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Spanish Law for the Creation and Growth of Companies Includes Reduced Capital Requirements and New E-Invoicing Requirements

06 October 2022

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Approved Changes

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Spain

Spain has published Royal Decree-Law 18/2022 of 28 September 2022 in the Official Gazette, which contains various measures to support the creation and growth of companies. Among other things, the law modifies existing regulations to enable the creation of a Limited Liability Company (LLC) with a share capital of 1 euro (down from EUR 3,000) and introduces reforms to facilitate and promote the creation of LLCs in a quicker and easier way through the Information Center and Network of Creation of Companies. However, certain safeguards are introduced, including that for LLCs with share capital below EUR 3,000, at least 20%...