SETTING UP A COMPANY IN COSTA BLANCA, ALICANTE TORREVIEJA AREA

You will need to deposit the share capital into the firm’s bank account created for you. The minimum share capital here is 3.000€ but your share capital can be as much as you need provided that the minimum of 3.000€ is deposited.

The average cost for notary fees and  registry fees is 500€ to 600€ euros.

CAN FOREIGNERS SET UP A COMPANY IN SPAIN?

Yes, you are correct. We are a country  indeed open to foreign entrepreneurs and investors, whether they are EU citizens or from non-EU countries. The process for starting a venture in Here is generally straightforward and welcoming to foreigners, and it is part of Our country’s efforts to attract foreign investment and talent. Here are some key points to consider:

1. EU Citizens: EU citizens have a significant advantage when it comes to setting up a business here due to the freedom of establishment within the European Union. They have the right to establish a venture here without needing a specific visa or residence permit.
2. Non-EU Citizens: While non-EU citizens do not have the same automatic rights as EU citizens, our country still encourages foreign investment and entrepreneurship. Non-EU citizens can set up a venture in Our country, but they typically need to obtain the appropriate visa or residence permit. The specific visa or permit required may depend on the nature of the enterprise, the investment amount, and other factors.
3. Business Structure: Regardless of citizenship, you can choose from various enterprise structures in Our country, such as sole proprietorships, partnerships, limited liability companies (Sociedad de Responsabilidad Limitada or S.L.), and more. The choice of structure will depend on your enterprise goals and needs.
4. Registration and Legal Requirements: To establish a business here, you’ll need to follow certain registration and legal requirements. This includes registering your enterprise with the Commercial Registry, obtaining a tax identification number (NIF), and complying with local, regional, and national regulations.
5. Financial Requirements: You’ll also need to have the necessary capital and financial resources to start and operate your enterprise. The exact financial requirements may vary depending on your chosen structure and industry.
6. Business Plan: Developing a comprehensive plan is often a crucial step in the process. It can help you outline your firm’s concept, strategies, financial projections, and demonstrate your commitment to the venture.
7. Language: While it’s not a strict requirement, having a good understanding of Spanish can be highly beneficial for navigating the firm’s environment and dealing with administrative processes after your firm is created.
8. Professional Assistance: Many foreigners find it helpful to work with legal and financial professionals who specialize in Spanish regulations and can guide them through the process.

Overall, we offer a welcoming environment for foreign entrepreneurs, and the specific requirements and processes can vary depending on your circumstances. It’s advisable to consult with Cc Lawyers Spanish lawyer in Alicante or Torrevieja  who can provide personalized guidance based on your situation and business plans.