Companies are generally subject to corporate income tax on their annual profits, while autónomos pay income tax through the IRPF system. EU citizens can typically apply for this number at the local Agencia Tributaria office (AEAT) with proof of identity and proof of commencement of activities.
Registering Your Company with NIF and Bank Account in Spain
The process requires careful navigation of local regulations, yet the supportive framework for new ventures makes it accessible. Open a temporary bank account to deposit the minimum capital required for your chosen structure.
Non-EU residents may need to demonstrate additional documentation, including a valid residency or justification for the economic activity, to successfully register. Ensure you obtain your Spanish business identification number (NIF/AEI) before visiting the branch, as it is a mandatory requirement.
Registering a Formal Company in Spain: A Step-by-Step Process
Draft the company statutes or bylaws, defining the internal governance and operational rules. Spanish banks offer a range of services tailored to businesses, from basic current accounts to specialized investment products.
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