Either the registration of the business in Spain takes place under the power of attorney by our employee.
choosing a country
choosing a bank
payment (by any method)
bank account opening
Sociedad Anonima (S.A.) is a joint stock company with a share capital of 60,000 euros or more. At the stage of company registration in Spain, a minimum of 15 thousand euros is paid. It can be created by one person. The members of the company are not liable for its obligations. The share capital may be contributed with money or equipment, or with material assets. In the latter case, the property is assessed by an expert resident in Spain;
Sociedad de Responsabilidad Limitada (S.L.) is a limited liability company. Share capital from 3,000 euros, paid in full at the registration stage. The members of the company are not liable for its obligations. The share capital may be contributed in cash and property. The assessment is carried out by a Spanish resident expert;
The possibility of registering a partnership is equally interesting in Spain. Two or more participants independently conclude an agreement on the production or implementation of another type of activity. Each of the participants pays their own tax on the income received.
All residents in Spain must obtain a Tax Identification Number (NIE).
In order to do business in Spain, you must obtain a Corporate Tax Identification Number (CIF). These numbers can be obtained from any Spanish regional tax office (Delegación de Hacienda).
Registering a company in Spain has advantages in various niches.
The country's legislation does not provide for restrictions on the types of activities for offshore companies. The only restriction: the activity must not involve services and materials located in the exclusive jurisdiction of the state.
A licence is required for banking, credit, investment, insurance activities, when opening a venture fund. The organisation of sea cargo and passenger transportation is subject to mandatory licensing. Licences are issued by the Ministry of Finance.
The opening of a company in Spain is subject to special treatment if it belongs to the so-called ETVE regime. It involves the ownership of foreign securities and refers to holding-type structures. ETVE exemption is available for several organisational forms of business. Spanish companies wishing to become companies with foreign securities and thereby avoid general corporate taxation may refer to:
A limited liability company that belongs to the ETVE holding structures can be checked for compliance with the federal tax system regulations of the United States.
Under Spanish CIT-law (corporate taxation), a company is, under certain conditions, fully exempt from fees relating to:
"Zero" taxes (rate) apply to ETVE holding companies that meet the requirements of the relevant corporate legislation. In essence, a company in Spain can freely distribute dividends that are exempt from paying tax at source as long as they are foreign or the capital gains comply in full with the exempt regime for foreign subsidiaries or permanent establishments.
If the requirements are met, the profits received under the ETVE regime by foreign entities are not included in the Spanish tax base and the outgoing dividends of a non-Spanish shareholder are exempt from taxes at the source. Foreign affiliates (as well as permanent establishments) organised by a national company may also be exempt from the burden of fiscal payments. The tax-exempt revenue can then be distributed as an ETVE dividend, without paying Spanish interest at source.
Legislation in Spain imposes strict requirements on shareholders who receive income under the ETVE regime. They do not have to be residents of tax havens, a list of which is drawn up by the government. The following requirements are standard for Spanish companies applying for the participation exemption regime and ETVE:
Taxes in Spain are not low, but the good news is that you can write off almost anything as expenses, including gasoline and trips to the restaurant.
Businesses in Spain are subject to the following taxes: 30% income tax (once a year), 21% VAT, 7% property tax, 28-30% income tax.
Corporate tax: up to €120,202.41 25% applies, above that, 30%.
VAT and excise duty: 21% base level, 7% in the Canary Islands.
Taxes on entertainment services, hotels and restaurants, sporting goods, food, eco-products, household goods, books and agro-industries have been reduced to 7% and even 4%.
Property tax: Unless otherwise stated by the regional administration, the federal tax of 7% on the first 150,253 euros of the property value is payable. Paid once a year by 31 December.
Individual income tax: worldwide residents' income and income received in Spain by non-residents is taxed between 21% and 27%, depending on the level of income.
Inheritance and Gift Tax: Inheritances or gifts worth more than €8,000 are taxable, whether you are a resident of Spain or not.
The basic rate of tax is 7.65%, with up to 34% payable on properties valued at over €815,000. Minors pay up to 5%.
Property transfer tax: certain types of property transfers and commercial transfers, paid by agreement by either the buyer or the seller, ranging from 0.5 to 6%.
Property income tax: The tax is levied by the municipality on all property and ranges from 1.1 to 5% of the cadastral value, which is twenty times lower than the market value.
Property rental tax: From January 2007, residents aged 18 - 35 are exempt from this tax, for remaining residents the rate is 50%. For non-residents — 24%, property maintenance costs are not taxed.
Motor vehicle tax (impuesto sobre vehiculos de motor): normally payable from September to November each year, depending on the age and capacity of the car, and is approximately 60 euros per year for a regular car.
Social contributions: depend on the occupational category and amount to 6.4% for employees and 30.6% for employers. Entrepreneurs are taxed on an effective return of 29.8%, which ranges from 785-70 euros to 2,897-70 euros per month.
We will register your company in Spain in the shortest possible time on a turnkey basis. We will provide you with all the information about offshore companies in Spain.
Buying a company in Spain is now easier than ever. Registering a company in Spain is one of the easiest and cheapest ways to start a legitimate international business. Company registration is one of our main areas of expertise.