FAQ'S

Spain occupies a prominent place worldwide in terms of the importance of its economy: 15th world economy, in terms of GDP size, 11th most attractive country for foreign direct investment (FDI), 13th issuer of FDI among sovereign countries and the 11th exporter of commercial services.

Likewise, Spain is a modern economy based on knowledge, where services represent more than 74% of business activity, being an international center of innovation favored by the existence of a young population, highly qualified, with a proactive character, and that offers competitive costs in the framework of Western Europe, especially in the case of tertiary graduates.

Specifically, our country has made a great effort to equip itself with the most advanced infrastructure, capable of facilitating the future growth of the Spanish economy. In addition, this has been accompanied by a significant commitment to R&D.

For foreign investors, Spain offers interesting business opportunities in strategic sectors with high added value, such as ICT, renewable energies, biotechnology, the environment, aerospace and the automotive industry, due to its attractive competitive environment.

In addition, companies settling in Spain not only have access to the national market, a very attractive market due to its size (more than 47 million consumers) and its high purchasing power, but they can also access the markets of the EMEA region (Europe, the Middle East, and North Africa) and Latin America, given its privileged geostrategic position, its prestige, and the strong presence of Spanish companies in these regions.

Like everything, it has its own processes. We take care of all the steps to follow:

• Negative certification of the company name, reservation of name.
• We advise you to open the company’s bank account.
• There is no need to disburse €3,000 of social capital.
• We prepare the Deed of Incorporation and the Corporate Bylaws.
• We process the appointment of the signing of the Deed of Incorporation before a notary.
• We carry out the registration of the company in the Mercantile Registry.
• We manage the acquisition of the definitive CIF.
• We request the electronic signature of your company to be able to carry out online procedures (optional).
• We manage the registration for the IAE (Tax on Economic Activities).
• Personalized support throughout the process.

Type of Companies: The most common corporate forms provided for by Spanish commercial law are the Sociedad Anónima (S.A.) and the Limited Liability Company (S.L.).

Limited society:

• The minimum share capital is €3,000.
• Disbursement in the constitution: in its entirety.
• Contributions: No independent expert report is required on non-monetary contributions, although the founders and partners are jointly and severally liable for the authenticity of the non-monetary contributions made. In any case, a substitute report from the administrators is required.
• Shares/Social Participations: They are not transferable securities. Bonds and other securities may be issued that acknowledge or create a debt.
• Transfer of Shares/Participations: It must be recorded in a public document. Generally, the shares will not be freely transferable (unless they are acquired by other partners, ascendants, descendants, or companies of the same group). Thus, unless the statutory provisions to the contrary, the law provides for a preferential acquisition right in favor of the remaining partners or the company itself in the event of a transfer of the company shares to a person other than those indicated.

Anonymous society:

• The minimum share capital is €60,000.
• Disbursement in the constitution: a minimum of 25% and the issue premium, if any.
• Contributions: An independent expert report is required on non-monetary contributions.
• Shares/Social Participations: These are securities. Bonds and other securities may be issued that acknowledge or create debt, including bonds convertible into shares.
• Transfer of Shares/Social Participations: It depends on their representation (entries into accounts, books, checkbooks, etc.) and their nature (nominative or bearer). In principle, they are freely transferable, unless the bylaws provide otherwise.

The refund can only be requested at the end of the fiscal year in December and the Tax Agency will take approximately 6 months to return your money. However, it is very common to have a VAT inspection so that the Tax Agency can ensure that the amount of the debt claimed is correct.

Yes, with a power of attorney with the Hague Apostille.

You will have a Spanish CIF to operate in Spanish territory and outside of it by applying VAT on your invoices. If you want to invoice without VAT to all countries of the European Community, we can register you in the Registry of Intra-Community Operators.

• Minimum Social Capital Contribution of €3,000.

• Passport and DNI/NIE.

• Power of attorney if you are unable to travel.