A Spanish SL is actually a limited liability company or sociedad limitada. It represents the most popular type of business in Spain, for both local and foreign investors. The limited liability company is characterized by a high degree of flexibility, considering that the shareholders are allowed to establish their own rules inside the company. A Spanish SL usually is used for small and medium sized…
1. What is the Trade Register in Spain? The Trade Register in Spain is actually called Registro Mercantil Central and it has offices throughout the country, known under the Spanish name of Mercantile Provinciales. The role of this institution is to maintain a good communication and to develop well-organized information database for all companies that…
The procedure related to company formation in Spain is regulated by the provisions of the Company Act. The legislation for company incorporation in Spain is actually based on the Commercial Code and the Corporations Law. Other sources for the rules of opening a company in Spain are the Limited Liability Companies Law and the Mercantile Register Regulation. The Company Act in Spain was modified by…
When starting a business in Spain, specific procedures have to be followed during the process of Spanish company formation. In the case of foreign businessmen, especially if they are not familiarized with the local legislation, it is highly advisable to receive legal assistance and legal representation on such procedures. The company formation services provided by Lexidy Law…
