Company registration in Spain

Spain is one of those European countries with the highest level of development. The Spanish jurisdiction offers a well-structured fiscal system, transparent and understandable legislative framework and loyalty to foreign investors. Some forms of entrepreneurial activity in Spain enjoy tax privileges, which so attracts foreign capital owners.

The current tax system in Spain is as follows:

  • Corporations pay 25% tax. This rate is relevant for small and medium-sized companies.
  • Other forms of business can pay tax at a rate of up to 28%.
  • For EU residents, 19% is provided, and for non-residents – 24%.
  • Individuals in Spain pay taxes at a differentiated rate, which ranges from 24.75-52%.
  • 4% for the autonomous sector.

Registration process

Before starting work, an assessor is selected and hired by the owners of the company. Such a manager is obliged to conduct the company’s activities within the country. In addition, foreign founders must obtain a NIE number from a police station before starting the registration process. This gives the founders the opportunity to buy premises for commercial purposes and establish a business directly. Also, a Spanish company requires the mandatory presence of a resident administrator or one who has the citizenship of this state.

Without a residence permit, it is allowed to use only two organizational forms – S.L. and S.A. – in fact, they are very similar to LLC and JSC, respectively. To create this type of organization, owners must:

  • select 3 company names, arrange them in descending order of importance and send them to the registration office for verification;
  • open a local bank account to which you need to deposit capital. The amount of capital varies, since it depends on the form of organization: 3012-60 101 euros;
  • prepare a package of documents and certify it in a notary office. In this case, the owners and the manager must be present;
  • pay the municipal fee, capital tax, and send the documents to the registering authority.

Upon completion of registration, the company receives its own fiscal number of this jurisdiction, acquires a seal and books for accounting.

A special opening procedure is provided for Spanish companies that belong to the ETVE regime. This regime relates to the possession of securities of foreign origin and affects holding structures. Companies that wish to function as companies with a central bank and thus avoid paying the general tax levy can fall into the following categories:

limited liability companies. They are obligated to comply with the ETVE requirements, however, they must also comply with standard tax field obligations and financial and legal regulations;

JSC. There is a minimum capital requirement of 60 thousand euros. At least 25% of this amount is paid immediately, in addition, the capital is divided into shares. This structure is completely open.

The United States may check such a company, which is an ETVE structure, for compliance with the procedures and regulations established by the federal tax system.

If you need to register a company in Spain, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Spain. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

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