Canary Island Company Incorporations

Many clients are unsure as to how to form a company in the Canary Islands as the incorporation process in Spain is more bureaucratic than some other European countries, however, the fiscal incentives are some of the most advantageous in the European Union the benefits clearly out-weigh the time required to incorporate. 

 

All Spanish & Canary Island companies are incorporated in front of a public notary. This is achievable by signing in person, or, issuing a Power of Attorney for your Corporate Service Providers to incorporate on your behalf. 

 

What's included with your Canary Islands Company Incorporation?

  1. Articles of Incorporation

  2. Cif Number (Corporate Spanish Tax Number)

  3. NIE Numbers for Shareholders (Personal Spanish Tax Numbers)

  4. Notarised Shareholder Agreements

  5. Corporate Bank Account

  6. Corporate Debit & Credit Cards (In the name of the Administrator/Resident Director, and Authorised Financial Controllers)

The minimum share capital to be temporarily lodged in your corporate bank account is €3,000. Historically CIC completes its client incorporations within a 3-4 week period, depending upon response time from Public Offices and ensuring the client provides all documentation in full upon request.