Setting up a Spanish S.L. Company

One of the benefits of an SL company is that only the assets of the company are liable. It is not possible to execute debt against the personal capital of the shareholders.

To set up a limited liability (SL) company the followings steps are necessary:
1 You must first issue a communication to the Registro Mercantil Central (Central Companies House) in Madrid, containing the name of your would-be company. If the name applied for has not already been registered, the Registro Mercantil Central will issue you a certificate allowing you to trade under that name for 18 months.
2 One of the crucial attributions of this certificate is that it entitles you to open a bank account under the name of the company that is going to be created. Under Spanish Company Law, a deposit of 3,100 euros must be put down. The bank will issue a certificate, signed and stamped by the bank manager.
3 It is now necessary to prepare the statute of the company. This is the most technical element regarding the setting up of an SL company and requires the aid of a lawyer.

Firstly, the statute must include the official address (so you can receive all official documents like tax bills) and the administration system of the company.
There are three administration system options: unique administrator (only one person can officially represent the company), solidarity administrator (two or more represent the company) and detached administrator (individual administrators represent the company in certain pre-arranged matters).
All these particulars must be agreed by the shareholders and established clearly under the statutes of the company.
4 With these three crucial elements done, it is necessary to go to the notary and prepare the public deeds of the new SL company (Escrituras Públicas de constitución de una sociedad de responsabilidad limitada)
The notary will analyze the documentation. Once acceptable, they will prepare the public deeds for the company. The deeds will be read in the presence of the notary and signed by both the notary and the shareholders of the company. Continue....

I have used Senor Jose Maria Ruiz Castillo, on a number of occasions for the purposes of legal matters in Spain and I find him to be a very good Lawyer. He is very efficient and always keeps his word.His knowledge of the English Language is very good.
On a personal note I find Jose to be a very approachable and honorable man and am very happy to recommend him to any person who wishes the sevices of a lawyer in the Granada region.
Denis G Tierney - Caniles (Granada)