5 Mistakes to avoid in the Founding of a Spanish S.L.
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5 Mistakes to avoid in the Founding of a Spanish S.L.

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The Spanish Sociedad Limitada (S. L.) is by far the most frequently used form of company in Spain and can be founded from 3,000 euros share capital. This supposed simplicity often leads to the neglect of the corresponding corporate planning and thus in many cases to the failure of the company. In order to avoid…

Form 720: is it Legal?
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Form 720: is it Legal?

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Form 720 (Modelo 720) was adopted on 29.10.2012 as part of the measures against tax evasion and fraud. The law distinguishes between 3 groups of goods requiring information: Accounts abroad. Securities, rights, participation, insurance, annuities and deposits managed or invested abroad. Rights in rem or real estate abroad.

5 Steps to Dissolve, Liquidate and Cancel a Company
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5 Steps to Dissolve, Liquidate and Cancel a Company

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Before it comes to a company’s cancellation, the company must be dissolved and liquidated before. This cancellation process must legally go through several phases. We will explain this procedure below: 1. The dissolution of the company The dissolution usually requires the approval of the general meeting in order to initiate the liquidation process of the…

Setting up a Business in Spain
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Setting up a Business in Spain

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If you want to open a company in Spain, the options are usually a branch or your own subsidiary. The main differences are that a branch has no legal capacity of its own and is subject to the jurisdiction of the country in which the parent company has its registered office. Nevertheless, it must be…

What is a tax advisor and how to choose one?
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What is a tax advisor and how to choose one?

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Tax consultancy is an important, essential and totally recommendable service for any company or society, whatever its dimensions, activities or objectives, it is a necessary support for the proper functioning of these in today’s society. The tax advisor is not only a resource or professional who is used in some fortuitous episode or to save…

How to open a branch in Spain: Steps and obligations
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How to open a branch in Spain: Steps and obligations

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According to Spanish regulations (articles 295 et seq. Of the Mercantile Registry Regulation), a branch is any secondary establishment endowed with permanent representation and with a certain management autonomy, through which the activities of the company are fully or partially developed. Do not confuse it with a subsidiary, an independent legal entity, autonomous and distinct…