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TITLE_COMPANY_FAQHere are the steps in brief:
Once you have your NIE, the following chart shows the time scale for the company to be fully established. Note that as soon as you sign at the notary, the company is a legal entity, and you may begin to invoice with the company.
Yes, the company will have a Spanish tax ID (CIF), which is the VAT number. You will have the tax ID the day you sign at the notary. With the tax ID, your Spanish company can do business anywhere in the EU. If the company will be exchanging frequent invoices with companies in the EU but outside Spain, then you may want to be listed in the EU VAT registry (censo VIES) so you won't have to bill and be billed for IVA in your EU transactions. As part of our accounting service, we will apply to have your company registered if you request it.
The act of becoming a director for a corporation cannot be legally delegated via power of attorney; the director must take the trip to sign before a Spanish notary.
You are required to file tax forms every quarter, as well as yearly tax forms. You are also required to fill out four accounting books, and present them yearly to the Mercantile Registry. These requirements hold true even if your company has no financial movement. See our accounting page for more information.
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