Small business setup in Spain
Spain offers a favorable environment for small businesses, thanks to its diverse market, thriving tourism sector, and stable economy in industries like real estate, hospitality, and various services. We have extensive experience in helping start-ups and small businesses grow. Our in-depth knowledge of the local market and expertise in company formation allow us to guide you through the necessary paperwork and procedures to establish your small enterprise in Spain. Let’s explore the benefits of starting a small business in Spain and how our tailored solutions can help ensure your success.
Formalities and procedure
The process of setting up a small business in Spain consists of various stages that can be finished within a short period of time.
Choose a business name
The name of the company needs to be distinct and not currently being used. To verify if a name is available, you can check the Spain Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your small business. To aid you in making a knowledgeable choice that suits your specific needs and future goals, we offer expert advice on options such as Limited Liability Company (S.L.), Newly Created Limited Liability Company (S.L.N.E.), Public Limited Company (S.A.), Branch Office, Holding Company.
Set up legal address
It is crucial to have a designated legal address when launching a business, as it acts as the primary point of contact for government offices, legal institutions, and relevant business communications. Selecting a legal address that complies with local laws and aligns with your business needs is of utmost importance.
Get the necessary paperwork ready
Our team of professionals will assist you in producing accurate and comprehensive documentation tailored to your company’s specific structure and objectives. We ensure compliance with all legal requirements and will handle the filing procedures on your behalf.
Open a bank account
Setting up a corporate bank account is necessary for starting a business in Spain. We will guide you through the process, ensuring that you meet all requirements, and assist you in establishing a bank account with a well-known financial institution in Spain for your small business activities.
Company registration
We take care of registering your small business with authorities such as the Trade and Companies Register and tax authorities, saving you from the administrative hassle. This ensures that your small business is legally recognized and compliant from the beginning.
Setup accounting
In order to successfully start a small business, it is crucial to keep precise financial records. Our accounting team can assist in setting up efficient accounting and bookkeeping procedures that adhere to Spain’s regulations.
Small business examples
Small businesses exist in various industries and sectors, each having unique requirements. Here are a few examples of small businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in Spain
Spain is an appealing location for establishing small businesses, providing numerous benefits:
Strategic location
Spain has a diverse market that includes a strong tourism sector and a stable economy, especially in real estate, hospitality, and other service industries. The country’s strategic location, well-developed infrastructure, and highly skilled workforce make it an attractive option for businesses seeking to benefit from its lively and prosperous economy.
Favorable tax regime
Spain applies a uniform corporate income tax rate of 25%. Specific types of income may be subject to different rates. Spain provides deductions and incentives to encourage research and development, as well as environmental sustainability.
Banking
Spain has a varied and advanced banking sector, granting entry to an extensive array of financial products. Its steady economy fosters a favorable setting for investment and banking operations.
Our small business setup solutions
We understand how valuable your time and resources are. This is why we offer two convenient choices to make the process of starting a company easier.
Business formation online
By using the online platform offered by Spain, individuals can start and finish the process of setting up a business from any location in the world. The option to track progress, submit necessary paperwork, and access our services through secure digital channels guarantees a seamless and user-friendly experience.
Business formation remotely
If you would like a more hands-off approach, we are able to manage all the necessary paperwork on your behalf. Our team of experts will handle all the required formalities and communicate with the appropriate authorities to ensure your peace of mind.
Contact us today and launch your small business success
Contact us now to schedule a meeting and begin pursuing your business goals. Let’s start this journey together.