Spain free zones

Spain free zones

free zone company registration in Spain The Spanish Government operates 4 Free Zones: i) Ceuta and Melilla free zones ii) Cadiz Free Zone iii) Vigo Free Zone and iv) Canary Islands Free Zone. These zones offer multiple benefits including i) reduced corporate tax rate of 4% ii) reduced VAT rate of 7% iii) transfer tax exemption and iv) stamp duty exemption.

Free zone comparisonCanary IslandsCeuta and MelillaCadizVigo
Spanish free trade zone used mostly by which industry?ConstructionTextilesManufacturingAutomobile
Average annual Industrial space rent per 1000 sq. m.€35,000€40,000€38,000€35,000
How long to set the company up? 3 months 3 months 3 months 3 months
How long to open company bank account?3 weeks3 weeks3 weeks3 weeks
Quality of UtilitiesGoodGoodGoodGood
Allowed to sign sales contracts with Spain Clients?YesYesYesYes
Allowed to invoice Spain Clients?YesYesYesYes
Corporate tax payable in Spain4%4%4%4%
Corporate bank accountBanco SantanderBBVALa CaixaBanco Sabadell
Physical office space requiredYesYesYesYes
Allowed to import raw materials?YesYesYesYes
Allowed to export goods?YesYesYesYes
Can be wholly foreign ownedYesYesYesYes
Can the entity hire expatriate staff in Spain?YesYesYesYes
Minimum number of directors1111
Minimum number of shareholders1111
Tax registration certificate requiredYesYesYesYes
Individual shareholders allowedYesYesYesYes
Corporate shareholders allowedYesYesYesYes
Corporate director(s) allowedYesYesYesYes
Public register of shareholders and directorsYesYesYesYes
LLC company allowed?YesYesYesYes
Annual audited financial statementsYesYesYesYes

Frequently asked questions

Contact us

For additional information on our free zones services in Spain, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi