Spain

Spain company formation

Spain is located in southwest Europe, on the Iberian Peninsula, and borders the Mediterranean Sea and the North Atlantic Ocean. Spain has a mixed capitalist economy and is the 13th largest in the world. Its per capita income roughly matches that of Germany and France. Spain has one of the most robust economies in the European Union and is the fifth largest in the EU. This has been due to strong inward investment, a booming manufacturing sector and a liberal business environment. Spain has a deserved reputation as a low-cost land of opportunity for foreign investors. Spain’s tourism industry is the second largest in the world and is worth more than €40 billion. CompanyRegistrationsWorldwide.com can assist you in setting up a Spanish company.

The two most popular forms of Spanish company formation are:

  • Public Limited Company (S.A.)
  • Private Limited Company (S.L.)

 

Setting up a Spanish Public Limited Company – what are the main features?

  • Standard structure for large businesses
  • Minimum share capital is €60,101.21, at least 25% paid up
  • Minimum number of shareholders is one

 

Setting up a Spanish Private Limited Company – what are the main features?

  • Usual format for small and medium businesses
  • Minimum share capital is €3,005.06, all of which needs to be paid up
  • Minimum number of shareholders is one
  • Annual audit is not usually required

 

Other Spanish business formats include:

  • Sole Trader
  • Joint Ownership
  • General or Limited Partnership
  • Branch or Representative Office

 

What is required to set up a Spanish company?

  • A Spanish ID number (NIE) is required for all directors. This can be applied for via POA(Power of attorney).
  • Minimum share capital to be deposited for a Spanish Limited company is €3,006.
  • If an EU VAT number is  required for your Spanish company formation, then minimum is a Serviced/Physical Office.
  • If only a local tax number is required, then a minimum of a registered office in Spain is required.
  • A visit to Spain is required to form your Spanish company.

 

How long will it take to form my Spanish company?

Once you have your NIE number it takes 2-3 weeks for your Spanish company to be fully established. As soon as you sign at the notary, the company is a legal entity, and you may begin to invoice with the company. Please contact us for more information.

Additional services

CompanyRegistrationsWorldwide.com can assist you in setting up a company in Spain, as well as a whole range of professional services which include:

  • Registered/virtual office services in Spain
  • Spanish bank account introduction
  • Accounting/payroll services in Spain
  • Licencing requirements in Spain
  • Warehouse/premises identification in Spain

 

CompanyRegistrationsWorldwide.com can provide you with an efficient and professional service in all aspects of Spanish company formation. Contact us today for more information on setting up a company in Spain. 

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