There are other options open to you, not just the 'sl' company way which is like having a limited company in the Uk. It has much more sunbstantial public liabity insurances etc and higher start up costs mainly due to this. Many businesses do not have to go that route.
It is possible to work autonomo, private trader. you pay the autonomo as you would most countries national insurance that covers medical stuff etc.
With Gibraltar being so close to this region it is also possible to have an offshore business that is basically tax free over there also. It depends on the type of business/industry you are in whether to go this route but for small traders a definate option. For other bsuiness, like some of mine over the years the rules are different for outside companies and it makes sense to be here for different benefits.
Another option that I also utilise and isnt mentioned all that much for some reason is a 'c.b' business which is basically a private company. this is more than adequate for many start ups and small businesses. This costs I believe from memory about 180 euros, a one off or yearly fee.
In all situations you need an accountant , they average on price around 140 euros per month and are usually paid each 3 months.
You have to be paying autonomo in some way unless you are an investor and not actually 'working' in all cases, either through a company wage or alongside the options above. That costa bout 240 euros per month. That is a heart breaker for many start ups but the amount stays fixed no matter your earnings.
"information not legal or binding. just from memory" :-)
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