Establishing a company in 24 hours?

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14 Aug 2009 00:00 by mariadecastro Star rating in Algeciras (Cadiz). 8578 posts Send private message

14 Aug 2009 12:22 by Sanchez1 Star rating. 841 posts Send private message

I'll believe that when I see it!  In Gibraltar you'd imagine it would be possible but in Spain?



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14 Aug 2009 12:32 by costas Star rating. 33 posts Send private message

Hi Maria,

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!!

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14 Aug 2009 13:41 by mariadecastro Star rating in Algeciras (Cadiz). 8578 posts Send private message

mariadecastro´s avatar

Hi Costas!
What the article is trying to show is that the President of the General Council of Lawyers think that with the telematic means now available to Notaries, they can establish ( legally make the legal entity born) within 24-48 hours. No registrar´s control is needed. That will save time.

A different thing is that once the Baby is born, he/she needs the required registration, controls, tax recording.... doubt needs to be made by an efficient paperwork manager, which if also is a lawyer with a good training in fighting against the Administration better than better.

Good to read you!



Maria L. de Castro, JD, MA



El blog de Maria

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14 Aug 2009 14:36 by costas Star rating. 33 posts Send private message

Ah, I see. Well yeah, it did surprise me to see such an efficient possibility in Spain. Mind you, the police is quite efficient when it comes to giving parking tickets, so there's hope somehow! :)

Saludos from Manilva

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