For SMEs (Small and Medium Enterprises)
Estimating Annual Transaction Volume
- Provide your best estimate of the total annual volume of transactions, including all incoming and outgoing payments you expect for your business.
Describing International Relationships
- Declare any business, tax, or supplier relationships outside Spain.
- For each international tie, specify:
- Countries involved
- Type of relationship (e.g., client, supplier, tax authority)
- Frequency of transactions (e.g., monthly, quarterly)
For Freelancers
Estimating Annual Transaction Volume
- Estimate the total annual amount of business income and expenses that will pass through your account.
Account Usage Percentage
- Indicate what percentage of your total freelance income you expect to manage via Qonto.
- If you’re unsure, select the closest range and use the comments to explain your estimate.
Declaring International Relationships
- Tax residency: List any countries where you pay taxes or are considered a tax resident.
- Business relationships: Include any countries where you have clients, suppliers, or receive payments.
- For each, specify:
- Country
- Relationship type (client payments, supplier costs, etc.)
- Frequency of these transactions
For Company Creation
Describing Your Business Plan
- Provide a brief summary, including:
- Your target market
- Expected start date
- Main planned business expenses
Estimating Projected Transaction Volumes
- Offer your best estimate based on your business projections and expected client payments.
- If you’re uncertain, just choose the closest range or answer “Not sure”—projections are acceptable for new companies.
International Relationships & Missing Documents
- International ties: Disclose any expected tax obligations, suppliers, clients, or operations outside Spain.
- Missing documents: If you can’t provide a required document, reach out to support for alternatives—new companies can be more flexible.
- Authorized persons: List any planned account operators, even if they haven’t been formally appointed yet.
For Homeowners Associations
International Relationships
- Report any tax obligations, suppliers, or business relationships outside Spain.
- For foreign owners, specify the origin countries and payment methods for any international transfers.
Handling Cash Payments
- Indicate if any owners pay their community fees in cash and provide an approximate total amount.
If you’re ever unsure about what to provide or how to estimate these numbers, our support team is here to help clarify and guide you through the process!