Expat Forum For Expats, For Moving Overseas And For Jobs Abroad Get A Moving Quote

Go Back   Expat Forum For Expats, For Moving Overseas And For Jobs Abroad > Expat Forums by Country > Spain Expat Forum for Expats Living in Spain
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read
Terms & Conditions Acceptable Use Policy Take Down Policy Privacy Policy Contact Us

Spain Expat Forum for Expats Living in Spain The Spain Expats forum is a dedicated community of people that have moved to Spain. This is the place for Expats to meet and discuss anything including the Spanish way of life, working in Spain, food and property in Spain.

Living and working in Spain with UK Ltd company

Reply
 
Thread Tools
  #1 (permalink)  
Old 9th May 2007, 12:34 PM
laurayadam laurayadam is offline
Expat Newbie
 
Join Date: May 2007
Posts: 2
Rep Power: 0
laurayadam is on a distinguished road
Default Living and working in Spain with UK Ltd company

I have a small internet based UK registered Ltd company and I am considering moving to Spain to live in the flat I own there and wish to sell myself. I wonder if anyone could advise me on some tax issues?
I do not want to have to pay for an accountant in Spain as well as my accountant in the UK and I do not want to set up a Spanish version of my company because I have heard it is a much more costly and complicated venture than setting up a UK company?
1.Can I earn money from my company and pay it into my UK business account whilst living in Spain? If I draw from this whilst living in Spain I presume that I will have to pay UK tax and Spanish tax on it? And require a Spanish accountant to do my books?
2.Or could I leave my company in the UK and stop trading with it and go to live and work in Spain for a different Spanish company. This would be while I sell my Spanish flat before moving back to the UK to resume trading with my company after aproximately 6 months.
Any advice would be greatly appreciated.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
  #2 (permalink)  
Old 18th May 2007, 02:44 PM
Wanna-B-Expat Wanna-B-Expat is offline
Active Expat
 
Join Date: May 2007
Location: Shropshire
Posts: 22
Rep Power: 0
Wanna-B-Expat is on a distinguished road
Default

I would be interested in finding out about this as well.

Also what if I decide to rent my house out in the UK. I assume I would pay tax on the rent recieved under UK law and not Spanish taxes on top of that.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 21st June 2007, 04:51 PM
Destination Spain Destination Spain is offline
Active Expat
 
Join Date: Jun 2007
Location: Villaricos, Almeria, Andalucia
Posts: 30
Rep Power: 0
Destination Spain is on a distinguished road
Default

Hi all,

You will have to pay taxes in your country of residence. You can choose where you pay. Best ask a good Gestor/Accountant or look on the ukinspain website for more info.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 17th August 2007, 01:55 PM
Jillio Jillio is offline
Expat Newbie
 
Join Date: Aug 2007
Posts: 1
Rep Power: 0
Jillio is on a distinguished road
Default

Good luck with this. We are US citizens moving to Andalucia as my huband has a job in Gib for 3 years. We have been working with professionals and still cannot come up with a clear answer. Seems like you are required to pay Spanish tax ratcheting in levels up to 40% then employ the reciprocal agreement when filing tax in your country of origin to ensure there is no duplicate tax. Problem is as we see it is not the duplicate tax but rather the higher tax rate in Spain without chance of deductions we enjoy in the state through property ownership and such. Seems like alot of people choose to "fly under the radar" in Spain which is a risk in itself.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 17th August 2007, 09:59 PM
Stravinsky's Avatar
Stravinsky Stravinsky is offline
Moderator
 
Join Date: Aug 2007
Location: Oliva, Spain
Posts: 1,767
Rep Power: 189
Stravinsky will become famous soon enoughStravinsky will become famous soon enough
Default

Quote:
Originally Posted by Destination Spain View Post
Hi all,
You will have to pay taxes in your country of residence. You can choose where you pay. Best ask a good Gestor/Accountant or look on the ukinspain website for more info.

You can't actually choose where you pay. If you live in Spain for more than 180 days then you are considered a Spanish resident and therefore you may your taxes in Spain. You must de register for taxes in the UK to avoid double taxation, although you can claim back any double tax paid.

