{"id":9251,"date":"2021-03-19T08:14:45","date_gmt":"2021-03-19T08:14:45","guid":{"rendered":"https:\/\/letslaw.es\/?p=7426\/"},"modified":"2023-01-23T10:16:12","modified_gmt":"2023-01-23T10:16:12","slug":"how-to-set-up-a-business-in-spain","status":"publish","type":"post","link":"https:\/\/letslaw.es\/en\/how-to-set-up-a-business-in-spain\/","title":{"rendered":"How to set up a business in Spain"},"content":{"rendered":"

Are you wondering how to set up a business in Spain<\/strong>? Throughout this article we are going to identify what are the different milestones<\/strong>, from legal framework, to consider to create a company in Spain<\/strong>. To do this, we will start by mentioning what are the main steps to follow to create it.<\/p>\n

We are going to focus this article on the creation of commercial companies<\/strong>, more specifically on Limited Liability Companies<\/strong> or better known as Limited Companies<\/strong>.<\/p>\n

Main steps to create a company from scratch<\/h2>\n

Once we have a clear idea and the business viability, as well as those who will be part of it from the beginning, we will start with the procedures required for the incorporation of the company.<\/p>\n

1. Request the certificate of denomination from the Mercantile Registry<\/h3>\n

Once the legal form has been chosen, the next step to consider will be to request from the Mercantile Registry the certificate of denomination with the company name<\/strong> that is intended to be granted to the new company.<\/p>\n

This application must include<\/strong>, in order of preference, up to five company names<\/strong>, one of those who are going to be partners of the company to be incorporated must appear as an applicant for the company names.<\/p>\n

2. Establish the bylaws<\/h3>\n

Having obtained the negative certification of the company name from the Mercantile Registry, the articles of association<\/strong>, also known as bylaws<\/strong>, must be drawn up<\/strong>. The bylaws are the rules that will regulate the internal functioning of the company<\/strong>, from the rights and obligations of the partners to the functions of the members of the board of directors.<\/p>\n

Among the information on the company that the different articles of the bylaws must contain, we can mention name of the firm<\/strong>, corporate purpose, capital stock, registered office, internal organization of the administration body, closing date<\/strong>.<\/p>\n

3. Start with the monetary contributions to establish the company<\/h3>\n

The draft of the bylaws and the negative certification with the reservation of the company name, will be the necessary documents to be presented at the bank where the opening of the company’s bank account<\/strong> is to be carried out.<\/p>\n

In this step, the partners must make transfers to the company’s account<\/strong>, in case of establishing the company with monetary contributions.<\/p>\n

It will be very important that those who are going to be partners of the company that is incorporated, make the transfers to the account of the company from an account of which they are holders and as a concept of that transfer it is stated that it is made for the incorporation of a company.<\/p>\n

4. Sign the incorporation of the company and present it to the public<\/h3>\n

Once the bank account has been opened and the contributions of the partners have been made, they may attend the notary’s office at the signing of the incorporation of the company and its presentation to the public<\/strong>.<\/p>\n

For the presentation of the incorporation deed, it will be necessary to present before a notary so that it is included in the deed<\/strong>:<\/p>\n