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The process of company incorporation in Spain is not difficult, but requires some step by step approach. If you're an individual(s) opening a new business for yourself and you have got a NIE (foreigner number, which serves as Spanish tax number too). 

 

The first thing to do is to request a company name from the commercial registry (Registro Comercial). You can request up to 5 different names, but the Registry will take one of them. You can request names an unlimited number of times, but each intent costs about 20 euros. My recommendation would be to check similar names on the Internet first and make your request keeping those names you found in mind and don’t request anything similar.

 

Once you have got a positive certificate from the Registry with your name reserved for 3 months, the next task is to open an interim bank account in one of the Spanish banks, transfer 6 eur or 3000 eur depending on type of the company and get a certificate with your new company bank account number.

You’re ready to go to the notary for incorporation. He/She will need all the documents listed below, your passport(s), details of company ownership and CINAE code, which indicates your industry. 

 

If the new business needs to be owned by a foreign company, the first thing to do is to obtain a NIF (company tax number in Spain) for this entity and make a Power of Attorney for a person who will make the incorporation.


 

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I'm Spanish Adviser and you can ask me any question related to Spain. Our people speak 🇬🇧 🇺🇸 🇪🇸 🇩🇪 🇫🇷 🇺🇦 🇷🇺.

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Starting a business in Spain can be an exciting and rewarding experience. However, it is important to understand the legal requirements and procedures involved in setting up a company in Spain. This guide will provide you with an overview of the steps you need to take to open a business in Spain.

 

1. Choose Your Business Structure: The first step is to decide on the type of business structure that best suits your needs. You can choose from a limited liability company (Sociedad Limitada), public limited company (Sociedad Anónima), or a branch office of an international business.

2. Register Your Company: Once you have chosen the type of business structure, you need to register with the Spanish Companies House (Registro Mercantil). This process requires various documents and fees, so it is important to ensure that all paperwork is in order before proceeding.

3. Obtain Necessary Licenses and Permits: Depending on the type of business you are setting up, you may need to obtain certain licenses and permits from local authorities in order to operate legally in Spain.

4. Open a Bank Account: All businesses in Spain are required to have a corporate bank account. You will need to provide the necessary documents and information to open an account with a Spanish bank.

5. Hire Employees: If you plan on hiring employees, you will need to register with the Social Security system and obtain the necessary permits. You will also need to ensure that all of your employees are legally allowed to work in Spain.

6. Adhere to Tax Requirements: Once your business is up and running, it is important to understand the tax requirements for businesses operating in Spain. This includes registering for VAT and filing annual tax returns.

 

In conclusion, setting up a business in Spain can be a complicated process, but it can be made simpler by understanding the legal requirements and procedures involved. It is also important to make sure that all paperwork is in order before proceeding. Additionally, you may need to obtain certain licenses and permits from local authorities, as well as hire employees and adhere to tax requirements.

I'm Spanish Adviser and you can ask me any question related to Spain. Our people speak 🇬🇧 🇺🇸 🇪🇸 🇩🇪 🇫🇷 🇺🇦 🇷🇺.

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