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VIRTUAL ONE STOP SHOP FOR INTERNATIONAL INVESTORS

/Incorporate a company

Steps for incorporating a company:
  1. Select a legal structure: Choose the legal structure for the business, with the most common options being a limited liability company (S.L.) or a public limited company (S.A.), both of which limit partners’ liability to their capital contributions. Further information is available here Legal Forms
  2. . Secure a certificate of name availability: Request a certificate from the central commercial registry to ensure that the chosen company name is unique and available for registration.
  3. Open a corporate bank account and deposit share capital: Set up a bank account in the company’s name and deposit the required share capital according to the selected legal form. Obtain a bank certificate verifying the deposit.
  4. Draft the company’s articles of association: Prepare the articles of association to establish the rules for the company’s management and operations li>
  5. Execute the deed of incorporation before a notary. Finalize the deed of incorporation with a notary, providing all required documents, including a real ownership declaration.
  6. Obtain a provisional tax identification number (NIF): Apply for a provisional NIF from the state tax administration agency (AEAT) within 30 days of executing the public deed, supplying the necessary documentation.
  7. . Fill in the self-assessment form for the Tax on Patrimonial Transmissions and Documented Legal Acts: Complete the self-assessment, though payment is generally exempt.
  8. Register the company with the Madrid commercial registry: File the deed of incorporation and other required documentation with the commercial registry in Madrid.
  9. . Obtain the permanent tax identification number (NIF): Apply for the permanent NIF through the AEAT by submitting the registered deed and related documents.
  10. Complete additional tax and employment registrations: Register for VAT and the economic activities tax (IAE), submitting the relevant census forms and declarations via Form 036.
In addition to these steps, the company must obtain an electronic certificate and complete any other processes required for the business activity.

/ Estimated costs

Incorporation costs vary by legal structure. Additional fees to consider include:
  • Notary and registry fees
  • Applicable taxes
  • Professional service fees for legal advice and processing

/ Average processing time

  • The overall time to incorporate a company is typically 2 to 8 weeks.
  • Limited liability companies (S.L.) can be formed within 24 hours.

/ Professional knowledge required

Certain steps require the involvement of a notary and registration with the Madrid commercial registry. It is advisable to have legal counsel for the entire incorporation process, particularly for drafting the articles of association.

Consult other procedures