Spain Company Formation @ Healy Consultants

Spain Company Formation

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FEES SCHEDULE

Year 1 incorporation USS5,900*

Year 2 onwards
US$3,500

Nominee shareholder/director
US$1,800**

Company de-registration
US$1,450

* Depending on corporate structure and professional services required.

**Excludes US$1,100 refundable deposit.

If properly-structured, a Spanish limited liability company (Sociedad Limitada) is an excellent way for entrepreneurs to conduct international business. The following information will help you determine whether Spain company formation is the optimum corporate structure to fulfill your international business objectives:

Advantages of Spain Company Formation

100% foreign ownership is permitted with Spain company formation. A minimum of one shareholder and one director is required for Spain company formation. The director(s) need not be resident in Spain. Corporate directors are permitted.

It is easy to open global corporate bank accounts to support Spain company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Spain is positively ranked as the world's 36th freest economy in the Heritage Foundation’s 2010 Index of Economic Freedom , a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. Spain has also been ranked 33rd by the World Economic Forum in the Global Competitiveness Report 2009-2010.

Spain is positively ranked as the 32nd least corrupt country in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

Spain has signed double tax treaties with more than 50 countries around the world, including in the European Union (EU) and Latin America, making it especially attractive for entrepreneurs with interests in Latin America.

Disadvantages of Spain Company Formation

A minimum capital of 3,006 Euros (US$4,425) must be paid up in full prior to Spain company formation.

Following Spain company formation, all companies are required to submit annual financial statements and a tax return to the Mercantile Registry (Registro Mercantil).

A Spanish company is liable to pay a corporation tax of 32.5%. However, for companies whose annual turnover is less than three million Euros (US$4.4 million), the corporate tax rate is 25% for the first 120,200 Euros, and 30% for profits above this.

Due to certain levels of bureaucracy in the country, Spain company formation is a time consuming and tedious process. According to the World Bank's Doing Business 2010 Survey, Spain negatively ranked as the world's 62nd easiest place to do business.

Contact Us

For more information on Spain company formation, email email@healyconsultants.com or call us at (+65) 6735 0120.

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