Our law firm helps you start your business in less than a week after receiving all the necessary documents throughout Spain.

We listen patiently to your business plan and advise you accordingly on the best choice for your new business. This concerns the shareholders NIE, the registration of the tax authority, the bank account of the company and the registration of the social insurance. We also support you at the notary for the signature of the foundation deed and take over the registration in the commercial register and the tax office as well as your application for the VAT identification number.

The first step of the start-up process is the registration of the company name in the central register of the company (Registro Mercantil Central). To do this, you need to give us three different name options to make sure that at least one of the names is accepted as a company name, as there is a likelihood that some of the names have already been adopted by other companies. We would suggest a list of possible options if all of them are already taken. We would file the application on behalf of the shareholders and pay the fees to the registry.

If you are not a Spanish citizen or have a Spanish tax code, you, as a shareholder, shareholder or director, must apply for an NIE number before opening a bank account, registering with the tax office or signing the formation. We support you or apply for them on your behalf at the immigration police.

Once the NIE_number and the company name certificate are issued, we can apply for the bank account of the company, even if the company has not yet been founded. In Spain, banks allow you to open a bank account only with these two documents (NIE and company name certificate), although it will only work once the entire startup process has been completed. The minimum amount for a limited liability company (Sociedad Limitada) is 3,000 euros (which can also be provided as a contribution in kind).

Since we received the NIE, the company name and the capital certificates, we will apply to the notary for an appointment for the founding signature. The Articles of Association of the Company must be prepared in accordance with the activities of the Company, the shareholders and the Directors. It is therefore essential to get a clear picture of these issues before that time. Depending on the activity of the company, it can be sent to the business register in a telematics application, which requires quick registration. These are referred to as "express companies" and are only possible if the shareholders are natural and not legal entities.

The company registration has different levels. After the founding signature and after registration of the shareholders with the tax office, we can apply for the provisional VAT registration number of the company at the tax office. If it is an express company, the certificate will be sent to the business register via a telematics application. If not, it will be submitted in person. The registration process takes about 7 days.

The general VAT rate is 21% and is paid by invoicing companies. The only exception is companies based in the Canary Islands or European companies if the Spanish company has the European VAT identification number. Otherwise the VAT has to be calculated.

If you have further questions about starting a business in Spain, please do not hesitate to contact us.

The benefits of starting a business in Spain cover various areas. From the many existing facilities, the legal and taxation, to the strong growth of the Spanish economy. In recent years, these advantages are obvious. In fact, Spain is currently the 14th largest economy in the world and the fifth in the European Union. The approximately 46 million consumers living in Spain and the more than 75 million tourists who visit it each year generate a growing market with room for all entrepreneurs.

The Spanish tax system makes the situation easy for foreign investors. The Spanish tax authority has a fully computerized system where most procedures are conducted online. In addition, the tax burden on companies is moderate, below the EU-28 average and the euro-zone average. Second advantage: You pay less than in other countries (maybe even less than yours!).

On the other hand, Spain's communications and infrastructure network is one of the best and most complete in the world. E The World Economic Forum (WEF) has placed Spain in twelfth place in the world ranking in its recent Competitiveness and Infrastructure Competitiveness Report. This is, without a doubt, a fundamental fact for any foreign businessman looking for the right place for a business project.