Compare Spain Legal
Structures
Not sure which legal structure is right for your Spanish operations? Use our interactive comparator to understand the differences and get a personalized recommendation.
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Choose Structures to Compare
Select up to 4 structures to see a detailed side-by-side comparison.
SL
Sociedad Limitada
The most common structure for SMEs. Offers limited liability with flexible governance and lower capital requirements.
Key advantages:
- Low minimum capital (€3,000)
- Simple governance structure
- Limited liability protection
SA
Sociedad Anónima
Designed for larger companies with higher capital needs. Allows public share trading and is required for certain regulated activities.
Key advantages:
- Enhanced credibility
- Freely transferable shares
- Can issue bonds
Sucursal
Branch Office
An extension of the parent company without separate legal personality. Parent company maintains full liability.
Key advantages:
- No minimum capital required
- Simpler structure
- Direct extension of parent company
Filial
Subsidiary (SL/SA)
A separate legal entity wholly or partially owned by a parent company. Provides liability protection between parent and Spanish operations.
Key advantages:
- Full liability protection for parent
- Separate legal entity
- Local credibility
Side-by-Side Comparison
| Feature | SLSociedad Limitada | FilialSubsidiary (SL/SA) |
|---|---|---|
| Minimum Capital | €3,000 | €3,000 |
| Liability | Limited to capital contribution | Limited to subsidiary capital - parent protected |
| Setup Timeline | 2-4 weeks | 3-5 weeks |
| Setup Costs | €800 - €2,000 | €1,200 - €3,000 |
| Annual Costs | €1,500 - €4,000 | €2,000 - €6,000 |
| Tax Rate | 25% Corporate Tax (15% for first 2 years) | 25% Corporate Tax (dividend withholding may apply) |
| Governance | Board of Directors or Sole Administrator | Independent Board or Administrator |
| Ideal For |
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