Incorporation of a company in Spain in 10 stepsIn this 10 steps list we briefly explain the major actions to take in order to incorporate a company in Spain and start your activity within the country.Read more
The Right of exit of the Shareholder with the Entry into Force of Article 348. bisArticle 348.bis, which recognizes the right of exit of a minority shareholder due to failure to distribute dividends, entered into force on the 1st of January 2017 after the suspension of its validity by means of a transitional provision of the Corporate Enterprises Act, approved on the 2nd of October 2011.Read more
Company formation in Spain: SA vs SLThe main differences between the Spanish public limited liability company (SA or Sociedad Anónima) and the limited liability company (SL or Sociedad Limitada) are in terms of minimum capital stock, payment upon formation, transfer of shares or stakes or contributions to the share capital, among others.Read more
Contractual guarantees in Spain: the personal guaranteePersonal guarantees include personal securities, which can be characterized as an ancillary obligation, since it depends on the main obligation, and as a subsidiary obligation as well, in that only if the principal debtor fails to comply is it possible to demand payment of the debt from the guarantor.Read more
Procedure for substantial modification of working conditions in SpainThe procedure for substantial modification of working conditions is preceded by a series of consultations with the representatives of the employees which cannot exceed a period of fifteen days.Read more
