Spain – Company Formation Services from 1.900€

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Start a New Business in Spain

BACK SPAIN

Besides boasting the rich culture, good quality of life, access to talented professionals and technology, Spain has numerous other attractions to draw new businesses there.

Among the booming sectors for potential businessmen to consider include are technology, mobile devices, renewable energy and energy efficiency, biotechnology. Also, as a member of the European Union, Spain has direct access to the EU markets and is geographically close to North African and Middle Eastern markets. Its area of influence includes the Latin America countries, with which it has the most treaties to avoid double taxation.

Setting up a business or investing in Spain is not hard. However, to do it right and avoid any problems that may arise in the future, you will need the appropriate legal, tax and employment advice.

Step 1:

1.Obtaining the NIE

First, you must obtain your identification number as a non-Spanish citizen called NIE. The NIE will allow you to open a bank account, to work and create a business. This number can be obtained very quickly (generally within one day).

2. Certification of company name

Then, you must prepare an application documents to certify the company name.  You are required to provide with five different possible names for your future business.

In the next following four days, a document of the company will be drawn up, certifying that you are the only person to own this particular company name.  This document will be necessary for the constitution of the company and will allow you to register your company in the Mercantile Register of Madrid.

3. Opening a bank account for the company

Once you have the certificate of the company name, the next step is  opening a bank account in Spain. This account must wear the name of your company. When creating a SL, the minimum capital required is € 3006.

4. Going to the notary

This step is really important when setting up a business in Spain. You will determine the structure of the business and the status of the owners.  At this time, you will be confronted and will have to provide answers to the following kind of questions: What is the degree of participation of owner, who has a decisional power, what would happen if one of the partners wants to sell its stake …

The specification of these judicial elements is very important to set up a business. Therefore, we advise you to contact a Spanish accounting firm to help with the legal part.

5. Registering

The fiscal number CIF (VAT) of a company is essential to its constitution. This number may be obtained within 3 days. Then we will declare the taxburden of the company in Spain, and communicate the activity that the company will develop in Spain. Before starting a business, it will also be important to establish a fiscal strategy.

Step 2:
Send your company details to Novasigma or schedule a meeting before incorporation. Remote company registration in Spain available for all nationalities.

Step 3:
The whole process of Spanish company incorporation performed by a Spanish law firm takes around two working weeks. After the registration, you should hire an accountant.

1.0 REQUIREMENTS AND SPECIFICATIONS IN SPAIN

Entity type and suffix: Limited liability company, (S.L)
Shareholders/Founders: at least 1 person or legal entity, foreign entities accepted
– Documents Copy of I.D. document of a founding partner(s)
Directors/Board members: at least 1 natural person, non-resident directors accepted+ 1 Spanish based authorized signatory
– Documents Copy of I.D. document of a person to be registered as a director
Share Capital: The minimum share capital requirement is EUR 3.000€
Residency:
Corporate tax: 25% (Tax prepayment registration mandatory if business will be domestic) 
VAT: 21%
Annual financial report: Yes
Registration address: Yes (in Spain)
A Company bank account: Start account is required before company registration

2.0 EXPRESS COMPANY FORMATION SPAIN from 1.900€

Novasigma Express Company Formation service offers a possibility to set up company fast in Spain using only 1 founder and/or director (natural person). You can send company details and founder/director details by filling an order form below. Once we have reviewed your request Novasigma Account Manager will call you within a same business day for additional details and prepare an retainer of EUR 240 including company name availability check and document review. Remaining balance will be paid before processing the company registration. We accept payments with bank transfer, Bitcoins or in cash.

If you are interested to set up a private limited or public company (PLC) with more than 1 founder/director or at least one of founders/shareholders will be a local or a foreign legal entity, your company will require a business licence or you are interested in administration/nominee services, please find details for 3.0 Advanced Company Formation below.

2.1 THE EXPRESS SERVICE INCLUDES:

  • Establishment of company by an individual entity (Max. 1 founder/director, natural person only)
  • Limited liability company (S.L) registration in Spain
    • Preparing of standard M&MA and Minutes of Meetings
    • Assistance for company founders in Spain OR
  • Notary and Commercial registry Fee
  • Remote company registration available +400€
  • Company documents available in digital format after registration

2.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST

  • Registration address and post scanning service in Spain +660€/year
  • Spanish ID (NIE number) + 700€
  • Accounting, bookkeeping, VAT and company secretary service for the company from 600€/year + 250€/mo
    • Assistance in VAT registration, Tax prepayment registration and insurances in Spain +350€
  • Opening of a corporate start bank account/business account in Spain +600€

3.0 ADVANCED COMPANY FORMATION from 2.900€

With Novasigma Advanced Company Formation you can set up company with multiple founders and directors including foreign legal entities. Advanced company formation service includes always possibility to FREE business and tax consultation before incorporation. With Advanced Company Formation we can search/introduce available nominee shareholders and/directors for your company to protect privacy in jurisdictions where such a service is legal. You can send your company details by filling an order form below or just send us a message so we will call you back.

