Madrid is the
capital city of Spain, being the largest destination for business purposes in this country. With a population of more than
6,400,000 million persons (as presented by the data gathered by
Eurostat in 2017),
Madrid has a
high developed economy, with numerous business sectors that attract
foreign direct investments.
Businessmen who want to
open a company in Spain can
start a business in Madrid in the
services and industrial sectors, which have shown the
highest growth rates. At the same time, business opportunities may arise in the
construction sector, financial field, commerce or transportation. Depending on the business activities investors are considering starting in
Madrid,
our team of consultants in company formation in Spain can provide information on the main registration requirements imposed by the local legislation.
Register a Spanish company
As a general rule, most of the investors choose to start the procedure of
company formation in Spain for a
limited liability company. This
business form provides numerous advantages and
protection against company’s liabilities.
However, foreign businessmen can also
start a business in Spain by
purchasing a ready-made company, which benefits from a simpler procedure that can be presented by
our team of representatives.
Regardless of the
legal entity preferred by the investors, one of the compulsory requirements is to
obtain a tax identification number by submitting specific documents requested at a
Spanish police station, which is entitled to handle the procedure.
Our team of company formation specialists in Spain can offer in-depth assistance on this matter.
Foreign businessmen can also receive advice on the
company’s statutory documents and the compulsory provisions that have to be included, depending on the
business form registered here.
Register a Spanish corporate bank account
Spanish companies are required, under the local legislation, to
open a corporate bank account at a
local commercial bank. The
bank account is used for
depositing the minimum share capital. In the case of a
limited liability company, the
minimum capital is of EUR 3,000. The procedure has to be completed after the investors have applied for the
tax identification number.
The procedure of
company registration in Spain includes other necessary steps and investors are invited to
contact our team of consultants for complete information regarding this subject.