Step-by-step guide to creating your company in Spain: procedures with the Treasury and Social Security
Posted: Tue Dec 17, 2024 3:31 am
In the business world, bringing an idea to life requires much more than just a vision.
It involves a series of legal and tax procedures that are essential for the proper functioning of any company.
In Spain, these processes involve interaction with various entities, the most prominent being the Tax Agency (Hacienda) and Social Security.
From choosing the legal form to complying with occupational luxembourg phone number data risk prevention regulations, every step of the way is crucial to building a solid foundation for your company.
In this guide, we break down each of these steps , providing you with a detailed map of the procedures required to set up your company in Spain.
1 Choice of Legal Form
2 Request for Name or Corporate Name
3 Obtaining the Tax Identification Code (CIF)
4 Registration in the Tax on Economic Activities (IAE)
5 Deposit of Share Capital
6 Deed of Incorporation of the Company
7 Liquidation of the Tax on Property Transfers and Documented Legal Acts (ITP-AJD)
8 Registration in the Commercial Registry
9 Registration with Social Security
10 Acquisition of the Visitors' Book and Work Calendar
10.1 Guestbook:
10.2 Work Calendar:
11 Compliance with Occupational Risk Prevention
12 Legal Disclaimer
Choice of Legal Form
The first step on the road to establishing your company in Spain is to choose the legal form that best suits your type of business and your long-term plans.
The legal form of a company determines many key aspects of its operation, including leadership structure, tax and legal responsibilities, and reporting obligations.
There are several legal forms of companies in Spain, including the sole proprietor (autonomous), the limited company (SL), the public limited company (SA), the limited liability company new company (SLNE), the employee-owned company (SL or SA), the cooperative company, among others.
The choice of legal form should be based on considerations such as the amount of capital available , the number of owners or partners , the nature of the business's activity, and risk tolerance.
For example, an SL is a popular choice for small and medium-sized businesses due to its minimum capital requirement and limitation of liability to partner contributions.
Sole proprietorships, on the other hand, have a simpler and less costly incorporation, but the owners have unlimited liability for the company's debts.
It is important to note that each legal form has its own tax and legal requirements and obligations, so it may be helpful to seek legal and financial advice before making a decision.
This initial choice will be crucial for the future of your company and will set the tone for all subsequent steps.
It involves a series of legal and tax procedures that are essential for the proper functioning of any company.
In Spain, these processes involve interaction with various entities, the most prominent being the Tax Agency (Hacienda) and Social Security.
From choosing the legal form to complying with occupational luxembourg phone number data risk prevention regulations, every step of the way is crucial to building a solid foundation for your company.
In this guide, we break down each of these steps , providing you with a detailed map of the procedures required to set up your company in Spain.
1 Choice of Legal Form
2 Request for Name or Corporate Name
3 Obtaining the Tax Identification Code (CIF)
4 Registration in the Tax on Economic Activities (IAE)
5 Deposit of Share Capital
6 Deed of Incorporation of the Company
7 Liquidation of the Tax on Property Transfers and Documented Legal Acts (ITP-AJD)
8 Registration in the Commercial Registry
9 Registration with Social Security
10 Acquisition of the Visitors' Book and Work Calendar
10.1 Guestbook:
10.2 Work Calendar:
11 Compliance with Occupational Risk Prevention
12 Legal Disclaimer
Choice of Legal Form
The first step on the road to establishing your company in Spain is to choose the legal form that best suits your type of business and your long-term plans.
The legal form of a company determines many key aspects of its operation, including leadership structure, tax and legal responsibilities, and reporting obligations.
There are several legal forms of companies in Spain, including the sole proprietor (autonomous), the limited company (SL), the public limited company (SA), the limited liability company new company (SLNE), the employee-owned company (SL or SA), the cooperative company, among others.
The choice of legal form should be based on considerations such as the amount of capital available , the number of owners or partners , the nature of the business's activity, and risk tolerance.
For example, an SL is a popular choice for small and medium-sized businesses due to its minimum capital requirement and limitation of liability to partner contributions.
Sole proprietorships, on the other hand, have a simpler and less costly incorporation, but the owners have unlimited liability for the company's debts.
It is important to note that each legal form has its own tax and legal requirements and obligations, so it may be helpful to seek legal and financial advice before making a decision.
This initial choice will be crucial for the future of your company and will set the tone for all subsequent steps.