| |
|
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
| |
| What is a Sociedad Limitada (S.L) ? | |
| A Sociedad Limitada (or Sociedad de Responsabilidad
Limitada) is a Spanish limited company with a minimum share capital of 3,006
Euros. This type of company is recommended if you wish to start a small- or medium-sized business in Spain. | |
| How long does the company formation process take ? | |
| You should allow for at least thirty days from go-ahead until the obtaining of your tax code (CIF) which will allow you to commence trading. | |
|
| |
| Prices and services included | |
| All the
Spanish procedures necessary for company formation are included in our
charge, namely:
1. Obtaining a
certificate from the Mercantile Registry confirming that the company
name you desire is available. Our current charge for company formation, assuming a signing in Barcelona, is 1,399 Euros plus 16% VAT. | |
|
In Spain is necessary to open an "in constitution" bank account before
the formation can take place. The client must deposit the share capital
and the bank will emit a Certificate of Deposit.
We are happy to communicate with the client's Spanish bank to ensure
that the opening process is as smooth and rapid as possible.
For non-resident clients who do not have any contact with Spanish banks
we can, in certain circumstances, arrange with bank "La Caixa" in
Barcelona to open an account. For this it is necessary for the client to
make a preliminary visit to Barcelona to sign the papers at the bank.
| |
| Where will the Notary's signing take place ? We recommend that the Notary's signing take place in either Barcelona or Madrid. We have a long-established relationship with the gestorias and Notaries that we use in these cities, which will help to ensure a smoother constitution process. This will not prevent you from having the registered address of your company in a different area of Spain. Our extra charge for this is approximately 200 Euros, to be confirmed once we have agreed a charge with the local gestoria concerned.
| |
|
When is payment due for the
company formation ? Payment is as follows:
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.
| |
|
How
many
shareholders can a Sociedad Limitada (S.L.) have ?
| |
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:
[to top]
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 this document is necessary to obtain the company tax code (CIF). An NIE number can be obtained in the following ways:
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 60 Euros plus VAT per month.
| |
|
The first step is to reserve your
company name. Please
contact us stating three alternative company names, starting
with your first choice. For example:
ABCD
Enterprises, S.L.
ABCD
Enterprises Spain, S.L
ABCD
Enterprises 2008, S.L.
To commence, you should make a payment on account of 348 Euros (300 Euros plus 16% VAT), payable by bank transfer. We will provide account details on go-ahead.
If you are
searching for company formation Spain, Spanish company formation or
alternatively company formation in Spain, we can be of assistance.
For those clients who would like assistance with Spain company
formation, limited company formation Spain and also Spanish limited
company formation, we provide a complete service. |