Legal tip 480. 1 week for Company incorporation in Spain

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Legal tip 480. 1 week for Company incorporation in Spain

By virtue of recent Royal Decree-Law 13/2010 for investment and employment fostering: 

Faster Companies incorporations: Online incorporations:

+1 day. First required document: the “ negative denomination certificate” (NDC) , which states that the name chosen for the company is not already being used will have to be issued within 24 hours from application.

+2 days. Notary deeds for incorporation will be issued within 24 hours from reception of the  NDC.

+2 days. Same day of deeds signing, the Notary will send by telematic mean the deed to the Commercial registry and will be able to apply for a provisional Tax identification Number to the Treasure.

The Commercial Registrar will have to decide and practice registration within 3 working days.

+5 days. No fees for the publication of the new company in the Commercial Registry Gazette and fees for the full incorporation are of 250 €: 100 € for registrar and 150 € for Notary.

Total:  5 days and 250 euros for a company in Spain

Who is up? Lots to be done in Andalucia. We have an ideas trunk  here at the Law Firm. Please come and pick yours.

San Mateo Church in Tarifa, Cadiz, Costa de la Luz, Spain by Von_Boot at Flickr.com