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Here is How You Can Incorporate Company in Spain Without Constraints

If you want to incorporate company in Spain, know that the sky’s the limit. This doesn’t apply only to the locals, but also to expats. In the context of many countries around the world, foreigners are obliged to start a limited company. But it is not the same in Spain. Basically, all you do is have a good business plan. The business might be small or big; it won’t matter, all you need to do is show that it is feasible and you have enough funds. There are no bounds nor terms for minimum investment.

However, one thing you need to keep in mind is that registration of business in Spain could be a lot of hassle when done alone. For one, you need to apply for other things such as the tax identification number, social security, license, etc. Things like these stack to make the system confusing. Sometimes, the unclear registration process is the only reason people don’t open a business in Spain.

With these concerns, we at 3E Accounting are capable of making the process for company incorporation in Spain simpler than ever. From now on, all you need to do is call us and address your company incorporation needs. We will do the rest of the job for you.

 

Things to Know Before Registering a Company

Being a foreigner, there are things that you should first know before contacting us for company incorporation in Spain. First, there are some business fields in the country with strict regulations. Say that you want to open a law business. In that case, you need to get a specific license for that discipline. The same goes for other fields such as healthcare and architecture. And thus, the registration process for these services might be longer than other general businesses.

Don’t forget; you will need to obtain a Spanish work permit application in case you want to open a business in Spain. This is contrary to the ones who already are EU citizens; they are already free to move anywhere across the EU. But you will still need to get you Numero de Indentificacion de Extranjero (NIE), whether or not you are from EU because everyone doing business in Spain has to do taxes. You will also need to register for social security, and for that, you will need your passport, NIE and other forms.

 

Types Of Companies in Spain

• Sole Trader

Sole trader means that your company will be your liability and doesn’t stand as a separate legal entity. All the profits and losses are your own responsibility, but it is the easiest to run a sole trader.

• Partnership

Also known as the Soceidad Civil in Spain, partnerships are similar to sole trader, just that there are multiple partners running it. There are two types of partnerships, known as Sociedad general (general partnership) and Sociedad comanditaria (limited partnership). Either way, before opening a partnership in Spain, you will need to sign a partnership agreement before a lawyer.

• Limited Company

A limited company is for those who want to start a bigger company. There are six types of limited company in Spain. Also, the minimum number of shareholders and minimum investment vary depending on the size. Minimum investment for a Spain limited company ranges from EUR 1800 to EUR 120000.

It is a long work trying to incorporate company in Spain, as there are many formalities into it. You need to get help from a registration partner to save time and effort. Company incorporation in Spain is going to be a very demanding task if you were to do it. So, contact 3E Accounting right away. We have partnered with experts in Spain who are going to register your Spain company in no time. Also, don’t worry we offer the most affordable company incorporation services. Contact us here.