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Limited Liability Company in Spain
Thinking about creating a Limited Liability Company (SL) in Spain? Here’s what you need to know:
Setting up an SL is one of the most important steps when starting a business with growth ambitions. It is the preferred legal structure for self-employed professionals looking to scale up, startups, and small businesses seeking to protect their assets and project a professional image.
But… how do you actually create an SL in Spain?
Here’s a summary:
Step 1: Reserve your company name
Request the negative name certificate from the Central Commercial Registry.
Step 2: Contribute the share capital
Currently, you can create an SL with share capital starting from €1.
A bank account is opened in the name of the company under formation and the capital is deposited.
Step 3: Draft the Articles of Association
These are the “rules of the game” of your company.
Step 4: Sign before a Notary
The incorporation must be formalized in a public deed. At this stage, the Articles are signed and the company is officially established.
Step 5: Obtain provisional NIF and register with the Tax Agency
Apply for the provisional Tax Identification Number (NIF) and submit the census declaration (form 036 or 037) to declare the start of activity.
Step 6: Register with the Commercial Registry
Finally, the company is registered with the corresponding Provincial Commercial Registry.
