how to do business in spain

This applies to all your interactions in Spain as well, not just clothing. While many Spaniards will meet each other with a kiss on both cheeks, this is not common in business relationships unless you know the other party well. As in many Asian countries, you must do everything you can to prevent yourself and others from "losing face", so be very careful to avoid any kind of criticism or embarrassment. The Spanish are all about presentation, and stylish clothing is a sure to warm their hearts. Before starting with our company and investment suggestions, let’s start first talking about the main characteristics that the business you start in Spain must have in order to become successful. It’d be nearly impossible to completely integrate with Spanish culture. However, you may be invited to someone's home for a drink before heading off … The first step in setting up a limited company is to obtain a certificate to verify that the company name you want to use is not already taken. It’s merely an air kiss near your partner’s left and right cheek. It is vital to fully understand the Spanish tax system to avoid misunderstandings and ensure that you do not make inappropriate decisions with regards to investments, business and private transactions. Again, the person who extended the invitation pays the bill. Partnerships work similarly, with each partner being held responsible for paying their own income tax.
Throughout Spain, be prepared to do business outside of the office environment. global transactions as simple as sending an email, cyber security, real-time tracking and comprehensive customer support, Except in Canary Islands, Cantabria, Catalonia and Valencia, Equipment, services, food and beverages for Hospitality and Tourism, Ceramic products and goods, glass blocks, bathroom and kitchenware, raw materials and more, Invitation letter from your Spanish business client, Certificate from your employer allowing your business travel, Business bank statements for the last six months. Guess which city is the “smartest” in Spain? The simplest way to run a legal business in Spain is as a sole trader, or an “autónomo”, as you can either trade in your own name or as a business name. It's the time to talk about your personal life. Banks such as BBVA, Bankia, Santander, and La Caixa all provide business accounts. However, respect, honor, and dignity are perceived as extremely valuable and necessary for any trusted working relationship. Communicating in the Business Environment. Sole traders will pay tax on a quarterly basis at the standard rate of income tax; they will need to fill out a tax return at the end of each financial year. Exports to the EU have a 3% tariff, while certain products have additional rules and license requirements. The ability to offer favors to relatives or friends of your Spanish hosts are seen as exceedingly valuable in the building of such trust. When choosing a restaurant, choose a good one, as by now, you'll have learned that Spaniards appreciate fine wine and good food.

Don't mention 'repayment' dinners to your hosts, which is considered an insult. Hopefully this saves some awkwardness at the business meal. The explosion in numbers of younger people moving to Spain from Northern Europe has led to a whole host of businesses catering to the new residents. Really? Empresa Individual is the equivalent to a sole trader in the UK with the business in Spain being run in one persons name. EU citizens setting up as sole traders or partnerships can jump through the required hoops relatively quickly. After a successful negotiation, gifts are sometimes exchanged to mark the happy occasion. © Copyright 1999-2020 Universal Class™ All rights reserved. Barcelona is also one of the top automotive manufacturing cities in Europe, hosting dozens of foreign manufacturing plants from all across the world. Another common Spanish gesture is snapping the hands downward to emphasize a point. Ms. Cotton was happy to share tips with About.com readers to help business travelers avoid potential cultural problems when traveling. When you start your own business in Spain you open up the potential for high earnings – there is no ceiling and no restrictions.

This traditional and established method of hierarchy has existed in Spain for centuries. Businesses must keep records of their accounts and order books, which can be requested for scrutiny by government bodies such as the tax authority. It’s important that you schedule your business meetings in Spain with these holidays in mind. Associations, on the other hand, are usually run more informally by groups of people who have a common interest. Don’t bring up any Spanish stereotypes: siestas, bull-running and flamenco dancing. You don’t need a visa if you’re staying in Spain for less than 90 days. Be aware that it would be frowned upon if you spent a great deal of time and attention on someone who is of lesser rank than you. STEP SIX – Get your business in Spain going – work harder than you have ever worked before – never give up and make lots and lots of money! Being sincere and genuine with Spanish business clients, sharing your life so that they can begin to trust you. It should take around 15 days for the deed to be registered and original documents returned. These events are a Spanish specialty, especially in Barcelona where the Fira de Barcelona exhibition center attracts more than 50 international events every year. Finally, you will also need buildings and contents insurance. We'll assume you're ok with this, but you can opt-out if you wish. Don’t move away, or it may cause offense. Before making appointments, research normal business working hours in the region you're visiting and then keep in mind that many offices close early.
This site uses functional cookies and external scripts to improve your experience. This creates some friendly competition between Spanish regions, and a dislike for anyone who acts as though two regions are the same.

Personal space isn’t really a factor in Spain. For example, in the region of Catalonia (and most especially Barcelona), business travelers may find that business people they deal with in that region are rather abrupt and direct. However, it’s kind to round up your bill or leave some change.

How is your new business in Spain going to differ to existing businesses? In Spanish culture, as mentioned before, it's popular to do business outside of the office. Which cookies and scripts are used and how they impact your visit is specified on the left.

number for your business in Spain. Women sometimes lightly embrace, then touch cheeks while lightly kissing the air. Depending on the type of company you are setting up, however, you might find the journey somewhat bureaucratic and long-winded.

You need 7 tools to master international trade. The most common form, however, is the sociedad limitada or S.L. It should cost you around €99 for a long-stay (more than 90 days) Schengen Visa, which equates to about $120 USD. All Content is provided strictly “as is” and we make no warranty or representation of any kind regarding the Content. Chocolate, wine and flowers are all fine choices. If you give Spanish wine, make it a special one. To better understand all the nuances and cultural tips that can help a business traveler heading to Spain, I interviewed Gayle Cotton, author of the book Say Anything to Anyone, Anywhere: 5 Keys To Successful Cross-Cultural Communication. This gives you entitlement to the local health service such as doctors and hospitals (not dentist) and if you pay in for 15 years you qualify to receive a pension. Get to Work in a Job in Spain in 2019 – The Honest Truth About Working in Spain…, I Hate Spain – Why I Hate Living in Spain & Why I’m Leaving. The traditional Spanish businesses follow the typical Spanish management structure that has been discussed, while the international companies will often echo the style and traditions of the company’s home country. Challenges. As an owner of a limited company, you will need to take out a personnel insurance policy to protect your employees in the event of accidents or sickness. Prepare yourself for even longer hours on the weekends. So so so glad I discovered this website. Business etiquette in Spain. Spanish business culture may differ considerably from that in your home country. Make sure you understand business etiquette, protocols, and processes for negotiation in Spain for a positive experience. Many Spaniards may speak French as a business language, and you may require the services of an interpreter. This site uses functional cookies and external scripts to improve your experience. Spanish bosses and managers approach giving orders and instructions or directions to employees in a warm, personable manner.

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