Registering a branch in Spain is quit simple nowadays, and does not require you to visit Spain. Known for its favorable business climate, skilled workforce, and strategic location, Spain is an ideal place for branching out. In this guide, we’ll walk you through the process of branch registration in Spain.

Why Choose Spain?

Spain is the fourth-largest economy in the eurozone and the 14th largest worldwide. Beyond the numbers, Spain offers a conducive environment for businesses, with relatively low operating costs, a highly skilled labor pool, and a strategic geographical location as a gateway to Europe, Africa, and Latin America. It’s no wonder that many foreign businesses choose Spain as their European base.

Who Can Register a Branch in Spain?

Both EU and non-EU companies can register a branch in Spain. The process is fairly straightforward, but it does require specific documentation and a few key steps.

Key Terms: Branch, Subsidiary, and Sole Trader

Before we delve into the process, let’s clarify some key terms:

• Branch: A branch (sucursal in Spanish) is a secondary establishment of your parent company. It’s not a separate legal entity and is fully dependent on the parent company.
• Subsidiary: A subsidiary (filial in Spanish) is a separate legal entity, wholly or partially owned by the parent company. The parent company has control over the subsidiary, but the subsidiary operates independently.
• Sole Trader: A sole trader (empresa individual in Spanish) is a single-person business. The business owner is personally liable for all business debts.

In this guide, we’ll focus on setting up a branch in Spain.

Step 1: Apply for the NIE Number

The first step in branch registration in Spain is applying for your NIE (Número de Identidad de Extranjero) number. This foreigner’s ID number is essential for all legal and financial transactions in Spain.

For EU citizens, obtaining an NIE number is fairly straightforward. Non-EU citizens may need to apply for a specific visa or residency permit to get their NIE number. The House of Companies can help you navigate this process.

Step 2: Translate Statutory Documents

Once you have your NIE number, you need to translate your parent company’s statutory documents into Spanish. This includes your certificate of incorporation, memorandum and articles of association, and a certificate of good standing. Depending on your country of origin, you may also need to authenticate these documents via the Apostille Convention.

Step 3: Open a Spanish Bank Account

Opening a Spanish bank account is an essential step in setting up a branch in Spain.

The minimum capital requirement for a branch is not set, but it’s generally advisable to have sufficient funds to cover initial operating expenses.

With House of Companies, there’s no need for a local bank account. You can conveniently manage your finances through our self-governance portal.

Step 4: Register with the Spanish Registrar

The next step is to register your branch with the Spanish Registrar. You’ll need to submit your translated documents, proof of your initial deposit, and a Spanish translation of the resolution of your parent company to open a branch in Spain.

Step 5: Sign the Deed of the Branch

Once you’ve completed the registration process, you’ll need to sign the deed of the branch before a Spanish notary. This document certifies the establishment of your branch and outlines its operational parameters.

Getting Help with Branch Registration in Spain

While the process of branch registration in Spain is fairly straightforward, it can be daunting if you’re not familiar with Spanish business regulations. That’s where House of Companies comes in.

As a global business consultancy, House of Companies provides a comprehensive service for branch registration in Spain. We streamline the process, ensuring that all legal and financial requirements are met. Plus, with our self-governance portal, you can manage your branch without the need for a local bank account.

Starting a branch in Spain is an exciting venture. With House of Companies by your side, you can navigate the process with confidence, knowing that you’re making informed decisions every step of the way. Start your Branch in Spain now!

Conclusion

Spain is an attractive destination for businesses looking to expand, thanks to its vibrant economy, strategic location, and business-friendly environment. By following these steps, you can register a branch in Spain and start leveraging the opportunities this dynamic country offers. Remember, professional guidance can help you navigate the process efficiently, ensuring your business hits the ground running. Choose House of Companies as your trusted partner for your Spanish venture.

Note: All legal and business procedures should be carried out in accordance with the laws and regulations of Spain. This guide is for informational purposes only and should not be taken as legal advice. Always consult with a qualified legal professional before proceeding with business decisions.