To form a limited liability company, partners must provide the amount of 3,005.6 € or
more. This amount can be provided by cash (deposit in a
bank or credit in national currency) or assets (by economic
rights or property, with a corresponding assessment).
is necessary to provide the necessary documentation (notification from the bank for cash capital contributions or valuation of property in the case of non-cash contributions) at the
time of registration of
articles of incorporation. For non-cash capital contributions the Corporations Act (Sociedades Anonimas law) applies. In
any case, if not indicated otherwise, all contributions are considered a title. It is not possible to provide services or work, this contribution being restricted only to goods that can be valued economically.
Capital, in both cases, is
divided into a number of
indivisible shares (in many cases, and to simplify,
3,005 shares of 1 euro each) assigned to each of the partners. The shares of a limited partnership may not be called stocks or titles.
This implies that the shares must be