{"id":9080,"date":"2023-05-31T14:03:05","date_gmt":"2023-05-31T14:03:05","guid":{"rendered":"https:\/\/gmtaxconsultancy.com\/null\/constitucion-de-sociedades-barcelona\/"},"modified":"2023-05-31T15:19:41","modified_gmt":"2023-05-31T15:19:41","slug":"incorporation-of-companies-barcelona-tax-formalities","status":"publish","type":"post","link":"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/","title":{"rendered":"Incorporation of Companies in Barcelona: Tax Formalities and Obligations"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>The <strong>incorporation of commercial companies<\/strong> is an essential step in the business world. The legislation establishes the requirements and procedures that are necessary for the incorporated entity to have a legal personality.<\/p>\n<p>For this reason, understanding the <strong>regulations and the procedures<\/strong> to be followed is essential to get a business off to a good start and operating in the market with complete security.<\/p>\n<p>Efforts have now been made to simplify all the bureaucracy and requirements for a <a href=\"https:\/\/gmtaxconsultancy.com\/en\/company-formation\/\">company formation<\/a>. Even so, the procedure remains complex for those who have never set up a legal entity before, and it does not hurt to have a little extra advice in this area.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u00cdndice contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#What_are_partnerships_and_why_are_they_important\" >What are partnerships and why are they important?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Types_of_companies\" >Types of companies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Why_is_it_important_to_incorporate_a_company\" >Why is it important to incorporate a company?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Formalities_for_incorporating_a_company_in_Barcelona\" >Formalities for incorporating a company in Barcelona<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Choice_of_legal_form\" >Choice of legal form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Name_reservation\" >Name reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Drafting_of_the_statutes\" >Drafting of the statutes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Entry_in_the_Commercial_Register\" >Entry in the Commercial Register<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Tax_obligations_of_companies\" >Tax obligations of companies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Taxes_payable_by_a_company\" >Taxes payable by a company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Accounting_and_tax_obligations\" >Accounting and tax obligations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Barcelona_Chamber_of_Commerce\" >Barcelona Chamber of Commerce<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Agencia_Tributaria\" >Agencia Tributaria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Commercial_Register\" >Commercial Register<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/incorporation-of-companies-barcelona-tax-formalities\/#Conclusion_assessing_risks_and_opportunities\" >Conclusion: assessing risks and opportunities<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_partnerships_and_why_are_they_important\"><\/span><strong>What are partnerships and why are they important?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Commercial companies are legal entities created by the will of their partners or participants, and their respective contributions of capital or assets, to achieve a common objective, which in most cases is to <strong>carry out an economic activity<\/strong>.<\/p>\n<p>The importance of this type of entity lies in the fact that thanks to its associative nature, it is easier to obtain the money needed for the company to grow and achieve its objectives.<\/p>\n<p>In addition, the personal assets of the partners are fully protected and they are not liable for the debts that the company incurs in the course of its business, which makes it possible to <strong>carry out the business activity<\/strong> with greater security.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_companies\"><\/span><strong>Types of companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The types of commercial companies that can be found are as follows:<\/p>\n<ul>\n<li><strong>Limited company<\/strong>: can be established by a single person and has a minimum share capital of 3,000 euros. With the passing of Law 18\/2022 of 28 September (which came into force on 19-10-2022), also known as the Crea y Crece Law, it is possible to set up a limited company with a minimum share capital of 1 euro, subject to a number of conditions.<\/li>\n<li><strong>Public limited company<\/strong>: its capital is divided into shares and the minimum is \u20ac60,000.<\/li>\n<li><strong>General partnership<\/strong>: there is no minimum amount of share capital, the partners contribute work and capital.<\/li>\n<li><strong>Limited partnership<\/strong>: it has general partners with unlimited liability, and limited partners with liability limited to the capital contributed.<\/li>\n<li><strong>Worker-owned company<\/strong>: the majority of its capital must be in the hands of its workers.<\/li>\n<li><strong>Cooperative society<\/strong>: it is part of the social economy and its ownership belongs to its workers.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_it_important_to_incorporate_a_company\"><\/span><strong>Why is it important to incorporate a company?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Since in most cases, the liability of the partners is limited, their personal assets are protected. In addition, a legal entity has easier access to credit lines and other forms of financing.<\/p>\n<p>On the other hand, a partnership allows the entry of new investment partners at any time, which leads to increases in share capital.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Formalities_for_incorporating_a_company_in_Barcelona\"><\/span><strong>Formalities for incorporating a company in Barcelona<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Choice_of_legal_form\"><\/span><strong>Choice of legal form<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The first decision to be made is to choose the legal form that the entity will have. To do this, it is necessary to find out very well about the characteristics of each of the companies regulated in the Commercial Code and to analyse their advantages and disadvantages for the partners.