Key Steps to Starting a Business in Spain

Written By Andriy Tsura

Here are the main steps to setting up a company in Spain:

  • Choosing the Legal Structure

    • Autónomo (Self-Employed): Ideal for freelancers and small businesses.

    • Sociedad Limitada (S.L.): The most common business structure, offering limited liability to shareholders.

    • Other structures: Including Sociedad Anónima (S.A.), suited for larger enterprises.

  • Obtaining the NIE (Número de Identidad de Extranjero)

    • Every foreign shareholder must obtain a NIE, which is required for all legal and tax-related operations in Spain.

  • Depositing the Share Capital

    • For an S.L., the minimum required share capital is €3,000, which must be deposited in a business bank account.

  • Drafting the Articles of Incorporation and Registering the Company

    • The company must be formalized before a notary and registered in the Commercial Registry (Registro Mercantil).

  • Opening a Business Bank Account and Registering with Social Security

    • Essential for financial operations and hiring employees.


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Andriy Tsura
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Autónomo or Sociedad Limitada (S.L.)?