Company Types
The most common way to start a business in Spain is by registering a limited liability company. This business form is generally selected by small and medium-sized companies and the main reason for its popularity relies in the fact that the shareholders benefit from limited liability against any corporate debts. Investors who want to start a company in Spain can select one of the following company types:
sole proprietorship
(also known as sole trader) – it represents the simplest way to start a business here and it is addressed only to natural persons who want to begin a business activity by themselves
stock corporation
a business form that is addressed to large companies and which can be set up with a minimum share capital of EUR 60,101
limited liability company
besides the above mentioned characteristics, this business form benefits from a small capital requirement: EUR 3,000
joint venture
a type of entity that is created when two different businesses associate with the purpose of accomplishing a specific task
branch office/subsidiary
a way through which foreign companies can set up their operations on the local market
Partnership
it can be set up by at least two partners and it can be formed as a general or limited partnership.