Setting up a Sociedad Limitada (SL) is a popular way to start a business in Spain. In this article, we explain step by step how to do this.

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Step 1: Name Registration

Choose a unique company name and register it with the Registro Mercantil Central.

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Step 2: Open a Bank Account

Deposit the minimum capital (€3,000) into a Spanish bank account in the name of the company in formation.

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Step 3: Draft Articles of Association

Have the company’s articles of association drawn up and signed at a notary.

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Step 4: Registration with the Commercial Register

Submit all documents to the Registro Mercantil to officially register the company.

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Step 5: Fiscal and Social Security Registration

Register the company with the tax authorities (Agencia Tributaria) and with social security (Seguridad Social).

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With these steps, you can set up an SL and operate legally in Spain. It’s advisable to seek legal advice to ensure the process runs smoothly.