Starting a Business in Spain

Submitted by admin on Tue, 27/03/2018 - 09:00

Despite uncertainties over Brexit, increased numbers of British citizens opted to buy a Spanish property at the end of 2017 and relocated to places like the Costa del Sol to start their own business. At the time of writing it is not clear what the outcome of current negotiations between the EU and the UK government will be, so it is anyone's guess what impact this will have on British expats setting up in business in Spain. It is widely believed that the Golden Visa, which currently covers non-EU citizens who wish to obtain a residency permit in Spain, may then also cover UK citizens, as they will now be classed as "third country" individuals. The Golden Visa is generally speaking given to people who invest more than EUR 600,000 in either a Spanish property or a Spanish business.