A limited partnership in Spain (Sociedad Comanditaria simple) is a type of company that consists of two or more partners. A limited partnership needs a general partner, with unlimited liability for the company`s debts, and a limited partner (socio comaditario), with limited liability for the debts of the company. No minimum capital is required for starting a limited partnership in Spain. The legal personality of the partnership is obtained by notary deed and registration. Our lawyers in Spain can provide you with legal details regarding the limited partnerships in this country.
How to start a limited partnership in Spain
Before setting up a limited partnership in Spain, all residents and non-residents with commercial businesses in this country must have a foreigner`s tax identification number (NIE). This number is compulsory for any fiscal transaction or for company incorporation in Spain. You can apply for NIE at any Spanish police station which has a foreigner`s department (Oficina de Extranjeros). Several documents are required for NIE application:
• an application form (Solicitud de Número de Identidad de Extranjero – NIE – y Certificados);
• a proof of payment for the fee;
• an identity document (passport);
• two passport photographs;
• certified company documentation – stating the reason for applying for NIE.
After obtaining a NIE, a few more steps are necessary in order to start a limited partnership in Spain. You have to verify the company name with the Mercantile Registry, apply for a tax identification code and deposit the share capital in a bank, notarize the company constitution documents and register the deed of incorporation with the local government tax authority. Our attorneys in Spain can provide you legal assistance throughout the entire process of company incorporation.
Registration of a limited partnership in Spain
Company registration in Spain is a necessary step for doing business. In order to register your limited partnership with the Mercantile Registry (Registro Mercantil), you need the company incorporation deed. The registration procedure takes no longer than 15 days. After this period, the limited partnership is registered and the original documentation is returned to the company owners. The registration certificate is attached to the original deed of company incorporation.
Don`t hesitate to contact our law firm in Spain if you need details about the legal procedure of limited partnership registration.