Spain Company RegistrationDownload Information Sheet
The key features of a Spain Company Formation are:
- Spain is the 9th largest economy in the world
- Shareholders can have anonymity
- Transferring shares are often recorded in house only, so the ownership of the company can be confidential
- Profits coming from foreign subsidiaries are untaxed
- The company only needs one Director and one Shareholder which can be the same person
- The Director must be an individual person
Spain is located on the Iberian Peninsula in southwestern Europe. Its mainland is bordered to the south and east by the Mediterranean Sea except for a small land boundary with Gibraltar, to the north and northeast by France, Andorra, and the Bay of Biscay, and to the west and northwest by Portugal and the Atlantic Ocean. Along with France and Morocco, it is one of only three countries to have both Atlantic and Mediterranean coastlines.
The two most popular forms of company to incorporate in Spain are Public Limited Company (S.A.) and Private Limited Company (S.L.). Incorporating a company in Spain is a more complex process than in many other European countries, and our friendly customer service team will ensure that your formation is as easy / simple as possible.
To request a free consultation about your Spain company formation with our experienced team, please call us on +44 (0)1302 729041 or email [email protected]. Alternatively, use the live chat facility on our website.
Why not take a look at our article on offshore company benefits?
What’s included for £3019.00
- Spain Company Registration
- Spanish Government Registration Fees
- Registered Agent for 1 Year
- Original Registered Company Deeds
- Two Copies of the Company Deeds - The copies are issued by a Notary printed on Notarized paper
- CIF Certificate - Acts as your VAT Number
- Proof of Applying for the CIF
- Original Modelo 600 (Stamp duty form)
Once we have received all the required identification documents, the Spain company formation process will take approximately 2 weeks subject to compliance review.
Please note: Due to the difference in time zones we work on, the replies will not always be immediate from the agent and can impact the response time.
Offshore Bank Account
After forming your company you may wish to open an Offshore Business Bank Account. CFS International Formations have a close working relationship with many Offshore Bank Accounts.
The Banks we have chosen to work with meet our high standards of confidentiality has a high reputation and offers a wide range of banking services which we believe will best suit your requirements.
To apply for an Offshore Bank Account, you will need to comply with the identification requirements. Like us, the Bank must ensure they are complying with the authorities, as this will help to reduce the chances of Money Laundering.
Listed below are the Accounts we are able to offer you for your Spain Company:
Why Form a Company in Spain
Spain is the second largest country in Europe. Spain’s economic growth has soared throughout recent years. There are many desirable assets to a Spain incorporation, including hidden Shareholders, share transfers and ownership does not have to be recorded with the authorities so changes can be kept within the in house records.
Incorporating a Company in Spain is a quick and simple and has many advantages. Out of the countries in the EU, Spain has one of the strongest and most active economies. The government in Spain have spent a lot of time investing in their local businesses to ensure the status of having a strong economy is upheld.
The main advantages of a Spanish Company formation is, the Liability of the shareholders is limited to the initial capital, only 1 shareholder is required this can be either an individual or a company. Bank loans are easier to access because a Spanish SL shows a better image than any other company types in Spain, Shareholders can retain anonymity, the ownership and transfers are performed in house so can be kept confidential.
Within Spain several companies’ types exist but the most common form of Spanish company is the Sociedad Limitada or S.L. the benefit to incorporating a SL is the limited liability the corporate entity affords its shareholders. Typically the shareholders and directors are not liable for the debts and obligations of the company.
Tax Information for your Spain Company Registration
In Spain, legal measures have taken place which allow local and foreign countries to reduce the level of taxes they pay.
Tax minimization can be offered by the state to local companies or through a double taxation treaty signed by the trading country and Spain.
The main tax obligations in Spain is VAT (value added tax) and Corporate Income Tax (CIT). All Spanish incorporated companies are required to pay the following taxes:
- Corporate Income Tax; is paid as a percentage of profits obtained by the company
- Social Security Tax – Paid by the employer for each employee working within the company
- VAT; the standard rate of VAT (Value Added Tax) is 21% but it can vary depending on the business activities of the company.
When choosing a name for a Spanish Company formation, the company name must end in one of the following words, phrases or abbreviations; SL, SLU, SLNC, SL Express, SLP, S.A, Cooperativa
The company name must not be misleading in regards to the business activities and a company must be named in a similar context to what the business activities will be.
Directors, Shareholders and Secretary
There is only one director required for a Spain company formation, there are no restrictions on the directors nationality as to whether they are able to be a company director. Corporate directors are not permitted in a Spanish company registration.
There is a requirement to have a shareholder within a Spanish Company. Only one shareholder is required, same as the director, there are no restrictions on the nationality or residency of the shareholder. You are also able to have corporate shareholders within a company.
