Welex, your office of economists and Tax Advisors in Marbella is pleased to write a few lines about what is understood as a property company in Spain and those that are considered to carry out an economic activity.
We also remind the tax rates and exemptions from corporation tax in Spain.
When does a company in Spain have an economic activity?
A Spanish company will have an economic activity when there is self-organisation of the means of production and human resources or one of both with the aim of producing or distributing goods or services.
In the case of rental of real estate, economic activity will also exist when are used the services of a person employed under a general and full-time employment contract.