Country's features:

Geographic location	Europe
Political regime	Constitutional monarchy
Population	47 042 984 (2012)
Language	Spanish
Currency	Euro
Time zone	GMT+1

Features of the incorporation of a company:

Type of company	SA and SL
Capital required	Minimum capital required € 3,000
Legal system	Civil Law
Number of directors/shareholders	At least 1 director/1 shareholder (which can be a natural or legal person)
Anonymity and confidentiality	The directors' and shareholders' names appear in the Public Registry. The services of a nominee can be used
Secretary service	Yes
Corporate tax	Corporate Income Tax: 25% (15% tax rate for newly-formed companies, which applies to the first two years in which it obtains a taxable profit.)
Wealth tax	0%
VAT	21%
Government taxes	Yes: N/A
Accounting requirements	Mandatory to keep accounts and file annual reports
Bearer shares	Yes (or nominative)
Exchange control - non-residents	Yes

Related links:

• Website of the Spanish government: http://www.la-moncloa.es