Set up a Company in the Financial Field in Spain

In order to set up a company in the financial field in Spain, the investors will need to follow very strict regulations in terms of capital and specific business activities. Companies operating in the financial field in Spain will be supervised on their activities by the local institutions and our team of Spanish lawyers can offer an in-depth presentation on this matter, as well as legal assistance on the incorporation requirements. 

 

 

A company operating commercial activities in Spain, such as a bank, will need to be registered following the applicable regulations established under the commercial legislation. 

 

The investors will need to choose a business form for their company, as well as a trading name, which can be registered with the Mercantile Register. 

 

Further on, the company in Spain will need to draw the statutory documents in front of a public notary, but also to open a corporate bank account (in which the investors will deposit the minimum share capital, in accordance with the type of legal entity of the business). 

 

At the same time, all companies performing commercial activities in Spain will have to register for taxation purposes, which also includes value added tax, as well as social security and other employee related tax matters and our Spanish law firm can offer more details on the specific procedures that have to be concluded in this case. 

 

Investors should also know that they can also set up an investment company in Spain, which is regulated by a different set of rules. 

 

 

Investors who want to enter the financial market in Spain can choose to register one of the following types of companies: 

 

• banks; 

• investment companies for financial and non-financial purposes;

• payment institutions;

• investment firms – such as brokers or financial advisory businesses;

• insurance companies;

• reinsurance companies;

• specific categories of investment funds. 

 

It is important to know that a part of the above mentioned structures are regulated under the provisions of the National Securities Market Commission, which is designed for business forms operating on the securities market. 

 

Businessmen who are interested in receiving assistance on the registration of a financial company may contact our attorneys in Spain.