Opening a Business in Spain

A presentation brought to you by our law firm in Spain

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Invest in Spain

Spain has a business friendly environment and the country is attracting foreign capital with its high potential for growth.

Spain is an important country in the European Union and has a large domestic market. The country is also a gateway to Latin America because of its cultural ties.

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Company incorporation in Spain >>

Any company incorporated in Spain must have a unique name and the required documents for registration.

The name can be checked at the local Trade Register. The certificate issued by this entity is valid for three months during which the investor can complete all the company incorporation procedures.

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>> Company incorporation in Spain

A bank account needs to be opened for the company in order to deposit the minimum share capital.

The company’s documents, such as its articles of association, together with any required documents from the founders must be notarised and submitted to the Spanish Trade Register.

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Types of companies in Spain

The following types of companies are available for incorporation in Spain:

limited liability company;

corporation;

partnerships;

sole proprietorship;

branch or representative office.

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Hiring employees in Spain

Local and foreign employees are hired in Spain according to the labour legislation.

The Employment Law governs the enforcement of employment contracts in this country.

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Taxation in Spain

Spain imposes direct taxes on the profits made by companies and individuals.

Some of the taxes for legal entities incorporated in this country are:

the corporate income tax;

the value added tax;

transfer and stamp tax;

excise taxes and customs duties on imports.

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Options for foreign investors in Spain

Foreign companies that want to establish their presence in Spain can choose to open a branch or a representative office.

The branch can perform economic activities, but it is fully reliable on the mother company abroad for its debts in Spain.

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Incorporation through a power of attorney in Spain

Foreign investors do not have to be present in Spain during the company incorporation process.

This can be accomplished through a power of attorney that grants exclusive powers to a third party in Spain.

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Legal assistance for opening a company in Spain

Our lawyers in Spain can act on your behalf during the company incorporation process. Using a power of attorney, one of our experts will be able to handle the entire process.

After the company is registered, our Spanish lawyers can also help you obtain special permits and licenses for your business.

Thank you for your attention!

For more information please contact us at: (+44)203-287 0408 (for international clients)office@lawyerspain.eu http://www.lawyersspain.eu/

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