator of Multiple Effects Income, a

reference index in Spain for the allocation of aid and subsidies

based on income.

Their spouse or partner, their children or those of their minor or elderly spouse who are economically dependent, as well as the ascendants who are in charge, can then reside together with the entrepreneur.

What expenses must be taken into account to start a business in Spain?

Self-employed expenses: it 

starts with an initial fee of 60 euros (it is like monotax in Argentina) and increases each year.

Manager or accountant:

the monthly fee varies approximately between 40 to 60 euros.

Commercial rental: they 

 request a bank guarantee of 12 months of the value of the rent.

This money is frozen in the bank account itself.

Rentals are agreed for 5 years.

If the project manages to be incubated in Spain, there are subsidies and then governmental support in each city council, achieving significant investments.

Business insurance: it

is important to have insurance for any incident that the premises may have.

The value can be around 25 euros per month.

It is important to travel only with the essentials because in the country of destination the removals will be many.

Photo: Germán García Adrasti

10 keys to consider before emigrating to Spain

"Emigrating is not a decision that is made from one day to the next, there has to be an internal click that prompts one to leave. It is not the same as just imagining it or thinking about it," said the entrepreneur, digital marketer and CEO of Neolo and Pulión Digital,

Esteban Cervi

, who recently moved to Spain together with his family and his two businesses.

From his experience, he shared with

Clarín

some

tips

to keep in mind before making the

decision to emigrate

to start a business in Spain: 

1.

It is advisable to

plan the trip in advance

: at least between 4 and 6 months. 

2.

Evaluate

in advance when it will be convenient to travel

: when is the best time to do paperwork, etc.

For example, many public offices close in August.

3. 

Know that, unless you go with a job offer, it is very difficult to know which city will be the best to live in.

Everyone has different needs, wants, and interests.

Do some research on the

possible places to settle

, at least in a first stage. 

4. 

Research a lot

, consult forums, Facebook groups, Twitter and Youtube. 

5. Travel with the minimum possible

and the most essential

because in the country of destination the removals will be many.

6.

The

networking are essential

for everyone, whatever the project: the sooner you can start building, much better.

7.

  Go with enough money to be

without income, for at least 6 months

.

The amount will depend on how many are traveling and the lifestyle that each is willing to lead in the new country.

8.

Competition in Europe is high,

because there are very prepared people there.

Do training and specialize

as much as possible in what interests each one to arrive with more skills and abilities. 

9.

  Consult information available on the

official websites of migration and health ministries

.

And, in any case, get advice from people who are dedicated to this.

10.

Know that being in a pandemic

, plans can change

quickly and that windows of opportunity are few and far between.

LN

Look also

Emigrating to Spain: what are the 5 professions that most ask for and how much they pay

Living in Spain or Italy: how citizenships and visas are processed and how much do they cost