Bookkeeping in Madrid

When you need an accountant in Madrid

Madrid is the most tax-advantageous major region in Spain, which is why entrepreneurs and high-earning professionals relocate here for tax purposes. An accountant is essential for self-employment (autónomo), company setup, the Beckham regime, and declarations of foreign assets.

Price reference: bookkeeping for an autónomo — €50–120/mo, bookkeeping for an SL — €180–400/mo, one-off consultation — €90–250. Initial consultation with SVOY accountants — free.

What matters specifically for Russian speakers from the CIS

• Income from clients in Russia/CIS. An accountant can legally structure your earnings (invoices, foreign currency, autónomo status) — and this doubles as proof of income for your residence permit and Digital Nomad Visa.
• How to bring money in. SWIFT from Russia is restricted — people use third countries and USDT, then legitimize funds through international transfers. An accountant can advise on how to record this correctly in your books.
• Assets in Russia — modelo 720. If you hold accounts or property in Russia worth more than €50,000, you must file a modelo 720 declaration (modelo 721 for crypto). This is a frequently overlooked obligation among Russian speakers, and the fines are real.
• CIS documents. To register as autónomo and claim deductions, you need properly certified documents — apostille and sworn translation, remotely.

Why Madrid is more tax-efficient

Two decisive advantages: the lowest regional IRPF among major autonomous communities and full abolition of the wealth tax (impuesto de patrimonio). For high earners and high-net-worth individuals, that means tens of thousands of euros a year compared with Catalonia.

The Beckham Regime is particularly popular here: a flat 24% on income up to €600,000 for 6 years for new residents. The application must be filed within 6 months of registration.

Autónomo and company

• cuota de autónomos — from ~€230 to €590/month based on actual income; tarifa plana €80/month for the first year;
• quarterly: modelo 303 (IVA 21%) and modelo 130 (IRPF advance payment);
• SL — corporate income tax 25% (15% for the first two years for new companies); worthwhile with stable profits and reinvestment.

Foreign assets

For foreign assets exceeding €50,000 — file modelo 720; for crypto — modelo 721. For Russian speakers with property in Russia, this is mandatory — an accountant will help you report it correctly and avoid complications.

How to choose an accountant

• look for an asesor fiscal with experience in the Beckham Law and expat cases;
• calculate autónomo vs SL before you start;
• a Russian-speaking specialist will reduce the risk of errors in status and deductions;
• agree on services and fees in advance.

Looking for an accountant in Madrid? Describe your situation — we’ll answer your questions for free, and a specialist will personally review your case.