
A
joint stock company in Spain can be set up by foreign investors, who are interested in trading the
company’s assets on the local
stock exchange. A
joint stock company is also referred to as a
public limited liability company and it is important to know that the entity is an
autonomous business form. When
opening a company in Spain under this legal entity, the investors will need to deposit a minimum share capital in amount of EUR 60,000, as prescribed by the
Capital Companies Act.
Our team of company formation specialists in Spain can provide assistance for the incorporation requirements established for this
business form.
Legal requirements for a joint stock company in Spain
Entrepreneurs interested in
company formation in Spain can open a
joint stock company only if 25% of the
company’s minimum share capital is deposited during the
incorporation procedures. The
company’s capital will then be divided into shares, which can be traded on the
Spanish stock exchange.
It is important to know that the
shares of the company can be transferred following specific regulations, which are established in accordance with the
types of shares available here.
The investors will have to set up a board of directors, which must be comprised of minimum three persons. It is also necessary to set up a general meeting, in which
company’s members are allowed to participate. A characteristic of the
joint stock company is that it can offer its
shares to the
general public and
our team of company formation consultants in Spain can provide more information on the procedure.
Types of shares in a Spanish joint stock company
According to the regulations prescribed by the Capital Companies Act, a Spanish joint stock company can issue several types of shares, as follows:
• ordinary shares;
• privileged shares;
• stocks.
Such
shares provide general rights and obligations (through the
ordinary shares and stocks), as well as supplementary rights available for the
shareholders (through the
privileged shares).