In this blog we will explain you about spain company law

Sociedad de Responsibilidad Limitada or Sociedad Limitada, or their respective abbreviations, "S.R.L." or "S.L.", must appear in the names of limited liability companies.

Sociedad Anónima or the abbreviation "S.A." must appear in the names of joint stock companies.

Link to the Deed of Incorporation Any business's incorporation document must include.

Bylaws of the company The identity of the person or persons initially entrusted with company management and representation In the case of limited liability companies, the deed of incorporation shall determine the specific arrangements to be adopted for company management, if the bylaws envisage several options. The intention to form a corporate enterprise, specifying the type of body corporate. The contributions made, as well as the numbers of the stakes or shares attributed thereto as consideration.

Companies with a Registered Office are required to establish a registered office in Spain at the location of their primary business establishment or operation or actual administrative and management activities.

Individuals or bodies corporate can serve as directors of corporations.

None of the following are eligible to serve as directors of a company: minors, people who are legally incapable, people who are disqualified by the Insolvency Act, and people who have been convicted of lying in any way or of crimes against freedom, property, social order, public safety, or the administration of justice.

Share capital in limited liability companies must be at least 3,000 euros and denominated in euros.

The share capital of joint stock companies must be at least 60.000 euros and denominated in that currency.

Link to Certificate of Good Standing Although there is no such thing in Spain, we can get a Nota Simple document that does the same thing. The Spanish company's existence and registration are established by this document.

The following information about the business can be found in the Spanish Nota Simple:

Name of the company – Registro Mercantil Central Registry details – number in the registry, tax reference number Incorporation date Company object – this can be important in Spain because a contract could be "ultra vires" or subject to special rules Capital issued Capital paid Name of Directors/Administradores – or people with Power of Attorney (the POA needs to be registered) Information about published data – incorporation, lodging of accounts, changes in directors, and others, as required by law Where a winding-up was initiated in accordance with the law, reactivation decisions cannot be made.

The requirements for amending the bylaws must be met before the reactivation decision can be made.

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