Company Formation in Spain

  • Why Start Your Company in Spain?

    Company formation in Spain is getting a boost due to its steadily growing economy which is currently growing at the rate of 3%. Although it suffered a huge economic crisis, it currently is the fourteenth largest economy in the world. Moreover, it has a great inherent culture, affordable education and housing, and lastly a standard quality of living. Although the procedure to set up a business in Spain is comparatively simple, it can be time-consuming if not followed correctly. We at S K Patodia & Associates make Spain company formation a simple and time-efficient procedure for your business.

  • Procedure to Incorporate a Company in Spain

    • Reserving a company name with the Central Mercantile Registry
    • Opening a Bank Account followed by depositing the required capital
    • Preparing the bylaws of the company
    • Executing the Public Deed of Incorporation and company bylaws before a notary public
    • Registering with the Mercantile Company Registry within 30 days from the signing of the Deed of Incorporation
    • Appointing a Representative at the Public Administration in Spain (Normally it is one of the Directors)
    • Enrolment at the Tax Administration
    • Enrolment at Social Security Administration
    • Communication of the foreign Investment to the Ministry of Industry, Tourism and Trade through a declaration form
  • Requirements for Business Set Up in Spain

    Basic Requirements
    • Minimum Capital Requirement is Euro 3000
    • Local Registered office address
    • Minimum 1 Shareholder
    • Minimum 1 Director.

    Please Note: All the Shareholders and the Directors are required to have an NIE (Número de Identificación de Extranjero) before their appointment (Fiscal number can be obtained within a week)

    Documents Required
    • Certificate of deposit of capital in bank account
    • Certificate of reservation of the desired name at the CMR
    • Original Identification Card/ Passport of the Directors, Shareholders and the Signatories
    • If appearing through a Power of Attorney, an original deed must be provided
    • Declaration by the Directors for acceptance either personally or through Public Notary Deed
    • Details of Shareholders
    • Certificate of Good Standing
    • Provisional CIF
  • Our Services

    • Checking for name availability and reserving the same
    • Services for Company Secretary
    • Services for local resident nominee Director
    • Services for local registered address
    • Notice of Incorporation
    • Memorandum and Articles of Association
    • Common Seal, Share Certificates, Statutory Registers/Minutes
    • Minutes of first Directors ‘meeting
    • Directors’ resolution for bank account opening
    • Appointment with Local Bank
    • One set of Certified true copies for opening of Bank Account
  • Time Period

    It takes approximately 28-30 days for company registration in Spain.

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