Spain
The Union's fourth-largest economy, a company from one euro — and a bridge to Latin America and North Africa
Spain is the Union's fourth-largest economy, and for a company thinking beyond Europe it has two useful properties: the linguistic and commercial link to Latin America, and geographical proximity to North Africa. Since 2022 a limited company can be formed with one euro of capital, and new companies pay a reduced 15 % rate in their first two profitable years. Administratively, the key item is SII reporting, which for larger taxpayers means transmitting invoice data close to real time.
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Setting up a company
Setting up a company and tax are the part of the profile you cannot assemble elsewhere in an afternoon. The rest of the page is open.
- ·Legal forms
- ·Minimum capital
- ·How long registration takes
Taxes
Setting up a company and tax are the part of the profile you cannot assemble elsewhere in an afternoon. The rest of the page is open.
- ·Corporate income tax
- ·VAT
What it makes and needs
Automotive (the Union's second-largest producer), agri-food and wine, tourism, renewable energy, chemicals, construction and infrastructure. It buys components, machinery, technology and semi-finished goods.
Importing into their market
The Union's single market — no duty and no customs declaration. A supply to a VAT-registered customer in Španielska is an intra-Community supply, exempt, with the customer accounting for the tax. It depends on a VAT number checked in VIES and on proof of transport — without both, the exemption falls away and you pay.
SII REPORTING. Larger VAT payers must transmit data on invoices issued and received to the SII system, generally within four working days. It does not affect a Slovak company invoicing from Slovakia; it applies the moment you register for Spanish VAT — and then your invoicing system has to handle it. The Canary Islands are outside the Union's VAT system, and a supply there is an export with a customs declaration.
If people travel with the goods — installation, servicing, training — that is posting of workers. Notification before work starts, the local minimum wage and allowances, documentation in the host country's language, and an A1 for each. It is inspected and the fines are high.
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A visa, legalising a document, an invitation letter, the commercial attaché before a trade fair — these only go through a mission. Below are the official registers rather than transcribed addresses: missions move and consular hours change several times a year, so a link to the register stays current where a transcript would not.
Where a country has no mission in Bratislava or Prague it is usually accredited from Vienna, Berlin or Warsaw — the register says which.
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