The process of incorporation in Spain can be split down in to various stages, in their basic forms, along with the corresponding documentation supporting the legal and financial aspect. If the process starts completely from scratch, that is, you are forming a new company, regardless of whether the business establishment is rented or owned. It means that it did not exist before, in which case you will have to go through the whole incorporation process, were as if you to take a ready-made company, then the process is shortened given that the company has already been registered and could be functional with a tax code and it is a matter of name changing instead of forming. The process can be broken down in to five important steps. 1) Spanish personal documentation In order to complete financial transaction in Spain it is necessary to have a Spanish identification number, which links in with your personal tax code, as well as any other corresponding official documentation. All of the director and shareholders must have a NIE number. 2) Company name Formulating a name that is not previously taken, registering it with the Corporate Register and clearing it for use in association with you. Passing the company name on for commercial use as well as registration with the tax office. An official copy must be given by a Public Notary proof of the company. 3) Director, shareholders and capital Through a public notary upon the company deeds apart from the persons having ownership are the appointed director/administrator and shareholders. The initial capital required is 3000 Euros in a Spanish account. Any shareholders do not appear on the commercial register (mercantil) and the shares can be sold and transferred at any point, in front of a notary. 4) Office base In Spain the company must have a registered address to receive any correspondence, this includes deeds and taxations. It is possible to put your legal/financial representation as the registered address. This is a requirement from the beginning, which can be changed if need to at a later date. 5) Taxation and tax code Your company will need to be allocated its own personal tax identification number, which is a CIF. The CIF is used by the taxes offices and for invoicing; it is what your company will be recognised with. ABAD LEGAL and FINANCIAL FIRM are experienced professionals with vast resources to ensure the smoothest process possible from start to finish. ABAD are continual date to date with present rules and regulations and can offer the best available service, as well as continue the service for maintenance.