Nowadays, living in the digital age, the bureaucracy involved in opening a company has been reduced and now you can create a company from almost anywhere, without having to go to any office in person.
We will tell you what the requirements are if you are thinking of opening a company in shareholder database Spain. From the website RequisitesWeb.com you will find all the procedures and conditions that are necessary to start a business in Spain.
Requirements for creating a company in Spain
The first thing to do is to decide whether you want to act as a natural person (self-employed) or as a legal person (company). Each has its pros and cons, so you have to think carefully about which of the two options suits you best:
The natural person is liable with his or her personal assets, while the legal person (company) is liable with the assets in the name of the company.
The natural person exercises his rights in his own name and, in the case of a legal person, it is the company that assumes those rights.
A self-employed person does not need initial capital to start his or her activity, whereas a company does require a certain amount to be established.
The taxes you will have to pay will be different depending on whether you are a natural person or a legal entity:
Individuals or self-employed persons must register with the RETA and pay their taxes in the annual income tax return and in the quarterly VAT return .
Legal entities must be registered for the Economic Activities Tax and, in addition to the obligations of natural persons, must comply with the Corporate Tax .
Developing the procedures to become self-employed would entail writing an overly long article, so this time we are going to focus on the business model.
If you decide to set up as a legal entity, you will need to have: an opening license . This can be requested from the City Council, which will issue it for the specific activity.
Make a financial contribution , that is, at the time of incorporation of the company, the partners must contribute an amount of money as a guarantee.
Apply for the NIF . The NIF is like the DNI of companies, it is the Tax Identification Number. The NIF must be requested at least one month after the company is established and you must complete form 036 or its simplified form 027.
Registering for the IAE (Economic Activities Tax) at this time is where you have to choose the type of activity that best suits your business between business, professional or artistic .
Registration with RETA and Social Security: whether you are going to be self-employed or a company, you must complete this procedure.
Certificate of refusal of name : before setting up the company, you must have this certificate which proves that there is no other company with the same name.
Drafting the company bylaws: This is a set of rules that express the rights and obligations of the partners in the company. They must be drawn up before the company is registered in a public deed and must be included in the company.
Open a bank account: the company's share capital is deposited in this account.
Sign the deed before a notary : once you have completed all these procedures, you can now set up your company and to do so, you must sign the deed before a notary.
