Spanish SL Company Guide
An SL (Sociedad Limitada) is Spain's equivalent of a UK Ltd.
SL vs Autónomo
| Factor | Autónomo | SL | |--------|----------|-----| | Setup cost | €0-300 | €1,500-3,000 | | Minimum capital | None | €3,000 | | Tax rate | Up to 47% | 25% (15% first 2 years) | | Liability | Unlimited | Limited | Choose SL if: Higher profits (€40k+), want limited liability, building something bigger.Requirements
- Minimum 1 shareholder
- €3,000 minimum capital
- Spanish registered address
- At least 1 administrator
Process
1. Reserve company name (1-3 days, €15)
2. Deposit capital in bank
3. Draft statutes with lawyer
4. Sign at notary (€400-800)
5. Get CIF (tax number)
6. Register at Commercial Registry (2-4 weeks)
Total cost: €1,500-3,000 plus €3,000 capitalTax Obligations
- Corporation tax: 25% (15% first 2 years)
- VAT: 21% standard rate
- Annual accounts filing