Objeto social (corporate purpose)

The objeto social is the description of the activities the company will carry out, written into its articles of association and registered at the Registro Mercantil. It pays to draft it reasonably broadly: if you later add a business line that does not fit, you will need a notarized amendment of the articles.

Do not confuse it with activity codes: the CNAE classifies your activity for statistical purposes, while the IAE heading defines it before the tax agency and is declared on modelo 036. The corporate purpose can be broad, but every activity you actually carry out must be registered with the tax agency.

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Capital social (share capital)

Registro Mercantil (Spanish companies registry)

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