Entity Management
We provide all the necessary services to keep entities in order throughout the year, including:
– Drafting of minutes and certificates
– Filing annual accounts with the commercial register
– Completing the standard legal procedures for directors, shareholders, entity names and registered addresses
– Maintaining books and records
– Ongoing monitoring of entities’ records and compliance deadlines
– Alerts for local regulatory and legal changes..
Entity health check
Foreign companies operating in Spain should conduct periodic reviews of their group structures to ensure that they are properly updated, as well as of the administrative and legal processes that support them. These types of health checks are also useful when initiating research on a potential target company in the context of M&A transactions.
Our reviews of the health of Spanish entities belonging to large international groups can take the form of a full report on the company’s compliance status or just of a briefing:
– A full review checks local public records, local statutory records and internal corporate databases for areas of non-compliance, especially those relating to information supporting legal registration and incorporation: full company name, registered office address, current directors and shareholders, share capital, verification of minutes and details of statutory records (including the filing of financial statements).
– Our Spanish corporate entities briefing quickly provides a global snapshot of the compliance of an entire operation by bringing together publicly held information on a client’s or target’s entities.
Ultimate Beneficial Owner (UBO) registration
The registration of the Ultimate Beneficial Owner (UBO) is a key mechanism implemented by Spanish authorities to keep record of who is the ultimate beneficiary of an entity registered in Spain.
Because the detailed compliance processes – legal definitions, information requirements, reporting deadlines – having a local experienced provider that can take care of all of these for you is of the essence.
