Barcelona is one of the
main towns in Spain, ranking as the
second largest city after
Madrid. Investors may start the procedure of
company formation in Spain in this city in the field of
tourism, a industry with a long tradition in the region, and other economic sectors are also of high importance here, such as
ICT, biotechnology, aeronautics, shipping or manufacturing.
Our team of specialists in company registration in Spain can assist investors with specific requirements that are available for these industries.
Registration steps for a Spanish company
All
companies incorporated in this jurisdiction, including
Barcelona, have to register with the competent authorities during the procedure of
company formation in Spain. One of the requirements is to register with the
Registro Mercantil Central (the
Spanish Trade Register), by submitting specific
company documents.
The procedure is completed after the investors have decided on the
legal entity of the company and after the
company’s statutory documents were drafted and notarized at a
local notary in Spain.
Foreign investors can set up any legal entity provided by the Companies Law, as follows:
• public limited liability company;
• general partnership;
• limited partnership;
• sole properietorship.
Also,
foreign companies may set up a
branch office or a
subsidiary in Spain and
our representatives can advise on the advantages and obligations deriving from these structures.
Regardless of the legal entity chosen for registration in Barcelona, the investors will need to establish a unique trading name for the future company and to set up a corporate bank account, which can be opened at a local commercial bank.
Registering for taxation in Barcelona, Spain
Legal entities are liable to taxation for commercial activities in Spain. One of the main taxes applicable to Spanish companies is the corporate tax. The rate at which the corporate tax is imposed here depends on the size of the company and its revenues.
Also,
companies are liable to
value added tax, available at the
standard rate of 21% and
two reduced VAT rates, of
10% and 4%. The
reduced VAT is applicable only for certain types of products and services.
Investors may
contact our team of consultants in company registration in Spain for consultancy services referring to other
incorporation requirements available in
Barcelona.