spain

Company FormationSpain

One of the reasons why Spain is considered to be among the most important nations in the United Nations is the fact that its economy is the fifth largest in the continent. It is positioned after Germany, the United Kingdom, France, and Italy.

Its population is over 46 million people and has a GDP that exceeds $1.3 trillion. With reference to the favorability of its business environment, the World Bank has ranked it at number 30.  

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Why Register a Company in Spain?

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Economy

The size of its economy makes it one of the influential nations in the EU.

EU member state

With the nation being an EU member state, the embedded companies have access to the broader EU market.

Population

It has a large population that provides a big market for different goods and services.

Infrastructure

It has a large and modern infrastructure network.

Location

It has a strategic geographical location within Europe.

Steps for Registering a Company in Spain

Notably, the company registration process in Spain can be complicated, especially if you’ve never done it before. To lessen your burden, it is helpful to hire the services of a company that is experienced in these proceedings. GFSC Global meets that criterion to the fullest. 

Apply for a tax identification document (NIE).

Go to the Registro Mercantil Central (Mercantile Registry) here and register for a certificate as proof that you are permitted to use your selected business name.  

Go to Agencia Estatal de la Administracion Tributaria (State Agency for Tax Administration) to apply for your tax identification code (C.I.F). This code is attained instantly. 

Open a bank account with one of the local banks and deposit the required minimum amount. Ensure that you get the receipt for this transaction. 

Using the documents obtained in the prior steps of this registration process, go to the notary to apply for the position of the enterprise’s CEO. This is also where you’ll create your company’s constitution.

Register for the business deed with the Local Government Tax Authority. 

Take the business deed to the Mercantile Registry for registration. This procedure takes about 15 days.  

Return to the State Agency for Tax Administration to get your corporate tax identification number.

Register for your social security number with the General Treasury of Social Security.

FAQson Registering a Company in Spain

It usually takes less than 30 days although it may take longer if it is your first time.

Not throughout the entire process. Choosing an effective advisor is helpful as they will complete most of the steps on your behalf. 

If you are an EU or Spanish citizen, you will need a national ID. If you are a foreigner, you require a residence visa and passport. 

At GFSC Global, we specialize in business registration throughout the European Union.

We operate in all countries within the EU and have vast experience in representing and registering companies. Contact us for a free consultation.  

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