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LLC PLC SLC Branch Office Rep Office
Local Name SL SA SLNE Sucursal Oficina de Representacion
Company Setup Time 10 days 15 days 15 days 15 days 15 days
Bank Account Opening 5 days 5 days 5 days 5 days 5 days
Government Grants Available Yes Yes Yes No No
Government Contracts Bidding Yes Yes Yes No No
Limited Liability Yes Yes Yes No No
Client Required to Travel No No No No No
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Corporate Structure Explained

Spanish Limited Liability Company (Sociedad de Responsabilidad Limitada)

  • This entity needs one manager and one shareholder who can be of any nationality and live anywhere.

  • A minimum share capital of € 3,000 must be paid prior to the company setup.

Spanish Public Liability Company (Sociedad Anonima)

  • Its required a minimum capital of € 60,000 and 25% of it to be paid out at the time of incorporation. Appointment of 1 director and 1 shareholder of any nationality.
  • A PLC is not required to be listed on the stock exchange. PLCs are also not obliged to perform internal audits.

Spanish Free Trade Zone Company

  • Free trade zones in Spain enable manufacturers and export companies to benefit from various public investment incentives.
  • Businesses are eligible for corporate income tax rates reduction, reduced VAT rates and the exemption from paying duties.
  • An export-oriented business benefits from the EU trading bloc.

Branch Office (Sucursal)

  • A branch office can be 100% foreign owned and the scope is defined by the parent business.
  • A branch office is authorized to have an independent management team and to operate a local corporate bank account.
  • Apart from corporate taxes, branches in Spain face an additional 19% remittance tax.
  • The branch must appoint a resident individual or a corporate entity as a legal representative to the tax authorities.

Representative Office (Oficina de Representación)

  • This entity is forbidden from making direct sales and can be 100% foreign owned.
  • It can only engage in research marketing and promotion of the parent company’s business and services.

Fast Incorporations