Minimum and maximum number of directors and shareholders
Spain
Branch (Sucursal)
The branch does not have directors or shareholders.
Limited liability company (Sociedad Limitada)
There must be a minimum of 1 shareholder, and no maximum number. The board of directors shall not have less than 3 and no more than 12 members. The bylaws may establish the extract or a minimum and maximum number of members for the board of directors. In the latter case the general meeting shall determine the exact number.
Joint-stock company (Sociedad Anónima)
There must be a minimum of 1 shareholder, and no maximum number. The board of directors shall have no less than 3 members. The bylaws may establish the extract or a minimum and maximum number of members for the board of directors. In the latter case the general meeting shall determine the exact number.
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