Spain has one of the most robust economies in the EU, thanks to strong inward investment, a booming manufacturing sector and a liberal business environment. Whilst it's once booming property market has cooled in recent times, Annual growth, currently in positive territory, has been outperforming the EU average for a number of years. Spain has a deserved reputation as a low-cost land of opportunity for foreign investors but bureaucratic requirements are strict.
Public limited company (S.A.):
- standard structure for large businesses
- minimum share capital is €60.000, at least 25% paid up
- minimum number of shareholders is one of any nationality and residence
- annual audit is required, subject to company size
Private limited company (S.L.):
- usual format for small and medium businesses
- minimum share capital is €3,000, all paid up
- minimum number of shareholders is one of any nationality and residence
- annual audit is not usually required
Taxation:
- Corporate income tax rate is 25%
- Capital gains tax rate is 25%