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Take the first step towards realizing your entrepreneurial dreams by incorporating a company in Spain and turning your business idea into a thriving reality!
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How can a lawyer help me?
There are precise steps that must be taken in order to form a corporation while launching a business there. It is highly recommended for international businessmen to have legal aid and legal representation on such proceedings, especially if they are unfamiliar with the local legal system.
At Lexidy we can offer assistance with company formation services.
The team at Lexidy LegalTech Boutique has years of experience working all clients the world over and their company formation needs. We regularly work with businesses of all sizes throughout the country’s economic centers to position new entreprises for success. We can help you from the company registration or services relating to investments to expert guidance regarding the real estate market.
Contact us now to get your free consultation case and we will help you with the process.
What Our Clients Are Saying
Don’t try to go through the Company Formation process on your own. Seek the help of an experienced corporate lawyer to increase your chances of success and make the process as smooth and stress-free as possible.
What types of companies can we incorporate?
The types of companies that can be incorporated in Europe depend on the country in which you want to establish your business. However, some common types of companies that can be incorporated in Europe include:
This is a popular type of company structure in Europe, which offers limited liability protection to its owners. It requires at least one shareholder and one director, and the liability of shareholders is limited to the amount of capital they have invested in the company.
This type of company is a publicly traded company and is required to have a minimum share capital. It has a board of directors, which is responsible for managing the company, and its shares can be bought and sold on the stock exchange.
A partnership is a business structure where two or more individuals share ownership and profits of the company. The partners are jointly responsible for the liabilities of the company.
A sole proprietorship is a business structure where an individual is the sole owner of the company. The owner has unlimited liability for the debts and obligations of the business.
A cooperative is a type of business structure that is owned and controlled by its members, who share the profits and benefits of the company.
A branch office is an extension of a foreign company, which operates under the same legal entity as the parent company.
Steps for Company Formation in Europe
Creating a company in Europe can vary depending on the country where you want to establish it. However, here are some general steps that can guide you in the process:
Determine the legal structure: You need to decide on the legal structure of your company, such as a sole proprietorship, partnership, limited liability company (LLC), or corporation.
Choose the country and location: Decide on the country and city where you want to establish your company. This can depend on factors such as tax laws, market conditions, and infrastructure.
Register your business: You will need to register your business with the appropriate government agency in the country where you plan to operate. This can include obtaining a tax identification number and registering with the chamber of commerce.
Obtain necessary permits and licenses: Depending on the type of business you want to start, you may need to obtain specific permits or licenses. For example, if you plan to sell food or alcohol, you will need to obtain a permit from the relevant authorities.
Hire employees: If you plan to hire employees, you will need to follow the labor laws in the country where you operate. This can include providing appropriate benefits and complying with minimum wage laws.
Open a bank account: You will need to open a bank account in the country where your business is located to handle financial transactions.
Comply with tax laws: Make sure you understand and comply with the tax laws in the country where you operate. This can include registering for and paying taxes.
It’s important to note that the process of creating a company in Europe can be complex and time-consuming, so it may be helpful to consult with a lawyer or accountant who is familiar with the laws and regulations in the country where you plan to operate.
Costs of setting up a company in Europe
The costs of setting up a company in Europe can vary depending on the country where you want to establish your business and the legal structure you choose. Here are some general costs to consider:
Registration fees: The registration fees for setting up a company in Europe can range from a few hundred to several thousand euros, depending on the country and the type of company you want to establish. For example, in France, the registration fee for a SARL (Limited Liability Company) is around €400.
Legal and accounting fees: The fees for legal and accounting services can vary depending on the complexity of your business and the amount of work required. To better understand your case and get an approximate quote, contact us and we will provide a free consultation to understand your case.
Notary fees: Notary fees can be required in some countries for the registration of a company, and the fees can vary depending on the country and the type of notary service required. For example, in Spain, the notary fees for a public limited company can range from €500-€2,500.
Share capital: The amount of share capital required for setting up a company in Europe can vary depending on the country and the type of company structure you choose. For example, in Italy, the minimum share capital for a limited liability company is €10,000, while in Spain, you can set up your Limited Liability Company (S.L.) with just 1€.
Taxes: The taxes associated with setting up a company in Europe can vary depending on the country and the type of company structure you choose. Also, depending on the country, you will have to pay a different Corporate Income Tax (CIT), going from 21% in Portugal to 28% in France.
It’s important to note that these costs are only general estimates, and the actual costs can vary widely depending on the specific circumstances of your business and the country where you plan to establish your company.
How can a lawyer help me?
The process of incorporating a company can be very long, expensive and, ultimately, exhausting. International businesses and entreprenerial ex-pats are often unaware of specific regulations set by Capital Companies Act or the Mercantile Register Regulations. This can lead to unforeseen hurdles and complications that delay your market entry, first-mover advantage or even drain your start-up capital.
A lawyer will guide you through the company incorporation process, whether it’s a Limited or Public Limited Company, and make the bureaucracy much simpler. A legal professional has the expert knowledge and practical experience to make the process faster, more affordable and more efficients. For example, a highly-qualified lawyer has regular interactions with Spain’s various public administrations and can glide through the unique requirements and questions, which often complicate the procedure for those unfamiliar with officials.
Even if you successful navigate the corporation process, the Mercantile Register is quick to reject the registration of deeds of incorporated companies. Their meticulous approach will flag any small formal errors and delay the process. A professional lawyer will have the experience to avoid any errors, large or small, to ensure your business gets to market as quickly as possible.
Another benefit of appointing a lawyer when forming a company is Power of Attorney. A company or director can grant legal authority to a lawyer and empowered them to act on their behalf when the officials require someone to appear in person for a particular process. This helps the business save on the cost, time and hassle of traveling to Spain for bureaucratic processes.
The team at Lexidy LegalTech Boutique has years of experience working all clients the world over and their company formation needs. We regularly work with businesses of all sizes throughout the country’s economic centers to position new entreprises for success.
¨We will be with you each step of the journey.¨
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“We know the legal aspects of getting your business project in a foreign country can be anything but an easy, straightforward process, – that’s why we come in! We will be by your side every step of the way, so you can actually focus your time on your new Spanish Business Project.”