Europe Emirates Group can help you start your business in Spain
Spain company formation takes approximately two working weeks. Acceptable company suffixes include Sociedad Limitada Unipersonal or Sociedad Limitada, with the former applicable for companies with only one owner.
The company must propose a name for approval to begin the process and must also submit the names of its director or directors and shareholders, with approval given by the Mercantile Register.
A notary then takes over the process and the relevant tax authorities and chosen are notified of the approved name. Minimum requirements for share capital apply but shareholder names are kept private after publication in the Mercantile Record upon formation of the company. The company will receive a VAT number and a VIES number, which may take up to two months.
Only one director and shareholder are required, and the company must maintain a local registered office. Each of the shareholders and directors in the company must also be supplied with a fiscal identity number.
There are no nationality or residency requirements for directors or shareholders and the company can become operational as soon as it receives its CIF number, which is usually on the day of incorporation and is the equivalent of a VAT number.
Company formation in Spain does require that the company register with social security. This can be done at the office where the registered address is located. The company must also choose a health company if they elect to employ within Spain.
Notary and government fees are applicable with annual renewal fees and various filing requirements including environmental impact reports.