Merino de la Fuente Abogados
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Company formation in Spain:
Even though it is necessary to study every case, Limited Liability Company is the most common business entity in Spain, means 65% of the total annual entities formation (source DIRCE 2009).
We can help you incorporate in Spain or draft the agreements with your local agent, we can even sign them representing you with a power of attorney or may be you need us to survey your investment evolution.
Spanish types of companies:
How can you invest in Spain?
A foreign investor can invest in Spain several ways, but most common ones are:
Also it is possible to launch in the Spanish market without having to physically set up a center of operations in Spain by:
General steps to incorporate any type of company:
First of all, If you are not Spanish or you are not Spanish resident you will have to apply for an alien identification number 'NIE'. You can apply for it in person at the Spanish consulate in your country, or in the Chief Police Office in Spain (form EX-14). All the shareholders or directors need to have 'D.N.I' (Spanish Identification Document) or 'N.I.E.' (foreigners identification number).
What are the advantages of incorporation?
One of the primary advantages of incorporation is the limited liability the corporate entity affords its shareholders. Typically, shareholders and directors are not liable for the debts and obligations of the corporation; thus, creditors will not come knocking at the door of a shareholder or director to pay debts of the corporation. In a partnership or sole proprietorship the owner's personal assets may be used to pay debts of the business. Maintaining the limited liability of a corporation requires that the shareholders and directors follow all the rules of governance, including holding annual meetings and maintaining meeting minutes, which is why we offer corporate forms disks and corporate kits as part of our complete incorporation package.
A corporation's life is not dependent upon its members. A corporation
possesses the feature of unlimited life. If an owner dies or wishes to sell his
or her interest, the corporation will continue to exist and do business.
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