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

Spain is positively ranked as the world's 31st freest economy in the Heritage Foundation's 2011 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.

Spain ranks 42nd in the Global Competitiveness Report 2010-2011 by the World Economic Forum.

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.

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.

Spain is positively ranked as the 31st least corrupt country in the 2011 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 Spanish company is liable to pay a general corporation tax rate of 30%. However, for companies whose annual turnover is less than EUR �10 million euros (US$14,474,000 million), the corporate tax rate is 25% for the first EUR �300,000 of taxable base, and 30% for profits beyond this.

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

Due to certain levels of bureaucracy in the country, Spain company formation is a time-consuming and tedious process, lasting approximately 4 to 5 weeks. According to the World Bank's Doing Business 2011 Survey, Spain negatively ranked as the world's 49th-easiest place to do business.

A minimum capital of EUR �3,000 Euros (US$4,342) must be paid up in-full prior to Spain company formation.

Contact Us

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

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