Company registration in Spain
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The company registration procedure
Before the incorporation of a company in the Spanish Republic, the foreigners as well as living permanently having the interest (the establishment of the company, the purchase of real estate and other activity) in Spain, must obtain an identification number NIE (Número de Identidad de Extranjero).The private limited company is the most popular form of the company in the Kingdom of Spain used for carrying out most of the activities. The procedure of opening the company begins with checking by the state competent authority whether the selected name of the company meets the requirements. The company will acquire company tax payer identification number (C.I.F) at the tax office. The incorporation of the company requires a minimum share capital of 3,000 euros. Founders have to open a bank account and 3000 euros to be paid to the bank account as share capital. Before going to the bank and the notary office, the business plan of a newly established company has to be created to establish what activity (number of planed jobs, amount of money to be invested in the business) the founders will carry out and the company’s articles of association has to be prepared. After all of the said steps, it is necessary to go to a notary to notarize all documents (articles of association, various forms, shareholders’ resolutions, and so on.). After all company documents are notarized, the company is registered in the National Register of Companies. If all documents are consistent with the requirements, the registration of a new company takes about 40 calendar days.All major decisions are taken by the general meeting of shareholders where the Director who supervises the compliance with the Articles of Association is appointed.After the company begins its activity it is necessary to prepare all the documents required for the general meeting of shareholders, to adopt decisions concerning the company’s activities and internal procedures and concerning representation the company in relation to other companies or legal entities.Necessary documents for the company formation in Spain:
- Passport (copy);
- In case of the company incorporation in the name of a client (when setting up a business by the authorized person) – power of attorney;
- Official documents must be legalized or apostilized.
- Registration of the name of a newly registered company;
- Preparation of the articles of association;
- Preparation of documents necessary to obtain the taxpayer code;
- Assistance in preparing a business plan;
- Assistance in opening a bank account (a person must come personally to open a bank account);
- Preparation of all necessary documents to be certified by a notary;
- Virtual address (if necessary);
- Accompanying of a client to various institutions;
- If necessary, representation in the institutions by power of attorney (with the exception of opening a bank account, in this case, the person performing this action has to come personally to the bank).
- First of all, the client should send us the required documents and information – contact details (copy of passport, your email, address, telephone number) by email [email protected].
- Then we prepare the contract.
- The client pays an advance payment of 50% of total amount of our services in order to initiate the process of the company registration.
- Our office prepares all the necessary documents for the client to sign and we send them by email to the client
- The client should print out and sign (name, surname and signature) all the documents that has been sent to him according to the instructions provided. All the signed documents must be sent by a fast post courier.
- After all the signed documents are received, we arrange and prepare a full package of documents of the company registration in Spain.
- After all the documentation is done, we send to the client a scanned company registration in Spain certificate – as the confirmation. Therefore, the client has to pay the remaining payment – 50% of total amount.
- Finally, all the package of the documents is sent to the client by express courier.
The whole procedure of company formation in Spain usually takes up to one month. As our aim is to satisfy our clients, therefore, we do our best in order to meet our clients‘ expectations.If you still feel that you need some more detailed information on how to open company in Spain and how to choose and buy the most suitable company according to your needs, also how much time and how much money the whole procedure will take, we are always ready to help you and provide all the necessary information in all the steps of company registration procedure. So, you are always welcome to write an online message or e-mail to our team because we believe that more you give to the professional‘s hands – more ease of doing business in Spain!