Spain
has one of the
most robust
economies in
the EU, thanks
to strong inward
investment,
a booming manufacturing
sector and a
liberal business
environment.
Annual growth,
currently well
over three per
cent, has been
outperforming
the EU average
for a number
of years. Spain
has a deserved
reputation as
a low-cost land
of opportunity
for foreign
investors but
bureaucratic
requirements
are strict.
REQUIREMENTS
You
should firstly
apply for
your Spanish
identification
number called
an NIE.
You can
apply to
a Spanish
embassy
for this
document
in the country
in which
you reside
before arriving
in Spain.
It will
take 8 weeks
to obtain
the NIE
number but
if you apply
in Spain
it will
take only
5 weeks.
Minimum
share capital
to be deposited
for a Limited
company
is €3,006.
Minimum
directors:
no minimum
directors
required
- you can
be a director
and a shareholder
at the same
time.
FEES
Company formation, bank account set up and VAT registration: £3,848.90 ex. VAT.
OFFICES
Virtual office (includes telephone, fax and mail forwarding facilities): £200 per month payable quarterly in advance plus £600 deposit (refundable within 30 days of termination of virtual office contract). A one-off set up/administration fee will also be required: £150..
Serviced office: cost as per requirement.
ACCOUNTANCY
Quote based upon approximate number of monthly invoices and projected annual turnover.
HOW DO I PROCEED?
In order to commence the formation procedure, we will require the following:
A
completed
application
form.
A
certified
copy of
each director/shareholders
passport.
Two
utility
bills that
are less
than three
months old.
