STARTING A COMPANY & BE IN FULL TIME EMPLOYMENT
Posted: 29 July 2009 12:51 PM  
Tourist
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Joined  2009-07-29

Hello all,

I am in need of some advise, I am working full time in Spain for a spanish company that pays me approx 2k a month, of which i take home about 1400 after taxes and social security.

I have just started a business, i have no employees, and i am not working within my company (well only in my free time, SAT SUNDAY) - i set up my company in order to try and leverage myself out of my curent job when my company makes enough money.

In the scheme of social security(SS), do i pay two lots of it??

Remember i am working full time for spanish company and pay the 225+ for SS.
Therefore under my NIE - the SS contribution are being made every month, this entitles me to the benefits

MY CIF (for my own company) is also registered to my NIE.

If i hav not declared i am working part or full time for my own company -  as there is no income as yet and want to stay in my job (full-tim) until the shift can happen.

Paying SS, what is the outcome??

an option: i could continue working fulltime but under my CIF - where by instead of my company paying me with a check, they pay my company and i do my own SS & tax returns. Effectivly they would be employing full time my companies services- ME!

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Posted: 29 July 2009 11:37 PM   [ # 1 ]  
Expatriator
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Joined  2008-12-30

mark123,
for the social security:
you can be either an employee or self-employed, not both. do not think that your subsidy will double when you get unemployed.
for hacienda:
you can be both, and you should be both if you are making money both as employee and self-employed, because you have to declare both incomes come tax declaration time.
if you are making more money as employee, do not register yourself as self-employed in the social security to pay contributions for yourself. you are already covered as an employee.
if you are making more money as self-employed and paying social security contributions for yourself as self-employed is worth it depending on how much make then do it.  but remember if you get unemployed you do not get subsidy.

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