Being an entrepreneur and starting your own business can be problematic when you don't have funding. Currently being self-employed in Spain is not easy at all, one of the main drawbacks is getting funding to start projects. In the case of SMEs that are growing, they may encounter an economic obstacle that prevents them from making competitive improvements and expanding nationally and internationally.
The continuous tax payments that both the self-employed and SMEs must face represent the biggest problem. Currently, entrepreneurs must face two types of taxes, VAT and personal income tax. VAT must be paid to the Treasury every 3 months and is calculated based on the difference between the VAT of each invoice collected minus the VAT of each invoice received.Being an entrepreneur and starting your own business can be problematic when you don't have funding. Currently being self-employed in Spain is not easy at all, one of the main drawbacks is getting ... Click To Tweet
Regarding personal income tax, it is a tax to be paid also quarterly based on the benefits obtained and it is usually 21%. In addition to the aforementioned taxes, the self-employed must also assume the payment of Social Security, which thanks to the recent update of the Law on Urgent Self-Employment Reforms, the cost of this is reduced to a flat rate of € 50 per month the first year .
Likewise, we must not forget the expenses that the business itself entails, such as the expenses of renting the premises, water and electricity bills, internet, payroll for other employees, purchase of material and other mandatory expenses that the company may involve. . Many entrepreneurs also hire management services for better advice, another expense to include.
Achieving the level of liquidity necessary to start a business can therefore be apprehensive, and it is in the early days when more capital is needed. However, PideTuCredito offers financing starting at € 6,000 to be able to start business projects or financial support in companies seeking expansion. Loans for businesses is a financing oriented to companies and freelancers so that they can make the necessary investment and consequently liquidity for the projects.
Banks and savings banks put many more complications to finance business ideas and the barrier is even greater when the business plan is in the beginning. The economic problem is one of the main reasons why many entrepreneurs do not decide to launch themselves to fulfill their dreams. The spokesperson for one of the best loan comparison sites reports that "PideTuCredito is one of the best entities to obtain the necessary capital both at a business level and at a private level, the ease and financial advice they offer is essential to be able to undertake the deal."
Likewise, to have a successful business not only is necessary capital but also a good knowledge of the type of project that you want to undertake and continuous work. In order to develop a project, the first thing you need is liquidity, but likewise you must have a feasible business plan for it to be successful.