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
Minimum Capital Requirement is Euro 3000
Local Registered office address
Minimum 1 Shareholder
Minimum 1 Director
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.
Obtaining TIN/NIE for shareholders and directors
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
Mention It takes approximately 1 month for company registration in Spain after receiving all relevant documents