Castilla y León is a sure bet for starting up a business. We will supply full support to establishment of your company in our region.
Your business project is a key issue for the development of Castilla y León economy. For this reason, we will accompany during all investment process.
You can contact us in the following email address: inversiones@ade@jcyl.es
- STARTING UP A BUSINESS IN CASTILLA Y LEÓN
Starting up a business in Castilla y León will be a simple, optimum and quick process thanks to our support service. We will help you to develop your business idea and business plan, to find right location, to recruit human resources and suppliers and to support bureaucracy process.
Further Information can be found at: inversiones.ade@jcyl.es
- WAYS TO SET UP A BUSINESS IN CASTILLA Y LEÓN
There are many ways to set up a business in Castilla y León. You can opt for setting up a Spanish Company, which could be done into different forms:
| TYPE OF ENTITY | NO. OF SHAREHOLDERS | MINIMUM CAPITAL |
| CORPORATION | At least 1 | At least €60,000 |
| EUROPEAN COMPANY | At least 1 | At least €120,000 |
| LIMITED LIABILITY COMPANY | At least 1 | At least €3,000 |
| NEW BUSINESS LIMITED LIABILITY COMPANY | Minimum 1 / Maximum 5 at the time of formation (only natural persons) | Between €3,000 and €120,000 |
Another ways for setting up a business in Castilla y León can be: opening a branch or representative office, to become self-employed, to start up a joint venture with Castilla y Leon companies, to make distribution agreements, to operate through a commission agent, to establish a franchise, etc.
Castilla y León offers a telematic setting up service for New Business Limited Liability Company in 48 hours and for Self- employed in 24 hours.
We are at your service at: inversiones.ade@jcyl.es
- VISAS AND WORK AUTORIZATIONS
Nationals from other EU Member States, the European Economic Area or Switzerland do not need an employee or self-employed work authorization.
Nationals from non-EU countries require authorization to live and work in Spain. There are several types of authorizations and work permissions.
| Type of Authorization |
| Visa and residence permit for investors |
| Visa and residence permit for entrepreneurs |
| Visa and residence permit for highly qualified professionals |
| Visa and residence permit for training, research, development and innovation activities. |
| Visa and residence permit for intra-company transfers |
Apart from the latter, the following administrative authorizations could apply:
| Authorization |
| Employed work and residence authorization |
| Self-employed work and residence authorization |
| Cross-border workers |
| Fixed- term employed work authorizations |
| Residence and work of highly qualified professionals in possession of an EU blue card |
Foreigners who have been legally resident in Spain on a continuous basis for five years may, having renewed their employed or self-employed work and residence authorizations, obtain a long duration residence authorization. Once they have this authorization, they must apply for a permanent identity card, renewable every five years.
Further Information can be found at: inversiones.ade@jcyl.es
- TAX SYSTEM
The Spanish tax system is modern and pro-business. The tax burden in Spain (measured as tax and social security contributions as a percentage of GDP) is almost seven points lower than the average ratio in neighboring countries (EU-28). It is based on Eurostat Report “Taxation Trends in the European Union 2015”
The main direct taxes applicable in Spain are:
- Corporate income tax
- Personal income tax
- Non-resident income tax
The main indirect taxes applicable in Spain are:
- Value added tax (VAT)
- Transfer and stamp tax
There are very interesting deductions on activities and investment in Research and Development. A company established in Spain has deductions and exemptions to avoid double taxation on dividends and capital gains obtained in Spain or abroad through subsidiaries or permanent establishments.
Expatriated personnel can choose for taxation in the general scheme or a tax on income of non-residents during the first 6 years and fixed at 24% in Spain. Spain has signed several Double Taxation Agreements decreasing rates of taxes to be applied at companies. For all these reason Spain and Castilla y León are positioned as a sure bet for investments.
Further Information at: inversiones.ade@jcyl.es