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.
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.
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.
Send your company details to Novasigma or schedule a meeting before incorporation. Remote company registration in Spain available for all nationalities.
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.
|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€|
|Corporate tax:||25% (Tax prepayment registration mandatory if business will be domestic)|
|Annual financial report:||Yes|
|Registration address:||Yes (in Spain)|
|A Company bank account:||Start account is required before company registration|
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:
2.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST
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:
3.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST
Payments after the review of request – Bank Transfer, Bitcoin, Cash (EUR, USD, GPB, HKD, BTC)
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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