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Spanish Firms

Spanish Firms

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Client Company wishes to import footwear from Spain. For a number of reasons the Spanish manufacturer is unable to invoice my clients in the UK directly.

It has been suggested that we form a Spanish Company to act as the 'middleman' ie Span manuf invoice our Spanish Company which in turn invoices my UK client.

Can anyone recommend an English Speaking firm of Accountants in Spain who will not 'lift our legs' when discussing fees etc.

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By Roland195
20th Oct 2011 14:29

Looking for trouble

What is it the New Co. Spanish company will be able to do that the existing manufacturer can't?

All seems very dodgy to me and not something your client should be looking to enter into lighlty. It all sounds very expensive and past experience of dealing with Spanish companies tells me things get complicated very quickly.

 

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Replying to ammumford:
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By YorkieBoy
20th Oct 2011 14:38

Spanish Company

New Spanish Co will merely be a 'Paper Co' - it will "receive" the invoice from Spanish Manufacturer and re-invoice our UK client together will a very small mark-up !

I agree we need to tread carefully but due to licensing restrictions - the existing Span Manuf cannot be seen to be invoicing a UK business - unable at this stage to see any other way round the issue !

 

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By jvenegas16
20th Oct 2011 16:17

No need

Your client doesn't need to form a Spanish company for this. The actual cost and administration cost will not be worthwhile.

The Spanish manufacturer should be able to provide invoices to your client.

I don't know their reasons, but whatever they are I don't think they will justify the setup of a Spanish company.

I am based in the UK if you need help.

Regards,

Juan Carlos

Fiscal Accounts

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Replying to wilcoskip:
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By YorkieBoy
20th Oct 2011 16:49

The whole problem arises due to the fact that the Spanish Manufacturer IS UNABLE , due to contract issues to invoice another UK customer ie my client.

Any further thoughts on how to resolve this would be appreciated !

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By andrew.hyde
24th Oct 2011 14:12

So let's get this straight

As I read it, the suppliers have tied themselves down contractually to only dealing with one customer in the UK. Presumably the UK customer made that stipulation for a good commercial reason, and may even be paying a premium for that exclusivity.

Now the suppliers want to dodge round that.

Not only that, they are expecting their prospective customer to pay out money to facilitate them doing this.

Whatever it is they are making, it must be a very good product!

Obvious question:

if the Spanish suppliers want to work a flanker, and your guys want to get involved, why don't the suppliers set up a dummy Spanish company through which to route the invoices? Surely that would cost less and involve less risk and hassle. Or have I missed something?

Not so obvious, frivolous question:

do Spanish accountants work in 'Spanish practices'?

 

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By jvenegas16
24th Oct 2011 20:51

Contract issues

It would be interesting to know what the contract issues are.

I don't see the problem and I have come across this type of situations before, in most cases because the Spanish company is requesting a VAT number from a UK business which is not VAT registered. I understand that to some exent because of the formality in Spain, but not to the point of not being able to do business with a genuine business.

Forming a Spanish company is not the way forward, as the question would be: what would the formed Spanish company can do differently that the actual Spanish manufacturer cannot do? You will just duplicate your work and your cost: you need €3,000 as capital and register for VAT and comply with the Spanish tax law for companies.

I think we need to know the contract issues which unable the manufacturer to invoice your client.

Regards,

Juan Carlos

Fiscal Accounts

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