This sentence says it all:
"A solicitor or any person trained in Administrative burocracy will be needed for the rest of the requirements. It is advisable though to use a lawyer with Administrative Law formation who will be able to overcome possible pitfalls or administative errors"
With all due respect, it is not practically possible to have a company formed within 24 weeks, let alone 24 hours. I understand that you are making it clear that it is the theory using the Notario, but the very fact that a Notario is needed (when he/she is not at breakfast, documents are *all* available and you don't have to go back 13 times) is already showing how unproductive the system is.
I am not British, I am greek and that qualifies me to know inefficiency when I see it! :-) We have plenty back home. But I lived in Britain for 12 years, and I have formed a company there in 48 hours. That was in 1995, it's even easier now with the internet. There was a list of documents required (so that you have it all first time! Unheard of here), a fee to pay by cheque, and memorandum of association (a template was included to make it easy for people). No lawyer. No costs. I've tried the same here - I don't need to explain what a hassle that was, you know already.
I'm not being nasty, I am just pointing out that, an an independent foreigner, this country does NOT encourage entrepreneurs AT ALL. And therefore cannot advance with the situation as is.
So, it's nice for the Official Gazette to explain why there may be delays in establishing a company.... but that is no good to anyone - they shouldn't be there at all!!