Company Formation Spain

Incorporators in Spain find a welcoming environment with non-discriminatory treatment towards foreign investors for company formation Spain . Due to EU membership, foreign investors form EU member states find the process of forming a Spanish company easier.

Preliminary activities prior to registering public and private limited liability companies in Spain
Entrepreneurs must find an unique company name, before registration, and certify the uniqueness of the proposed name at the Mercantile Register. This step is made through submission of the corresponding form, directly at the office of the Central Mercantile Registry, or via e-mail. Also before registration the founders need to open a bank account and deposit the required capital in order to obtain a deposit certificate.The documents of incorporation must be notarized. It must have the identity of the Spanish company shareholders, or members, the disbursement made by each founder and the shares subscribed by each, the administrative body that will manage the firm, and the board of directors. The incorporators need to get the Tax Identification Code (Codigo de Identificacion Fiscal, CIF) from the Delegacion Provincial de la Agencia Estatal de la Administracion Tributaria. An Asset Transfer Tax and Legal Documented Act Tax to the local tax authority within thirty days from the date on which the deed of incorporation was granted.

Registering public and private limited liability companies in Spain
The relevant documentation on the company in Spain, along with the incorporation deed need to be submitted with the Mercantile Registry of the place where the firm has the legal address in maximum two months of the date it was granted. In order to begin the registration process, the entrepreneurs must have proved proof of Asset Transfer and payment of the Legal Documented Acts Tax and tax identification number. Once the Spanish firm has been given a registration certificate, the incorporation of the company in Spain is published in the Official Journal of the Mercantile Registry. Also after registration the company becomes a legal entity in its own right.

Legalization of the company books in Spain
After getting the certificate of registration the incorporators of limited companies need to legalize the corporate books, such as book register of members, or minutes book. Only corporate and accounting books need to be legalized. The process is made through an form application at the Commercial registry, by email or in person.

Obtaining a municipal license to open business premises in Spain
Getting a municipal license to open business premises depends on the type of license needed and on the firm's business activities. This is made through an application at the Departamento de Urbanismo del Ayutamiento, and may take up to fifteen days.

Filling for social security
After registration, the formers need to register all the workers with the local general treasury of social security at the Tesoreria General de la Seguridad Social. The entrepreneurs need to submit the corresponding filled form, a copy of the deed of incorporation, a photocopy of the applicant's national identity, or power of lawyer and the firm tax identification number. Registering for social security need to be done prior to starting the business activities.

Set up a Spanish company from abroad
The Spanish government encourages foreign investment offering an equal treatment, although not preferential, giving many incentives in most domains.Foreign entrepreneurs may form a company in Spain using an assignee with a power of attorney to form the company in Spain. However it’s needed a legal address in Spain.

How long does it take to establish a Spanish company?
Getting the certificate of name uniqueness may take four days, while most of the procedures are done in the same day as the application, especially if they are done online. However filing the deed of incorporation of the firm for registration may take up to fifteen days, same as legalizing the firm’s books and getting a municipal license to start business activities. A Spanish company may take up to 90 days to be established, but depending on the business type, it may take less time.



Our attorneys will offer instant help with company formation Spain in matters of official registration, structure, financing, taxation, office registration. We handle both Spanish Limited Liability and Joint-Stock company formations.