What are the types of companies in Spain?

There are different types of companies in Spain. Businesses typically choose one of the following company types:

1. Sociedad Anónima (SA): One of the most common types of companies in Spain. It is a joint stock company whose capital is divided into shares. SA must be established with a capital of at least 60,000 Euros. Shares can be publicly traded or closed.

2. Sociedad de Responsabilidad Limitada (SRL): The second most common type of company in Spain. It is a limited liability company whose capital is divided into shares. SRL must be established with a capital of at least 3,000 Euros. Business owners contribute to the company's profits and losses and protect their personal assets.

3. Sociedad Limitada Nueva Empresa (SLNE): This type of company is a special option for new businesses. Capital requirements are lower and the establishment process is easier. SLNE can be established with a maximum capital of 120,000 Euros.

4. Sociedad Colectiva (SC): This type of company is a type of partnership in which the personal assets of the partners are responsible for the debts of the company. The SC must be established by at least two partners to engage in business activities and manage the business.

5. Sociedad Comanditaria por Acciones (SCA): This type of company is a limited company that has two types of partners. While limited partners carry limited liability, general partners participate in the management of the company and put their personal assets at risk. This is just an example of some Spanish company types, other company types also exist. Additionally, in Spain, company types are subject to legal and financial requirements, so it is important for business owners to comply with local laws and regulations. Business owners should contact local authorities or work with a lawyer or consultant for more information about the process of forming a company in Spain.