10 steps to incorporating in Spain

Setting up a company in Spain is a straightforward process and can be completed within 2 weeks without our Clients need to travel to Spain. The below overview of company setup mainly applies to a limited liability company (locally known as a Sociedad Limitada), and includes the following steps:

Pre-incorporation steps

  1. Before proceeding with an engagement, CLA Consultants Group i) collects Know your Customers documents on the expected shareholders, directors and ultimate beneficial owners of the Spanish company and the Client ii) settles engagement fees (payable by instalments if necessary) and iii) email-returns the filled and signed CLA Consultants Group’s engagement letter;
  2. CLA Consultants Group’s in-house country expert discusses and confirms with our Client i) the optimal corporate structure for our Client’s business activity and ii) drafts the Power of Attorneys for our Client’s signature, legalisation and courier-return;
  3. If none of the proposed foreign shareholders and directors have a Spanish fiscal number (NIE), the same must be applied and secure before reservation of preferred company name with the Spanish Central Mercantile Registry;
  4. Once the certificate of name availability is issued, our CLA Consultants Group’s corporate banking team will secure a capital account with a Spanish bank to which our Client deposits the initial paid-up capital.

Incorporation steps

  1. Following capital injection and issuance of the certificate of deposit by the bank, CLA Consultants Group attorneys draft and sign the company deed and articles of association before a Spanish Public Notary, who will draft and sign the memorandum of association (escritura);
  2. Thereafter a complete quality incorporation application is submitted to the Central Mercantile Registry through CIRCE, the one stop shop Government agency also used for tax and employer registrations;
  3. After approval, the Central Mercantile Registry publishes the deed in the official gazette (BORME) and the tax authority (Agencia Tributaria) issues the company a provisional tax identification number (CIF);
  4. Our Client will then supply CLA Consultants with a lease agreement for Polish office premises. If our Client does not have a business premise, we will provide virtual office services for the first six months or until our Client secure a permanent business address.

Post-incorporation steps

  1. If our Client engages CLA Consultants Group to discharge their Spanish entity’s monthly accounting and payroll obligations, CLA Consultants Group will apply for the definitive CIF and submit form 036 to the tax authority. Our Client can only start trading after activation of the final CIF;
  2. Before our Client can hire employees in Spain, the local entity must obtain an employer number known as Código de Cuenta de Cotización (CCC) from the Spanish Social Security;
  3. After company setup completion, CLA Consultants Group couriers our Client a complete company kit comprising all Spain company corporate documents. If required, CLA Consultants Group can assist our client to i) hire local staff in Spain ii) open a corporate bank account, iii) secure permanent office space or iv) secure regulatory licenses.

Frequently asked questions

No. A company secretary will not be required when our Clients incorporate a Spain company.

When incorporating in Spain, €3,000 will be required for starting an LLC while €60,000 will be required for a PLC.

As Spain incorporation service providers, CLA Consultants will assist our Clients with i) company registration ii) business license registration iii) immigration solutions iv) employment strategies v) business banking solutions and vi) office rental requirements.

Spain company incorporation process will take 3 weeks for completion.

No. Foreigners incorporating in Spain face no restrictions as to the type of business activity they can perform.

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For more info on company registration, please contact our expert directly:

Mr. Petar Chakarov
Senior Manager, Sales & Business Development
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