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Company formation in Spain
What is a Sociedad Limitada (S.L.) ?
How long does the full company formation process take ?
Opening the company bank account.
What do I need to do to commence the company formation process ?
Where will the Notary's signing take place ?
When is payment due for the company formation ?
How many shareholders must a Sociedad Limitada (S.L.) have ?
What are the special obligations for a single shareholder company ?
Who has the power of representation of Spanish companies ?
What documents should the shareholders and administrator hold ?
Registered office requirements
This type of company is recommended if you wish to start a small- or medium-sized business in Spain.
1.
Obtaining
a
certificate
from
the Mercantile Registry confirming that
the company name you desire is available.
2. Preparation of the the company Articles.
3. Organising a Notary's appointment and paying the Notary's fees.
4. Payment of Stamp Duty.
5. Obtaining a tax code (CIF) for the company.
7. Deposit of Articles in the Mercantile Registry and payment of
Registry fees.
8. Publication of your company formation in the State Bulletin
(B.O.R.M.E).
9.
Registering
your
company's
business activities for tax and VAT (form
036).
Our current charge for company formation, with a Notary signing in Barcelona, is 1,449 Euros plus VAT.
Where will the Notary's signing take place ?
We recommend that the Notary's signing takes place in Barcelona. However we also have long-established relationship with the gestorias in Madrid, Valencia, Alicante, Malaga and Cadiz if you would like to arrange a signing there.
If the Notary's signing takes place in Barcelona, it is still possible to have the registered address of your company in a different area of Spain.
Payment is as follows:
- 300 Euros plus VAT on go-ahead.
- The balance on or before the date of the Notary's signing.
Payment is by direct bank transfer, principally to our main bank account in Spain; however we also have local accounts in the UK, France and Italy.
Any number of shareholders is possible. They may be either individuals
or corporate entities.
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What are the
special obligations for single shareholder companies ?
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This power of representation is with the company administrator(s). These are named when the company formation takes place..
The administration of the company can be in the form of:
- Sole administrator- administrator unico.
- More than one administrator- administradores solidarios,
where any administrator can represent the company independently.
- Joint administrators- administradores mancomunados, joint signature is required for the purposes of company representation.
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What documents should the shareholders and administrator hold ?
The company administrator and shareholders should be in possession of a Spanish ID number (NIE).
The Notary's signing can take place while you are waiting to receive your NIE, however it is necessary to obtain the company tax code (CIF).
An NIE number can be obtained in the following ways:
- From Spanish Consulates or Embassies abroad. This is generally a slow process as the documentation still needs to be sent to Spain for approval before the NIE is granted.
- At the Policia Local / Extranjeria offices in every town and city in Spain. Please let us know your location and we will advise you of the nearest office.
Registered office requirements
It is a legal requirement for your company to have a registered address in Spain. If you do not have a physical office here, we can refer to you to some business centres in Barcelona who provide a registered address service. A basic domiciliation service starts at around 70 Euros per month.