Start a Company in Spain
Start a Company in Spain
More people are looking for information on how to set up a business in Spain efficiently and safely. While there will be questions, it is important to recognise that the process can be manageable with the right support.
Whether you are considering starting out as a freelancer or want to start your own company, at Get Your Spanish Visa, we offer you the necessary legal expertise.
Legal procedures for establishing a company in Spain
Choice of Legal Form
In Spain, there are several legal forms for setting up a company, each with its own advantages and requirements. The most common are:
- Limited Company (SL): Ideal for small and medium-sized companies.
- Public Limited Company (SA): Recommended for large companies with greater capital needs.
- Individual Entrepreneur: Suitable for self-employed persons and small businesses.
Obtaining the NIE and NIF
As a foreigner, you will need a Foreigner Identification Number (NIE) for any tax procedures in Spain. In addition, you will need to obtain a Tax Identification Number (NIF) for your company. These documents are essential to operate legally.
Commercial Register
Your company must be registered in the Commercial Registry. This process includes stablishing the company name, drafting the articles of association and formalizing the public deed before a notary. Registration in the Commercial Registry grants legal personality to your business.
Opening a Bank Account
Open a bank account in a Spanish entity. This account will be necessary to deposit the company's share capital and manage its finances.
Permissions and licences
Depending on the type of activity you wish to undertake, you will need to obtain various permits and licenses. Make sure you comply with all local regulations to avoid penalties and delays in opening your business.