You necessity to transfer your business in Spain or open a new one?
Choice of legal form
The choice of legal form will result in the type of business you plan to open. The most common legal entities in Spain: Empresario Individual o Autónomo, Sociedad de Responsabilidad Limitada and Sociedad Anónima.
- The individual entrepreneur (Empresario Individual o Autónomo) is an individual who works on his own, he can hire employees and is fully responsible for profits and losses that activity. typical of the small craftsman or independent professional choice.
- The limited liability company (Sociedad de Responsabilidad Limitada) however can also be formed by more individuals, it requires more bureaucracy and requires an initial capital of EUR 3,000, however, is only responsible for the company’s capital. Members must not engage their assets. Typical form chosen by small and medium-sized enterprises.
- The corporation (Sociedad Anónima) is generally used by big business, it requires an initial capital of € 60,000 and involves numerous obligations. Normally it is publicly traded.
Forgetting the typical bureaucratic streamlining of Northern Europe countries, in Spain it must unfortunately interact both with the central government, and with the autonomous communities. Also provided is the deed. Nothing is impossible, with a little patience you can navigate in bureaucracy.