Junta to start scheme to start SL companies in 24 hours

The Junta de Andalucia has announced a scheme to get SL companies up and running within 24 hours -as opposed to the normal 35-40 working days it currently takes.

The scheme consists of, believe it or not, some 500 preset up companies, complete with CIF and social capital of 3006€. In theory, all you have to do is ask the Junta for one, roll up to the notary with your 3006€ and sign a Subsanacion to the Escritura which allows you to take over the company and change its social objective.

An amazingly pragmatic way around the byzantine labyrinth that is setting up a limited company in Spain.

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