Once we have reviewed your request Novasigma Account Manager will call you within a same business day for additional details and prepare an retainer of EUR 490 including business and tax consultation, company name availability check and document review. Remaining balance will be paid before processing the company registration. We accept payments with bank transfer, Bitcoins or in cash.

3.1 THE ADVANCED SERVICE INCLUDES:

  • Business and tax consultation before incorporation – Face2Face meeting at your nearest Novasigma Office or Video/Phone meeting with Business/Tax Consultant – 2h FREE 
  • Establishment of company by: 1+ founder who can be a local or foreign entity, 1+ director who can be non-resident private person (at least 1 resident director recommended)
  • Limited liability company (LLC) registration in Spain
    • Assistance for company founders in Spain
    • Remote company registration available +400€
    • Public Limited Company (PLC) formation available – ask quotation
  • Company documents available in digital and printed format after the registration completed
  • Notary and Commercial registry Fee
  • Opening of a corporate start bank account/business account in Spain +600€

3.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST

  • Extra business consultation/additional declarations/applying business licences before incorporation 125€/h
  • Tax consultation service pack for private persons 850€, Tax Consultation and preparing of international corporate structure 2490€
  • Legal advisory and corporate lawyer services in Spain 250€/h
  • Company formation by a legal entity or 2+ founders/directors +350€/entity
  • Searching/appointment of a nominee director of your newly established Potugal company 2.400€ + from 600€/mo (proper business plan required before an assignment)
  • Searching/appointment of a technical UBO before company registration 1.200€ + from 300€/mo (proper business plan required before an assignment)
  • Spanish ID (NIE number) + 700€
  • Registration address and post scanning service in Spain +660€/year
  • Notary and Commercial registry Fee + 700€
  • Accounting, bookkeeping, VAT and company secretary service for the company from 600€/year + 250€/mo
    • Assistance in VAT registration, Tax prepayment registration and insurances in Spain +250€
  • Opening of a corporate start bank account/business account in Spain +600€

4.0 HOW TO PROCEED?

  1. Fill and send the order form below (EXPRESS FORMATION) or schedule a meeting with Novasigma (ADVANCED FORMATION)
  2. Novasigma will contact you and send you an invoice for a prepayment.
  3. Novasigma will send you a questionnaire about proposed business, shareholders and directors
  4. Send all required documents about shareholders and directors
  5. Schedule time and date for a registration and bank account opening in Spain OR send a notarized POA with Apostille (in case of remote company registration)
  6. Novasigma will send you an invoice
  7. The company will be registered normally within 3-5 business days
  8. Hire Novasigma as an accountant!

5. ORDER A SPAIN COMPANY FORMATION SERVICE

Payments after the review of request – Bank Transfer, Bitcoin, Cash (EUR, USD, GPB, HKD, BTC)

  • Express Company Formation – Retainer EUR 240
  • Advanced Company formation – Retainer EUR 490

In cases KYC or/and Due Diligence process required Novasigma might require a personal meeting with all its new clients before proceeding any assignment


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Novasigma provides international accounting services, company formation services, legal, business and tax advisory services | Terms of Use & Terms of Business | © 2016 NOVASIGMA Global - Accounting & Law Cooperative ("NOVASIGMA LIMITED"). Member firms of the NOVASIGMA Global - Accounting & Law network of independent firms are affiliated with NOVASIGMA Global - Accounting & Law. NOVASIGMA Global - Accounting & Law provides no client services. No member firm has any authority to obligate or bind NOVASIGMA Global - Accounting & Law or any other member firm vis-à-vis third parties, nor does NOVASIGMA Global - Accounting & Law have any such authority to obligate or bind any member firm. Independent registered advisers, lawyers and accountants are not owned by, affiliated with or supervised by Novasigma or its affiliates. Novasigma provides custody, trading and operational support services for advisers, lawyers and accountants. Not all products and services available through Novasigma and its affiliates are available through advisers, lawyers or accountants. Registration does not imply a certain level of skill or training. Depending on jurisdiction there might be eligibility requirements to work with a dedicated Financial Consultant, Lawyer or Accountant. Wealth management, accounting, audit and legal services refers to products and services available through the operating subsidiaries of the Novasigma Corporation of which there are important differences including, nut not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which product and/or services to select. Novasigma provides a full range of business, financial, banking and tax advisory, accounting and legal services through its operating subsidiaries.

All rights reserved. NOVASIGMA is a trademark of SilverFox & Co. Inc. Online services by NOVASIGMA LIMITED - Suites 41/42, Victoria House 26 Main Street, Gibraltar GX11 1AA.

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