<\/p>\n<p>The choice of one form or another depends very much on the<strong> type of activity<\/strong> to be carried out.<\/p>\n<p><a href=\"https:\/\/gmtaxconsultancy.com\/en\/contact\/?utm_source=blog&amp;utm_medium=post&amp;utm_campaign=CTA_lead\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7864 size-full\" title=\"Need a Consultant?\" src=\"https:\/\/gmtaxconsultancy.com\/wp-content\/uploads\/cta-need-help.png\" alt=\"Need a Consultant?\" width=\"477\" height=\"116\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Name_reservation\"><\/span><strong>Name reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>One company cannot have the same name as another. To ensure that nobody appropriates the name that has been chosen, a <strong>reservation of the company name<\/strong> is made through the <a href=\"https:\/\/www.rmc.es\/Home.aspx?lang=en\" target=\"_blank\" rel=\"noopener\">Central Register of Companies<\/a> (Registro Mercantil Central).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Drafting_of_the_statutes\"><\/span><strong>Drafting of the statutes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The articles of association are the rules governing the establishment and operation of the entity to be set up. They establish important issues such as the rights and <strong>obligations of the shareholders<\/strong>, and define the internal control bodies and the powers of the board of directors and the administrative body.<\/p>\n<p>It is not possible to set up a company without the <strong>articles of association<\/strong>, so they must be ready at the time of going to the notary to execute the public deed of incorporation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Entry_in_the_Commercial_Register\"><\/span><strong>Entry in the Commercial Register<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In order to acquire legal personality, and for all the effects deriving from this status to be deployed, the company must be registered in the Commercial Register to give public knowledge of its existence.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tax_obligations_of_companies\"><\/span><strong>Tax obligations of companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Taxes_payable_by_a_company\"><\/span><strong>Taxes payable by a company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>These entities must declare <strong>VAT<\/strong>, <a href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/corporation-tax-spain\/\"><strong>corporate income tax<\/strong><\/a>, <strong>personal income tax withholdings<\/strong> and <a href=\"https:\/\/gmtaxconsultancy.com\/en\/tax\/iae-tax-in-spain\/\"><strong>business tax (IAE)<\/strong><\/a> if they have a turnover of more than one million euros per year, although they are exempt from this tax for the first two years after incorporation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Accounting_and_tax_obligations\"><\/span><strong>Accounting and tax obligations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>These entities are obliged to relate electronically with the Administration, as they must keep and legalise the corporate books, consisting of the minutes book, the members&#8217; register book and the contracts register book.<\/p>\n<p>In addition, accounting books must be kept, which include the inventory and annual accounts book, the journal and the VAT register book.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Barcelona_Chamber_of_Commerce\"><\/span><strong>Barcelona Chamber of Commerce<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is interesting for companies to register with the <a href=\"https:\/\/www.cambrabcn.org\/web\/cambra-english\" target=\"_blank\" rel=\"noopener\">Barcelona Chamber of Commerce<\/a> in order to take part in its activities and to be able to access different types of aid. This can be done through the Chamber&#8217;s website.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Agencia_Tributaria\"><\/span><strong>Agencia Tributaria<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Before starting the activity, it is necessary to <strong>register with the tax authorities<\/strong> by means of <strong>Form 036<\/strong> and to register with the IAE under the corresponding epigraph.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Commercial_Register\"><\/span><strong>Commercial Register<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Companies must file their accounts annually with the Commercial Register (Registro Mercantil).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_assessing_risks_and_opportunities\"><\/span><strong>Conclusion: assessing risks and opportunities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When setting up a commercial company, it is necessary to <strong>assess the risks and opportunities<\/strong> involved. On this basis, and based on the activity to be carried out, it will not be difficult to find the legal entity model that best suits the needs of future partners.<\/p>\n<p>Please contact our <a href=\"https:\/\/gmtaxconsultancy.com\/en\/tax-advice-barcelona\/\">tax advisors in Barcelona<\/a> regarding this topic.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The incorporation of commercial companies is an essential step in the business world. The legislation establishes the requirements and procedures that are necessary for the incorporated entity to have a legal personality. For this reason, understanding the regulations and the procedures to be followed is essential to get a business off to a good start [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9075,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[52],"tags":[],"class_list":["post-9080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"_links":{"self":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/9080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/comments?post=9080"}],"version-history":[{"count":2,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/9080\/revisions"}],"predecessor-version":[{"id":9083,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/9080\/revisions\/9083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/media\/9075"}],"wp:attachment":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/media?parent=9080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/categories?post=9080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/tags?post=9080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}