If you’re starting a business, you will need to obtain a NIF number. Previously, the CIF number was used to identify businesses, but since 2008, these numbers have been replaced with NIF numbers. Sole traders and unincorporated partnerships can also get NIFs instead of CIFs.
The NIF is a unique code used to identify entities and persons. The number consists of eight digits and is used to find companies and persons. This number is assigned by the registrar when you register your company. The registrar will initially assign a provisional NIF, but they will assign the final NIF a few months later.
The CIF/NIF number of a company will range from 01 to 99. For example, a company in Madrid will have first digits 78 and 88. In Barcelona, it will have first digits 58 and 68. Likewise, a company in Valencia will have a CIF/NIF of 46, 98, or 00.
CIF and NIF numbers are both commonly used in Spain to identify businesses. Therefore, it makes sense to search for CIF/NIF when looking for business numbers. However, you should be aware that there are still plenty of sites that don’t use CIF/NIF numbers. According to Google, there are two to three times as many searches for these numbers than for any other business number.
CIF and NIF are two different types of tax identification numbers. One is used for businesses that operate within the EU. The other is used for businesses that operate across multiple countries. This means that a CIF cannot be used outside of Spain, but a NIF can be used for both EU and Spanish businesses.
Getting a NIF is an essential part of doing business in Spain. It’s required for a business to conduct any commercial activity in the country, acquire movable capital, acquire financial assets with an implicit yield, and modify or extinction of real property rights. The NIF must be obtained no less than one month after incorporation.
Spanish citizens need a NIF for every financial activity they engage in. This ID is a combination of their DNI (National Identity Number) and an additional verification code. It is also mandatory for anyone who is liable for tax. For example, Spanish citizens must disclose their NIF when completing tax forms.
The NIF can be revoked if the company does not start economic activity. It is important to note that a NIF can be reversed if the business’s owners change or the ownership changes. In order to do so, the company must show proof of economic activity. If you need to revoke a NIF, you should contact the Tax Administration.
A Spanish citizen will need a NIF for many reasons, including opening bank accounts, signing contracts, paying taxes, and applying for a job. Foreign nationals will also need a NIE number.