Running a business in Menorca
Menorca's season is shorter than Mallorca's or Ibiza's, so many businesses earn most of their income between May and October and must plan VAT and income tax prepayments carefully for the quieter months. Small companies and autónomos also need to decide when to move from autónomo to company as profits grow, and how to combine salary and dividends.
What we file for businesses
| Obligation | Form | When |
|---|---|---|
| VAT | Modelo 303 | Quarterly |
| Income tax prepayments (autónomos) | Modelo 130 | Quarterly |
| Staff withholdings | Modelo 111 | Quarterly |
| Corporate tax | Modelo 200 | July |
| Annual accounts | Mercantile Registry | Within seven months of year end |
How we work with businesses
You send us invoices and bank statements each month or quarter through a shared folder, and we keep the books, file the returns and send you a short report with the figures and the tax due. Before each deadline you know what will be paid, and we advise on salary, dividends and investments as the business grows.
Our general service page explains the rules in more detail: Accountant in Spain. We also advise in Mallorca, Ibiza.
An illustrative example
Based on situations we commonly see; not a specific client. A Dutch couple running a small agroturismo near Ferreries as autónomos asked whether to set up a company. We compared both options with their figures, set up the company when it paid off and took over its books and returns.
This page is published by Castell.tax, the tax practice of Castell.law in Palma de Mallorca. It is general information; tax rules and rates change, so check your case with us before filing.
Not sure what you owe? Ask before the deadline
Send us your situation or the letter you received. A tax adviser will tell you what applies, what it could cost and what to file.
Frequently asked questions
Do you work with small businesses in Menorca?
Yes, from autónomos to small companies.
Should I be autónomo or set up a company?
It depends on profits; we compare both with your figures.
Do you work with businesses in Menorca remotely?
Yes, through a shared folder and video calls, with meetings by appointment.
Can you take over from my current accountant?
Yes, we arrange the handover of books and filings.