Start your company in Spain and expand your business with Gimbrere Legal!
Did you know that anyone can start their own company or venture in Spain? The only requirement is to be a legal resident in the country.
If you are a citizen of any European Union country, the process is generally straightforward. You just need to obtain your NIE (Foreigner Identification Number) and the EU registration certificate, and you are ready to incorporate your company or partnership.
In case you are not an EU citizen and do not have a residence permit, it is important to first resolve your residential situation in Spain before proceeding to open your company.
In Spain, there are different corporate structures from a legal point of view, each with its own characteristics and purposes. It is crucial to understand these differences to determine which option is right for you. Among the different types of companies that can be incorporated in Spain, the most popular are the following:
- Limited Liability Company (SL)This is the most common business structure in the territory. Its incorporation process is flexible and only requires a minimum capital investment of €3,000. One of the main advantages of an SL is that your liability is limited to the capital investment made. For example, if you have invested the initial €3,000, that will be the maximum amount that will be required of you personally in the event of indebtedness. In addition, instead of paying income tax, you will be subject to corporate income tax, which is equal to 25% of the company’s profits. It is also necessary to file a VAT return.
- Limited Liability Company: This legal structure is reserved for larger companies that trade in shares. It is characterized by a more solid structure and requires a capital investment of €60,000 for its incorporation. The advantage of corporations is that they allow external financing to be obtained, since the company’s shares can be acquired on the stock exchange.
- Branch: If you already have your own company in another country and wish to expand to Spain, you can open a branch office. This will give you the opportunity to enter a new market. To establish a branch of your company in Spanish territory, you must present a power of attorney and a copy of the public deed of incorporation of the company. If required by your country’s commercial law, a certificate of good standing must also be submitted. In this particular case, if you yourself will open and manage the branch in Spain, you must be resident in the country.
If you are considering the idea of expanding and incorporating a company in Spain, please contact us! At Gimbrere Legal, we are ready to analyze your case and provide you with the necessary legal assistance to make your business dream come true.
