The Limited Liability Company (LLC) is one of the most common company forms in Spain; its capital is divided into shares, which are integrated by the contributions of all partners who are not personally responsible for social debts. The main characteristics are: – The partners are not personally responsible for social debts, but only [...]
A Spanish limited company is governed by the Capital Companies Law, Royal Decree 1/2010, 2nd July. The minimum capital is €3,000, which is divided into shares to be assigned to the shareholders, according to their contribution, and who will not be personally responsible for the debts of the company. To set up a [...]
We are getting close to April 30th. On this date, the majority of the companies in Spain must comply with the requirement of presenting and legalising their accountancy books. Do you have a company in Spain? It is important to fulfil the registration and filing of the accounting books at the Companies House. What are [...]
Welex: your efficient accountants in Marbella! The Costa del Sol, and, more specifically, Marbella, is the ideal place to start a business in the tourist sector. Throughout the year, tourists from different parts of Europe and all over the world visit the South of Spain in search of nice beaches, good food and all that [...]
By Welex, leading law firm in Marbella. There are many reasons why a person or company may wish to purchase another company in Spain, whether to start a new business, or to expand, create his mark or to acquire clients or suppliers. Factors to be considered: The transfer of rights and obligations of a Spanish [...]
What are the Chambers of Commerce, and what is their function in Spain? We have all heard of the chambers of commerce, but what exactly are they, and what kind of help do they offer companies and the self-employed in Spain? What is the Spanish Chamber of Commerce? The Chamber of Commerce in Spain is [...]
Welex, your motivated accountants in Marbella! At the end of the year, Spanish companies must focus on closing their accounts. Ideally, it helps to have a team of experts, like those at Welex, do the work and file your yearly tax return. We will explain some basic issues related to the [...]
You may have heard more than once about Spain’s Mercantile Registry—Registro Mercantil in Spanish. Today we would like to clarify some frequent questions that arise on this subject. For example, what exactly is this Spanish Registry and what formalities are done at this Registry? If you own a company in Spain, you must take into [...]
What exactly is the social security system in Spain? By Welex, your accountant in Marbella! In short, the Social Security System can be defined as a series of regimes that ensure the protection of persons in different fields, ranging from sanitary assistance to economic assistance. Here are some examples of the benefits you can enjoy [...]
VAT in Spain Any business trading with another European country which belongs to the European Union (EU) must be aware of the Tax implications A special tax system regulates these transactions and they are subject to certain rules and obligations. If your business qualifies to obtain the European VAT number, the VAT rate to [...]
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