Commercial formalities | Escoem

Commercial formalities

Commercial formalities

The requirements applicable to any type of limited liability company (SL) and corporation (SA) are detailed below..

Clear name search certificate

Application for provisional N.I.F.

Opening of a bank account

Document containing representations by the beneficial owner

Execution of deed before a notary

Application for registration of the registered office at the Commercial Registry

Period for assessment and registration in the Commercial Registry

Obtainment of definitive N.I.F.

Opening formalities for tax and labor purposes

Spanish law provides for a variety of vehicles that can be used by foreign companies or individuals for investing in Spain. The most common forms used are the corporation (S.A.) and, principally, the limited liability company (S.L.). The main differences between Corporation and Limited Liability Companies are listed below.>

Corporation : At least 25% and any share premium.
Limited liability company : Payment in full.

Corporation : A report from an independent expert on any non-monetary contributions is required.
Limited liability company : No report from an independent expert on non-monetary contributions is required, although the founders and shareholders are jointly and severally liable for the authenticity of any non-monetary contributions made.

Corporation : 60.000 €
Limited liability company : 3.000 €

Corporation : They are marketable securities. Debentures and other securities that recognize or create a debt, even bonds convertible into shares, can be issued.
Limited liability company : They are not marketable securities. Debentures and other securities that recognize or create a debt can be issued.

Corporation : shares Depends on how they are represented (share certificates, book entries, etc.) and on their nature (registered or bearer shares). In principle, they may be freely transferred, unless the bylaws provide otherwise.
Limited liability company : Must be recorded in a public document. S.L. shares are generally not freely transferable (unless acquired by other shareholders, ascendants, descendants or companies within the same group). In fact, unless otherwise provided in the bylaws, the law establishes a pre-emptive acquisition right in favor of the other shareholders or the company itself in the event of a transfer of the shares to persons other than those referred to above.

Corporation : The directors or shareholders, as the case may be, making the proposal must make a report.
Limited liability company : No report is required.

Corporation : Maximum 6 years (4 years at listed companies). They may be reelected for periods of the same maximum duration.
Limited liability company : May be indefinite.


World economy

Spain is a modern economy with a GDP of 1,200 million.

Foreign companies

They chose Spain for business and investment

EU economy

Spain is the fourth largest economy in the European Union.

Fiber optic homes

Spain is the country in the European Union with the highest FTTH penetration rate.

Distribution of the main exports and imports in Spain


  • Equipment goods20%
  • Foods16%
  • Automotive sector15%
  • Chemical products14%


  • Equipment goods21%
  • Chemical products15%
  • Energy products13%
  • Automotive sector12%

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Antonio Ramón Iáñez Sáez

Eloy García Tejada

Count on us to help you in your day to day business.

Legislation is constantly evolving, which is why it is essential to never stop asking questions and possess the technical knowledge to resolve any issue that arises in the day-to-day business and private sphere.

ESCOEM employs more than 19 experts who advise clients in various fields. Our firm supplies you with the opportunity to count upon a personal advisor who will offer you solutions to achieve your objectives.

We are committed to a management model that focuses on the client, one that identifies their needs and seeks to offer a high-quality and effective service, alongside the best possible solutions.

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Why choose ESCOEM?

Choosing us as your advisory firm means you can count on a superb team with the experience and qualifications needed to face any contingency that may arise during day-to-day business. We work with passion and dedication by sharing our experience with you.

How can ESCOEM support me?

We boast a multidisciplinary, professional team that delivers the knowledge, experience and specialisation necessary to provide our clients with a comprehensive service, one that defends their interests in an effective manner.

How is ESCOEM different from other advisory firms?

Individual attention is at the foundation of our services.

Our clients trust us because we always stand by their side: we are open to listening to them and willing to provide them with our best service. We are faithful to our principles and fully commit to our work.

As a client at ESCOEM, you can count on a personal advisor who will guide and support you towards achieving your goals. So, count on us: we help our clients build businesses.

I need an advisor. What is ESCOEM´s work method?

We aim to offer services based on commitment, quick response and needless to say, quality. Furthermore, transparency is our leitmotiv. We always share all the documentation and information related to their business activity with our clients.

Our clients cover most of the productive sectors in the business community, a condition that enables us to deliver a preventive and comprehensive advisory service..

I am short on time. Can I access my information at any time?

The technology and innovation are central elements of ESCOEM’s business culture: for this reason, we continually strive to find better solutions for our clients.

We have therefore developed a client portal that allows clients to access any personal and business documentation that has been processed by our firm.

This is a free on charge an on an exclusive basis to ESCOEM´s clients, thus providing real-time access24/7 del día.

I still have some questions. How can I contact you?

If you have any questions, feel free to call us at +34 958 53 55 65, or send us an email to or you can visit us at our office at Sederos Street, 2, Granada.