Spain

Key facts Spain taxation

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%