A branch is a secondary establishment subordinate to its parent company, meaning that it is an extension of the parent company in Spanish territory and does not require a minimum share capital for its incorporation.
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Spain provides companies with a range of economic, labour, contractual, corporate, procedural and fiscal measures. The Covid-19 legislation complements them with new economic and procedural measures to prevent corporate insolvency.
Opening a branch in Spain does not require a minimum share capital. Opening a subsidiary, on the contrary, requires a minimum share capital of €3.000 for Limited Liability Companies (LLC) or €60.000 for Public Limited Company (PLC).
With the validation of the law on distance work, Spain has modified article 40 of the Law on infringements and sanctions in the social order. The new amounts will enter into force on 1 October 2021 and will have no retroactive effect.
Inexhaustible, harmless, clean, safe, compatible and adaptable are just some of the characteristics of wind energy, a fundamental source of energy for the European and global ecological transition and for which Spain is the leading producer.
Royal Decree 1183/2020, of 29th December 2020, includes substantial modification regarding the granting procedure concerning grid connection feed-in permits for energy projects in Spain. Important innovations concern notably the unification of the award procedure and the often-criticised ‘Interlocutor Único de Nudo’ (IUN).
Under article 20.3 of the Workers’ Statute, companies in Spain may adopt measures for surveillance and control of their workers. The new technological developments, however, limit this power in terms of the control systems used.
The new regulations for grid connection and feed-in permits in Spain aim to solve the existing problems and increase the investment in photovoltaic projects in Spain.
The rights of minority shareholders in Spain include getting documentation and information, requesting a notary at the meeting to record the minutes, or withdrawing from the company, among others.
In Spain, the trend towards digitalisation of company law was already a fact born with the amendment of the Capital Companies Act dated on 2011. The new mechanisms introduced because of Covid-19 have boosted them.