Company Registration in Spain

This incredibly spacious, warm, and sunny country is rich in prospects in tourism, fashion, and agriculture. You can register a company in Spain and earn money this year to become a part of it.

We help you make the right investments and form your new activity abroad in the legal and tax questions. After learning more about this country in the European Union, you will understand that the market needs new investments and has something to offer you.

Why Is It Worth Setup Company in Spain

Spain is a tremendous and geographically large country. It is located in central Europe, which makes it an excellent trading point.

The warm climate and consistently stable sun make the land fertile, so agriculture is developing.

Many boutiques and local companies give impetus to the fashion business, and the excellent climate and sea have become attractive to tourists. In addition, there is something to see here. That is why to setup company in Spain for excursions and recreation became popular.

These and other advantages have made possible the growth and popularity of the following industries:

• Tourism and recreation (hotels, hostels, excursions, yacht rental, etc.). You may also find profitable business for sale in Spain.
• SPA and beauty. Many people come here, among other things, for rare beauty treatments and health improvement.
• Food and entertainment. Restaurants, bars, and cafes are available here at any time of the year. The influx of tourists guarantees good revenue during the season, and the local population's love of delicious food makes opening a bar or restaurant profitable in the off-season. People often register business in the meals and drinks direction.
• Agriculture. This is especially true for growing vegetables and fruits, which do not need to create artificial conditions for good growth.
• IT. The presence of tech hubs, digital marketing agencies, and international software companies is familiar.
• Real estate. Many people from Europe and Asia try to buy good housing because of the soft climate and the desire to move.

As you can see, the market offers quite a lot of areas. New business people need to decide on the direction in which you have experience or the one you want to develop. Spain business registry will be quick and with minimal stress if you seek help from lawyers.

Types of Companies in Spain

Up to 10 different options and forms of creating companies for various activities, startup capital, and number of owners exist. Such diversity makes it even more accessible for foreigners to enter the country's economy. You can also always look at business for sale in Spain, where some working moments have already been established. However, in this matter, it is necessary to hire a lawyer who will eliminate all possible risks.

There are several popular options for company registration in Spain.

Sole Proprietor

You are the sole owner. Accordingly, the risks are also borne only by you. A separate advantage is the lack of requirements for startup capital. This is the most common option chosen by small companies or self-employed individuals.

Suitable for freelancers, small businesses, and self-employed individuals.

Jointly Owned Company

Here, all founders are jointly responsible for the risks. This is an option where registration of a separate business entity is not required. As you understand, you will not have a separate legal entity, but you can conduct commercial activities.

Who is it suitable for: professionals who want to combine experience to attract profit.

Stock Corporation

This type of commercial register is a public organization that allows shareholders to own shares. The starting capital must be 60,000 euros, which shouldn't be contributed immediately on the registration day. The form of liability is limited.

Suitable for large companies and public enterprises, attracting investments.

Limited Liability Company (SL)

It's one of the most popular methods of company registration in Spain. The capital must be at least 30,000 euros. The owners can be either one or more people. Liability is limited to the amount of capital you invested, which is an additional plus.

Suitable for medium and small companies with several investors at once.

Newly Created Limited Liability Company (SLNE)

It's a subtype of the previous option. The difference is that you will have a simple online application form, you can do it with up to 5 owners.

Who is it for: small and medium-sized companies that can register even while abroad. Frequent users include startups.

Other options of company formation are also available for individual cases. Our qualified lawyers will advise you based on your needs and the scope of your activities.

Required Documents and Basic Steps for Company Registration in Spain

Having a reliable partner for this task will help you solve it very quickly. Lawyers consult you on important issues and help you overcome the language barrier. Even though most of the population speaks English, you still need to read and understand the meaning of each document you fill out.

Some steps or a list of documents to setup company in Spain may differ. This depends on what type and form of ownership you have chosen and who will be in the new organization (executive director, owners, or investor).

Basic steps to obtain a legal basis to trade goods or services look like this:

• Get a tax number in the country. This will allow you to pay taxes and work legally.
• Visit an offline or online point for company registration in Spain. Here, you will also choose the firm's official name. Fill out all the documents correctly in Spanish.
• Open a bank account through which you will conduct business. For this, sometimes a translator is required, and almost always, you are recommended to come with a lawyer. This is because you may not know the language or fill out forms incorrectly. Some banks do not always want to work with foreigners. However, competent lawyers who speak Spanish will help in solving any situation.
• Place a local notary to certify the necessary documents.
• Fill out the D-1A form to indicate the amount of investment. You can find it in the Register of Foreign Investments (RIE). It is best to send the document to a lawyer for verification before submitting it.
• Inform the regional Ministry of Labor in any way that you have employees. Here, you need to submit statements for everyone.

The cost of opening a company in Spain depends on the type and form of enterprise you have chosen. In each case, different investment amounts will be required. Include a lawyer's consultation in the budget to avoid gaps and fines in the future for incorrectly filled-out documents. Some forms or filing applications can also cost money, but these are not large amounts. There are also options for renting a virtual office for 80 euros. It's a good option for a start. Then you can look for real premises for employees.

The list of documents will look like this:

• Charter and memorandum of association.
• Notarial deed of incorporation of the company.
• Registration in the Trade Register.
• Your individual tax number and identity card.
• Registration in the social security system.
• Licenses and permits.

If you are represented in the country by another person, a power of attorney certified by a notary with an apostille is required. For example, this could be a power of attorney for a lawyer from our company who will organize the entire process quickly.

Our most qualified employees accompany clients during company registration in Spain.

Why Is It Worth Contacting Professional Lawyers to Open Company

You can do the process yourself by visiting certain authorities. However, working with a lawyer is much easier. In addition, this one-time payment will solve many problems at once.

Qualified lawyers of our company will help with such tasks:

• Make obtaining company registration in Spain as fast as possible. All thanks to well-established processes and experience.
• This will help you choose the type of registration for your company. Reduce unnecessary taxes and optimize the work process to achieve goals.
• Accompany all documentation and check for compliance with the rules.
• Will help with a notary and opening a bank account.
• Our lawyers know Spanish and will help overcome the language barrier. Many people in this country speak English, but most government agency employees are still ready for faster communication in their native language.

These and other tips on running a business can be obtained if you contact an experienced specialist.

Is It Possible to Buy a Ready-made Company in Spain

Our specialists help to organize the sale of companies. Therefore, you can inquire whether there are such types of firms that meet your needs and are ready to get a new owner. The advantage is that some working processes are already debugged. However, there are also disadvantages. Here, only a good lawyer will help you and check for all possible risks. For example, it is essential to find out the credit history, the presence of debts, bad relations with clients and suppliers, and the competence in business management and accounting.

Business for sale in Spain is not uncommon. You just need to choose a good place and offer. We are always ready to help with any questions regarding the establishment of your business.

Do you want to buy a ready-made company in Spain?