COMPANY INCORPORATION IN SPAIN

To register a company in Spain, you must first obtain your NIE number (Número de Identificación de Extranjero – Identification Number for Foreigners). Spanish authorities require that all foreign individuals who make direct investments in Spain hold valid NIE numbers, therefore everyone who will be a shareholder or director of the newly incorporated Spanish company must have it.

After you receive your NIE we can incorporate your company in 5 easy steps:

1. Requesting the Certificate of Uniqueness (Certificación Negativa del Nombre)

In Spain company names must not be identical or similar to other already existing companies.  All company names must be verified and approved by the Mercantile Register.  We will request that you provide with 3 potential company names -  it is important that these are safe options which will ensure approval. However if all 3 options are rejected, we will request that you provide us with additional company names.

2. Requesting a Temporary Tax Identification Code (CIF) from Agencia Tributaria

After obtaining the certificate of uniqueness we will request a temporary tax identification number (CIF) from the Tax Office (Agencia Tributaria). This is mandatory step to be able to set up a corporate bank account in the entity’s name and pay the initial share capital.

3. Opening up a Bank Account

Next, we will open a bank account for your new company where you will need to deposit the capital. The amount of capital depends on the type of company you have decided to register, for SL companies (Spanish equivalent of limited liability companies) the initial capital is EUR 3 000.

The bank will provide a certificate (Certificado del Desembolso Efectuado) which proves that the capital was deposited.

4. Signing the Deed of Incorporation

The deed of incorporation must be signed before a notary public. You don’t have to travel to Spain to do that, as we can provide you with a Power of Attorney and represent you in front of the notary and authorities.

In addition to the PoA and documents obtained previously, the notary will ask for the company statutes: company name and business purpose, the company address, capital and shareholders, any payment arrangements made for directors or administrators and so on. Our team of experts will draft them on your behalf.

5. Registering the Company

After signing the deed of incorporation, we will stamp it at the tax office. Once stamped we will take the deed to Mercantile Registry for submission with the official registry of companies, this process usually takes around 2 weeks.

After we receive confirmation of registration, we will go the tax office to request your permanent CIF number and register your company with the Social Security.

ADVANTAGES

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