[ESTABLISHING A BUSINESS ENTITY IN SPAIN]
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SA
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BRANCH
- Acquisition, disposal or transfer to another company, of any essential assets. Assets are considered essential when the sum of the transaction exceeds twenty-five percent of the share value shown in the latest approved balance sheet. - Conversion, merger, spin-off or global assignment of assets and liabilities. - Dissolving the company. - Approval of the final liquidation balance sheet. - Any other matters stipulated by the law or the by-laws. Types: the management of the company may be entrusted to: - a sole director, - several directors who may act jointly or jointly and severally; or - a Board of Directors.
- Acquisition, disposal or transfer to another company, of any essential assets. Assets are considered essential when the sum of the transaction exceeds twenty-five percent of the share value shown in the latest approved balance sheet. - Conversion, merger, spin-off or global assignment of assets and liabilities. - Dissolving the company. - Approval of the final liquidation balance sheet. - Any other matters stipulated by the law or the by-laws. Types: the management of the company may be entrusted to: - a sole director, - several directors who may act jointly or jointly and severally; or - a Board of Directors. Members of the Board of Directors in this case are limited to 12.
Managing body
Representative resident in Spain, who acts as attorney of the branch in the name and on behalf of the parent company for all purposes, particularly tax purposes. The attorneys in fact of the branch are appointed by the parent company.
ILN Corporate Group – Establishing a Business Entity Series
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