{"id":25896,"date":"2020-12-15T08:00:00","date_gmt":"2020-12-15T07:00:00","guid":{"rendered":"https:\/\/www.confianz.be\/?p=25896"},"modified":"2020-12-15T08:00:00","modified_gmt":"2020-12-15T07:00:00","slug":"a-spanish-company","status":"publish","type":"post","link":"https:\/\/www.confianz.be\/en\/een-spaanse-vennootschap\/","title":{"rendered":"Setting up a Spanish company: an SL in 7 steps"},"content":{"rendered":"

A Spanish company can be useful for several reasons. Firstly, if you intend to start a business in Spanish territory. In certain scenarios, a Sociedad Limitada<\/em> (SL) - similar to a private limited company - is also recommended to manage your property in Spain. This article will give you more information on setting up a Spanish company.<\/p>\n\n\n\n

Is buying property with a partnership advisable? Learn more about the consideration here. <\/a><\/strong><\/p>\n\n\n\n

Step 1: apply for your NIE number<\/h4>\n\n\n\n

An NIE number is a tax identification number for non-residents in Spain. Without this number, foreigners cannot set up a Spanish company. You also cannot, for example, buy a house or apply for a number plate. <\/p>\n\n\n\n

If you have a SL<\/em> foundation with a Belgian company, you should additionally apply for a NIF\/CIF number. <\/p>\n\n\n\n

Find more information on how to apply for a NIE number here.<\/a><\/strong><\/p>\n\n\n\n

Step 2: Come up with some names for your Spanish company.<\/h4>\n\n\n\n

The name of your company must be unique. The Spanish administration confirms that your company name has not been used before. It does this by means of an attestation, a certificaci\u00f3n de denominaci\u00f3n social<\/em>. It is therefore recommended that you specify several names, in order of importance. <\/p>\n\n\n\n

Step 3: Open a Spanish bank account<\/h4>\n\n\n\n

Once the company name is established, the next step is to open a Spanish bank account in the name of the company in formation. In addition, you will also need to pay up the capital. In the case of a SL<\/em> this is a minimum of 3,000 euros. The bank will then provide a certificate (certificaci\u00f3n bancaria<\/em>). <\/p>\n\n\n\n

Step 4: The memorandum of association <\/h4>\n\n\n\n

After you open the bank account, the incorporation deed can be registered with a Spanish notary. The incorporation includes a description of activities and articles of association. <\/p>\n\n\n\n

Step 5. Provisional company number application<\/h4>\n\n\n\n

With the notarised deed of incorporation, you can register the company in the Commercial Register. You will then first receive a provisional company number (N\u00famero de Identificaci\u00f3n Fiscal Provisional<\/em>). <\/p>\n\n\n\n

Step 6. Payment of registration fees<\/h4>\n\n\n\n

Depending on the autonomous region, you will also pay registration fees on the start-up capital. However, some regions grant exemptions.<\/p>\n\n\n\n

Step 7. Final entry in Trade Register<\/h4>\n\n\n\n

Within two months of the notarised deed of incorporation, register the company in the Spanish commercial register (Registro Mercantil)<\/em>. The company will be published in the Bolet\u00edn Oficial<\/em>. You will then also receive your final company number. <\/p>\n\n\n\n

How much does incorporation cost? <\/h4>\n\n\n\n

An establishment of a SL<\/em> with a minimum capital cost totalling +\/- \u20ac4,000. In addition, there is a contribution of \u20ac3,000.<\/p>\n\n\n\n

How much time does incorporation take? <\/h4>\n\n\n\n

Allow around 1-2 months for this. <\/p>\n\n\n\n

The incorporation of a company is initiated simultaneously with the purchase procedure in the context of a real estate investment. <\/p>\n\n\n\n

Read more about the practical steps of buying in Spain.<\/a><\/strong><\/p>\n\n\n\n

Do I have to be in Spain for all these steps?<\/h4>\n\n\n\n

You do not need to travel to Spain to incorporate a company. We can fully handle an incorporation with a notarised power of attorney at a notary in Belgium.<\/p>\n\n\n\n

Read more about representation via notarised power of attorney.<\/a><\/strong><\/p>\n\n\n\n

Do you have questions about investing in Spain with a company? We are at your disposal.<\/strong><\/a><\/p><\/blockquote>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

How do I set up a Spanish company? Based on 7 steps, this article will give you more explanation on how to set up an SL.<\/p>","protected":false},"author":2,"featured_media":25899,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,150],"tags":[507,495,533],"class_list":["post-25896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kopen-met-vennootschap","category-praktisch","tag-kopen-met-een-vennootschap","tag-spaanse-vennootschap","tag-vennootschap-oprichten"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/25896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/comments?post=25896"}],"version-history":[{"count":1,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/25896\/revisions"}],"predecessor-version":[{"id":33478,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/25896\/revisions\/33478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media\/25899"}],"wp:attachment":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media?parent=25896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/categories?post=25896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/tags?post=25896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}