Our company‘s aim is to make the company formation in Spain much easier and help you to register company as smooth as possible! If you are interested in doing business in Spain, we will assist you with your business establishment here by providing a full package of company registration services that would be even possible without your personal presence in the office. By choosing our services for your company registration in Spain, we will help you to save the most valuable things for you – your time and money.
Many entrepreneurs are seeking to expand and develop their business by entering new markets. And in order to optimize taxes they usually choose to open company in one of the European Union countries. So, if you are interested in having a company abroad and would like to register company in one of the countries in EU, it would be advisable to think about company registration in one of the most attractive countries for business opportunities – Spain. As you already know, there are many reasons for choosing Spain as an attractive country in order to register company for your business. Maybe we will not have all the answers to the question how to do business in Spain but we will definitely do our best in order to help you to start a new business or expand the existing one. Moreover, if you want to open company in Spain, the whole procedure might be much easier and even more attractive with the professional consultancy!
The process of company registration in Spain has several steps. But first of all, you should decide which legal form of the company is the most suitable for doing business in Spain. Also, you should decide if you are interested in setting up a company from zero (new company) or you want to buy an already established business that is for sale (i.e. business for sale). Cost of the company is also related to the type of the company that you choose to buy or establish. So, for your own convenience, our company may accordingly offer you to buy:
A new from zero established company – it may have your prefered company name and all the necessary internal documentation package prepared (i.e. new company registration and business license if needed);
An enterprise that has been already established but due to some reasons no business activity has been executed;
An enterprise that has been already established and has been operating for a while but due to some reasons it is has no business activity at the moment;
A running business for sale that is operating now. As this type of company has turnoever, employees, etc., therefore, if you decide to buy this type of company – steady revenue and a verified business model is ensured. Also, it is important to emphasize that by buying this type of company, it eases you the procedure of getting residence permit in Spain and ensures you unrestricted travelling through all the Schengen area in EU.
If you need some professional consultancy on how to choose the best company according to your needs and what are the cost and advantages of setting up a business in Spain, you are always welcome to contact our office. Our team is always ready to provide some consultancy for you on legal questions of starting a business in Spain. Our aim is to ease the procedure for you of doing business in Spain.
The company registration procedure
Before the incorporation of a company in the Spanish Republic, the foreigners as well as living permanently having the interest (the establishment of the company, the purchase of real estate and other activity) in Spain, must obtain an identification number NIE (Número de Identidad de Extranjero).
The private limited company is the most popular form of the company in the Kingdom of Spain used for carrying out most of the activities. The procedure of opening the company begins with checking by the state competent authority whether the selected name of the company meets the requirements. The company will acquire company tax payer identification number (C.I.F) at the tax office. The incorporation of the company requires a minimum share capital of 3,000 euros. Founders have to open a bank account and 3000 euros to be paid to the bank account as share capital. Before going to the bank and the notary office, the business plan of a newly established company has to be created to establish what activity (number of planed jobs, amount of money to be invested in the business) the founders will carry out and the company’s articles of association has to be prepared. After all of the said steps, it is necessary to go to a notary to notarize all documents (articles of association, various forms, shareholders’ resolutions, and so on.). After all company documents are notarized, the company is registered in the National Register of Companies. If all documents are consistent with the requirements, the registration of a new company takes about 40 calendar days.
All major decisions are taken by the general meeting of shareholders where the Director who supervises the compliance with the Articles of Association is appointed.
After the company begins its activity it is necessary to prepare all the documents required for the general meeting of shareholders, to adopt decisions concerning the company’s activities and internal procedures and concerning representation the company in relation to other companies or legal entities.
Necessary documents for the company formation in Spain:
- Passport (copy);
- In case of the company incorporation in the name of a client (when setting up a business by the authorized person) – power of attorney;
- Official documents must be legalized or apostilized.