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IN SPAIN

WHAT ARE THE STEPS IN FORMING A COMPANY?

If you’re interested in setting up or registering your company in Spain, we will advise you on the best structure to suit your needs. While opening your Spanish company, there are many things to take into account, such as: number of shares, founding capital, etc., so we address the below: Click here for more information on the Spanish autónomo status.

As your Spanish lawyers, it is important to mention, that in protecting the owner(s) from personal liability in the event of bankruptcy, the figure of the LLC (Sociedad Limitada) is the most suitable vehicle to set up your Spanish company.

01.

COMPANY’S NAME

First of all, we will need to obtain a certificate (called a no-name coincidence certificate) from the Registro Mercantil Central, in order to verify that the company name you want to use is not already taken, and it is reserved to your name.

At LECUIDY we offer this service online in our Boutique, which you will have to submit three name options and in a couple of days we will inform you if your choice has been granted.

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02.

NIE NUMBER

The Spanish legislation currently requires that any individual or legal entity with economic or professional interests in Spain, or involved in a relevant way for tax purposes, must hold a tax identification number (or a foreigner identity number (NIE for individuals). In particular it must be applied for when a foreign investor makes a direct investment in Spain, so EVERYONE who will be a shareholder of the NEWCO (New Company) or director – even if you are not full time or tax resident – you are required to have one.

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03.

BANK ACCOUNT

Once you have done the steps mentioned above, you will need to open a company’s bank account and subsequently deposit 3.000 EUR –minimum founding capital – at a Spanish entity.

If you wish to do this remotely, at LECUIDY we do it for you with a POA. To find out more go to open a bank account in Spain.

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04.

NOTARY’S/ESTABLISHMENT DEED

Now reached this point, we are set to arrange an appointment at the Notary’s office in order to sign the establishment deed.

Within our scope of services we offer to sign the documentation on your behalf, so you avoid having to travel to Spain.

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05.

SOCIAL SECURITY

The last step of the LLC registration process, in parallel to getting the registration of the activity done, the Company’s director (Administrator) will need to register at the Spanish social security (Tesoreria General de la Seguridad Social), and pay approximately 300 EUR/ month (amount depends on your personal characteristics, so contact us to find out more).

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Obviously, there are many legal issues that we have not yet considered, so feel free to contact us for professional guidance to help you throughout the process and to avoid mistakes. However, if you have any questions about your needs, dont hesitate to contact us to get advise.

LEXIDY'S NETWORK

AT LECUIDY WE ARE ABLE TO PROVIDE SERVICES FOR ALL AROUND SPAIN THANKS TO OUR EXTENSIVE NETWORK OF REGIONAL DELEGATES. THOUGH MOST OF THE WORK IS PERFORMED REMOTELY, THE DELEGATE ON YOUR AREA WILL PERFORM THE FINAL TASK TO OPEN YOUR COMPANY IN SPAIN.

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