Closing a limited company in Spain
September 21, 2018
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INTRODUCTION
The process of closing a limited company in Spain consists of two phases. The first phase is called dissolution and the second liquidation. The objective of these two phases is the final closure of the company. It is important to understand that the beginning of the closure with the dissolution does not mean that the company is paralyzed, it simply enters a period (called the liquidation phase) in which the company has to dispose of the assets it has in order to proceed to the final closure. During this period, the company’s objective stops being that of obtaining profit and becomes the final closure.