[ESTABLISHING A BUSINESS ENTITY IN SPAIN]
444
SA
SL
BRANCH
Filed with the Commercial Registry; and
Audited, except when two of the following requirements are met on the closing date of two consecutive tax years:
Filed with the Commercial Registry:
Audited, except when two of the following requirements are met on the closing date of two consecutive tax years:
- Branch financial statements - Foreign company
financial
statements
- Their assets do not amount over €2,850,000. - Their net yearly turnover is not in excess of €5,700,000. - Their average number of employees during the year is not over 50.
- Their assets do not amount over €2,850,000. - Their net yearly turnover is not in excess of €5,700,000. - Their average number of employees during the year is not over 50.
ANNEX 2: MINORITY SHAREHOLDERS’ RIGHTS
RIGHT
SA
SL
Right to attend meetings
The by-laws may subject eligibility to attend the general meeting to ownership of a minimum number of shares (never greater than 1/1000 of the share capital).
All members are entitled to attend the general meeting. The by-laws may not make attendance at general meetings contingent upon ownership of a minimum number of stakes.
Right to request to convene a meeting
Shareholders holding at least 5% of the share capital.
Members holding at least 5% of the capital.
ILN Corporate Group – Establishing a Business Entity Series
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