Spain Certificate of Good Standing – Nota Simple
A Certificate of Good Standing does not exist as such in Spain, but we can obtain a Nota Simple document that serves a similar purpose. This document proves the existence and registration of the Spanish company.
The Spanish Nota Simple contains the following information about the company:
- Name of company
- Name of the registry – Registro Mercantil Central
- Registry details – number in the registry, tax reference number
- Incorporation date
- Company object – this can be important in Spain, as a contract could be ‘ultra vires’ or subject to special rules
- Capital issued
- Capital paid
- Name of Directors/ Administradores – or people with Power of Attorney (the POA needs to be registered)
- Information about published data – incorporation, lodging of accounts, changes in directors and others, as required by law
Nota Simple Fees
- Nota Simple – notarised £260
- Express Search – an additional £75
Nota Simple – Details of Directors/ Administradores
A director in Spain can sign contracts on behalf of a company in their own right or with the consent of other directors depending on the powers they have been given in the deeds of appointment.
When relying on a director’s powers, look out for the following descriptions
- Administrador Mancomuniado – where consent of all directors is needed, before signing a contract
- Administrador Único – where there is only one director
- Administrador Solidario – where each director with this designation can bind the company in a contract.
The Law of Companies Financed by Capital means that an administrador solidario may have to get consent of Shareholders to sign an important document.