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In
the meantime we will introduce you to an English speaking Gestor
(the Spanish equivalent to an Accountant) who will assist you
with all the necessary documentation connected with the purchase
of the business and your move to Mallorca. This will include making
applications on your behalf for the following legal requirements:
NIE
NUMBER -This is a personal identification number and is issued
to all residents of Spain. It is vital that you have applied for
this number, as you cannot trade your business legally without
it.
FISCAL
LICENCE & SOCIAL SECURITY REGISTRATION - A licence which relates
to any taxable activity for your business. Once applied for, both
you and your family are entered into the Spanish equivalent of
the social security system and are therefore entitled to healthcare
and pension rights.
OPENING
LICENCE - Every business premises must have this licence from
the local authority giving it permission to trade. The Gestor
will ensure that the current licence for the business premises
is transferred.
IAE
TAX OFFICE REGISTRATION - Every kind of business, trade or profession
has a category and a yearly fee is payable as well as income tax,
which is usually paid on account every quarter.
IVA
REGISTRATION - Spanish equivalent to VAT registration. There is
no threshold for registration as in the UK but the rate is lower.
APPLICATION
FOR RESIDENCY - Although the residency can take up to a year to
process once applied for you are totally legal to live on Mallorca
and to own and run a business.
APPLICATION
FOR NATIONAL HEALTH SERVICE - Allows you and your family to visit
an appointed doctor similar to the UK.
MEDICAL
CERTIFICATE - A brief medical to ensure that you are good health.
CONSULAR
INSCRIPTION CERTIFICATE - All British residents are advised to
register with the British Consulate if they are to stay in Spain
on a permanent basis.
FOOD
HANDLERS LICENCE - Anybody involved in the handling or preparation
of food must undertake a simple examination and seminar. The proceedings
are in Spanish and therefore unless you are already fluent you
must have an interpreter to assist you, we can arrange this service.
Although
all of the above applications appear to be complicated and extremely
daunting, your Gestor will handle all of the paperwork for you.
All you have to do once you have had initial contact with your
Gestor is to take all your paperwork to him on a quarterly basis,
sign occasional documents, and he will take care of everything
else, leaving you free to devote your time to running your business
and enjoying life on Mallorca.
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