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FEES SCHEDULE Year 1 incorporation USS5,900* Year 2 onwards Nominee shareholder/director Company de-registration * Depending on corporate structure and professional services required. **Excludes US$1,100 refundable deposit.
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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: |
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| Advantages of Spain Company Formation | |
1. |
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. |
2. |
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. |
3. |
Singapore is positively ranked as the world's 31st freest economy in the Heritage Foundation’s 2007 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. |
4. |
Spain is positively ranked as the 25th least corrupt country in the 2007 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
5. |
According to the 2008 Doing Business Survey by the World Bank, Spain is the world's 38th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. |
6. |
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. |
| Disadvantages of Spain Company Formation | |
1. |
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. |
2. |
A minimum capital of 3,006 Euros (US$4,425) must be paid up in full prior to Spain company formation. |
3. |
Following Spain company formation, all companies are required to submit annual financial statements and a tax return to the Mercantile Registry (Registro Mercantil). |
4. |
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 2008 Survey, Spain negatively ranked as the world's 38th easiest place to do business. |
| Other Information | |
| Refer to the following links to read more information on Spain company formation: | |
| Contact Us | |
For more information on Spain company formation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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Back to Europe Company Incorporation page. |
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FEES SCHEDULE Year 1 incorporation USS5,900* Year 2 onwards Nominee shareholder/director Company de-registration * Depending on corporate structure and professional services required. **Excludes US$1,100 refundable deposit.
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| © 2003 Healy Consultants Pte Ltd | EUROPE COMPANY SET UP SERVICES |