STREET MARKET: AN ALTERNATIVE TO BECOME SELF-EMPLOYED

Markets , stalls, stands ... who has not ever gone to the weekly appointment that many towns and municipalities held for decades? Whether markets in weekly markets or in the streets, this activity is an important commercial and tourist boost for many regions and, with the advent of the crisis, has experienced tremendous growth in recent years.

According to The Economist, in Spain there are between 3500 and 5000 markets that generate 50,000 direct jobs and 60,000 indirect jobs. So the street vending has become in recent years one of the new alternatives of self-employment for many unemployed or for those looking to supplement their income with other activities.

This is actually a very beneficial activity for the environment in which it operates , as it provides income to local councils and generates a positive impact on the local trade during the days when markets are held in a given municipality .

However, this is a sector that has lived in a traditional state of deregulation or lack of regulation that, with increasing incidence in the economy and trade, exacerbating existing problems always certain , as unfair competition or excessive seasonality of the activity. That is why the group of hawking has begun to mobilize and demand greater control and regulation of the activity that may be produced from next year.

In order to run legally your stall in a street market the following steps are required:

1. First, you need to register for the Special Scheme for Self-Employed and contribute to Social Security. However, self-employed workers engaged in street or home vending (Activities numbers:  4781 , 4782 , 4789 , 4799 ) may choose as a basis of low price , which ranges from 858,60 and  € 753.00 / month. For those who undertake canvassing (CNAE 4799) or worker-members of worker cooperatives , if credited sales in traditional markets or markets with lower schedule to 8 hours per day, not running the activity through an owned premises and not selling the goods they are already producing, then shall be eligible for a minimum base 472.20 € .(take into account that the monthly payment would be a 29,80% of that eligible base)

2. You must also register your business with the Tax Authorities in the specific VAT System according to the kind of activity that you intend to run..

3.In addition, the  Town Halls are responsible for granting authorizations for the exercise of street vending in their respective municipal districts and determine the area of location for this type of sale, out of which may not be exercised commercial activity.

If you are thinking about selling items in a street market and need further details, don’t hesitate in contact VP ADVISERS