News and articles about Letslaw in Spain

How to establish your LLC in Spain

How to establish your LLC in Spain

The Sociedad Limitada, that is, a Limited Liability Company (hereinafter, “LLC”), is the most widespread type of corporate company in Spain. This type of company is widely used by small and medium-sized entrepreneurs who want to limit their liability to the share capital contributed, thus they avoid responding with their personal assets before the debts of their business, among other advantages.

Our foreign clients who want to establish their business in Spain often use this corporate vehicle because they consider it to be the most appropriate, for this reason, throughout this article, we will explain how to establish your LLC in Spain.

getting your nie

Getting your N.I.E in Spain

In this article, we would like to explain the process and the requirements that you need in order to getting your N.I.E in Spain.

Do not feel overwhelmed, it is very easy and the requirements are also very easy to get!

The N.I.E means Número de Identificación de Extranjero which translates to foreign identification number, this number is given to an individual for different purposes.

Most people like to obtain a N.I.E number so that they can open a bank account in Spain. The N.I.E is important because this way the government can identify you whenever you are doing any processes in Spain.

Spanish nationality

How can I acquire the Spanish nationality?

In accordance with Spanish law, the Spanish nationality can be acquired in several situations. Depending on individual circumstances, one can choose to request the Spanish citizenship based on one of those ways. The requirements and the procedures of the application may vary accordingly, which is why it is important to check which way is the most adapted to your personal situation.

In this article, we will present the requirements for acquisition of nationality by residency, as it is by far the most commonly used by foreigner resident in Spain.

brexit

UK residents in Spain: How will Brexit affect me?

By activating Article 50 of the Treaty on the European Union on 29 of March 2017, the United Kingdom initiated a negotiation period of 2 years, during which the European Union together with the UK were supposed to agree on an exit deal. This deal concerns all the aspects regarding the connections between the State and the Union after Brexit, including residency requirements for UK citizens living in EU member States.

However, no exit deal has been found before the deadline of 29 of March, 2019, and consequently, the consequences of Brexit over UK residents in the EU are still unclear.

abogados fintech

LAWYERS FINTECH

Do you know what we mean by fintech lawyers? In recent years, not only has been an evolution and a huge change of technologies and the Internet, but also finances and banking have evolved.

Therefore, this digital revolution has produced a transformation of the global financial sector, with the emergence of the Fintech phenomenon, which is creating changes in the service delivery by the appearance of new operators, in response to changes in the expectations and consumption habits of the clients, granting countless benefits such as immediacy, flexibility and profitability.

Fichtech, which is a combination of the English words finance and technology,

GDPR Breakfast Workshop

LETSLAW + LAUNCHMETRICS #GDPR Breakfast Workshop

This year, Letslaw has had the pleasure of participating in the breakfast organized by Launchmetrics giving small guidelines on how to comply with the new General Data Protection Regulations (RGPD) to the different attendees, among which was: Hearst Magazines S.L. Spain, Bimba & Lola, L’Occitane en Provence Spain, Shiseido Spain, and Delpozo.

In this breakfast we analyzed issues related to the world of fashion, applied to the personal data protection and how it is affected by the GDPR, which entered into force on May 25.