Newly Created Limited Liability Company in Spain
A “Sociedad Limitada Nueva Empresa” is the legal name for a Spain New Limited Liability Company (SLNE). This type of business is a novel take on the S.L. (LLC). Because LLCs can have an unlimited number of stockholders, it is ideal for small and medium-sized businesses. The formation is a straightforward and rapid registration process, similar to that of an LLC.
In 2003, a law authorizing the formation of SLNEs was passed. Its goal was to support the formation of small businesses in Spain. Instead of the unlimited stockholders that an LLC enjoys, the SLNE cap is set at five.
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Newly Created Limited Liability Company registration conditions
To register a new SLNE, all that is required is to submit a single electronic document to the public Deed of Formation. Within 48 hours of submission, approval may be granted.
Timeline
An SLNE can be registered in person or online, and the process takes only one day.
Fees
Contact us for detailed information regarding Newly Created Limited Liability Company incorporation fees.
Compulsory regulation
The number of SLNE stockholders might range from one to five.
An SLNE’s minimum share capital is 3,000 Euros, with a maximum of 120,000 Euros. Unlike an LLC, where shareholders can make “like-kind” contributions instead of cash, SLNE shareholders can only make monetary contributions.
An Annual General Shareholders’ Meeting is required by law. Because SLNE is a small organization, the meetings can be held in a variety of ways.
Documents
List of documents required:
- Name of the company,
- Date of incorporation,
- Registration details,
- Objects of the company,
- Registered office,
- Share capital,
- Paid share capital,
- CIF number,
- Company contact details.
Consultation about Newly Created Limited Liability Company registration
Our consultation services for Newly Created Limited Liability Company registration aim to assist you at every stage of setting up your business in Spain. Our expert advisors oversee everything from preparing initial documentation to securing necessary permits and registrations, ensuring that the process is seamless and efficient. We offer tailored advice on legal obligations, share capital, and corporate structure to support you in making well-informed choices that align with your business objectives.
Ownership management
Overseeing the ownership of a Newly Created Limited Liability Company is a challenging yet essential responsibility. We provide services that involve addressing ownership changes, managing beneficial owners, and facilitating ownership transfers. We make sure that all changes in ownership are accurately recorded and adhere to current regulations.
Corporate structure changes
As your business develops, your corporate structure may also need to adapt. If you require changes to directors, updates to nominee details, or any other structural modifications, we offer extensive services to ensure these transitions are handled smoothly and effectively.
Share capital management
Managing share capital is essential for the financial well-being of your company. We provide services designed to support you in increasing, decreasing, selling, and transferring share capital, making sure that all actions are executed accurately and comply with legal regulations.
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