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Company Formation and Related Services
Company Formation in Spain F.A.Q
Company Formation Services in Spain and details on how to incorporate a Spanish company, VAT registration, establish a bank account and setup of a virtual office in Spain. We provide internationalized English speaking company registration service in Spain.
1. What is the minimum share capital for a Spanish S.L. (Limited Liability Company)?
The minimum share capital for a Spanish Limited Liability company is in amount of approximately 3,000 EUR. The amount must be fully paid in at the time of formation.
2. What is the minimum share capital for a Spanish S.A.(Joint Stock Company)?
In order to register a Joint Stock Company, the shareholders need to provide a minimum capital of 15,000 EUR which must be made in the form of money, goods or intellectual property.
3. Are there any special requirements for establishing a SL in Spain?
The name of the company must be verified and the shareholders must obtain a Company's Name Certificate at the Registro Mercantil Central. The managers of the company are not required to obtain Spanish citizenship. However the administrator that handles all company issues in Spain needs a work permit, if he resides in a non-EU member state. EU nationals do not need a work permit to work and live in Spain. However if they wish to remain more than three months they need to acquire European Community card to remain in Spain.
4. How can I register for VAT in Spain?
The process of registration can be done by the company legal representative. An application must be sent to the Tax Authorities along with the name certificate of the company, the bank deed certifying the minimum capital has been deposited, the registered address of the company and identification card, or power of attorney of the representative. Usually the VAT number is issued in a short time period.
5. How can I open a bank account in Spain?
Any company engaging in commercial activities needs to open a bank account. Some Spanish banks require presence of the bank titular to ensure of its existence. The bank usually requires a copy of the deed of incorporation of the company, legal address, information on the shareholders and company type. Managing the Spanish bank account can easily be done through internet banking, as most Spanish banks provide many personalized services especially for business companies.
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Madrid
Company Formation in Spain
BridgeWest provides company formation in Spain. Our assistance includes: > drafting the Articles of Association (necessary for the company incorporation in Spain); The Articles of Association of the Spanish company can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by the Spanish Law). > drafting all other documents required for the incorporation…
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Articles on Company Formation in Spain
Entrepreneurs in Spain find a welcoming environment with non-discriminatory treatment towards foreign investors. Due to EU membership, foreign investors form EU member states find the process of incorporating a Spanish company much easier. Preliminary activities prior to registering public and pri ...
Spain represents a viable opportunity for investors, as it has one of the most robust economies in the EU due to a strong inward investment. Also plenty of sectors are welcoming foreign investors, and the state of Spain guarantees equal and non-discriminatory treatment. Even though bureaucratic requ ...
Even though many foreign entrepreneurs choose to set up limited liability or joint stock companies, this is not always the case. Some foreign investors, who wish to expand their business in other countries, choose to incorporate a branch. The state of Spain encourages foreign investment, guaranteein ...
The Registro Mercantil Central of Spain is an official institution which allows access to company public information stored and managed by the Mercantile Provinciales, offices of the institution throughout the country. It also has manages company and legal entity registration, storing obtained infor ...
1. What is the minimum share capital for a Spanish S.L. (Limited Liability Company)? In Spain, as in many other countries the most common form of business is the Limited Liability Company, or the SL(Sociedad Limitada). It requires less documentation as a Joint Stock Company, the incorporation proced ...
1. What is the corporate tax in Spain? The standard Spanish corporate tax levied on companies activating on the country's territory is 35%. However companies with yearly sales of less then 8 million euros benefit from certain deductions and 10% tax credit can be obtained for investments and expenses ...
1. What is the VAT in Spain? The VAT rate in Spain is 18% since 2010. However, reduced rates of 8% and 4% apply to certain goods and services. The purchase of newly built properties, hotels and restaurants are subject to a VAT rate of 8%, as well as health products, and entertainment. The 4% VAT rat ...
The Commercial Code, the Corporations Law, the Limited Liability Companies Law and the Mercantile Register Regulations are the main sources for company law in Spain. Spanish corporate law was firstly modified by Law 19/1989, in order to introduce the relevant EU Directives. This legislation is refer ...
Country profile Spain is a parliamentary monarchy, divided into towns, provinces and autonomous communities. There are 17 autonomous communities. The Kingdom of Spain has a surface of 505,990 kilometers square. The Balearic Islands in the Mediterranean, the Canary Islands in the Atlantic and the Nor ...
General overview Spain is the world’s ninth largest economy and the seventh largest recipient in terms of foreign investments. There are more than 10,300 foreign companies that are located in Spain at the moment, developing activities in all business sectors. The Spanish government’s com ...
Spain provides a proper business environment, which is why it has managed to become an important recipient of foreign investments during the last years. The increase in sums and percentage of investments are due to several factors, including the stability of the Spanish economy, the friendly legisla ...
Setting up a Limited Liability Company in Spain or a Sociedad Limitada (SL) is the best choice for those who are looking for flexibility, since the shareholders can define their own internal rules. Besides, it is ideal for small or medium-sized businesses. A legal advisor is usually recommended in t ...
A joint stock company is Spain is also known as a public limited liability company or Sociedad Anonima (SA). This kind of Spanish business is an autonomous legal entity, with its stock capable of listing at the Spanish stock exchange. Capital In order to set up a joint stock company in Spain, ...
A lawyer in Spain is known as an “abogado”, who practises law based on the Civil Law. There are approximately 118,000 attorneys in Spain registered with local bar associations. There are 83 local Bar Associations in Spain, represented by a central institution called “Consejo Genera ...
Spanish notaries are public officials who witness, register and guarantee the legality of a document, as well as verify signatures and authenticate many types of agreements. In other words, a public notary in Spain is both an independent professional and a civil servant. The fees required for the s ...
A Spanish accountant is called a Contable or an Asesor Fiscal. They are usually hored every month by companies to complete statutory declarations, pay taxes and pay social security, as well as completing the procedures of employment for new staff. There is also another type of accountant in Spain, k ...
A power of attorney in Spain can only be granted by a person with legal authority and it is compulsory that the grantor is present before a public notary. The recipient does not have to come to the public notary. The grantor of the power of attorney in Spain must also prove that he has the right to ...
In order to start a company in Spain, an entrepreneur needs a proper evaluation of the costs required, so that he can start the procedure with a well-defined plan. 1. What is the minimum share capital? The minimum share capital required for a Limited Liability Company in Spain is ...