PPP2
LIFES A PITCH
FINANCE AND COSTING
We decided that we would operate as a private limited company (limited by shares) but then realised that operating in spain may mean different business models, through research we found that it didn't make a difference.
- Sole Trader/Sole Proprietor (Empresario Individual or Autónomo)
- Partnership (Sociedad Civil)
- Limited Liability Company (Sociedad Limitada/SL or Sociedad de Responsabilidad Limitada/SRL)
- Public Limited Company (Sociedad Anonima /SA)
- New Enterprise Limited Company (Sociedad Limitada Nueva Empresa/SLNE)
- Co-ownership (Comunidad de Bienes/CB)
The standard Spanish Private Limited Company is the SL, the Sociedad Limitada and is very similar to the private limited company in other EU countries. The formation procedure normally takes two weeks and as an alternative; we can supply you with a ready made company. An SL company requires a registered office, this will initially be in Madrid, but is easily changed if required.
Incorporating a Sociedad Limitada (SL)
The formation procedures of a company is as follow:
Company Name
We apply for a company name certificate from the Mercantile Register, confirming that your company name is acceptable and not already registered. This certificate for company name clearance is important as it is given to the notary, and a copy is also given to your bankers and the tax authorities.
Share Capital
The share capital is €3000 and the shares can be issued for cash or through a donation of assets.
There is no public register of shareholders of a Spanish company, whilst the initial shareholders are stated in the deed of incorporation, any subsequent changes of shareholders are by a notarial deed, which is not filed at the Mercantile Register.
The shares of a Spanish limited company can be transferred at any time and are sold through signing an agreement in front of a Notary.
Registered Office
All Spanish SL's must have a registered office. You must select a Spanish registered office for your corporation.
VAT Number
All Spanish companies have a VAT number when they are incorporated, so your company can trade immediately.
This VAT number is not on the VIES register, we can apply for registration on the VIES register, this normally takes up to 2 months.
This VAT number is not on the VIES register, we can apply for registration on the VIES register, this normally takes up to 2 months.
- What are your costs, charges and financial considerations?
https://www.google.co.uk/search?q=offices+in+barcelona&oq=offices+in+barcelona&aqs=chrome..69i57j0l3.5818j0&sourceid=chrome&ie=UTF-8#q=offices+to+rent+near+plaza+catalunya+barcelona&safe=off
http://www.instant-offices.es/centros-de-negocios/barcelona.aspx?source=googleuk21global&gclid=ck6g4bottb0cfzdktaodwd0atg
http://www.matchoffice.com/office/spain/catalonia/barcelona/?gclid=CMmfrLSTtb0CFQ_HtAodzzUA4w
http://www.transartists.org/studio-spaces
- http://www.homesession.org/EN/01_philosophy/candidResid.php
http://www.salaryexplorer.com/salary-survey.php?job=54&jobtype=3&loctype=1&loc=203
Average and Median Monthly Salary Comparison in Spain in Graphic Designer
| Maximum: 6,000 EUR |
| Average: 1,933 EUR |
| Median: 1,300 EUR |
| Minimum: 1,100 EUR |
Graphic Designer VS Advertising / Grapic Design / Event Management VS All Jobs
| Average Salary in Spain in Graphic Designer | 1,933 EUR |
| Average Salary in Spain in Advertising / Grapic Design / Event Management | 2,420 EUR |
| Average Salary in Spain (all jobs) | 2,639 EUR |
- START UP COSTS -
- 3000 euros for share capital.
- start up costs - software licences - 3000 euros
- basic office supplies - 500 euros
- website domain - 200 euros
- initial travel - 2000 euros
- business costs - 20,000 euros
- each member invests 2,500 euros = 15, 000
- santander (loan step up) - 15,000 - bank loan
............................................................................................
TOTAL - (28,700) rounded to 30,000 euros
- MONTHLY COSTS -
- 60 euros per head per week = 60 x 6 = 360 euros shopping expensies x 4 weeks = 1440 euros - 240 pp
- 60-80 euros per head per week = (avg.) 70 x 6 = 420 euros living expenses = 1680 euros - 320 pp
- 300 euros per head per week = 300 x 6 = 1800 x 4 weeks = 7200 euros.
- all have mac computers.
- someone has a printer
- monthly rent costs (including utility and internet costs) - 1600 euros / 6 = 266 pp
- monthly insurances per head per month - approx 300 euros x 6 = 1800 euros - 300 pp
- travel per head per month - 150 euros x 6 = 900 euros - 150 pp
- business costs (external printing, other design costs, other materials, stock) - 1000 euros per month - 166 pp
............................................................................................
- TOTAL ANNUAL COSTS = (8,420 rounded to) 8500 euros per month
1416 per person
x 12 = 102,000
+ (7200 x 12 =) 86, 000
= 188, 400 euros
............................................................................................
- MONTHLY WAGES -
188,400 / 12 = 15, 500 / 6 = 2,500 euros per month
2,500 / 4 weeks = 625 euros per week
625 / (7 hr day x 5 days =) 35 = 17.8 rounded =
18 euros per hour
+10% comission (if job completed before
deadline)
- PAY/CHARGES -
wages - 60 + 80 = 140 pppw (living/food)
x 4 = 560 pppm
x 12 = 6,720 pppy
300 pppw (leisure)
x 4 = 1,200 pppm
x 12 = 14, 400 pppy
14,400 + 6,720 = 21, 120 euros
rounded = 22, 000 euros
charges -
by hour (if job shorter than 5 working days) =
18 euros per hour
by week (if job shorter than 1 month) =
(approx.) 1000 per week
above 1 month =
negotiated prior to job
- PROJECTIONS -
to break even -
188 week long jobs
(approx.) 47 month long jobs (avg. 4000 euro pm)
(approx.) 13 quarter yr long jobs (avg. 15,000 pm)
3000 share capital
27,000 start up costs
..........................................
30,000 total start up funding
8,500 total monthly costs (6 persons)
102,000 total annual costs
.........................................
11.50 per hour
(10% speed commission)
according to economy minister spainish econ to expand by 1.5 percent in 2014/15 - figure increased from 1.0 this year alone.
moodys/standard n poors rating raised outlook of sp econ to stable from negative - improvement.
now is the time to establish business
santander, reports financial times, plans to write 30 bn euros to small and medium size businesses.
No comments:
Post a Comment