How do you start a ‘startup’?

Spain finished 2016 with a total of 2,633 ‘startups’, which represents 1 % more than in 2015, according to the Startup Ecosystem overview Report prepared by the Mobile World Capital Barcelona Foundation (MWCB).

The city is maintained as the most important core of ‘Startup’ in Spain with a concentration of 28.4 %. A short distance is Madrid with 27.1 % records of ‘Startups’. In the third position, Valencia brings together only 5.2 % of the emerging companies in the top 3.

At European level, Barcelona and Madrid are two of the ten European cities with the greatest attraction for entrepreneurs in Europe. London, Berlin, Paris and Amsterdam, however, stand for the Spanish Hubs.

As far as countries are concerned, Spain is the fourth technological destination at European level for technological talent. Spanish cities are a perfect ecosystem for entrepreneurs and their emerging companies.

Before the company is opened, it is necessary to carry out a viability study of the idea and to respond to the first doubts that arise to take the final step and to register in the safest possible way in the official organizations.

The first problems to solve are what needs, problem or desire solve your idea. At the moment it is important to remember that ideas are not protected by intellectual property law. It is necessary to check who knows the business idea that is being increased.

The next step in the development of the idea is to tackle the public to who the startup is addressed and conducting a competition research. The sector that brings these types of companies together is an electronic trade with 24 %, according to the Mobile World Capital Foundation report.

According to the same study, the same percentage of new companies, only in Barcelona, ​​was related to this sector. Accelerators experts in ‘Startups’ consulted by this newspaper point to the search for the characteristic that distinguishes your product from competitors.

Difficult financing

The average investment per startup has tripled over the past three years until in 2016 it will continue to 710,000 euros, far from 200,000 euros in 2014. Although the money flow has increased, the financial analysis is one of the most important points to extend the lifetime of future activities.

The Spanish startups raised 502 million euros in investment in 2016, which represents 12.8 % less compared to the 576 million obtained in 2015. Again, Barcelona is the Spanish city that leads investments with 56 % of the total, followed by Madrid with 173 million euros.

Bureaucratic procedures

Once the business plan has been assessed and arranged, the next step to make the company officially and start with the bureaucratic procedures to start working. The first visitor’s place is the commercial register, because this public office is responsible for submitting the request for the negative certification of the name. It has been proven that there is no other society with the same name as yours.

The following steps are the payment of the bank deposit in a financial entity of the share capital required according to the type of company that you have chosen. Subsequently, the establishment of the articles of association and constitutional deeds signed for a notary of the company’s partners to start the company.

The CIF must then be requested This number includes the tax identification of the company and is issued in the tax agency. It is for the time being during the first six months and then the final is already obtained. It only has a limit and it is necessary that the 30 days will be asked immediately later for the constitution of your society.

In the same period, the tax on the patrimonial transmissions must be settled. It consists of the payment of 1 % of the share capital contributed to setting up the company and paying in the delegation of finance where your company is located. Finally, return to the commercial register to register the company.