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To achieve your company’s internationalization objective, together with our expert strategic partners, we are able to work in coordination with your parent company’s staff to define the information we require, the key dates, and the accounting and tax policies to be applied.
Before starting operations, it is important that you analyze whether your organization understands and is aware of the regulations and requirements you will need to comply with to avoid delaying your opening.
Rubicon & Partners offers you a turnkey service that, from a legal and administrative point of view, provides you with an infrastructure that will allow your company to dedicate itself exclusively to the development of a business plan.
With our advice, you will succeed in incorporating the legal entity, establishing the appropriate tax regime, producing accounting records, ensuring proper compliance with existing regulations and maximizing foreign trade benefits, among other aspects.
When a company decides to start operations in Europe, prior and timely advice is essential, because of the correct identification and choice of the best alternatives, as well as the type of company to be used, taking into account the particular characteristics of the investment and the objectives to be achieved.
Therefore, for a company to formally enter the market, it is necessary to first carry out the following activities:
Once the activities of the previous section have been carried out, our Legal area starts the second phase, that is, the incorporation process.
1. Requirements for the incorporation of a Limited Company
-Tax Identification Number for the company and the partners/administrators.
– Deed of incorporation before a Notary Public, which will contain the Articles of Incorporation.
2. Administrative Bodies
Also, if required, we can carry out all activities related to corporate governance: annual shareholders’ meetings, meetings where powers of attorney are granted or revoked, among others.
If a foreign investor wishes to venture into LATAM or Europe with a new business, it must align its tax strategies to global businesses, considering:
At Rubicon and Partners, we have International Tax professionals who offer a comprehensive service, which helps to analyze the expected tax effects in the country, as a consequence of different business models; and to provide alternatives for the efficient implementation of the same.
Once the company has been legally incorporated and the authority has granted it taxpayer registration, the following obligations must be fulfilled:
Prepare accounting records and financial statements, in the currency and rules of the country of destination.
Prepare monthly corporate tax returns (advance payment of corporate income tax, value added tax and withholding taxes).
Keep records of their operations in their respective legal books by type of operation, General Ledgers, Financial Statements Books, etc., according to the accounting rules of the country of destination.
At the moment of hiring its first employee, obtain the employer’s records, affiliation of its employees, elaborate the official payrolls respecting the local rules and report monthly employer’s contributions and withholdings made to the worker.
We provide services to national and international companies that have expatriate personnel, with the purpose of addressing the tax implications that could be faced by foreigners working in the Iberian Peninsula and Spanish or Portuguese who have migrated to another country.
The tax implications that may arise in a country depend on the analysis of the individual situation of the expatriate, which will determine his tax residence in Spain or Portugal or abroad, considering the local legislation and the existing treaties that avoid double taxation on Income Tax (if applicable).
Additionally, it will be defined if the expatriate has investments in Spain or abroad, in order to determine the tax treatment corresponding to its income, such as: leasing, dividends, interests, capital gains, as well as corporate stock plan.
Knowing the import and export schemes available is a fundamental part of successfully starting operations in the Iberian Peninsula or Latin America. This allows maximizing the use of the benefits and achieving compliance, in time and form, of all the regulations in customs and international trade matters.
Before a company starts foreign trade operations -or even before it is incorporated- it is necessary to design the customs structure of its organization, considering the tariff deferral or exemption programs and the different customs regimes compatible with its established objectives, among other elements.
Subsequently, once the company has been incorporated in the Iberian Peninsula or in any Latin American country, it is important to start the procedures for its registration in the Importers and Exporters Registry kept by the General Directorate of Customs, in order to obtain the permits and authorizations required for the import and/or export of goods.
Finally, before introducing goods into the national territory, the company must know the tariff classification of the goods, the tariff rates, the implications of the import and, if applicable, the application of any free trade agreement or program that allows obtaining a preferential benefit.
In Rubicon & Partners, through a specialized area, we can advise you, be your guide in any subject related to foreign trade and become a partner that will accompany you at any time: from your implementation process to your daily operation.
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