Foreign investors who want to start a company in Spain
can set up one of the legal entities
available under the Spanish legislation
. One of the ways in which they can invest in Spain
is through a partnership
), a form of business
which is established by at least two partners
who contribute with a specific sum of money or other types of assets (equipment, labor). Our team of lawyers in Spain
can offer an in-depth presentation on the main characteristics of a partnership
, as well as on the legal aspects related to its registration.
What is a partnership in Spain?
A partnership in Spain
is incorporated to accomplish specific business purposes, for which the partners are
fully liable. The profits of a partnership
are divided between the founders
in accordance with the stipulations they have agreed upon when they have set up the company
is regulated by a partnership agreement
in which the founders
will express specific regulations. However, aspects which have not been included in the agreement
will be dealt with in accordance with the regulations of the Spanish Civil Code
. Our team of attorneys in Spain
can offer more details on the main provisions which must be included in this type of agreement
Spanish partnership – legal requirements
An important aspect when starting a partnership in Spain
is that the company
should become an official legal entity
only when its activities are related to real estate, because, as a general rule, the partnership
lacks a legal personality
, being established under a collaboration contract
between the parties. At the same time, the partnership
is not seen as a commercial company
In this sense, we mention that a Spanish partnership will not need a minimum capital and the partners can contribute with a capital they agree upon.
Still, it is necessary to register the partnership agreement in front of a public notary in Spain, who will testify that the entity respects the applicable regulations.
Another relevant aspect is that all partnerships in Spain should contain the words “sociedad civil” in their business name.
We invite entrepreneurs to contact our law firm in Spain
for more details related to the documents the partners
should provide when opening a partnership