Company formation in Spain – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN SPAIN

Company formation in Spain is getting a boost due to its steadily growing economy. Although it suffered a huge economic crisis, it currently is the 13th largest economy in the world. Although the procedure to set up a business in Spain is comparatively simple, it can be time-consuming if not followed correctly.

  • Its economy is growing steadily at the rate of 2%

  • It has a great inherent culture, affordable education and housing, and lastly a standard quality of living

  • As a part of EU, it plays an important role in international affairs

  • It has political stability

  • Sectors that are growing - mobile devices, biotechnology, technology, etc.

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

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

DOCUMENTS REQUIRED

  • List of 5 proposed names.
  • For Individual Shareholders: NIE Number, Copy of passport, Copy of utility bill and Power of Attorney for incorporation.
  • For Corporate Shareholders: CIF Number, Copy of Certificate of Incorporation, AoA, MoA, Good Standing certificate, shareholders register, passport of shareholders, utility bill and Power of Attorney for incorporation.
  • For Proposed Directors: NIE Number, Copy of passport, Copy of utility bill and Power of Attorney for incorporation.

OUR SERVICES

Incorporation services:

  • Obtaining TIN/NIE for shareholders and directors
  • Name reservation
  • Preparing all necessary documents for company formation including relevant Power of Attorney
  • Registration with Spanish Tax Authorities and assistance in registration of foreign investment (if applicable)
  • Assistance in bank account opening

Other Maintenance & Compliance Services:

  • Company Secretarial Services and compliances
  • Book keeping and Preparation of financial statements
  • Filing tax returns and assistance in tax planning
  • Virtual Tax Post to receive letters from Spanish Tax Authorities

TIME PERIOD

Mention It takes approximately 1 month for company registration in Spain after receiving all relevant documents
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