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: Contents1. The dissolution of the companyThe effects of the dissolution are as follows:2. The preparation of the financial statements3. Liquidation begins after the dissolution resolution…

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…

Withholdings to non-resident employees
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Withholdings to non-resident employees

Companies or individuals (freelancers) with employed persons are bound to withhold them or make payments on account of the income that satisfies them. In general, a person who works in Spain is considered a tax resident here, and therefore is subject to the Personal Income Tax (IRPF). In these situations, payers must enter the withholdings…