Setting up a business
Types of Corporate Entity
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The most common types are as follows:
| TYPE OF ENTITY* | NO. OF SHAREHOLDERS | MINIMUM CAPITAL | LIABILITY | SEE |
| CORPORATION | At least 1 | At least €60,000 | Limited to capital contributed | FEATURES FORMALITIES |
| EUROPEAN COMPANY | At least 1 | At least €120,000 | Limited, in principle, to the capital subscribed | FEATURES FORMALITIES |
| LIMITED LIABILITY COMPANY | At least 1 | At least €3,000 | Limited to capital contributed | FEATURES FORMALITIES |
| NEW BUSINESS LIMITED LIABILITY COMPANY | Minimum 1 / Maximum 5 at the time of formation | Between €3,012 and €120,202 | Limited to capital contributed | FEATURES FORMALITIES |
For more information, visit www.ipyme.org
* Please note that it also exists the Professional Services Firm (S.P.) (whose corporate purpose can only be the pursuit in common by various members of a professional activity), which may be formed in accordance with any of the forms provided for in the law, as long as that they contemplate the specific requirements included in the Professional Services Firms Law.
For further information, visit the extended version of our online Guide to Business:
Establishing a business in Spain
Appendix I. Company and commercial law
Appendix II. The Spanish financial system
Appendix III. Accounting and audit issues
Prepared by Garrigues
Last updated: 27|06|2011
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