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

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