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Spain Company Formation

SPAIN

Type of Entity: Sociedad Limitada –SL- (limited liability company) Joint-stock company (Sociedad Anónima)
Type of law: Spanish law (based on civil law)
Shelf company availability: Yes
Incorporation time frame: 3-4 weeks
Minimum Government fees: 1% stamp duty on share capital
Regular Corporate Income Tax: 25%
Double Tax Treaty access: Yes
Minimum issued share capital : EUR 3,000 for Limited liability company (Sociedad Limitada) and EUR60,000 for Joint-stock company (Sociedad Anónima)
Minimum paid up share capital on incorporation: For Limited liability company, the amount has to be fully paid prior to registration.For Joint-stock company minimum of 25% must be paid up
Minimum number of Shareholders required: One
Bearer Shares: No
Nominee Shareholders Permitted: Yes
Minimum number of directors: One
Corporate directors permitted: Yes
Local directors required: No
Local meeting required : Yes (If there is a board, its meetings must be held at least quarterly and otherwise when necessary and duly called)
Company secretary required : No (but a secretary is mandatory in case of a board of directors and does not need to be a Spanish resident)
General Meetings of Shareholders: Yes, (Required to hold annual meeting of shareholders within the first 6 months of the financial year to vote on certain items , it can be hold online)
Local Registered office required: Yes
Tax residence to benefit from Tax Treaty network: Yes, Companies that files corporate tax return can get tax residence certificate
Exchange Control: No
Disclosure of beneficial owner to Company Registrar: Yes (publicly disclosed.)
Government register of directors: Directors registered at the commercial registry.
Annual return: Yes
Submission of accounts: Yes
Audit: Yes, must be reviewed by an auditor qualified to practice in Spain
Change of domicile Permitted Yes.
We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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