Company Formation Spain

The two main types of companies that are recognized in Spain are the public limited liability company, which is called the Sociedad Anónima (S.A.), and the private limited liability company, which is called the Sociedad Limitada (S.L.).

The main difference is that the Sociedad Anónima Company is most appropriate for large companies. In contrast, the Sociedad Limitada Company is a better-fit for shareholders that do not need a large amount of capital. There are many other differences between the SL and SA as well.

Yes, a single person may establish a Spanish firm, and you can be the company’s only director, administrator, and shareholder.

The minimum share capital will depend on the type of legal entity you adopt. For the Sociedad Anónima company, the minimum share capital is € 60.000, while the Sociedad Limitada costs € 3.000.

Yes, a limited liability company can accommodate almost any type of investment. However, sectors such as pharmaceutical, fund management, insurance, or banking must be carried out through a Sociedad Anónima. Please contact us for help with your incorporation.

No, foreigners can incorporate a company in Spain. However, you will need a unique identification number (NIE) to carry on with the process.

Incorporating a company in Spain usually takes 2 weeks. However, it depends on the complexity (i.e NIE requirements and shareholder’s nationality) and timing of the case.

No, foreigners can start a business in Spain. You will only need a separate identification number (NIE).

Yes, all companies need a registered address in Spain. If you don’t have one, SpainDesk can provide you with a service address. This is for collecting mail from the tax authorities. We can help you get a post box address, that will forward all your mail to another place without you having to be there physically.

Incorporating a company in Spain usually takes 2 weeks. However, it depends on the complexity (i.e NIE requirements and shareholder’s nationality) and timing of the case.

Yes you can, we can register this for you in the by-laws. We can also assist you in reducing your tax burden by advising on the best approach to move funds from the parent firm to the new Spanish business.

In general, the company formation process in Spain takes around 3 week. However, sometimes bureaucracy, appointments, and validating documents can increase this quiet a bit. We can help you speed up this process and reduce your waiting time.

The private limited company, also known as The Sociedad Limitada (S.A.), , is a good option in most cases since it can be run through a foreign country.

There are very little restrictions for foreign investors in Spain. However, non-European residents are not permitted to invest in certain critical sectors, such as telecommunications, without a special permit. The labour market, on the other hand, is subject to greater regulation. The maximal working week is 40 hours, and all employees are entitled to six weeks of paid vacation a year.

A person must be 18 years old to do a legal Spanish company registration.

In general, the Spanish government communicates with companies in Spanish. It is therefore a good idea to have someone take care of your business in Spain, if you are not familiar with the language.

No, this is not necessary. We can schedule a meeting with the Spanish consulate in your country, and you’ll be able to sign for the company at a notary in your home country.

Yes, you can be represented by a proxy and avoid physically going to the registration office. A lawyer can go for you and complete all the filing documents.

A certificate of registration with the Commercial Registry is required to open a business bank account.

Recruiting staff and employees is not as easy as in some other countries. It can be difficult to find the right people, and the amount of paperwork is quite extensive compared to other countries. The laws for recruiting and firing staff also make this process very complicated and time-consuming. Payroll rules are different in Spain from other European countries.

The Spanish Mercantile Registry will issue a certificate of incorporation and a document confirming the identity of the company’s shareholders.

The company statutes or the memorandum of association is the internal rule book for your company. It includes how shareholders, directors and board members are selected and duties, rights and privileges each holds. It also includes rules for taking board resolutions and managerial decisions. We can sign the company statutes at the notary for you through the power of attorney.

When you are doing business in Spain, you will to form a company in Spain. It can be a branch of the foreign company, or a new Spanish business.

Our corporate lawyers are here to help you with your questions. They can answer any questions you might have and give advice on the best way to proceed. We recommend that you consult your lawyer before doing a Spanish company registration, and reach out for help if you encounter any difficulties before starting up.

Yes, a registered office is a requirement in Spain. This can be an address or a PO Box number, and is the place where official notifications for the company are sent to.

Going through the incorporation process for a new company in Spain can be a complex process. Below are some of the issues you can face when it is not doing properly.

• The complex process of incorporation can be confusing without help
• Spanish bureaucracy can be time-consuming
• Not being properly registered in the mercantile register
• You need to perform the steps in the right sequence

The company law stipulates that:

• You will need to have company statutes
• You will need an address in Spain
• You will need to go through a notarial procedure
• You will need a company deed
• You will need a company director
• You will need a share capital, in case of a Spanish SL this is 3.000 euro