Find FinancingĪdequate business financing is key to any business, so don’t discount any option just yet, including the following: The local Chambers of Commerce in Spain ( Cámaras de Comercio) offer free business plan advice and support for entrepreneurs. On the other hand, if you plan on looking for a combination of Spanish and international investors, you should have both a Spanish and English version of your business plan available for everyone involved. If you plan on looking for Spanish financing or investors, your business plan needs to be in Spanish. However, there are two additional things that you should keep in mind in Spain: Any good start-up business book should contain a chapter outlining the essential elements of a good business plan, but here is one such outline of a business plan’s elements (in English). Whether to attract investors or create a road map for growth, every business needs a business plan. Limited Partnership ( Sociedad Comanditaria).General Partnership ( Sociedad Colectiva).Worker-Owned Company ( Sociedad Laboral).New Enterprise Limited Company ( Sociedad Limitada Nueva Empresa).Limited Liability Company ( Sociedad de Responsabilidad Limitada, S.R.L., or S.L.).Public Limited Company, or Corporation ( Sociedad Anónima or S.A.).Jointly Owned Company ( Comunidad de Bienes or C.B.).Sole Trader or Sole Proprietor ( Empresario Individual or Autónomo).The legal business structures in Spain are (links take you to the relevant bit on our Companies in Spain: The Types of Business Entities for Companies in Spain page): Choosing the right one is important to accommodate your business-to-be’s present and future goals. Spain offers several legal business structures, also known as business entities, to suit a variety of needs, each one with a different set of legal and fiscal responsibilities. See Companies in Spain: The Types of Business Entities for Companies in Spain for more information on sociedades.) 2. In Spain, sociedad businesses can have a brand or commercial name different from their official business name. Business name registration is optional and is handled by the Spanish Patent and Trademark Office ( Oficina Española de Patentes y Marcas). You can choose to register your business name, which in theory gives the nameholder the exclusive right to use that name for commercial purposes. Choose a name for your business (and register it).Ī good business name is your business’ first asset in Spain. Start a Business in Spain: the Six Essential Steps I encourage you to make friends with these professionals early in the start-up process. Note that the information contained here in “Start a Business in Spain” is just a guide and should not replace the professional advice of a lawyer, gestor, business consultant, accountant and/or financial advisor. These are the pillars of a successful business in Spain. speak fluent Spanish, or have a business partner who speaks fluent Spanish.ideally have previous experience in your intended industry.
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