{"id":4136,"date":"2019-09-18T14:20:57","date_gmt":"2019-09-18T14:20:57","guid":{"rendered":"http:\/\/www.ambitassessor.com\/blog\/?p=4136"},"modified":"2019-09-23T08:20:09","modified_gmt":"2019-09-23T08:20:09","slug":"setting-up-company-in-spain","status":"publish","type":"post","link":"https:\/\/mgiambit.com\/blog\/setting-up-company-in-spain\/","title":{"rendered":"Setting up a company in Spain."},"content":{"rendered":"

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Find out which are the main steps for starting your Business in Spain<\/em><\/h2>\n

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If you are pondering to open a Company in Spain, you will probably find interesting to know the main aspects you must consider before starting the founding or which are the different steps to follow.<\/p>\n

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  1. Considering the best option<\/strong><\/li>\n<\/ol>\n

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    First of all, you must know that there are several ways to carry out an activity in Spain:<\/p>\n

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    1. As a self-employer<\/strong>: the activity is directly developed by the entrepreneur who will be fully liable with respect to every obligation. In this sense, it could be advisable to do it under the form of the \u201climited liability entrepeneur\u201d.<\/li>\n
    2. Opening a Branch<\/strong><\/a>. The activity is carried out directly by a Foreigner Company but with Permanent Establishment in Spain.<\/li>\n
    3. In the case you just want to perform supporting or secondary activities you may opt for registering a\u00a0Representative Office<\/a><\/strong>.<\/li>\n
    4. Creating a Company<\/strong> (or a Subsidiary of a Parent Company). The most common types of companies in Spain are Limited Liability entities: the \u201cSociedad An\u00f3nima (SA)\u201d and the \u201cSociedad de Responsabilidad Limitada\u201d<\/li>\n
    5. Finally, you can also consider enter in the Spanish market investing directly in an existing Spanish company, thought distributing or Joint ventures agreements.<\/li>\n<\/ol>\n

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      We remain at your disposal to help you with this decision<\/p>\n

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      1. Applying for a Non-Resident Identification Number (NIE)<\/strong><\/li>\n<\/ol>\n

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        Regardless which option you choose, all the foreigners involved as shareholders and\/or Directors of the company must have\u00a0a Spanish NIE number (Spanish identification number for foreigners). This formality is not complex but it may take some time.<\/p>\n

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        1. Request of the Company\u2019s name.<\/strong><\/li>\n<\/ol>\n

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          It has to be applied (personally, by e-mail or by Internet) before the Central Commercial Registry of Madrid. Once granted the Registry will issue a Certificate.<\/p>\n

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          1. Bank Certification<\/strong><\/li>\n<\/ol>\n

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            The Company\u2019s capital in cash must be deposited in a Spanish bank account opened in the name of the new Company being formed. The Bank, on its side, has to issue a document certifying the mentioned deposit.<\/p>\n

            The capital can also be invested in-kind. In this case, the shareholders will be responsible of the value veracity (unless SA: expert report).<\/p>\n

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            1. Drafting the Company\u2019s bylaws<\/strong><\/li>\n<\/ol>\n

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              The Bylaws of the Company has to include the minimum content required by the Spanish Corporation Law, but it is very advisable to adapt the text to the specifics needs of the investors.<\/p>\n

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              1. Notary<\/strong><\/li>\n<\/ol>\n

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                The shareholders of the Company must appear before a Spanish notary (in person or by proxy) to execute the deed of the Incorporation providing the following documentation:<\/p>\n

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