An enterprise limited company in Spain is a new and simplified version of a limited liability company. It also has a separate legal identity, but a new enterprise limited company in Spain has its own specific requirements like a registration number, the name of the founder, and the words Sociedad Limitada Nueva Empresa (S.N.L.E.) must be included in the company name. The number of shareholders is limited to five and only natural persons are allowed, not juridical persons. The capital requirement to establish a new enterprise limited company in Spain is at least 3,000 euros. You can consult our lawyers in Spain about how to create your enterprise limited company.
Procedure for opening a Spanish enterprise limited company
There are certain steps that need to be followed if you want to establish a new enterprise limited company in Spain. Our attorneys in Spain have listed them down:
1. Unique name – The first step is to make sure that the company name is unique. You can check for the uniqueness of your company name with the Central Commercial Registry.
2. Secure deposit certificate – The capital requirement for a new enterprise limited company is at least 3,000 euros. You can deposit this amount with any Spanish bank and secure a deposit certificate as proof of compliance with the capital requirement.
3. Articles of incorporation – The articles of incorporation must be notarized. It must contain certain information, like the number and names of shareholders, identity of the directors, bank deposit certificate, and the unique name certificate.
4. Tax identification – You must secure a company tax identification code at the Tax Office. It is mandatory that an application is made within six months from registration.
5. Registration – It is done at the Central Commercial Registry. The articles of incorporation must be submitted along with other required documents.
Conversion of enterprise limited company in Spain
The minimum capital requirement for a Spanish enterprise limited company is 3,000 euros and the maximum is 120,000 euros. Once the maximum capital is exceeded, the enterprise limited is converted into a limited liability company. Our law firm in Spain can give you more information about the difference between the two companies.
Make sure to consult an expert before you establish a new enterprise limited company in Spain. You can contact our Spanish lawyers.