The importance of compliance with regard to the reform of the Spanish Penal CodeThe reform of the Spanish Penal Code has accentuated the importance of compliance. It is clearly stated in Article 31(a) of the Penal Code that all companies are required to establish or strengthen programs that focus on compliance to criminal rules, emphasizing the criminal liability consequences that breaking these rules entail.Read more
Acquisition of shelf companies in SpainBy acquiring a shelf company, a company’s start-up period can be circumvented, saving considerable time. This is a major benefit as it takes several months to establish a new company in Spain. Additionally, since shareholders bear unlimited liability with their business and personal assets during the time until the company’s entry into the Commercial Register is made, risks are reduced when the start-up period is reduced.Read more
Obtaining the European Certificate of Succession in SpainThe European Certificate of Succession certifies the capacity, all over the EU territory, of an heir and the powers of any administrators of a succession of a person having interests, properties or descendants in various countries of the EU.Read more
Are invoices without an electronic signature valid?The new rules applicable in Spain allow sending invoices by any means without an electronic signature and give equal validity to invoices on paper.Read more
Resignation of a sole administrator of a company in SpainAn administrator can freely resign or renounce his or her position in a company in Spain as contained in the Regulation of the Commercial Register, but several requisites must be fulfilled beforehand.Read more
Model bylaw-types for the fast incorporation of companies in SpainThe model bylaw-types for prompt incorporation of companies in Spain enter into force in September 2015 for telematically creating a SRL.Read more
Sending invoices via e-mail: is it valid in Spain?The entry into force of the new Billing Regulation in Spain regulates the common practice of sending invoices in PDF format via e-mail, granting those invoices the same validity as hard copy invoices.Read more
What is a judicial calling of a meeting?In Spain, Articles 169 and 170 of the Company Act regulate the judicial call of a general meeting of shareholders.Read more
Tax evasion and the sanctions regime for foundations in SpainIn order to fight tax evasion only foundations respecting legal requirements will be entitled to receive subsidies and fiscal advantages in Spain.Read more
The dismissal of a pregnant worker in SpainDirective 92/85/EEC of the EU, adopted based on Art. 138 of the TFEU, promotes the safety and health at work of pregnant workers who are breastfeeding or who have recently given birth.Read more