Its true to say that taxes in Spain can be higher than the UK..... the price of the sun I guess
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 15th September 2007, 04:39 PM
Goldberg Goldberg is offline
Senior Expat
 
Join Date: May 2007
Location: Spain
Posts: 135
Rep Power: 28
Goldberg will become famous soon enough
Default

Stravinsky is right, if you live in Spain more than 180 days a year you are considered resident for tax purposes, even for example if you had a company in the caymans, you would still have to pay tax on your worldwide income to spain.

Non residents still have to pay 25% tax on all income generated in spain. eg. on your property rentals.

Spain is part of europe, and there are double taxation treaties.

Americans get a bum deal around the world as they always have to pay uncle Sam. ie. the government where ever they live, I guess that is why they can afford to keep bombing and terrorising Iraq.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 28th September 2007, 08:53 AM
Goldberg Goldberg is offline
Senior Expat
 
Join Date: May 2007
Location: Spain
Posts: 135
Rep Power: 28
Goldberg will become famous soon enough
Default

This is a good thread and needs to be further contributed too, as many people are thinking the same thing. setting up businesses abroad. Please further contributions.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #8 (permalink)  
Old 28th September 2007, 07:43 PM
hayleymorgan hayleymorgan is offline
Active Expat
 
Join Date: Sep 2007
Posts: 25
Rep Power: 0
hayleymorgan is on a distinguished road
Default Homeworking In Spain - Would It Work?

Hi,

I work for a HomeWorking Network in the UK. We take order entry calls and customer service calls for large global, blue chips companies for the comfort of our own homes, no commuting, great flexibility, and good money.

I used to work abroad for one of the major tour operators, and always said that I would like to return to live in Spain.

I have recently speaking to my MD, about taking our company to spain to open up opportunities there. Do you think that British people would be interested in working for a UK company, working from thier own apartments or villas????

I think it would be a great solution to the sometimes difficult job situation in Spain. All that is needed is a dedicated landline and broadband connection.

Please let me know your thoughts, it really is something that I feel would work well, but you are there and I'm here, so your comments would be appreciated.

Hayley
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 28th September 2007, 07:46 PM
hayleymorgan hayleymorgan is offline
Active Expat
 
Join Date: Sep 2007
Posts: 25
Rep Power: 0
hayleymorgan is on a distinguished road
Exclamation Saw This Posted Somewhere Else - Maybe Interesting To You

THIS WAS POSTED SOMEWHERE ELSE BUT MAYBE OF INTEREST.

I am new to this forum and found it very interesting, specially this thread.
We are planning to move to Spain in 2007. I have been having discussions with my employer to allow me to work remotely from Spain as I am home based in the UK and all I need is a broadband connection. I just came back from Spain and researched the issue thoroughly with my Spanish solicitor. If you work for a UK company, you will, be paying UK taxes. You will not be a Spanish resident even if you leave there more than 6 months in a year. You will not need to fill any tax returns because the taxation agreement between the Inland Revenue and the Hacienda. There is no need to pay Seguridad Social (NI) in Spain because you are paying in the UK. Providing you have the new European Health Card, you will be covered if you fall ill.
I am not sure how all this will apply if your employer does not know that you are base in Spain. I would be careful if I was you as leaving the country and working from abroad may constitute a bridge of your employment contract and you might end up in Spain without a job!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #10 (permalink)  
Old 28th September 2007, 08:18 PM
Goldberg Goldberg is offline
Senior Expat
 
Join Date: May 2007
Location: Spain
Posts: 135
Rep Power: 28
Goldberg will become famous soon enough
Default

Hayley morgan, if you live or stay in spain more than 183 days a year, and you are working you have to pay Spanish taxes.

Speak to Dr Crespo & Partners - International Lawyers, SRL he will tell you the truth, no bull. He can help. thanks dc.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.
Latest Active Threads

Some other areas of the site you might find useful
Shop at The Expat Store | Expats Guide to Moving Overseas | Expats Guide to Buying Property Abroard | Guides to Working Abroad | Retiring Overseas Guides | Moving Overseas Guides | Expat Country Guides | Expat Property Guides | Cost of Living | Health Care Guides | Overseas Property For Sale | New York Forum


All times are GMT. The time now is 06:32 PM.


Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.0.0