A shareholder within a Spanish Company must be appointed when a company has been incorporated. However, any changes to the shareholders within a company does not need to be filed with the authorities.
The director can be the same as a shareholder, therefore allowing a one person company.
Spanish Law will require the Company to have someone residing in Spain with enough powers to act on its behalf and contributing to the Social Security Group 1. This person can be a shareholder, the administrator of the Spanish Company or just an employee. This person will have to be employed full time on a permanent contract.
Please note that if the company has a complex corporate structure, an additional compliance fee may apply.
Within a Spain company formation there is a required share capital of 3,000EURO. The share capital must be fully paid up into a company bank account. The amount for the share capital can then be withdrawn from the account as soon as the bank account is fully set up and the company has been incorporated.
Annual Requirements for your Spain Company Registration
All companies in Spain must file quarterly VAT returns or, if the turnover in the previous year exceeds 6,000,000EURO monthly returns must be filed. For the corporate income tax this must be filed within the first 25 days of a 6 month period following the year ending period.
The registered office for a Spanish Company must also be renewed on a yearly basis, the renewal is only required if you use our Registered Office service. If you use your own office in Spain the registered office does not need to be renewed.
Yearly Renewal £730.00
On a yearly basis a Spanish Company must renew their Registered Office Service.
The price to renew the Registered Office service is £730.00
Spain, a country on Europe’s Iberian Peninsula, includes 17 autonomous regions with diverse geography and cultures. Capital city Madrid is home to the Royal Palace and Prado museum, housing works by European masters. Segovia has a medieval castle (the Alcázar) and an intact Roman aqueduct. Catalonia’s capital, Barcelona, is defined by Antoni Gaudí’s whimsical modernist landmarks like the Sagrada Família church.
The service which is listed below can be ordered whilst you are in the process of entering your company details for your new Spanish Company.
If you would like to order any of the below services for a company which has already been formed, please contact us as the prices may vary.
|Additional Services||Price||For more information|
|Registered Office in Spain||£730.00||Contact Us|
Due Diligence Documents:
To comply with Money Laundering regulations, CFS Formations are requried to collect Due Diligence documents for officers within your company.
For a Spain Incorporation we would require the following documents:
- Certified Copy of a Passport
- Certified Copy of a Utility Bill e.g., Gas / Electrical or Bank Statement (dated within the last 3 months)
If your business activities are classed as high risk, involve gambling or crypto currency, they may incur additional costs. We can check this before you order. Please contact our team for any further assistance you may require.
Ready Made Offshore Companies
A Ready Made Company is a company which has previously been formed and been stored as a non trading company. By purchasing a Ready Made Company you can:
- Boost your business with an established company
Appear to be a reliable company that has been in business for several years
- Establish Business Relationships Easily
Business and Banking relationship are easily established with an older previously registered company
- Gain Confidence from customers
New and existing clients will feel more confident in dealing with you as your company has a history
- Be Reassured
All our Ready Made Companies are non trading companies, are totally clean and clear of any business debts and liabilities
Please click here to view more information about Offshore Ready-Made Companies and how they may benefit you. You will also be able to view a list of the countries where we can offer Offshore Ready-Made Companies. Unfortunately, the list of company names is always changing due to customer purchases. Therefore, we are unable to provide an exact list of the available company names on our website. To obtain the most recent list of available companies, please contact us.
Why choose CFS for your Spain Company Registration
We pride ourselves on providing a first-class service on all our Spain company formations.
Our team specialises in ensuring your Spanish company registration is dealt with quickly and efficiently with the utmost confidentiality. We have an easy online order form which can be used for Spain company registrations which reduces the need for lengthy forms to be completed.
Once you place an order you will have a dedicated business administrator who will deal with all necessary requirements of the Spain company formation on your behalf.
Most jurisdictions have laws which require a licenced agent be located in their specific jurisdiction and for them to submit all incorporations and other relevant applications.
The on boarding, compliance and formation will be processed by the agent with CFS acting as introducer and intermediary.
How will I know when my company is due for renewal?
The company is usually due for renewal 12 months after the incorporation date. We will send email reminders notifying you a few weeks before the renewal is due to ensure your company is kept in good standing.
Please note: The Directors are responsible to ensure the company is renewed on time
Can I incorporate a Limited Company in Spain?
Yes, the Spanish equivalent of a Limited company in Spain is a Sociedad Limitada or S.L.
What is the timescale for a Spain Company Registration?
Once we have received the required information and due diligence documents, a Spanish company formation takes around 2 weeks to be formed.
“I have had a great relationship with CFS Formations for many years and will only use them for my offshore company formations. I had a one off request for a Spain company formation for my client and was extremely impressed when I found out they could assist. As with all my offshore companies, CFS were knowledgeable on the country and made the process as simple as possible from the start.”