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Company in Spain, Business in Spain

The rules concerning company’s establishment are similar to those in Poland. There are no industries, in which it is easier to open a company. The same rules apply to all types of activity.

Nevertheless, the small and medium entrepreneurs can obtain help from the state. For further details one must turn to Official Institute of Crediting or to the Center for Technical and Industrial Development.

In Spain, in case of sole trader, partnership or limited partnership, there is no need to submit the start-up capital. The partners submit the tax declarations to the Inland Revenue, just like the natural persons, but they also bear the responsibility for company’s obligation with their whole private property.

The most popular form of business activity is a limited liability partnership. To open it, a minimum capital of 3 000 Euro is required. A limited liability company can be managed by one person or by board consisting of 3 to 12 persons. The Board members can live outside Spain. Company’s Statute must be prepared in a form of notarized act. It costs 90 Euro (if the Stock capital is Lower than 6 000 Euro) or 150 Euro (if the stock capital is between 6000 to 18 000 Euro).

To open a company one needs certificate from the Central Trade Register, that there is no other company with same name. It is advisable to prepare few names, so that you do not have to apply in the Courts Register more than once. After obtaining the certificate, one has to open a bank account and pay the Stock capital, register a company in the Trade Register and Inland Revenue (Inland Revenue will give the Tax ID Number „NIF” and will automatically charge 1% of tax). It is possible to obtain “NIF” number via Internet. Last step is publicity in the Trade Register’s Monitor. Application for NIF is issued by Tesoreria General de la Securidad Social. To sole traders apply other rules of Social Security.


company formation in Poland, company liquidation in Poland