Buying Spanish Property

Forming a Spanish SL Company

Sociedad de Responsabilidad Limitada (SL)

Our Spanish Company Formation Service: This is one of the most competitive Spanish Company Formation Services available and includes the payment of all Company Duties, the obtaining of the Name Clearance Certificate, Payments to the Notary Public, the drafting of the requisite Company Articles, the obtaining of the Corporate Tax Identification Number (codigo de indentification fiscal or CIF) plus the opening up of a Corporate Bank Account including the temporary payment of the required minimum capital of €3,006.00.

Incorporation Cost €1,850.00 (Approx. £1,275.00)
(Includes temporary payment of capital, the opening up of a bank account, notary payments, various government duty payments, CIF application, drafting of the articles).

Generally takes no more than 10 Working Days!

With our service there is no need to visit Spain everything can be done from the UK at costs lower than offered by virtually all Spanish Lawyers.

Contact us today to find out more about our competitive service .

 

SL Company Registration Process - We do all of these steps for you:

• Obtain a Name Clearance certificate from Mercantile Registry confirming Name availability
• Open up a Bank Account in the Company's Name.
• Deposit the €3,006 Share Capital in the bank account.
• Prepare the Company's Articles of Association (Escritura).
• Prepare and Draft a Power of Attorney in favour of our Spanish Lawyers so that he or she can sign the Escritura in front of the Notary Public.
• Obtain a temporary tax code (CIF) from the Tax Office.
• Pay Stamp Duty at 1% of the initial share capital.
• Obtain a certificate from the Mercantile Registry that the constitution has been signed.
• Register your company's trading activity in Spain at the Hacienda (Tax Office).
• Obtain the permanent Corporate Tax Identification Number (CIF) at the Hacienda after the completion of the incorporation process.

---

Annual Domiciliation & Accountancy Services: It is essential that your Spanish SL Company is properly maintained or it could easily become a "Sociedad Patrimonial" which could result in penalties as high as a 58% surcharge based on the net profits on any future disposition.

Under Spanish law all companies are required to appoint a local accountant, submit tve (VAT) quarterly returns, complete various standard Inland Revenue (Hacienda) Forms, have a Spanish registered office for official and service of process mail plus a permanent Spanish representative. With our Annual Domiciliation and Accountancy Service our Spanish qualified accountants and administrators will ensure that your company is properly maintained.

Domiciliation (This includes the provision of a Spanish Registered Address and Service of Process Office including the nomination of a legal and tax representative for the Company to the Spanish authorities)

€800.00 per annum

 

Accountancy for a Single Purpose Property Investing Vehicle (SPPIV) - This includes:

Filing tax forms:
5 VAT forms: Form 300 (4), Form 390 (1)
5 Withholding forms: Form 110 (4), Form 190 (1)
1 Corporate tax form: Form 200
1 nonresident form for the director (if applicable): Form 210

4 Accounting Books: a maximum of 25 entries per year included in the fees.

Legalization of the Four Accounting Books: The associated fees are paid at the mercantile register once a year and are not included (for the Seville Mercantile Register, these fees are around 60 Euro).

Free Consultancy from Spanish Lawyers: Up to four hours per year to inform about Spanish legal and tax issues related to the SL or to the Director.

€1,000.00 per annum

 

Annual Property "Safe Deposit" Service: This is where SCF or the Spanish Lawyers maintain and keep safe all your company documents. Apart from the obvious benefit of knowing that all documents are safe, the real benefit of this service is that Spanish or UK Lawyers/Accountants can confirm that all documents pertaining to the Company and Property (i.e. the Property Deed) have never been in any hands save those of SCF, the Spanish Lawyers, or Company Bankers where there is a mortgage. This service is highly recommended where the shares in either an SL or Offshore Company may be sold to a future purchaser in order to avoid or mitigate capital gains, inheritance or wealth taxes.

€200.00 per annum

 

 

Notes:

(1) The fees are for a privately owned property owned by a SPPIV
(2) Where there will be rental and other active services carried out by a company there will be extra accountancy fees.
(3) VAT will be added at 17.5% to all services supplied by the SCF Group.
(4) In many cases, the use of another company to own a SL Company can afford significant additional benefits relating to Capital Gains, Property Transfer, Inheritance, Wealth and Corporate Taxes. For more information, please contact a Consultant.