Professional opening of a corporate bank account for your company in Spain!
We guarantee the result and are in touch 24/7. Our team offers customized solutions and full legal support at all stages.
Unlike in many other areas where it is mandatory for a foreigner to involve a local nominee director or partner, in this jurisdiction you can be the sole owner of your business. The most popular investment formats here are:
Limited liability companies (minimum capital – from 3,000 euros).
Joint–stock companies (minimum capital - from 60,000 euros).
Non-residents have the right to conduct economic activity by registering the status of a private entrepreneur or by registering an individual enterprise. The key condition is to have a residence permit with the right to work in this state.
There are also options available for international companies: opening a representative office or setting up a subsidiary. The primary step is to reserve the unique name of your future organization in the Central Department of the Commercial Registry located in Madrid.
Our experts will prepare the main constituent document for you – the charter. It is important to note that the company's activities must be clearly defined, since a number of areas (for example, travel services) are subject to strict licensing. A notary in Madrid certifies the signatures of the founders, but is not responsible for obtaining permits for commercial activities.
Next, you need to get a temporary tax number and pay a stamp duty of 1% of the authorized capital. Information about the newly created organization is published in the Official Bulletin and entered into the state archive.
The registration procedure takes about 14 days. After that, we will help you register your legal entity with the tax service and the social insurance system. From this point on, operations can begin, but restrictions apply at the initial stage: you cannot hire employees, carry out export-import operations, or use a full-fledged checking account.
All commercial entities, regardless of their actual activity, are required to report annually to the fiscal authorities and submit financial statements to the Registry. An operating company is required to submit quarterly declarations for VAT, personal income tax (for employees, when they appear) and other mandatory payments.
Why is this location attractive for business?
Madrid is not only the political, but also the economic capital of the country, the largest business center. The city is known to tourists for its world-class museums, rich architecture and vibrant life. In terms of capital investment, Spain offers a stable economic environment and access to the markets of the European Union. Investment in the establishment of a company is considered here as a promising investment with good profitability in the medium term, especially in the service sector, tourism and technology.
We will detail the entire process and break it down into stages: from consulting and choosing the optimal organizational and legal form to accounting services and legalization of employment contracts. Start your business with confidence!