Send a request for a call
Company formation in
Spain
Spain
Comprehensive assistance in company formation, including banking services
How to form a company in Spain
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Spain and opening a bank account in Spain
2
Payment of services
Payment of our services for company formation in Spain and/or bank account assistance in Spain
3
Company formation
We register a new company in Spain for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Spain
Remote company formation in Spain is available.
1. Founders that would like to register a company in Spain can either be resident or non-resident in Spain. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Spain. It is not required to register a company in Spain with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Spain and simultaneously be a shareholder and a director in this company if such company is registered as a SL (a limited liability company).
4. There is no requirement for creating substance in Spain - no need to hire local employees or rent an office in order to establish a company in Spain or to conduct business in Spain.
5. Minimum share capital that is required to register a company in Spain as a SL (a limited liability company) is EUR 3,000.
6. Information about company founders, shareholders and directors after company registration in Spain is complete is publicly available in the state corporate register.
7. We can help you register a company in Spain remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Madrid for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in Spain. It is not required to register a company in Spain with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Spain and simultaneously be a shareholder and a director in this company if such company is registered as a SL (a limited liability company).
4. There is no requirement for creating substance in Spain - no need to hire local employees or rent an office in order to establish a company in Spain or to conduct business in Spain.
5. Minimum share capital that is required to register a company in Spain as a SL (a limited liability company) is EUR 3,000.
6. Information about company founders, shareholders and directors after company registration in Spain is complete is publicly available in the state corporate register.
7. We can help you register a company in Spain remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Madrid for 1 day in order to open a corporate bank account.
Cost of services
Formation of SL
Timeframe - 10 business days
Timeframe - 10 business days
Send a request
for company formation
Advantages of forming a company in Spain
Attractive business-environment
- Convenient location for travel, agricultural and restaurant business, for maritime trade
- Stable economy, large market with strong internal demand
- Open economy, no trading restrictions
- Low cost of labor and transport of goods
Attractive business-environment
- Establishment of maritime trade with North, Central and South American states is available
- Highly-developed infrastructure, multiple seaports, well-developed railway infrastructure
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Tax incentives for group taxation
- Multiple double tax treaties
No foreign exchange controls
- Spain joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Spain may open bank accounts in local banks in any currency
Ease of establishing and doing business
- 100% foreign ownership of a company is available
- Remote company formation in Spain is available
- Fast company formation in Spain
More about Spain
Spain is located in Western Europe and has a territory of 505,970 square kilometers, being second largest EU-state. Spain borders Portugal, France and Andorra. Spain has access to the Mediterranean Sea and to the Atlantic Ocean. The capital city of Spain is Madrid.
The population of Spain amounts to around 47,5 million people.
The population of Spain amounts to around 47,5 million people.
Official currency of Spain is euro (EUR).
Economy of Spain is currently 14th largest economy in the world and is 13th in regards to being attractive for foreign direct investment, it also is 11th in regards to commercial services export. 74% of the state's GDP is comprised of sercice sector. There are a growing number of investment opportunities in renewable energy, biotechnology, car industry and space industry. In 2017-2018 Spain's GDP grew by 3.1% and amounted to around USD 1,4 trillion.
Economy of Spain is currently 14th largest economy in the world and is 13th in regards to being attractive for foreign direct investment, it also is 11th in regards to commercial services export. 74% of the state's GDP is comprised of sercice sector. There are a growing number of investment opportunities in renewable energy, biotechnology, car industry and space industry. In 2017-2018 Spain's GDP grew by 3.1% and amounted to around USD 1,4 trillion.
Foreign investors establish business in this jurisdiction in order to primarily conduct travel, agricultural and restaurant business, as well as communication services.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- banking services
- insurance services
- energy sector
- gambling
- television, radio
- defense industry
- air transport.
- Corporate income tax - Standard tax rate 25%, a tax rate of 15% applies to newly incorporated business-entities during the first 2 years of their operation starting upon their first profit. Tax returns are filed on an annual basis. Advance income tax payments are made on a quarterly basis
- Dividend withholding tax - Standard tax rate 19%
- Interest withholding tax - Standard tax rate 19%
- Royalties withholding tax - 19%/24%
- Capital gains tax - Standard tax rate 25%
- VAT - Standard tax rate 21% or reduced rates from 0% up to 10% or tax exempt. Tax returns are filed on a monthly, a quarterly or an annual basis
- Personal income tax - from 19% up to 50%.
Apart from such traditional business entity types as a limited liability company (Sociedad de Responsabilidad Limitada - SL) and a public limited company (Sociedad Anónima – S.A.), corporate law in Spain offers to establish a business as:
1. General partnership (Sociedad Colectiva – S.C.)
2. Limited Partnership (Sociedad Comanditaria - S.C.)
3. Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
4. New limited liability company (Sociedad Limitada - Nueva Empresa S.L.N.E.)
5. Sole proprietor (Empresario Individual - E.I.)
6. Joint ownership of property (Comunidad de Bienes)
7. Cooperative society (Sociedad Cooperativa - S.C.)
To receive a detailed description of the company formation procedure in Spain and information about documents necessary for company formation in Spain please contact our experts.
1. General partnership (Sociedad Colectiva – S.C.)
2. Limited Partnership (Sociedad Comanditaria - S.C.)
3. Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
4. New limited liability company (Sociedad Limitada - Nueva Empresa S.L.N.E.)
5. Sole proprietor (Empresario Individual - E.I.)
6. Joint ownership of property (Comunidad de Bienes)
7. Cooperative society (Sociedad Cooperativa - S.C.)
To receive a detailed description of the company formation procedure in Spain and information about documents necessary for company formation in Spain please contact our experts.
Send a request for company formation in Spain
We will contact you within 1 minute
© Prime International Legal Services, 2023.
SERVICES
CONTACT US
Address:
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
