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Sociedad Limitada · Remote Incorporation · CIF & Corporate Bank Account
Steps 1–5: NIE, Notary and Registry
Forming a company in Spain requires navigating a strict sequence of administrative procedures. A single formal error at any stage can delay the process for weeks:
1-2. Obtaining an NIE and Name Reservation
An NIE is mandatory for any legal transaction. Non-residents can obtain an NIE through the Spanish consulate (3–8 weeks) or via a power of attorney granted to a lawyer in Spain (2–4 weeks). In parallel, a name reservation certificate is requested from the Registro Mercantil Central (5 name choices submitted; certificate valid for 3 months).
3-4. Notarial Signing and Share Capital
The articles of association are executed before a notary (in person or via power of attorney). The statutory minimum share capital for an SL is €3,000.
5. Mercantile Registry and AEAT Tax Registration
Registration with the Registro Mercantil takes 7–15 business days. Once registered, a tax identification number (CIF) is issued by the Tax Agency (AEAT), followed by VAT registration and ROI status for EU intra-community operations.
With all documentation prepared, the entire process takes 4 to 6 weeks from initial setup to a fully operational company with an active bank account.
Step 6: Opening a Corporate Bank Account
This is the most challenging milestone for non-resident founders. Standard retail bank branches frequently reject applications due to a lack of local credit history and complex compliance checks.
Effective Route: submitting via a Private Banking direct channel accompanied by a comprehensive KYC compliance package. Our firm facilitates opening accounts with leading Spanish institutions (Sabadell, BBVA) as an official agent.
Frequently Asked Questions (FAQ)
How much does incorporating an SL cost?
Notary fees: €300–600. Mercantile Registry fee: €150–250. With our full turnkey legal assistance: between €1,200 and €1,800 all-inclusive.
Is it necessary to travel to Spain in person?
No. The entire process — from securing your NIE to opening the corporate bank account — can be completed remotely using a power of attorney.
What are the share capital requirements?
The minimum share capital for an SL is €3,000, deposited into the company’s bank account upon formation.
Schedule a consultation with our corporate lawyer in Barcelona:
📞 +34 696 85 95 47 | 🌐 igorlapchynskyi.com
