Company Setup
The process of incorporating a company can be very long, expensive and, ultimately, exhausting. International businesses and entreprenerial ex-pats are often unaware of specific regulations set by Capital Companies Act or the Mercantile Register Regulations. This can lead to unforeseen hurdles and complications that delay your market entry, first-mover advantage or even drain your start-up capital.
A lawyer will guide you through the company incorporation process, whether it’s a Limited or Public Limited Company, and make the bureaucracy much simpler. A legal professional has the expert knowledge and practical experience to make the process faster, more affordable and more efficients.
For example, a highly-qualified lawyer has regular interactions with Spain’s various public administrations and can glide through the unique requirements and questions, which often complicate the procedure for those unfamiliar with officials.
Even if you successful navigate the corporation process, the Mercantile Register is quick to reject the registration of deeds of incorporated companies. Their meticulous approach will flag any small formal errors and delay the process. A professional lawyer will have the experience to avoid any errors, large or small, to ensure your business gets to market as quickly as possible.
Another benefit of appointing a lawyer when forming a company is Power of Attorney. A company or director can grant legal authority to a lawyer and empowered them to act on their behalf when the officials require someone to appear in person for a particular process. This helps the business save on the cost, time and hassle of traveling to Spain for bureaucratic processes.
The team at ARM has years of experience working all clients the world over and their company formation needs. We regularly work with businesses of all sizes throughout the country’s economic centers to position new entreprises for success.