If you’re looking for a place to invest and form a company, and Spain caught your eye due to its recovering economy and its great Mediterranean weather; it is highly recommended that you get the services of Spanish lawyers with years of experience in these kind of matters so they can help you set up your company.

Legal paperwork

Like in every other country, to form a company in Spain you must fill tons of paperwork. But that’s not all, to even be able to start filling the forms that you need, you will first have to go through the process of getting a Foreign Identification Number. This document, usually called the NIE number, is needed for almost everything that you want to do in Spain, from getting your driver’s license to opening up a bank account.

Once you have it, you will have to begin the process of getting a NIF number. The Fiscal identification Number is just like the NIE, but this one is needed for fiscal matters, like tax paying or form a company.

Once you have these numbers, you will be able to start the process of registering your logo, your brand and your fiscal name. As you can see there’s a lot of paperwork involved in the process of starting a company from zero in Spain. This is why the help of a law firm with lawyers expert in the matter can prove to be an incredible asset.

Type of company

Pages like Companyformation.es can guide you through the process of setting your own company. They can help you decide which type of company suites you best. For example, a limited liability company only needs 3.000 € to be made, and instead, a public limited company needs a minimum capital of 60.000 €. Because of these types of differences, it is advised to procure the services of a lawyer that can help you with all the decisions that you must make in order to set up your own company.

They can also help you outline your business plan so it can meet all the requirements that Spanish authorities need, like projecting the impact that your company could have on the zone and how many jobs will it create.

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