Fiscal Representation is the process by which a company non established in Spain can be registered for VAT purposes in Spain, whilst being subject to corporate tax in its home country only (subject to certain conditions).
By being fiscally-represented in Spain, this foreign company can then import goods or sell goods and file VAT forms in order to compensate or recover VAT.
Through fiscal representation a company can also use a bonded warehouse and specially a VAT warehouse, which is specially interesting for trading companies.
Companies registered in other EU member states as well as in certain other countries can apply for fiscal representation. The paperwork involves signing a power of attorney, a fiscal representation agreement and providing some other legal documents. It normally takes 3-4 weeks in total.
TIBA has ben providing fiscal representation services to European, Asian and African companies since 1998, being a leading player in this industry. Our advantage is we design tailored solutions keeping in mind both the fiscal and financial goals of our customers.
