a

Facebook

Twitter

Copyright 2021 Klevvera.com
All Rights Reserved.

(+34) 93 17 60 190

CALL US FOR A CONSULTATION IN SPAIN

USA: (+1) 646 475 67 89

UK: (+44) 203 868 94 90

Facebook

Twitter

LinkedIn

Menu
KLEV&VERA > Business in Spain  > How do I Start a Limited Company in Spain?

How do I Start a Limited Company in Spain?

Starting a limited company or Sociedad Limitada is a manageable process, but one that involves a great deal of bureaucracy, capital, and effort. Before trudging ahead, there are a number of preliminary steps that must be undertaken. If you are not already a resident of Spain, you and all other directors will need to get a Foreigner Identity Number or NIE. This will provide Spanish residency for business purposes. You will also need to register the company name with Spain’s registry of companies the Registro Mercantil. This will ensure that no other company in Spain is using the name already.
The next step will be obtaining a tax ID for the company. With your NIE, tax ID, company name registry, and €3000 in hand, you can now open a company bank account. The €3,000 is the minimum amount of money you will need to deposit. For those not residing in Spain, you will need to register with tax authorities using a Form 030. The last preparatory step will be obtaining an electronic signature for every partner involved. These electronic signatures are often required for doing business in Spain and will more easily allow you to operate your company remotely.
Once you have completed these preliminary steps, it is time to officially establish your business. This begins with the Deed of Incorporation. This will serve as the company’s charter and articles of association. Once you have drafted the deed and chosen a legal address for the company, you must sign the deed before a Spanish Notary Public. If you need it, bring someone that can translate from Spanish. The purpose of the signature is to verify that you and the partners are the true owners of the business.
Once the deed is signed, you can register the company with the Registro Mercantil, the same agency with which you register your company name. After that is done, the final step will be to register with the Social Security authorities. If all of this sounds daunting, know that many of these steps can be done by establishing a power of attorney in Spain. This will allow someone else, such as a lawyer, to act on your behalf. This will add to the costs, but will most likely save you time and stress.

Author: Anna Klevtsova

No Comments

Leave a Comment

In accordance with the precepts in Constitutional Law 15/1999 for the Protection of Personal Information and the General Data Protection Regulation 2016/679 EU, Klev&Vera Law Firm, SLP wishes to inform you that all the information Klev&Vera Law Firm, SLP receives within its different services is processed with maximum confidentiality and security, and will be incorporated into an automated file of whose creation the Data Protection Agency is duly informed. The data you provide us, namely your email address and your location (if applicable) may be used for sending you advertisements or any other information that may be of interest. Information requested and marked with an asterisk (*) is required. In any case, you can exercise your rights of access, rectification, suppression, portability, and limitation or opposition to data processing by writing to Klev&Vera Law Firm, SLP. In your request you must include your name, and your address for notification purposes, date and signature of the applicant and also a photocopy of ID or passport or other documents, in order to verify your request, all without prejudice to other purposes and/or procedures established by legislation. For sending such requests you must use a way which proves its sending and reception.

You hereby accept and give your consent freely and with sufficient information, to provide the above information for its delivery and processing, as well as allow us to pass your data to third parties who collaborate with us for the correct functioning of our firm.

Our official address is: Carrer de València, 281, 2º 2ª, 08009 Barcelona, info@klevvera.com.