The transition of the United Kingdom’s exit from the European Union has caused hundreds of doubts. It is a complex situation, so throughout this time and until it is fully realised, it must be taken for granted that it will still be a daily problem. Especially for those who own companies or work in Spain. We must also bear in mind that the problem has worsened due to the global pandemic. Therefore, all procedures must be handled with great care.
Changes that British companies operating in Spain could have after Brexit
Hundreds of doubts have been created in relation to this problem, as there are many British companies operating from Spain. It is obvious, since these changes are quite significant for both economies. An effort should be made to clear up all uncertainties that exist regarding new procedures, tax forms, customs, tariffs, residences, and work permits.
To continue a business or start a new one in this promising city, it is essential to get the best advice. By obtaining it we will avoid falling into irrevocable mistakes.
Relevant points to consider
There are several expert consulting companies that can help us if we are not clear about our situation and what we should do. Therefore, it is imminent to get an Auditing and compliance in Spain made by expert consulting companies
Work and residence permits in Spain
The essential document to work and reside in Spain is called NIE (Foreign Identity Number). So it will be necessary for any employee to have this document. There are two types of NIE, the temporary (with a validity of 3 months) and the permanent one (with a validity of more than 3 months). In case of being a company, the valid document will be a NIF (Tax Identification Number).
This document is used for tax identification with the Spanish Tax Agency. In addition, it helps the foreign citizen to carry out some other procedures, such as the signing of employment contracts, opening of bank accounts, registration records, and more. It is important to review the documents you need to obtain the NIF or NIE for Spain.
Social security, health insurance and other certifications
Once the transition period comes to its end all British citizens will keep their rights of residence, study, work and social Security in Spain. If you arrive after the end of the transitional period on the 31st of December of 2020 you will be contemplated as third country national.
If you reside in Spain and you have got a British nationality you will need a health insurance. Spain is in entitled to require self-sufficient people, even if they arrive for studying or they are pensioners.Each certification will depend on every specific case and status. So it is important to have clear which is the one you need. The Spanish government and the European Commission are working together in order to offer a Foreigner’s Identity Card. It will indicate the status of each one as recipient of the Retirement Agreement.
