How to set up business in Spain?
We have been approached by an environmenal energy business wanting to set up a subsidiary in Spain. Before proceeding with the translation of required documents, they want to confirm the legal and administrative procedures for pursuing this venture.
Can anyone point me in the right direction for the best advice on establishing business in Spain?
Hey Jessica, we can help you with moving into Spain. Feel free to email me directly email@example.com and we can organise a call. Thanks Mark
I have set out below details of our capabilities at Hallmark. Do ask your client to call us to discuss their concerns. We will be happy to offer them a consultation without under the Law Society’s Lawyers for Your Business Scheme.
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Some of the administrative procedures prior to the beginning of your client´s activity in Spain may depend on the location where the activity will be developed.
In any case, for the constitution of the new company it will be necessary to request a corporate name from the Central Commercial Register, develop bylaws consistent with the characteristics of the company and its business group, determine what the structure of the management body will be, and who are the directors… The foregoing shall be subject to notarization and then the public deed shall be duly registered in the Commercial Register.
The new company must be also registered before the Tax authorities and in the relevant section of the economic activities tax. It will also have the duty to submit different tax returns and labour returns on a monthly, quarterly and/or annual basis. The fact that it belongs to a multinational group may suggest certain tax planning and financial aspects that could be considered further after contact with your customer.
The subsidiary may also be affected by the Data Protection Act, and will have to inform the Ministry of Industry regarding some details of the foreign investment.
Russell Bedford España is a firm of lawyers and tax advisors and is a Spanish member of the Russell Bedford International network, which specializes in providing global services including accounting, tax, financial and legal assistance worldwide. We are at your disposal to look into the detail of the characteristics of the specific investment to undertake and assist in all areas where we can add value.
Please contact: Gabriel Martinez firstname.lastname@example.org
Tel.: (+34) 96 310 60 46