Pros and cons of becoming an autónomo in Barcelona

If you’re looking to become one of the 3 million people who are registered as self-employed or autónomo in Spain, there is a lot to consider before taking the plunge. Here are some of the main issues you need to bear in mind if you’re looking at becoming an autónomo in Barcelona.

Related article: 10 good reasons to be a freelancer in Barcelona

Pros

Freedom to work whenever and however you wish. This is probably the main reason that many of us become self-employed. It gives you the independence to work the hours you want to and do something you are truly passionate about.

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Be your own boss. Being autónomo also means that you have no manager hounding you on what needs to be done and for when. You are the one that organizes your own workload and schedule.

Discounts in the first year. In Spain, they do help you out if you’re in your first year of freelancing. This comes in the form of social security and IRPF discounts. If you’re under 30, freelancers currently pay 50€ per month for social security in the first 30 months, and for those over 30, it is 50€ for 18 months. IRPF is usually 15%, but this is decreased to 7% for the first three years.

Related article: Best websites for entrepreneurs in Barcelona

Cons

Social Security Costs. Although you do get discounts in the first year of being autónomo, some complain that afterward the social security costs are too high and take a big chunk of their pay. After the discount time has passed, you will have to pay 285€ for social security per month, regardless of what you have earned.

Less security. For many freelancers, job security can be an issue. When you are sick or go on vacation you won’t be earning money, so you need to be able to plan how much you’re earning, taking those events into account.

Chasing clients. Some clients may be more difficult than others in terms of paying you and you may find that you have to chase them. This means time taken away from working as well as causing unnecessary stress.

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Gestores. To manage your finances and invoices and to better navigate the Spanish system you can hire a Gestor. Gestores are similar to accountants and tax consultants who basically help you with the application process to become an autónomo as well as quarterly tax returns and also invoicing, if you wish. Many freelancers find a gestor useful since they can help save time, allowing the person to focus more on working and earning more money, rather than on accounting. The downside is that they are an extra monthly cost which can be from 40€ to 70€ a month.

Are you thinking of becoming autónomo? What are your main concerns? Let us know below in the comments section!

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