Starting a business in Spain

Legal Forms of Companies

Sociedad de Responsabilidad Limitada or S.R.L. (limited liability company)

Number of partners: Minimum 1 partner.
Capital (max/min): 3,000 EUR minimum fully subscribed and paid upfront.
Shareholders and liability: Responsibility limited to the contribution amount.

Sociedad Anonima or S.A. (limited company)

Number of partners: Minimum 1 partner.
Capital (max/min): 60,000 EUR minimum, fully paid up minimum up to 25% of the total constituted amount.
Shareholders and liability: Responsibility limited to the contribution amount.

Sociedad Colectiva (company in a group's name)

Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is joint and several and unlimited towards third parties.

Sociedad comenditaria (Limited partnership company)

Number of partners: Minimum 2 partners. There are 2 types of partners, general partners and limited liability partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Unlimited liability for general partners; liability limited to the contribution amount for the limited liability partners.

Business Setup Procedures

Source: Doing Business - Latest available data.