The cost of setting up a simple SL starts at approximately €600, to which a further €3,000 of minimum share capital must be added.
If you decide to work as a self-employed person, you must register with the RETA (Special Regime for Autonomous Workers) and pay the monthly fee. For 2020, the minimum fee is €286.15 per month. The fee could be reduced to €50 for one year if you are entitled to the flat rate.