Checklist for Setting up a Business in Spain

  To do

 Completed 

  1

  Decide what business you want to set up

  2

  Instruct your independent lawyer (hopefully Judicare)

  3

  Look at the cost of setting up the business. Fix a budget. Stick to it

  4

  Look at how you are going to finance the business to start with. Write a budget that shows monthly cash flow

  5

  Look at how you are going to fund your family until the business takes off

  6

  Look at who should own the business.

  7

  View locations and possible premises. Be honest with yourself about what you and the customers need

  8

  Look at tax obligations

  9

  Make a business plan

 10 

  Speak to currency dealer about getting the best rate for any money you are transferring to Spain

 11

  Consider who your target audience / clients are

 12

  What are your language skills like—with clients, suppliers, the authorities etc

 13

  Consider exit plans if it goes wrong

 14

  Lawyer deals with purchase

 15

  What licenses do you need to obtain?

 16

  What documents need to be translated into Spanish

 17

  Look at what staff you need and obligations to them

 18

  Arrange insurance – contents / buildings / health / employers liability etc

 19

  Signature of title deeds and registration at the Land registry 

 20

  Make a Spanish Will and review your English Will

 21

  Arrange for Fiscal representation and tax advice

 22

  Open your business and be successful