Contact in Spain
Spain: +34 932 20 44 40
UK: 0800 098 8033
US: +1 415 651 8449

Spanish SL – Set Up a Limited Company in Spain

Spanish SL

The figure of Spanish SL is the equivalent of a UK limited company and afford director/owners the protection of the corporate veil. It it the appropriate corporate vehicle for anyone setting-up a business in Spain who requires either limited liability protection or a more complex corporate structure than is possible with the simpler structure used by those self-employed in Spain.

Given the elevated levels of bureaucracy and red-tape in Spain, despite more recent efforts to address the issue, it makes sense to have English-speaking business and tax experts available to assist you with your business plans in Spain – from the start-up phase through to ongoing tax-compliance and HR matters such as processing new employees and Social Security obligations.

 

Tax & Social Security Registration

Our tax experts will assist you to set-up your business in Spain including company name registration, Mercantile Registry operations and bank account set-up.

 

Ltd Company Incorporation & Tax Service Features

The Limited Company Incorporation and Tax Service package provides all of the assistance you will need to get set-up and operating in the quickest time possible in Spain, and includes the following individual services:

  • Creation of certificate of Incorporation and Registration with the Companies Registry
  • Registration of Company with the AEAT (Hacienda – Tax Authority)
  • Registration of Company with the Spanish Social Security system
  • Recommendation on the most appropriate fiscal arrangement to ensure taxation levels are optimised
  • Resolution of tax enquiries related to the industry sector of the company
  • Maintenance of all legally required records (income, expenses, invoicing, assets)
  • Completion and presentation of all required tax returns
  • Company annual return (abbreviated accounts: balance sheet, profit and loss statement, annual report)
  • Ongoing updates on any legislative changes affecting the area of the Company Activities

 

Fees

The cost of registration with the Spanish Inland Revenue (AEAT) and Social Security system will vary according to the complexity of the corporate structure required, though typically a single director company will cost approx. 600 € + Notary, Commercial Registry and any associate administrative costs.

The Limited Company Incorporation and Tax Service starts at 120€ per calendar month

For those with an unusually high level of operations it may become necessary to adjust the fee level, but only with the client’s prior agreement.

 

Spanish SL – Additional Services

The Limited Company Incorporation and Tax Service is ideal for single person or even multi-director Limited Companies in Spain. Should you have employees then you will want to add the Fully Managed HR & Payroll Service:

Fully Managed HR & Payroll Service

This service includes the following components:

  • Initial Set-up according to client’s requirements
  • Production of Employee Payslips (printed at client site)
  • Management & Payment of Employer & Employee Social Security Contributions
  • Registration and Removal of Employees from Social Security system

This service costs €25 per month for the first employee and €20 per additional employee.

All prices are ex-IVA (@ 21%).

 

Regulated Experts

Our consultants are registered and regulated by the local Law Society or Chartered Accountants body and speak fluent English. You can therefore be sure that you will obtain timely answers to any queries you may have, in a language that you understand!

 

60 Office Locations Across Spain

With 60 individual office locations throughout the Iberian peninsula and the islands, and 6 tax specialist centres we are able to offer a truly nationwide service to English-speakers wherever they are located in Spain.

You may be interested in the following services...

Client testimonials

"It is great to discover an honest professional, I will use Alvaro again. My last experience with our conveyancing lawyer was the opposite.
It would have been easier if cv19 was not around, well done and thanks."

David Yeomans (Dec 11, 2020)

Business Licence Application

This service is available across Spain

Location

1Who is this Service for?

Opening and operating a business can often require the owner to obtain a license to carry-out the specific activity.

Sometimes, this is passed-on to the new owner, if purchasing an existing business, or if not, it may be necessary to make an application.

Where the business shall deal with the public, licence applications tend to be quite arcane and complex. Especially if the activity or service to be provided is dangerous in any way, such as certain sporting activities.

2What does this service consist of?

  • Initial discussion with a lawyer to understand the project you have in mind
  • Preparation of a report on the steps to be taken to initiate the activity and the likely costs involved, including an evaluation of the likelihood of success
  • Upon agreement, initiation of the application and the steps to obtain the licence
  • Follow-up services to include full tax and accounting service
Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Client testimonials

"Jose's English is excellent and he explained everything to the letter. Absolutely brilliant and will definitely go back to him when we have found a house to buy.

Can't fault anything. In fact he showed us the car registry office and other offices that will be useful to help us settle in his beautiful country. A real gentleman. "

Cheryl Ann Taylor (Sep 10, 2019)

Limited Company Set-up Service

This service is available across Spain

Location

1Who is this Service for?

