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Company formation in
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
Cost of services
Formation ofS.R.L.
Timeframe - 15 working days
EUR 1900
Standard
  • Company formation
  • State fees
  • Legal address for 1 year
  • Notary services
  • Company seal
  • Tax number for 2 foreign shareholders
Select
EUR 2900
Extended
  • Company formation
  • State fees
  • Legal address for 1 year
  • Notary services
  • Company seal
  • Tax number for 2 foreign shareholders
  • Bank account in Spain
Select
From EUR 3500
Ultimate
  • Company formation
  • State fees
  • Legal address for 1 year
  • Notary services
  • Company seal
  • Tax number for 2 foreign shareholders
  • Bank account in Germany
  • Accounting services for 1 year
Select
Send a request
for company formation
Bank account in Germany at the Commerzbank AG
EUR 1400
Readymade companies in Spain with a bank account
From EUR 2500

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

  • Low taxation of a group of companies
  • 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 Spanish banks in any currency
Ease of establishing and doing business
  • 100% foreign ownership of a company is available
  • Fast company formation in Spain
More about Spain
General information
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 4,7 million people.
Economy
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.
Types of business-activities
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:
  • banking services
  • insurance services
  • energy sector
  • gambling
  • television, radio
  • defense industry
  • air transport.
Key taxes and tax rates
  • 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
  • Dividend withholding tax - Standard tax rate 19%
  • Interest withholding tax - Standard tax rate 19%
  • Royalties withholding tax - 24%
  • Capital gains tax - Standard tax rate 25%
  • VAT - Standard tax rate 21% or reduced rates from 4% up to 10%
  • Personal income tax - from 19% up to 45%.
Key types of business entities
Apart from such traditional business entity types as a limited liability company (Sociedad de Responsabilidad Limitada - S.R.L./S.L.) and a public limited company (Sociedad Anónima – S.A.), Spanish corporate law 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.
Send a request for company formation in Spain
We will contact you within 1 minute
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Contacts and address
Phone: +7 (495) 240 91 94
E-mail: request@pil-services.com
Skype: info@pil-services.com
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