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Forming a company?
The Notary's legal advice before signing any document
is essential. Remember it is not the same thing to form
a Public Limited Company, as a Private Limited Company
or Partnership. It is not the same to commend the representation
of a company to a Board of Directors or to two administrators,
that Shareholders' Meetings be called in one way or
another, that the administrator's office may be remunerated
or not, that the shares can be freely transferred or
not, etc. , etc. The Notary will inform you about the
corporate system that best suits your position and will
consequently draw up the articles of association.
The Notary will verify the standing of the incorporation,
and will help and assist you in complying with the necessary
requirements: obtaining the name, justification of depositing
the respective money for the initial share capital in
the name of the company, prepare the declaration forms
to the Spanish Authorities about your investment as
a non-resident, on attribution of the value of non-monetary
contributions in public limited companies, etc. He will
also control and advice many other corporate acts, such
as company merger, transformation, increase and reduction
in capital, etc.
Approximate cost of notary fees for forming a company
with a capital of 200,000 $ USA : 400 $ USA.
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