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- Partnership
Partnership
Costa del Sol How To
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How to set up business as a partnership in Spain…
A partnership is
formed of two or more people and no minimum investment is required. Any debts
or financial obligations are divided between the members of the partnership. To
set up a partnership, the following steps will need to be completed:
- Sign a partnership agreement
(contrato de constitución) before a notary
- Register to pay IAE (Impuesto
de Actividades Económicas)
- Register a declaration for
starting a business (Declaración Censal de Inicio de Actividad).
This can be done at the tax office (Delegación de Hacienda).
- Register for social
security
- If there are business
premises, the person must apply for an opening licence (Licencia
Municipal de Apertura) at the Town Hall
Note: The partnership agreement is not compulsory. However, if the partners choose to sign a partnership agreement, the company name must include Sociedad Civil.