Company registration in Spain

Doing business in India is in great demand among foreigners. This is explained by the rapid economic development of the country and a number of its positive aspects. If you want to open your own company in Spain, contact the specialists at Crystal Tax.

Company registration in Spain: advantages and disadvantages

The main advantages of opening an institution in the country:

• possibility of obtaining a Spanish residence permit as an entrepreneur;
• healthy business and investment climate in a European country;
• trust of Spanish and European banks when obtaining credit loans (from 2.5%) for business development and personal needs;
• the founders are not personally liable, including their own property, for the company’s debts;
• minimum authorized capital of 3000 Euro to start a company;
• possibility of working with zero VAT in case of purchase of services and goods between companies of the European Union. The tax office requests and receives the so-called ROI.

Creation of a company in Spain – it is also an advantageous geographical location. After all, the country is located in such a way that businessmen have access to the Asian market. And established trade relations with many countries allow us to successfully occupy a niche at the global level.

Along with a number of advantages, an entrepreneur may face a number of disadvantages. One of them is a complex bureaucracy. If you need assistance, please contact Crystal Tax.

Do you want to open a company in Spain? Select type of ownership

The procedure for registering a company in Spain follows a unified algorithm. But many nuances depend directly on the chosen form of activity.

Currently, several forms of activity are available to foreigners:

1. Private limited liability company. It requires the presence of at least two members of society. There can also be at least two directors. Every year it is necessary to submit reports to a special register of companies.
2. Public limited liability company. Participants can be from seven people. Their maximum number is not specified. According to the legislation of the country, reports must be submitted every year that relate to economic activities.
3. One Person Company (OPC). About 15 directors are allowed, but only one owner of the organization. Reporting is also present.
4. Limited liability company. According to the law, two partners are allowed. The total number of participants is not limited. Annual reporting and regular payment of taxes are mandatory.

What is the taxation if you open a company in Spain?

If you decide to register a company in Spain, you should carefully study the issue of taxation. The country has a tax system that determines the tax rate based on the status of the company.

In addition, every commercial organization is required to pay a minimum alternative tax, the amount of which is 15% of book profit.

The law also provides for bonuses – unique taxes of an additional type that are applied to companies that earn more than the established norm. For details, contact Crystal Tax specialists.

Is it possible to register a company in Spain and obtain citizenship?

Registration of a business in Spain does not provide instant citizenship. If you are a foreigner who is engaged in commercial activities and want to become a citizen of the country, first you need to obtain a residence permit.

You can apply for Spanish citizenship by naturalization after 10 years of living in Spain. This method will be an excellent solution for wealthy people who want to move to Spain and travel around the European Union without visas.

For details, consult with Crystal Tax specialists. They will provide you with the most comprehensive answers to the questions that interest you.

Registration of companies in Spain with Crystal Tax

When you decide to register a business in Spain, you should carefully choose a reliable assistant for this. Crystal Tax has been operating in the services market for a long time. During this time, she has established herself as a reliable and responsible assistant in matters of registering businesses throughout the country.

The main advantages of cooperation with our company:

• efficiency;
• guarantees;
• reliability;
• solving issues of any level of complexity;
• low cost of services;
• high professionalism;
• individual approach.

If you want to open a company in Spain, leave a request on the Crystal Tax website. The manager will contact you to clarify the details of cooperation.