OCT 2010 - SORRY, QUESTIONS TO THIS EXPERT ARE NOW CLOSED.
Have you any financial queries?
Email David Cook, an accountant who runs the business, Spain Accounting and has years of experience working in this country. He is available throughout the month of July and is more than happy to answer any questions you might have.
Just email: firstname.lastname@example.org
Question 1 - I have a UK registered company that currently trades only in the UK. I would like to set up an office in Barcelona and start working with the Spanish market. Would I have to also set up as a Spanish company? Is there a way to operate legally through the UK one?
Thanks very much, Paul Scott
There's no obligation to set up a limited company to trade in Spain and you could operate through a branch or representative office of the UK company. However, I would warn that these are not much simpler or cheaper to set up and operate than a normal company. By far the simplest and cheapest option would be for you or your representative here to set up as a freelance 'automono' and work directly for the UK company.
Question 2 - Hi, great idea! I hope you can help me with a couple of questions. I am a writer and occasional translator and am a registered autonomo. My work as a writer is exempt from IVA, but every now and again I invoice for translating with IVA. Does this mean that I have to file IVA every trimester, or just those trimesters that I have charged iVA? Also, i will be going away for 4 months. Is it correct that I don't need to pay the autonomo fee as I won't be working or invoicing.
Thanks' Gail D.
If you have two trading activities you need to register them both for tax purposes. In this case, as the translating work is subject to IVA, you would be required to file the usual IVA returns (quarterly and annual) even when there was nothing to declare. Failure to do so will eventually result in a fine for a late filing. To avoid this obligation there is no alternative than to unregister as a translator.
Question 3 - Hi, I'm an English student who has just moved here to do an (unpaid) work placement for the "year abroad" part of my languages degree. I have just found a shared flat and the way we will pay rent and bills is putting our money into a joint account (which the people that live there have already created). Do you think it is worth me trying to get a Spanish bank account to make large cash transactions, such as paying rent, easier? How easy is it for a foreigner to create an account, and how would I go about this? Thanks for your help!
Thanks, Natalie S
Opening a bank account here is relatively simple. Basically you need proof of identity with a passport and if you have an NIE (ID number), even better. Whether you need an account is personal choice but if you decide to go ahead I would recommend the Caixa Pensions who have branches everywhere and give good service. By the way, I would mention that the use of cheques in Spain is virtually unknown and most transactions are by bank transfer or direct debit.
Question 4 - I taught English for several years in Barcelona for various different academies and my contracts (if they existed) were always for 9 months. Now I'm working in a temporary job covering with a contract that will last for about 6 months. What will be my chances of claiming unemployment benefit when this job finishes? Will all those years of teaching English count?
Hope you can help, Kate Murray
The right to claim unemployment benefit depends on (1) The reasons for termination of the work contract and (2) The social security payments made by the employee. From what data you have provided I would assess the possibility to the able to claim to be remote but you'd need to speak to someone at a S.S Office to clarify the situation.
David Cook - Spain Accounting (email@example.com)