Have you ever thought about creating a company in Spain with cash handling services? If you don’t know what we are talking about, you are in luck: we are going to tell you exactly what this service consists of and why it may be what you need for your project. Truth is, it is a rather unknown concept, and that’s a shame because it is practical, functional, efficient and profitable. It can prevent you from worrying, and, above it all, it can help you avoid a lot of unnecessary travel. Visiting Spain is always a good idea… But spending your life going back and forth, “putting out fires”, is impractical and exhausting.
In this article we are going to tell you how you can create a company in Spain with cash handling services, by using a practical example and by emphasizing all the advantages that this type of operation has for your business. Are you ready? Let ‘s get started.
Creating a company in Spain with cash handling services
If you have decided to bring your business to Spain and take advantage of all the benefits that our country has to offer, it is time to get down to work. First tip: don’t miss our posts on how to set up a company in Spain, which will answer many of your questions and will be the best guide for you to get started. But you can also leave that information for later and find out first how to create a company in Spain with cash handling services. Why? Because it is one of the easiest ways to manage money in your business (collections, payments and taxation) without having to reside in our country.
Let’s see a practical example. Let’s imagine an entrepreneur who lives in Switzerland and has a business dedicated to market research. He wants to develop this activity in Spain, and for this purpose he has two fundamental things: a non-resident CIF number and a team of Spanish sales representatives, in this case two. What is their job? They are in charge of doing commercial prospecting in order to close deals with public or private entities; for example, to assess the possibility of selling machines to Spanish hospitals. So far, so clear: this is a perfect case of when it is appropriate to create a company in Spain with a cash handling service.
Cash handling: the solution to a complex problem
Our Swiss businessman friend is in a complicated situation. Although he has a non-resident CIF and can theoretically operate with it, he has no legal entity in Spain and is likely to encounter many obstacles. For example, when your company has to manage cash (pay social security to your employees, pay taxes, make purchase and sale operations, etc.), you need to have a current account in a bank located in Spanish territory. The Swiss entrepreneur decides to travel to Spain to meet with the banks… but, surprise! They are all reluctant to allow him to open such an account with a non-resident NIF.
The problem seems difficult to solve. Our businessman does not want to move to Spain, and other solutions, such as having a legal and fiscal representative (a very interesting option, you can see its advantages on this post), seem complicated. It is now when the possibility of creating a company in Spain with cash handling services appears, a simple and practical solution by all means. When he learns about the possibility, the logical question is: how do I do it? The answer is clear: through a business consultancy specialized in the creation of companies in Spain, which will overcome obstacles such as the language barrier and dealing with banks.
Preliminary steps and advantages: what you need to know
As you will see, setting up a company in Spain with cash handling services is a very interesting option. After seeking the advice (and help) of a consultancy in Spain, specialized professionals will carry out a preliminary analysis of the situation with an overview on how to manage VAT and IS (the Spanish corporate tax). In fact, that is precisely what cash handling services are for: to pay quarterly VAT, IS and social security for your employees. And, on the other hand, you will also be able to collect payments from your customers or pay payrolls. It is a simple and functional measure to avoid having to carry out complicated procedures that will probably require your presence in Spain, or that of your representative.
In LEIALTA we have a lot of experience in advising foreign entrepreneurs who, like you, have decided to invest in our country. If you are interested in creating a company in Spain with cash handling services, we put at your disposal our team of experts (bilingual in English) as soon as today to start working on the project. We will open the bank account and deposit the amount agreed with you, taking care of managing the payments and collections while keeping you informed of the transactions at all times.
And now, what do you think about creating a company in Spain with cash handling services? Does it fit your needs? Do not hesitate to contact us to clarify all your doubts, leave your comment!
