Steps for setting up a company from scratch

Want to start your own business? Follow the steps in this guide to make sure you don't miss a thing. 

14 Apr 2023. 13:29
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  • SME maturity
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    Topic
    1. Methodology
    Scope to digitize
    1. Business processes

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Want to start your own business? Follow the steps in this guide to make sure you don't miss a thing. 

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Steps for setting up a company from scratch
  1. Draw up a business plan. 

  • Including a market analysis, a competition study, business objectives, among others. 

  1. Choose the right legal form. 

  • You must consider the formalities involved in setting up the company, tax obligations and tax payments. 

  1. Check the name of your business in the Commercial Register. 

  • And apply for the negative certificate. 

  1. Draw up the bylaws. 

  • These represent the basis on which your company is set up. 

  1. Officially establish the company. 

  • Sign the Public Deed of Incorporation of the company with a notary. 

  1. Apply for the provisional NIF of your company. 

  • This is done through form 036 at the Hacienda (Inland Revenue). Later you can apply for the definitive one. 

  1. Register your business with the Mercantile Registry. 

  • Incorporate your company at the Mercantile Register in your province. 

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