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Company Formation in Barcelona
Updated on Thursday 01st February 2018 Rate this article
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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.
Meet us in Madrid and Barcelona
Call us now at +34 915 36 78 06 or +34 938 074 056 to set up an appointment with Federico Richardson, one of our specialists in company formation in Madrid and Barcelona. Alternatively you can incorporate your company without traveling to Spain.
As a Lexidy Law Boutique SLP client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Spain.
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