The energy field in Spain is regulated by the Energy Sector Act, which was enforced in 2013. The Act provides the regulatory framework for companies operating in this field and, at the same time, it establishes regulations for a competitive market. In order to open a company in the energy field, the investors will need special licenses, which are issued by the competent authorities. Our team of lawyers in Spain can offer legal assistance on the registration of a legal entity operating in this industry.
Open a company in Spain
The registration of a company in Spain that will operate in the energy sector can last several weeks. There are certain compulsory steps which have to be completed when setting up a company and a part of these processes will incurr the payment of various registration fees, which can be detailed by our team of Spanish lawyers.
The legal entity will need to be registered with the Mercatile Register and the investors will have to open a corporate bank account. The legal requirements stipulate that the investors have to deposit the minimum share capital in accordance with the legal entity chosen for incorporation, but it is important to know that most of the companies registered here are set up as limited libility companies.
The following video offers a short presentation on the registration of a Spanish energy company:
The procedure will continue by establishing a meeting with a public notary in Spain, who is in charge of notarizing the incorporation documents of the future company.
Regulations related to the energy sector in Spain
The main institution which ensures the applicablity of the Energy Sector Act is the National Energy Commission. In order to set up a company in this field, all the operators are required to obtain licenses, depending on their specific business activities.
For example, companies set up as hydroelectric plants will require a license issued by the Administrative Registry of Electricity Generation Installations. Companies which operate as suppliers and distributors of energy will need to comply with the regulatory framework provided by the Administrative Registry for Qualified Distributors, Suppliers and Consumers.
Businessmen interested in finding out supplementary details on the registration of a company in the energy sector are welcomed to contact our law firm in Spain.