Verification of a Spanish CompanyUpdated on Monday 18th April 2016
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If you want to start doing business with a Spanish company or buy a shelf company in this country, it is recommended to verify that entity before beginning any economic activity. There are over five million firms registered in Spain and certain types of them, such as limited liability company (sociedad limitada), are required to publish their annual accounts, so you can find out details about their activity.
The main providers of information
There are a few websites that provide online information related to companies incorporated in Spain and you have to pay a fee for obtaining the required details. Another method is to ask for the information you need at the local Trade Register that is called Registro Mercantil. This entity owns an electronic registry and it offers details about companies also in English for foreign entrepreneurs.
They have to pay a minimum fee of five euros by credit card in order to find out the basic information about a local company: the address of the registered office, the name of the director, company’s tax ID etc. For more details about a Spanish company, you may go to the local office of the Trade Register and ask for them. The fees paid to the Trade Register are lower than those of the private companies that provide the same information.
Details about the European companies, including Spanish ones, can be obtained from the European Business Register (EBR), through its local distributors. In Spain, the local distributor is Colegio de Registradores de la Propriedad y Mercantiles de España.
Company due diligence services
A foreign investor who needs to verify a company or a business in Spain and who doesn’t have time to perform the verification on his own can ask for company due diligence services. Our law firm in Spain provides this type of services for international clients interested in doing business in this country.
All you have to do is to contact our lawyers in Spain who will help you find out more details about your business partners or a certain company. They may also help you incorporate a company in Spain and offer a wide range of legal services.