With globalisation becoming an increasing phenomenon, many businesses are looking to internationalise. While setting up a subsidiary in Spain can be a complex process, our international team here at Nockolds can assist you with setting up a cross-border entity.
Spain is a great place to establish a subsidiary company for the following reasons:
- Strategic location: With its proximity to other major European countries, it is an excellent gateway into the European market;
- Competitive business costs: Spain offers lower operational costs which is great for startups and smaller businesses;
- Positive business environment: The Spanish government strongly encourages foreign investors to undertake innovative, entrepreneurial activity by providing various incentives.
It is important to be aware of the different possible forms of foreign companies, namely Sociedad Limitada (S.L) or Sociedad Anonima (S.A.), as they have distinct requirements. Additionally, since Spain is a decentralised state with 17 different autonomous communities, you must ensure that you are complying with the corresponding local administrative body’s legislative and executive rules and regulations.
Whether you’re attracted to its strategic location, supportive business environment, or vibrant lifestyle, Spain provides a solid ground for turning your entrepreneurial dreams into reality. At Nockolds, we can help you understand the legal requirements and navigate tax considerations so that you can set yourself up for success in this dynamic European market.
If you wish to discuss anything mentioned in this article, or if you have any questions or would like further clarification on how to move forward with setting up a subsidiary in Spain, please don’t hesitate to contact Javier Jurado, who will be happy to assist you with expert guidance tailored to your specific needs and circumstances.