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Articles of Association of a Spanish Company

Updated on Monday 19th December 2016

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Articles-of-Association-of-a-Spanish-Company.pngThe main statutory documents of a company in Spain are represented by the memorandum and the articles of association. The way in which they are drafted depends upon the legal entity of the company. In the situations in which the articles of association are required, the investors will have to state general information on the company, such as its trading name and the legal entity, as well as its main business purposes and the activities it can undertake. Foreign businessmen who want to open a company in Spain can receive an in-depth presentation on the overall regulations that are compulsory for the articles of association from our team of company formation consultants
 

The articles of association for a limited liability company in Spain 

 
Persons who are interested in the procedures related to company formation in Spain should know that, in the case of a limited liability company, the investors will need to draw the articles of association
 
The applicable legislation prescribes that the articles of association of this type of legal entity will contain provisions related to the following: 
 
the name of the company
the legal entity;
the registered address of the company;
the share capital;
the shareholders who can add supplementary contributions to the capital;
if the management of the company is controlled by one director or by a board of directors;
the act also stipulates the period in which the directors will hold their position in the company
 
At the same time, it is important to know that the director can be removed from this function in the situation in which the board of directors prescribes a resolution in this sense, as the articles of association allow them to perform this action. Our team of company formation agents in Spain can offer more details on this subject. 
 

Legal aspects related to the Spanish articles of association  

 
When starting the procedures for company registration in Spain, the investors will be required to notarize the articles of association, operation that is performed in front of a public notary. Later on, the documents will be registered with the Mercantile Register and they will be available to a larger public. 
 
We invite you to contact our team of company formation consultants in Spain for more details related to the Spanish articles of association.  
 

Comments

  • Martin 2016-12-19

    As a company's founder, I have to say that it is very important to know the local legislation when signing the articles of association, or any other relevant document related to the incorporation of a company.

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