Closure of a Company in Spain

Who it is for

Sometimes a limited company in Spain needs to be closed properly. This is important: until it is closed, the owners and directors can still be responsible for its tax forms and reports. Closing it ends these duties from that date. This service is for directors and shareholders (the company's owners) who want every money and legal matter settled.

What is needed

• The company must be able to pay all its debts from what it owns.
• All shareholders must agree to close it, or the company's own rules must require it.

How it works

• Owners' meeting: a meeting is held to agree on closing. If there is only one director, this is a simple formality.
• Official record: the decision is signed before a notary (an official who certifies documents) and registered in the company register.
• Settling up: the company's things are sold, debts are paid, and anything left is shared among the owners.
• Final taxes: final tax forms are filed and government bodies are told.
• Removal: the company is taken off all official registers, so it no longer exists.

What the service includes

• Support through the whole closing process.
• Preparing all the papers and explaining how to sign them.
• Coordinating the steps the directors and owners must take.
• Advice on the legal and tax effects.