ICEX-INVEST IN SPAIN

Setting up a business

Types of Corporate Entity

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 (only natural persons) Between €3,000 and €120,000 Limited to capital contributed FEATURES FORMALITIES

* 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 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

Annex I. Company and commercial law

Annex II. The Spanish financial system

Annex III. Accounting and audit issues


Prepared by:

 


Last updated: 10|04|2018

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