We provide a wide range of services supporting our customers' business.
CREATION AND ESTABLISHMENT OF COMPANIES
•••••••••CREATION AND ESTABLISHMENT OF COMPANIES••••••••••
In this sense, we take care of advising them when creating a new company or even if they want to establish a company already created in the investor’s country of origin in our territory.
Based on the economic activity to be carried out and the business model to be implemented, we will find the best option to successfully complete the investment and avoid possible problems in the future of these companies in terms of tax and legal matters.
We can offer you, if required, a previous market study regarding the activity you wish to develop.
Please do not hesitate to contact us for any queries or clarifications you may have.
Create a Business
If you are thinking of investing in the Canary Islands either by setting up a business or buying a property we will advise you on all the previous steps to follow and on the development of your business once it is legally established.
There are several tax and legal issues that must be taken into account before starting the procedures for a correct development of the business in the future. If you live abroad and want to set up a business in the Canary Islands, we offer you the possibility of using our offices as a provisional address for the company you want to set up until you find the necessary infrastructure to start up the business.
Inheritances
When receiving an inheritance in the Canary Islands / Spain, whether you are a tax resident or not, you must follow certain steps for the distribution, legal registration and payment of the inheritance taxes.
The deadline for submission of the documentation and payment of taxes is six months from the date of death of the relative or person who owns the assets you are going to receive. If it is not possible to file within this period of time, a deferral can be requested. Such a deferral must be requested at least two months before the end of the six-month period and must be properly argued for approval by the administration.
Failure to file and pay taxes within the legal deadline could result in penalties from the State Treasury or the Government of the Region in which the tax is due.
Depending on the tax status of the heirs (tax resident or non-resident), the region of Spain where the inheritance is to be received and other legal aspects different documents will have to be provided which we will help to obtain both in Spain and in the country of residence of the heirs.
There are tax reliefs that can be applied depending on the region of Spain where the Inheritance is presented or settled. That is why each case must be treated individually.
Holiday Homes License
Holiday homes have been booming in recent years as a new form of tourism in the Canary Islands. As a result it has become a source of extra income for those who own one or more properties in the Canary Islands
If you own a flat, villa or any other property that you only use on a few occasions throughout the year, you have the opportunity to convert it into a Holiday Home and earn income from the tourist exploitation of the property while you are not using it. In order to obtain the Holiday Home license and its legal registration, the property must comply with certain town planning and administrative requirements that we will help you to resolve. Once the license has been obtained we offer you our service to file the taxes derived from this activity depending on your tax situation based on whether you are a tax resident or not in the Islands.
Taxes
We advise you on the planning and filing of all types of taxes and formalities both at company and personal level.
1.- COMPANIES, SELF-EMPLOYED AND ASSOCIATIONS
– Creation and Registration of Companies and any kind of Associations.
– Registration of self-employed persons.
– Tax and business activities legal registration.
– Accounting and bookkeeping.
– Preparation and presentation of Quarterly and Annual Taxes.
– Processing of opening licences for businesses.
– … Other administrative and fiscal procedures necessary for the development of your business or association.
2.- ON A PERSONAL AND PROPERTY LEVEL
– Annual income tax.
– Taxes for non-residents in Spain (Quarterly and Annual).
– Wealth Tax. (Patrimonio Tax)
– Inheritance and donation of goods taxes.
– Property Transfer Tax.
– Local Taxes.
– Contracting water and electricity for your properties.
– … Other administrative procedures necessary for your personal and your property management.
If you need to carry out any of these procedures, do not hesitate to contact us and we will advise you on how to carry them out. Don’t forget that for us any procedure is important, no matter how small it may seem to you.
Non-resident taxes
If you own property or business in the Canary Islands you should be aware that you are subject to non-resident tax. There are taxes to be filed annually or quarterly depending on whether or not the property is subject to economic activity.
If the property is for own use only, an annual tax will be due based on the payment of a percentage calculated from the cadastral value of the property. In case the property is rented out, a tax is due every quarter based on the payment of a percentage of the difference between the rental income and the operating expenses of the property. Local taxes and services also have to be taken into account and are usually paid annually. Another annual tax is the wealth tax (Patrimonio Tax in Spanish). In this case only those persons are obliged to file it in the case they meet the requirements established by law and it would be better to study each case individually as it is subject to different tax rules and allowances depending on the Spanish Region where the property is located and other fiscal issues. This is a general overview and summary of the taxes for non-residents in the Canary Islands, please do not hesitate to contact us for more information. We will be pleased to advise you.
Other Administration Services
In this section we offer you the possibility of carrying out different procedures that are not directly related to taxes or obtaining permits or administrative licences. These include the following
Obtaining the NIE and/or the European Resident's Certificate.
Contracting and direct debiting of utilities such as water, electricity, etc.
Changes of ownership of property in homeowners' associations.
Changes in the domiciliation of local taxes.
Contracting and changes of home insurance policies.
and whatever you really need when settling in our islands.
to always be accurately informed.