If you have decided to do a business or any investment in Spain. Be certain that the best way to go ahead with your idea is to create a Spanish company, due to the good fiscal advantages.
Whatever is your nationality, in Spain you do not need a Spanish partner to create your own company. All you need is a minimum capital of 3000 euros or any office material at a similar cost. In case of limited company.
After getting your NIE (Identification number for foreign In Spain) from the police station. The procedure will be the following:
1. Registration of the name
The process starts when you select the name of your company, first you need to verify that this name is available in the chamber of commerce, through this official website ( www.rmc.es). You can create 5 names and they will reply to you in 24 hours to provide you the final name available.
2. Open Bank Account
The second step, you drop into the bank with the certificate provided by the official website of the chamber of commerce in order to open the bank account under the name of the said company and to deposit the 3000 euros, plus a Bank certificate indicating the sum deposited.
3. Constitution deeds in the Notary
Once you got the current account contract from the bank you must go to the notary to constitute the title deeds with all the information of the shareholders, capital, object, articles of the association and administrator.
The notary prepares the draft of the title deeds of the constitution that should be transferred to the chamber of the commerce in order to be registered. This process of registration takes 20 days approximately.
During this 20 days, the company bank account is not active and could not be used until the registration is terminated.
Once you get your registration, you may provide a copy to the bank, so they can unblock your company account to initiate your bank transactions.
4. Registration in Tax Office and Social Security.
Do not forget that the company should be set up in the tax office and in the social security, so you can issue your bills to your clients.
Bazi & Naf can undertake all this administration process for you and manage your accountancy too.
Good luck with your investment in Spain!