Auxadi Spain
Spain is one of the world’s great economic powers. With its impressive and expansive history, close links to Latin America, and relatively low labour costs, Spain has the enviable position of being a stepping-stone to Latin America and (in the other direction) an excellent first base for European operations.
According to the World Investment Report, Spain is the fifth largest economy in the European Union and the sixth largest receiver of Foreign Direct Investment (FDI) globally. The attraction for foreign investors lies not only in its dynamic internal market, but also in the possibility of operating in third markets from within. It has a privileged geostrategic position within the EU, allowing access to a market of +1.9 billion potential clients in EMEA.
Spain’s FDI attractiveness also comes from its restructured financial sector, continually strong tourist market, its highly efficient transport network, its active development of renewable energies, and its cultural proximity to Latin America. The countries’ main economic areas are manufacturing, energy, construction and transport and storage.
Tax Treaties are in place with around 100 major countries, including USA, UK, the EU, China, Japan, and most of LATAM and Central America. This extensive network of agreements facilitates the repatriation of profits and gives Spain the privileged status as a holding centre for investments abroad, particularly for LATAM and the USA.
Spain
Spain is one of the world’s great economic powers. With its impressive and expansive history, close links to Latin America, and relatively low labour costs, Spain has the enviable position of being a stepping-stone to Latin America and (in the other direction) an excellent first base for European operations.
According to the World Investment Report, Spain is the fifth largest economy in the European Union and the sixth largest receiver of Foreign Direct Investment (FDI) globally. The attraction for foreign investors lies not only in its dynamic internal market, but also in the possibility of operating in third markets from within. It has a privileged geostrategic position within the EU, allowing access to a market of +1.9 billion potential clients in EMEA.
Spain’s FDI attractiveness also comes from its restructured financial sector, continually strong tourist market, its highly efficient transport network, its active development of renewable energies, and its cultural proximity to Latin America. The countries’ main economic areas are manufacturing, energy, construction and transport and storage.
Tax Treaties are in place with around 100 major countries, including USA, UK, the EU, China, Japan, and most of LATAM and Central America. This extensive network of agreements facilitates the repatriation of profits and gives Spain the privileged status as a holding centre for investments abroad, particularly for LATAM and the USA.
Why Auxadi is trusted as an expert outsourcing provider in Spain
Auxadi is your ideal partner in Spain to support you with your global expansion and investments. From our Head Office in Madrid, we offer a complete and complementary range of outsourced services, all aligned to help make life easier for our clients.
In Spain, the estimated time to set up a company is 13 days and there are no restrictions for making foreign investments in strategic sectors. We have the local knowledge on the ground to assist you with expanding your operations overseas and setting up shop in this popular market.
Through a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you grow your business.
Our services in Spain include:
International Accounting, Tax, Payroll, Transfer Pricing and Corporate Legal Services in 50 countries
Services
At Auxadi, we are proud to offer a comprehensive range of professional services, such as accounting, tax, payroll, transfer pricing and Corporate Legal Services to over 1,300 clients. In addition to these core services, we also provide a range of key services for multinationals and funds. Our MySPV platform and local experts enable us to provide comprehensive financial management services, acting as an extension of your finance department.
Our services in Spain
Tax Specialists
Spain is a founder member of the OECD and has many double taxation agreements in place. The general tax rate for Spanish Corporation Tax is 25% with a minimum rate of 15% for newly created companies.
Changing tax regimes are often more challenging than any other component of international business, and in Spain the double taxation conventions in place take precedence over the domestic law – making compliance even more important.
We’re experts in international taxation and can help you to comply with the various tax requirements in Spain. Let our expert tax team in Spain take care of intricate local taxation rules, using our purpose-built automation technology, so you and your operations remain tax compliant.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Accounting Specialists
The Spanish Accounting Regulations (SPGAAP) are similar in many aspects to IFRS and are diligent about complying with accounting obligations. Non-compliance could result in liability such as administrative offences, tax violations, tax offences and/or criminal offences. Keeping on top of the specific Spanish accounting regimes and integrating multicountry and multicurrency accounting can be a cumbersome, time-consuming, and often manual process (making it prone to error).
We help global corporations and fund managers with all their corporate accounting requirements. Using our bespoke and best-in-class technology platform, MySPV, you can have full and real time access and control of your accounting data, across multiple countries and multiple currencies.
Our accounting experts in Spain can help manage:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Payroll Specialists
The Spanish labour market is highly regulated with many different contract categories to consider. It’s the responsibility of your company to establish the opening of contribution accounts, hiring, terminations, and any other pertinent variables regarding your workers. Companies must also submit contributions to the appropriate authorities within established deadlines.
Payroll requirements can be a minefield of regional tax codes, employment laws, benefits, bonuses and social security requirements dictated at multiple levels.
Our experienced and knowledgeable team of payroll specialists in Spain will use our unique payroll technology platform to manage your payroll function. You’ll have permissions control for reviews and approvals, automated processes, and coherent, homogenised data that can be easily consolidated across your global business.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Auxadi in Spain
C/ Nanclares de Oca, 1-B
28022 MADRID – ESPAÑA
Tel: + 34 91 562 51 52
Through our HeadQuarter and our International Desk in Spain, we support our clients by becoming an international extension of their accounting departments. Count on our professional and extensive experience in the Spanish market, for your investments in Spain and elsewhere in Europe, the United States and Latin America.