Nominee Directors in Spain

Posted on Posted in Company Law, Tax

We are frequently asked if nominee shareholders and Directors are allowed in Spain. This is a complex issue, since fiduciary arrangements are frequently viewed with suspicious by the authorities and not only by them, but also by other private subjects which intervene in the business world, like banks, notaries and the like. The main reason […]

The special tax regime for Spanish holding companies

Posted on Posted in Company Law, Publications, Tax

A Spanish Holding Company   is a standard company, that is, a private limited company (“SL”) or public limited company (“SA”), which include in its business purpose, among others, the management of foreign subsidiaries. In this post, I   will refer to these companies as ETVE’s for their Spanish Acronym Entidad de Tenencia de Valores Extranjeros. Upon […]

Sociedad Anónima versus Sociedad Limitada

Posted on Posted in Company Law, Publications

The main differences between the Spanish companies  Sociedad Anónima “S.A”. and a Sociedad Limitada “S.L”  derive from their conception: On broad terms, the S.A. is a corporate structure mostly designed for large corporations while the S.L. was conceived to be used for small or family owned companies where the trust and personal relationship constitutes the […]

The “preferentes” fraud: arbitration or lawsuit ?

Posted on Posted in Company Law, Publications

In 2013 tens of thousands of Spanish and foreign retail investors (as many as 700.000 according to press sources) have lost billions of Euros invested in a toxic financial product called preferred bonds. In many cases this investment represented their entire’s  life savings. Far from being unknown, this giant fraud was backed  by the Financial […]

Spanish Private Limited Company (Sociedad Limitada)

Posted on Posted in company formation, Company Law, Publications

1.- Company’s overview The SOCIEDAD DE RESPONSABILIDAD LIMITADA (SL) is a Private Limited Company that can engage, broadly speaking, in any kind of commercial or industrial business. However, it needs previous Administrative approval for certain activities such as, brokerage, investment management, banking, insurance and other financial related services. Click here to learn the differences between a SL […]