PROCEDURES FOR THE ESTABLISHMENT OF A COMPANY IN SPAIN FOR FOREIGNERS

 1. Granting a power of attorney to whom will take over the company establishment.

 2. Appliying for S.S. ID’s (N.I.F. / N.I.E.) of non-resident partners and managers.

 3. Requesting of a Negative Certification Designation

 4. Opening a bank account for conducting monetary contributions and the obtainance of  Bank certification.

 5. Setting up the Spanish company before a Public Notary.

 6. Requesting a provisional tax identification number for the company.

 7.  Settlement Transfer Tax.

 8. Commercial Register Entry. 

 9. Legalization of the Registration Books and Partnership.

10. Fiscal Procedures.

11.  labor Paperwork.

PRICE OF THE INCORPORATION OF A COMPANY IN SPAIN

1.- Application for a name at the Central Registry of Madrid.                                35,00 euros.-

2.- Scriptures for the establishment of the trading company.                               220,00 euros.-

3.- On line Signing up of Scriptures for the establishment of a trading company.                                                                                                        40,00 euros.-

4.- Legalization of the Registration Books and Partnership.                            70,00 euros.-

5.- Consultancy expenses.                                                                                726,00 euros.-

                                                                                      TOTAL             1.091,00 euros.-

Prices of notary services and different registrations may vary depending on Corporate Social Capital. This budget is made as a template for the minimum Social Capital permitted (3.006,00 euros)

An important prerequisite is that you also have to sign the statement to the Foreign Investment Registry, which is currently exempt of tax payment.

The hardest task is the appropriate performance of the power which must state the appointment of a tax representative resident in Spain, registration and assignment of the legal rights holder of the company, company data, its creation, registration and representation entitlement.

Anyhow, in order to avoid possible shortcomings, all this paperwork is already included in the consultancy cost.

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