When a Managing Director (MD) is appointed onto a Board of Directors, the company is obliged to enter into a contract with him according to article 249.3 of Royal Legislative Decree 1/2010, of July 2, which implements the Corporate Enterprise Act (CEA). The CEA expressly mentions that the contract must include all details of the… Continue reading Is it necessary to sign a contract with a Managing Director if he carries out his executive functions free of charge?
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Labour news for 2019
Royal Decree 1462/2018 establishes that the Minimum Interprofessional Salary (MIS) for 2019 will be 14 payments of 900 Euros gross monthly salary each year, which is an increase of 22.30% with respect to 2018. Royal Decree 28/2018 introduces a whole raft of new measures for 2019, among which the following stand out: – The minimum… Continue reading Labour news for 2019
Intra-corporate transfers to Spain. International mobility
Non-EU foreigners who travel to Spain can apply for a visa or residence permit for the purposes of employment, professional activities or job training relationship with a company or group of companies established in Spain. There are two types of residence permit for intra-corporate transfers: Type 1: Intra-Corporate Transferee European Union (ICT-UE) residence permit for… Continue reading Intra-corporate transfers to Spain. International mobility
Alternative funding options for Start-ups: Media for Equity and Tech for Equity
According to the public agency Catalonia Trade & Investment, Barcelona is one of the most dynamic business ecosystems in Europe, especially in the field of new technologies. According to a study published by the British investment firm Atomico, Barcelona is in the top-tier of European cities preferred by entrepreneurs to found a start-up, second only… Continue reading Alternative funding options for Start-ups: Media for Equity and Tech for Equity
Impact of the declaration of bankruptcy on enforcement and debt collection
Article 55 of the Bankruptcy Law establishes what the impact of the declaration of bankruptcy must be on enforcement and debt collection. Section 1 of Article 55 establishes as a rule the impossibility of initiating individual enforcements and in Section 2 the precept establishes as a rule that actions in process shall be suspended from… Continue reading Impact of the declaration of bankruptcy on enforcement and debt collection
Sole Shareholder Companies: obligations to be taken into account
Spanish law allows the existence of unipersonal companies, which are those that have a sole shareholder. This circumstance can occur from the moment of the incorporation of the company or can occur later on, when for example the shares of two or more shareholders are acquired by one of them who becomes the sole owner… Continue reading Sole Shareholder Companies: obligations to be taken into account