Forming a Spanish Company
- Incorporation time: 28 days
- Shelf companies: No
- Accounting: Yes
- Secretary: Yes
- Nominee Shareholder: No
- Nominee director: No
History of Spain
Almost entirely surrounded by water, the Kingdom of Spain occupies the major part of the Iberian Peninsula. Formerly a great colonial power, the country now has over 46 million inhabitants and claims to have the largest land area in Western Europe. Spain has been part of the European Union since 1986.
Spain as an Onshore Centre
While Spain has a high rate of basic taxation, there are reduced rates for some businesses, depending on the level of their registered capital. There are also many tax deductions, e.g. for the R & D sector. The main types of companies for foreign investment are:
- Limited liability company
- Public limited company
- General partnership
- Joint ownership
You will need to ask the Spanish Embassy in your country for a Spanish identification number (NIE) in order to create a company.
Taxation in Spain is capped at 35%, although some agreements with Gibraltar allow optimizations.
Types of Spanish Company
The time required to create a company in Spain is very long – 28 days – and it is a quite onerous process, with ten different steps.
|Types of companies||Capital||Number of partners|
|Limited liability company||EUR 3,005 minimum||At least one shareholder, limited liability.|
|Public limited company||EUR 60,101 minimum||At least one shareholder, limited liability.|
|General partnership||No minimum capital||At least two partners, unlimited liability.|
|Limited partnership||No minimum capital||One general partner must assume unlimited liability but all limited partners enjoy limited liability.|
Link : Trade Register