The Role of the Secretary of the Board of Directors in Spanish Companies

In Spanish companies, the central governing and management body is the board of directors (consejo de administración). Through it, the shareholders delegate the administration, strategic management and supervision of the company to a group of directors who act collectively. However, part of this body is also a less visible yet for the proper functioning of the corporate system absolutely essential figure: the company secretary or secretary of the board of directors (secretario). Their role, traditionally associated with purely formal functions, has evolved to a professional agent who ensures the integrity of the company and advises on corporate governance.

Commercial and Corporate Law in Spain: Consequences of Failing to File Annual Accounts with the Mercantile Register

Correct accounting and a true and fair view of a company’s financial situation are the foundations of a well-functioning company. In Spain, companies are legally obliged to file their annual accounts with the Mercantile Register so that reliable economic and accounting information is available not only to the administration, but also to third parties and the company itself. In practice, however, many companies in Spain violate this obligation. The legal, economic and operational consequences of this violation will be outlined in this article.

The Spanish Supreme Court Opens the Door for Non-Residents to Benefit from the Wealth Tax Limitation

The Supreme Court (TS) has recently issued two key ruling – STS 4849/2025 (of 29 October) and STS 4846/2025 (of 3 November) – which entail a considerable tax benefit for non-residents in Spain subject to the Spanish Wealth Tax (impuesto sobre el patrimonio).

The OECD Defines New Permanent Establishment Rules for Remote Working

• Essential new guidance for multinationals with remote workforces
• Introduction of the “50% rule” and the “commercial reason” test to determine the existence of a permanent establishment for the employer in the employee’s country of residence.

Beckham Law and Directors of Holding Companies: Practical Analysis of Binding Decision V1068-25

Introduction The special regime regulated under Article 93 of Spanish Law 35/2006 on Personal Income Tax (LIRPF) —commonly known as the “Beckham Law”— allows individuals relocating to Spain to be taxed as Spanish tax residents but under the rules of the Non-Resident Income Tax (“IRNR”), provided that certain conditions are met. In practice, this means […]

BYD and opportunities for foreign suppliers in Spain: A strategic guide to investment