Here are the steps in brief:
How long will it take?
Do I need a NIE?
What are the steps to form a company in Spain?
What information do we need from you to get started?
Will the company have a VAT number?
What costs are involved in forming a company in Spain?
Can a foreign company be the sole shareholder?
Can I avoid the trip to Spain?
What are the tax and accounting obligations for a company in Spain?
Should I form a new company or buy an off-the-shelf company?
What should I look out for when shopping for incorporation services in Spain?
Once you have your NIE, the following chart shows the usual time scale for the company to be fully established.
|Task||Time to complete|
|Get the company tax ID (CIF)||1 day|
|Get the company deed||1 week|
Yes, all directors and shareholders of the company need a NIE, as a result of the Fraud Prevention Act which came into force on February 2005. If you don't have a NIE, please read our guide to obtaining a NIE number.
Yes, the company will have a Spanish tax ID (CIF), which is the VAT number. You will have the tax ID the day you sign at the notary. With the tax ID, your Spanish company can do business anywhere.
If the company will be exchanging frequent invoices with companies in the EU but outside Spain, then you may want to be listed in the EU VAT registry (VIES) so you won't have to bill and be billed for VAT in your EU transactions. Please see our VIES registration page for more information, or contact us to apply for VIES listing for your company.
Note that before you can form a company in Spain, you need to have a NIE. Just let us know if you don't yet have one.
Once the SL is established, you are required to fulfill tax and accounting obligations, even if you have no invoices.