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SPAIN


Spain is one of the attractive European jurisdictions that can provide different opportunities to do business, depending on the activity you do. The country has implemented a number of reforms to provide a favorable environment for doing business and more opportunities.


Basic forms of legal entities


If you are considering opening a company in Spain, you can consider the following legal forms:

  • Limited liability company – a company in which the shareholders are only liable for the value of the invested funds. The minimum threshold for the share capital of this company is 3000 Euro. It must be paid in full at the time of incorporation. The entity must follow relatively simple reporting requirements. This company is one of the most widespread and efficient in terms of time and costs for small and medium enterprises.
  • Stock company – the vehicle that is more suitable for large business. The company must have at least 60,000 Euro share capital, with at least 25% of this amount required to be deposited at the time of registration. A company can have common and preferred shares. However, the issue and distribution of shares is permitted only after the company's share capital is fully paid. This form is more preferred for carrying out certain types of professional activities and entering the stock markets.
  • Branch – if you want to try out the benefits of this jurisdiction just now, this may be a good option.
  • General partnership – a separate formation created by two or more business partners who bear unlimited liability for the debts and obligations of the legal entity. All personal assets of partners may be claimed during any liquidation proceedings.
  • Limited Partnership – this formation can be formed by (i) one or more general business partners who bear all the risks associated with doing business, and (ii) one or more limited business partners partners whose liability is limited to the value of their contributions alone.


    • Requirements and steps to create a company in Spain


    If you intend to create a limited liability company in Spain, it is necessary to go through these preliminary stages and prepare the relevant documents:

  • Determining commercial priorities that align with the existing business structure (if any).
  • Obtaining a NIE-number (Foreigner Identification Number) is a mandatory prerequisite for setting up a company by a foreign investor.
  • Choosing a name for the future company and obtaining a certificate of availability for the proposed name. Obtaining this certificate is necessary to save time and prevent the risk of name rejection due to the existence of a company with the same name.
  • Choice of address registration of the future company in Spain.
  • Opening of a corporate bank account for depositing funds for payment of share capital. Subsequently, the certificate of deposit of the share capital value is obtained from a bank for further deposit with the Registrar.
  • Preparation and notarization of documents necessary to create a legal entity: its act of incorporation, statute.
  • Submission of the set of all documents required for registration, including registration forms, to the Spanish Commercial Register.
  • Registration for tax and social security purposes.


    • Legal and Regulatory Framework


    The legal framework of the jurisdiction is relatively favorable, in line with the main European standards. Spain provides more flexibility in its legislation to make the procedure of establishing a business faster and easier for businessmen, especially foreign investors. The main legal acts that you have to deal with when setting up a business in Spain are the Commercial Code, the Companies Act, the commercial register regulations, etc. The Spanish Commercial Register, the Bank of Spain and the National Commission for the Securities Market are the main government authorities you may encounter when starting and running a business in Spain.


    Advantages of Jurisdiction


    If you consider that Spain is the right place to set up your company, you can potentially enjoy the following benefits:

  • Competitive and highly developed markets
  • The country is open to foreign direct investment
  • A flexible and skilled workforce
  • Infrastructure close to excellent
  • Plenty of incentives to do business in view of your exact area of ​​business interest
  • Relatively quick and easy procedure for setting up a company.


    • Tax system Spain


    Here are the main highlights of local taxation:

  • Corporate income tax – 25%
  • Value added tax – 21%
  • Withholding tax (for non-residents) – (i) 19% on dividends, (ii) 19% on interest and (iii) 19 or 24% on royalty.
  • Taxes on capital gains – (i) corporate – 25% (ii) individual (for non-residents) – 19%.


    • If you are interested in registering a company in Spain or elsewhere, our specialists can advise you in more detail about all the options you are considering. We will explore for you certain advantages that Spain and any other jurisdiction may have for your business, how to set up a legal entity in a time and cost efficient manner. The selection of the most advantageous tax regimes and the preliminary calculation of the amount of taxes due are also included in our package of services. Opening a bank account is another mandatory option that we will be happy to offer. Contact us soon for more precise discussions on the issues. <


    CREATE A COMPANY


  • Verification and reservation of a company name in the Spanish Commercial Register (Registro Mercantil)
  • Registration of a Sociedad Limitada (SL) company, including state fees
  • Certificate of Incorporation (Certificado de registro)
  • Deed of Incorporation (Escritura de incorporación)
  • Statutory documents of the company
  • Help with getting a NIE
  • Opening a corporate bank account in: BBVA, CaixaBank
  • Company stamp
  • VAT number at the tax office
  • Digital certificate, notifications from tax authorities
  • Apostilled and translated company documents
  • Free consultation
  • Help with online trading and opening an account at viva.com for online trading
  • Accounting services - 12 months
  • Annual renewal (payable from the second year)

    • *Within 30 days


    IMPORTANT! We can provide you with the initial share capital (if the amount is over EUR 5,000) for the registration of your company in the form of a loan from our company. Please, if you are interested, make an inquiry to us.


    What is the procedure!

    1. You submit a request for company registration using the request form.

    2. We check if the registration company name is free and eligible for registration.

    3. Choose a bank that suits your company's needs from a list of Smart Startup UK partner banks provided.

    4. We send you a proforma payment invoice to pay to our bank account + the initial capital amount of your company.

    5. You receive all necessary company documents for verification.

    6. You receive details of your newly opened bank account.

    7. In the specified period (for Spain it is 30 days), you receive all the services included in the package.

    8. You can manage through our platform all the services included in the package, as our team works 24/7 and you can get help from us within up to 30 minutes. We have built an internal ticketing system for our customers through which we process your every support request.


    All services like management, accounting, request to open bank accounts, licensing, filing tax returns, paying taxes and more are done through your account on our platform, it makes it easy managing your business!