What Do We Need To Know To Start The Business?

The most basic information is the country where we want to start the business, and from there to know what type of taxation and taxation of benefits we should take into account. Also, depending on one country or another, the requirements with the administration will be different since each one has its own rules regarding licenses and opening permits. We will also have to think if what we want is to set up the company outside or to assemble and manage it from Spain but to operate outside the country.

It will be essential to know the language of the country and the socio-economic and cultural context well. If we do not have all the useful information, it will be beneficial for us to hire a local agent to help us or help us with some procedures.

It will not be the same either to undertake in a member country of the European Union as in a country that is not. In these cases:

European Union: there is freedom to provide services and labor movements among the member states. Among the advantages, it stands out the fact that there are standard policies so that the steps to start a company are similar among member countries or as much as possible. They also provide facilities when carrying out procedures: the one-stop shop helps to know the resources and services available for entrepreneurs.

For young entrepreneurs, there are exchange programs to improve skills and learn from people with long experience in the sector.

Outside the European Union: when you want to start outside the European Union, then we must know that each country has its legislation. There is an international body that regulates it, the WTO (World Trade Organization), and is responsible for promoting international trade. UNWTO treaties are signed by 159 countries, including the European Union.

Tips to consider

There are many business opportunities, knowing them can help us a lot to make our business succeed. Some sectors are emerging, and that betting on them can give us good results, while with some the opposite happens and betting on them will provide us with perhaps more problems and more sacrifices.

Make yourself with a calendar of international fairs and congresses in your sector. They exist in many countries and are ideal for making contacts and knowing the latest advances in our field. We can also get in touch with suppliers of services and material resources that will come to us when we have the business in progress or while we are setting up.

Any questions regarding tariffs, imports, customs, and taxes, can be consulted in the Economic and Commercial Offices that exist in the Embassies of Spain that are scattered around the world. There you can inform and advise on all these issues so that there is no further problem. They can also tell you about possible incentives when investing in a particular country or a specific sector.

Finally, think that it is exciting to look for local partners. They know the country better than anyone and can help us get more to the client, as well as solve problems generated by the socioeconomic and cultural context of the country. Putting local partners in the business will also help you fit better in the new state and not be completely unknown.

In the web page that we have quoted above, you will find more advice and a list of webs of interest that can go very well.