FAQ
How to set up a company (SL)?
To create a Limited Liability Company (Sociedad Limitada, SL) in Spain, simply follow these 6 steps:
- Choose the company name
- Partners contribute the share capital
- Draft the Articles of Association
- Appointment of Directors
- Sign at Notary and register with the Commercial Registry
- Register with the Tax Authority and Social Security
Who needs to register as self-employed?
Partners holding at least 25% of the share capital and also acting as directors.
Partners holding at least 33% of the share capital and working for the company.
Family members living together who collectively hold at least 25% of the share capital, and at least one is a director or works for the company.
Is it mandatory to go to the Notary in person?
No, if you have a digital certificate, you can sign the incorporation and many other documents without going to the Notary in person.
1. How can I claim a debt?
If someone owes you money and you can prove it with an invoice or contract, you can claim it through a “monitorio” procedure, a quick and effective process before the courts.
2. What mortgage expenses can I claim from the bank?
Applies to mortgages signed before June 16, 2019. You can claim:
- Property Registry fees
- Management fees
- Appraisal fees
- Half of the notary fees associated with the mortgage.
3. Until when can I make the claim?
- Monitorio procedure: 5 years from the missed payment or last reminder.
- Mortgage expenses: 10 years from the moment you became aware of your right to claim.