Setting-up a branch in Spain?
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.
The Infographics section from Mariscal & Abogados tries to summarize and simplify legal information through simple graphical representations.
Mechanisms and measures to prevent corporate insolvency in Spain
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.
Setting-up a branch or a subsidiary in Spain
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).
Labour sanctions in Spain increase as of 1st October 2021
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.
What is the Cash Pooling?
Cash pooling is not formally regulated in Spanish law; this type of contract has particularities with the current account, commercial commission and loan contracts.
Advantages of wind energy in Spain
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.
The Interlocutor Único de Nudo (IUN)
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).
Management control over the employees in Spain
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.
Regulation for grid connection and feed-in permits in Spain
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
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.