Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Sociedad de Responsabilidad Limitada (S.L.), limited liability company. 3,005.06 EUR minimum fully subscribed and fully paid up.	Minimum 1 partner Responsibility limited to the contribution amount.
Sociedad Anonima (S.A.), limited company (Incorporated). 60,101.21 EUR minimum, fully paid up minimum up to 25% of the total constituted amount.	Minimum 1 partner Responsibility limited to the contribution amount.
Sociedad Colectiva, company in a group's name. No minimum capital.	Minimum 2 partners. Liability is joint and several and unlimited towards third parties.
Sociedad comanditaria, mixed liability company (limited partnership) No minimum capital.	There are 2 types of partners, the active partners and the sleeping partners. The responsibility of active partners is unlimited. Responsibility of sleeping partners is limited to their contribution amount.

The Competent Organization: National Trade Register
Search a Company or a Financial Report: Register of Spanish companies, in Spanish

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Spain.
Central Trade Register
Crear-empresas

Working Conditions

Legal Weekly Duration: 40 hours
Retirement Age: 65 or 64 years. In January 2011, a pension reform was introduced, increasing the legal retirement age from 65 to 67 over a 15-year period beginning in 2013.
Working Contracts: The labor contract can be written or oral; for an indefinite period or for a defined duration, training contract, relief contract, termporary contract for work or defined assignment.
For further information, please visit the website of INEM or refer the labor guide from the Department of Labor and Social Welfare.

Minimum Wage: 20 EUR/day, 600 EUR/month or 8,400 EUR/year
Average Wage: Average monthly gross earnings in Spain is 1,630 EUR.
Social contributions: Social Security Contributions Paid By Employers: 29.9%
Social Security Contributions Paid By Employees: 6.35%

Social Dialogue and Involvement of Social Partners: There are about forty trade unions (general or regional) and a large number of sector-based / regional unions (gremios). Collective bargaining is widespread in both the private and public sectors.
Unions: National Labor Union
Association of Trade Unions
Workers' Commission
Unionization Rate: Union membership is low: around 14%. 60% of the working population is covered by collective bargaining agreements.
Labor Regulation Bodies: Department of Labor and Social welfare

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