Formation of Spanish limited companies in Tenerife, Canary Islands, Spain
S.L. Companies are equivalent to Limited Liability companies, (in other countries, Ltd, Inc, Gmbh, etc). To be worthwhile, your mandate for forming a limited liability company should be very clear. Companies cannot be bought 'off the shelf' in Spain, the company formation is made from scratch and the structure defined at a notary office in the form of an 'Escritura', the same as the title deeds for a property.
Generally, we advise our clients to avoid such company formations unless absolutely necessary, because
At the time of formation, 3,000 Euro's must be deposited in a bank as the working capital, but this can be released within a few days of the notarising of the company.
If you are sure that a company will be required for your purposes, please email me for further information so I can ensure you lay down a proper basis for your operation. You may find the Offshore pages useful to read.