Company formation in Spain
Sociedad Limitada (SL)
Legal minimum, year 1£330
Legal minimum, per year after£35
Typical year 1£2,288
Corporation tax25%Ease Banking
Every fee
Setting up
Government fee£150
About €175 registry + notary baseNotary deed£130 to 260
Required
NIE for each foreign director/shareholder£15 to 200
RequiredSelf-filed or via gestor
Bank certificate for capital£0 to 100
Required
Gestor or lawyer£0 to 700
Optional
Share capital€1
Time to form2 to 4 weeks
Running it, per year
Accounts deposit£35
Required
Registered address£0 to 300
Optional
Gestor or accountant£0 to 2,500
Practically needed
Legal minimum after year 1£35
Audit: Exempt below thresholdsForeign ownersNo resident director, but every foreign director and shareholder needs an NIENotary signing in Spain or by power of attorney
Tax25% (23% small, 15% first two profitable years for new companies)Dividend withholding: 19% (treaty reduced)VAT/GST: 21%
BankingSpanish bank certificate needed for the capital deposit
SourcesPwC: Spain corporate tax
Questions
- How much does it cost to set up a company in Spain?
- The legal minimum for the first year is £330, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £2,288. The government fee is £150 (About €175 registry + notary base). Share capital is not included.
- How much does it cost per year to run a company in Spain?
- The legal minimum after the first year is £35 a year. Running costs including optional and practically needed services range from £35 to 2,835. Audit: Exempt below thresholds.
- Do I need a local director in Spain?
- No. No resident director, but every foreign director and shareholder needs an NIE.
- Can a non-resident form a company in Spain remotely?
- Not fully. Notary signing in Spain or by power of attorney.
- What is the corporation tax rate in Spain?
- 25% (23% small, 15% first two profitable years for new companies). Dividend withholding: 19% (treaty reduced). VAT/GST: 21%.
- How long does it take to form a company in Spain?
- 2 to 4 weeks.
Elsewhere in Europe
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