Question 1

Can a non-resident form and own a Spanish company?

Accepted Answer

Yes. There is no residency requirement to be a shareholder or director of a Spanish company. Every foreign shareholder and director needs a NIE (foreigner identification number), and a non-resident company shareholder needs a NIF and a local legal representative. We arrange all of this for you, so you keep full ownership and control.

Question 2

Do I need to travel to Spain to set up my company?

Accepted Answer

No. The entire incorporation can be completed remotely. By signing a notarised, apostilled power of attorney, your legal representative in Spain can obtain your NIE, open the bank account, deposit the share capital and sign the deed of incorporation before a Spanish notary on your behalf.

Question 3

What is the minimum share capital for a Spanish SL?

Accepted Answer

The standard minimum share capital for a Sociedad Limitada is €3,000, deposited into the company bank account before incorporation. Since the 2022 reform it is legally possible to start from €1, but you must then set aside 20% of annual profit to a reserve until €3,000 is reached, and €3,000 is what banks and partners typically expect.

Question 4

What is a NIE and why do I need one?

Accepted Answer

The NIE (Número de Identidad de Extranjero) is a Spanish tax identification number for foreigners. It is the first requirement before you can sign the incorporation deed, be a shareholder, act as director or open a bank account. We obtain the NIE for every shareholder and director, including remotely by power of attorney.

Question 5

How much corporate tax will my company pay?

Accepted Answer

The standard corporate income tax rate in Spain is 25%. Newly incorporated companies benefit from a reduced 15% rate during their first two profitable years. VAT (IVA) applies at a standard rate of 21%. Your exact position depends on your activity, and we coordinate the tax planning for you.

Question 6

How long does it take to register a Spanish company?

Accepted Answer

A realistic timeframe is around two to six weeks. The most variable steps are obtaining the NIE for everyone involved and the final registration at the Mercantile Registry. Once your documents and identity checks are ready, the notarial and registry stages move quickly.

Question 7

Which company type should I choose?

Accepted Answer

Most founders register a Sociedad Limitada (SL), the Spanish private limited company, which offers limited liability and flexible ownership. Other options include the SA (public limited company), a subsidiary or branch of a foreign company, and registering as an autónomo (self-employed). We help you choose the right structure for your plans.

Question 8

What are the ongoing obligations once I am set up?

Accepted Answer

A Spanish company keeps a registered address, files quarterly and annual VAT and corporate tax returns, and submits annual accounts to the Commercial Registry within six months of the financial year-end. From 2026, electronic invoicing applies. We handle the accounting and filings so you stay compliant.

Spain Formation Services

Spain Formation Services

SL Formation

NIE & NIF

Power of Attorney

Accounting & Tax

Registered Address

Legal Representative

Bank Account Help

Tax Optimisation

Form your entity

Protect your privacy

Stay operational

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