Hello, startups! Today we'll look at which flag to fly over your Spanish business: Autonomo, SL or SA.
Launching a startup in Spain is like surfing a wave of opportunity. But before you catch the wave, you need to choose the right board.
Autónomo |
It's like a longboard - simple and maneuverable. Ideal for freelancers and microbusinesses. You are your own captain, you manage your own finances and taxes. Imagine a Russian sole proprietor, only with a Spanish accent.
Pros:
Easy peasy: Registration takes a couple of days and is low cost.
Taxes: You can choose a simplified taxation system (RETA) with fixed payments (from €294 per month in 2024).
Flexibility: Maximum flexibility, you are your CEO, CFO, and Head of Everything.
Cons:
Liability: Fully liable for debts with all your property.
Scaling: Not good for attracting investment and rapid growth.
Branding: Not always taken seriously by large clients and partners.
SL (Sociedad Limitada) |
It's like a speedboat - dynamic and powerful. Suitable for small and medium-sized businesses ready to grow. The "golden mean" for most start-ups. Reminiscent of a Russian LLC.
Pros:
Limited liability: You only risk the authorized capital (minimum €3000 in 2024).
Fundraising friendly: Convenient form for raising investments and working with venture capital funds.
Image: Gives more credibility to partners and clients.
Minuses:
More complicated registration: The process takes longer and requires the help of a lawyer (gestor).
Accounting: More complex accounting and reporting system.
Taxes: Income tax (Impuesto sobre Sociedades) - 25% (in 2024).
SA (Sociedad Anónima) |
It is like a yacht - prestigious and expensive. It is ideal for a large business planning an IPO,
Pros:
Prestige: Maximum level of trust from investors and partners.
Access to capital: Easier to attract large investments and go public.
Minuses:
High setup costs: Share capital - minimum €60,101.21 (in 2024).
Complex structure: Requires a board of directors and other governance bodies.
Maximum bureaucracy: Lots of paperwork and strict reporting requirements.
So which option should you choose?
It all depends on your goals, scope, and risk appetite.
Solopreneur, freelancer? → Autonomo
A small business with ambition? → SL
A major player aiming for an IPO? → SA
Lifehack: Don't hesitate to consult with lawyers and tax advisors. They will help you choose the best form of business and avoid pitfalls 🚀
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