Publication date: 22.05.2025
А highly qualified specialist who combines deep expertise in two strategically important areas: the cryptocurrency industry and international corporate law. In the field of blockchain technologies and cryptocurrencies, with over five years of practical experience, he specializes in issues of unlocking cryptocurrencies, cryptographic security, tokenization of business processes, and conducting investigations related to cryptocurrency transactions.
Objective: To provide comprehensive assistance to a British entrepreneur in setting up an IT company in Spain, including legal guidance, tax registration, and administrative support in full compliance with Spanish legislation. Our services included business environment analysis, selecting the legal form, opening a bank account, tax ID application, notarization, and registration with all required state authorities.
Client profile:
- Industry: IT, digital product development
- Company location: Spain, Barcelona
- Status: Non-EU resident
The client aimed to enter the European market, establish an office in Barcelona, and scale operations targeting EU-based customers.
Key project stages
1. Market research and business planning
We conducted a thorough analysis of the Spanish IT sector and created a detailed business plan tailored to local conditions, market demand, competition, and customer profiles. The plan included financial projections, justification for choosing Barcelona as a strategic location, and a marketing roadmap for the first 12 months.
2. Choosing the legal entity type
We recommended registering a Sociedad Limitada (SL) — similar to a Limited Liability Company (LLC). This legal structure is ideal for small and medium-sized enterprises, offering flexibility in management and limited liability for shareholders.
3. Obtaining a NIE number
We assisted the client in preparing documents and obtaining the NIE (Número de Identificación de Extranjero) — a mandatory foreigner identification number required for legal transactions, including company registration and opening a bank account in Spain.
4. Company name reservation
We submitted an application to the Central Commercial Registry (Registro Mercantil Central) to check and reserve a unique company name. Once approved, the client received an official naming certificate.
5. Opening a corporate bank account
We arranged the opening of a corporate bank account in the name of the future company. The minimum share capital of €3,000, required for SL entities, was deposited accordingly.
6. Drafting and notarization of incorporation documents
We prepared the articles of association, minutes of incorporation meetings, and other legal paperwork. Notarial certification was arranged, along with an official confirmation of capital deposit.
7. Registration with the Spanish Commercial Registry
All required documents were submitted to the Registro Mercantil. Within a few days, the company was officially registered and obtained full legal status to operate.
8. Obtaining a tax identification number (CIF)
The client was issued a CIF (Código de Identificación Fiscal), required for tax reporting, accounting, VAT payments, and conducting commercial transactions.
9. Registration with the Social Security system
The company was registered as an official employer. This allowed the hiring of employees, compliance with Spanish labor laws, and payment of social contributions.
Outcome:
Thanks to our strategic planning, expert legal support, and smooth coordination with Spanish authorities, the client successfully launched an IT company in Spain. The office in Barcelona was opened, the initial team was formed, partnerships were signed, and sales activities began. Within just three months, the company became profitable and attracted major clients from Spain and the Netherlands.
Registering a business in Spain as a non-resident requires careful preparation, in-depth legal knowledge, and experience in working with local institutions. This case clearly shows how professional legal support enables safe, fast, and efficient entry into the EU market.
🔹 Planning to launch a business in Spain or elsewhere in the EU? Get in touch — I’ll craft a tailored entry strategy and provide full legal support from start to launch.