Depending on the type and size of the business that you are planning to set-up, a limited company can often be the appropriate choice – for the same reasons as are the case in your home country – flexibility and limited liability.

Note that the bureaucracy associated with incorporating a company and ensuring tax and reporting compliance tend to be rather more complex than in the UK and other Anglo-Saxon jurisdictions.

2What does this service consist of?

  • Ensure legal interests are protected, especially when creating a company with several partners.
  • Drawing-up a notarial contract according to your guidelines, properly prepared and tailored to your objectives.
  • Ensuring that your Articles of Association contain all necessary elements.
  • Make sure that the application is made in accordance with the requirements of the Commercial Companies Code. With the power of attorney you will have granted to us, on your behalf we will register your company at all Government institutions and offices required by law.
  • Applying for company tax and identification numbers.
  • Obtaining all necessary documents, permits and approvals.
  • Dealing with bank formalities connected with setting up of the company bank account.
  • Once completed the registration process, we will draw up all other corporate documents required by the Commercial Companies Code.
Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Client testimonials

"Rosa responded efficiently I was extremely happy and satisfied with this !

She explained everything I needed to know and more to help me understand. At the beginning I found the process daunting Rosa took this feeling way and helped me feel at ease.

Paying was straight forward and I was well informed with fees etc. Rosa took a very professional approach and I felt comfortable approaching her about any issues I had.

She is a credit to advocate abroad !!!!! Thank you for your help !!!!!!!!!❤️"

Abbie Orsini (Jun 18, 2020)

Payroll Services

This service is available across Spain

Location

1Who is this service for?

The Advocate Abroad Tax-Payroll-HR service in Spain offers assistance from English-speaking business and tax experts who will help you with your ongoing (or start-up) business operations in Spain.

Apart from setting-up and managing the payroll system in Spain for new businesses - and existing ones -  this service includes processing new employee contracts, handling Social Security obligations as well as communications with this department as well as advising on the most appropriate corporate structure that will allow you to minimise tax exposure.

2What does this service consist of?

This HR & Payroll Service includes the following components:

  • Initial Set-up according to client's requirements
  • Production of Employee Pay slips (printed at client site)
  • Management & Payment of Employer & Employee Social Security Contributions
  • Registration and Removal of Employees from Social Security system

This service costs €25 per month for the first employee and €20 per additional employee.

All prices are ex-IVA (@ 21%).

3Additional Services

For those who have not yet established their limited company in Spain, you will also be interested in the the Limited Company Incorporation and Tax Service which is ideal for single person or multi-director Limited Companies in Spain.

4Regulated Experts

Our consultants are registered and regulated by the Professional Accountants Body of Spain and speak fluent English. Therefore, you can be sure that you will obtain timely answers to any queries you may have, in a language that you understand!

Support services

5Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Client testimonials

"I found the service offered was of the highest standard. Every question we put forward, was answered promptly and with a useful response. If we needed advice or for someone to attend meetings, then this service was very forthcoming.

The knowledge and expertise was excellent. The fees charged were extremely fair.

Overall, the service provided far exceeded my expectations and I could not have asked for more."

Daryl Jessup (Jan 05, 2022)

Tax & Accounting Services

This service is available across Spain

Location

1Who is this service for?

Anyone undertaking a business activity via a limited company will require a local tax and accounting service.

While you will benefit from not having to worry about whether or not you are compliant with the legal requirements such as VAT returns, Corporation Tax, Income Tax etc. you can also relax in the knowledge that any communications received from the Tax Authority – often impenetrable to locals never mind foreigners – will be managed conveniently and efficiently by your accountant.

2What does this service consist of?

  • Financial accounting and reporting.
  • Accounting for special purposes, preparation of annual accounts.
  • Manage communications with the Tax Authorities.
  • Complete management of the company’s accounts.
  • Administrative support for accounts/ accounting records: Preparation of accounting.
    Documents – cash documents, travel orders, inventory control, property records, issuing invoices, internal documents, approval process of documents, printing & copying, sorting and filing of accounting documents).
  • VAT returns, Corporation Tax, Income Tax, Non-resident tax, any other tax obligation with any national tax authority: National/Regionals/Local.
  • Business address (whether it will be only for correspondence or you will really make your business there).
  • Recommendations regarding the most appropriate fiscal arrangements to ensure taxation levels are optimised
  • Resolution of tax enquiries related to your activity.
  • Completion and presentation of all required tax returns.
  • Company annual return (abbreviated accounts: balance sheet, profit and loss statement, annual report)
  • Ongoing updates on any legislative changes affecting the area of the Company Activities
Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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