Are you thinking of moving and working as a freelance in Spain? Don’t think about it anymore and make it happen! In this guide we explain the benefits of being self-employed in Spain compared to other countries, what the self-employed fee is, what taxes you have to pay, as well as other information to take into account before starting your new adventure.
Keep reading to learn step by step how to be self-employed in Spain as a foreigner.
Advantages of being self-employed in Spain compared to other countries
As in any type of job, there are advantages and disadvantages of being a freelance but in this case, we are going to focus on the benefits of being self-employed in Spain. When paying Social Security you will receive the following coverage:
Health care through the National Health System.
Coverage in case of work accident.
Unemployment coverage for up to 2 years (24 months) when you have to stop your business due to at least 10% less income, increased losses, bankruptcy and various other reasons, with Database a maximum coverage of 2 years (24 months).
Access to retirement benefits.
Maternity or paternity leave, illness or work accident.
Common sick leave (not work related).
In the event that you do not have income for a period of time, you can pause your activity as a freelancer and in this way you will not have to pay social security taxes.
The billing and accounting process is relatively simple. You can do it yourself or outsource the services to a third party to do it for you. Depending on the billing volume, the price of the services varies but you can calculate between €50 and €100 per month.
Organize your money in subaccounts and set savings goals, in addition to protecting it.
Discover how to save with subaccounts
Different N26 spaces to save money.
Share of self-employed in Spain
First of all, what is the self-employed fee? This is a monthly amount that self-employed workers have to pay to Social Security as contributions. It is called a fee because it is an Sale Lead amount with a fixed amount that is paid each month. Thanks to this contribution you will be able to enjoy the advantages mentioned above, such as public health insurance, unemployment coverage or sick leave, among others.
All those who register in the Special Regime for Self-Employed Workers ( RETA ) will have to pay it. In this article we explain what the self-employed quota is in detail.