A limited company in Spain is a very flexible business tool.
To create a company (SL) in Spain, you will need to follow these steps:
Choose the name of your company
The first step is to choose a unique name for your company that is not already in use. We will check the availability of your chosen name at the Central Mercantile Registry.
Obtaining a NIE
You will need to obtain a NIE if you don’t have one (see explanation in website of what a NIE is)
Draft the company's bylaws
The company’s bylaws are the legal document that outlines the company’s purpose, structure, and operating procedures. It is advisable to hire a lawyer that is specialised in companies and can explain you with detail the consequences of all the bilaws.
Deposit the capital
To create an SL, you will need to deposit a minimum of €3,000 in a bank account in your company’s name. You will need to provide proof of this deposit to the notary when you sign the company’s bylaws.
There is also the possibility of declaring that the capital money has been paid into the company’s cash fund, without further proof.
The capital can also be brought into the company by partners with movable assets: computer, furniture…
Sign the company's bylaws
The company’s bylaws must be signed before a notary public in Spain.
File the company’s constitution tax forms into the tax office.
Register the company
Once the bylaws are signed, you will need to register your company with the Central Mercantile Registry of the province of incorporation.
Register for taxes
You will need to register your company for taxes with the Spanish Tax Agency.
Obtain any necessary licenses
Depending on the type of business you are starting, you may need to obtain additional licenses or permits from local or regional authorities. Your solicitor will explain with detail
Register for social security
If you plan to hire employees, you will need to register for social security with the Spanish Social Security System.