[ESTABLISHING A BUSINESS ENTITY IN SPAIN]
440
SA
SL
BRANCH
Payment upon formation
25% of the face value is the minimum payment on incorporation. The rest shall be contributed according to the agreed terms. In case of non-capital contributions within 5 years.
Fully paid up on incorporation.
N/A.
The value of the contribution in kind requires the assessment of an independent expert.
Partners are jointly and severally liable for the value of the contribution in kind. In the event of increase of capital, directors are liable. No expert assessment is required. Privileges are allowed, making it easier to change the voting rights principal of 1 share 1 vote. Shares without voting rights are also allowed.
Contribution in kind
N/A.
Voting rights
No privileges are allowed to alter the principal of one share one vote. However, shares without voting rights are allowed.
N/A.
FINANCING SOURCES
Listing and issuing bonds or other negotiable instruments
Can issue shares and bond or debt interest, including bonds convertible to shares.
Quotas representing the capital are not marketable securities. Debentures and other securities that recognize or create a debt can be issued.
N/A.
The total sum issued by a limited liability company may not exceed double their own resource value, unless the issue is guaranteed by mortgage, securities
ILN Corporate Group – Establishing a Business Entity Series
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