Company formation in Barcelona

Setting up a company seems like a straightforward procedure until a non-resident partner enters the picture, or an activity doesn’t fit the standard business purpose, or a deadline doesn’t match what you actually need.
This leads to:

• Partners without an NIE holding up the signing. A foreign partner or director needs the NIE before they can sign the deed. Handling this late, or incorrectly, is the most common cause of delays in company formation.
• A structure chosen without analyzing future tax implications. An SL, a branch, and self-employed status aren’t interchangeable. The legal form you choose today determines how the company is taxed, and sometimes how its partners are taxed, over the following years.
• Bylaws rejected by the Commercial Registry. A poorly drafted business purpose, or a clause that doesn’t fit the criteria of the registrar handling the case, can send the file back and add weeks to the process.
• Formation carried out without considering the partner’s international tax situation. A company is set up correctly, but no one looks into whether the partner relocating to run it can qualify for a special tax regime, or whether their home country has a double taxation treaty that affects how dividends are distributed.
• Signing impossible without traveling to Spain. Partners who can’t travel on the planned dates and aren’t aware there’s the option of granting someone power of attorney to sign on their behalf.