{"id":3454,"date":"2021-04-07T22:57:05","date_gmt":"2021-04-07T22:57:05","guid":{"rendered":"https:\/\/emprendix.com\/?p=3454"},"modified":"2025-05-12T14:13:30","modified_gmt":"2025-05-12T14:13:30","slug":"how-to-set-up-a-limited-company-in-palma","status":"publish","type":"post","link":"https:\/\/emprendix.com\/en\/how-to-set-up-a-limited-company-in-palma\/","title":{"rendered":"How to set up a limited company in Palma"},"content":{"rendered":"

Are you thinking about a company\u00a0start up in Palma<\/strong><\/a>? Don\u2019t think twice, a limited liability company (sociedad limitada) is your best option. A limited liability company is the most common company type in Spain. So, regardless whether you are a national or foreign investor in Palma, the way to go is to\u00a0set up a SL in Mallorca<\/strong> . It is largely popular for small and medium-sized businesses because of the important advantages that it offers to shareholders. \"\"<\/a><\/p>\n

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Our team of<\/strong>\u00a0accountants in Mallorca<\/strong><\/a>\u00a0can help you in setting up a limited liability company in Spain. If you are foreign investor, you can save a lot of time and money by hiring the best accounting professionals in Palma. Particularly, since the process of\u00a0setting up a company in Palma<\/a>, requires a detailed, in-depth knowledge of national Law and business regulations.<\/p>\n

What do I need to set up a limited liability company?<\/strong><\/h2>\n

The reason for SL being so popular lies on the fact the Spanish Administration only asks you for a\u00a03,000 \u20ac minimum share capital<\/strong>, an amount which can be deposited either in cash or by means of non-monetary contributions such as: credit rights, machinery, real estate property, etc. The capital is divided into shares, but the transfer of these shares is limited to the company partners as the transfer is only possible among existing partners. Any doubt about it?\u00a0Our team of experts in<\/strong>\u00a0company registration in Palma<\/strong><\/a>\u00a0can help you<\/strong>, regardless of the kind of project you have in mind.<\/p>\n

Shares cannot be sold to third-parties, but it is possible to transfer them to individuals or specific entities within the company, like company partner or close family members. They can also be transferred to other companies within the SL, as long as it belongs to a group of companies.<\/p>\n

It is possible to\u00a0start up a company in Palma<\/strong><\/a>\u00a0even with just one shareholder. Under Spanish law, a SL can have an unlimited number of partners being the starting point the one-shareholder company. Founders and partners of a SL company in Palma can be nationals of any country. Shareholders liability for\u00a0company\u2019s debts<\/strong>\u00a0is limited to their\u00a0company\u2019s share capital contribution<\/strong>. Do not hesitate to\u00a0contact our accountants in Palma to<\/strong>\u00a0set up a company<\/strong><\/a>\u00a0in Mallorca<\/strong><\/p>\n

What else I do need to set up a Spanish SL?<\/strong><\/h2>\n

The SL or\u00a0limited liability companies<\/a>\u00a0in Spain must have a legal name where it shows its \u201csociedad limitada\u201d (SL or SRL) status. All SL must submit for registration the necessary legal at the Companies House in Palma. In this procedure, investors must draw the company\u2019s articles of association, with the assistance of a\u00a0public notary in Palma<\/strong>. To cut the hustle, we strongly advise you to rely on our expertise in\u00a0tax in Palma<\/strong><\/a>\u00a0and\u00a0company registration in Mallorca<\/strong><\/a>.<\/p>\n

A company\u00a0start up in Mallorca<\/strong><\/a>\u00a0requires:<\/p>\n