Company formation in Spain
Spain has a corporate tax rate of 25%. Companies that are subject to VAT must pay 21% tax on purchases. Certain services, e.g. B. related to some food, some pharmaceutical products, some medical devices for the disabled, some books (except e-books), certain newspapers and magazines, some social housing and others benefit from a VAT rate of 4%.
Advantages and disadvantages of POA authorization
The main benefit of having a power of attorney on a commercial bank account is that you have the security of a backup plan in case the business owner or other agent is unable to perform their duties. Authorizing an agent to act on their behalf prepares the company for any unexpected situation and enables them to make important business decisions in a timely manner. If the owner of the company has not given legal permission to anyone, there is always the risk.