Closing or Selling a Company in Barcelona – Legal & Tax Steps

1. 🧾 What Are Your Options?

If you’re no longer operating your business in Barcelona, you have two main legal options:

✅ Sell the company

Transfer ownership to another individual or legal entity.

✅ Close (dissolve and liquidate) the company

Cease all activity, settle debts, and formally shut down the business.

Both processes must follow strict legal and tax procedures in Spain.


2. 🔄 Selling Your Company in Barcelona

To legally transfer your company, you must:

  1. Draft a Share Purchase Agreement (SPA)

  2. Conduct due diligence on company debts and obligations

  3. Appear before a notary to formalize the sale

  4. Update the Mercantile Registry and tax authorities

  5. Notify Social Security and labor authorities if staff are involved

💡 Tip: Selling the company shares (SL) avoids restarting the licensing process for the buyer.

Capital gains tax may apply to the seller depending on profits and residency.


3. ✂️ How to Legally Close a Company

To close an SL company in Barcelona, the process includes:

Step Description
📝 Shareholder Agreement Vote to dissolve the company (Acta de Disolución)
📉 Liquidation Phase Sell assets, pay debts, collect receivables
🔚 Final Accounts Prepare final balance sheet + liquidation reports
🖋️ Notarial Declaration Sign Deed of Dissolution and Liquidation
📂 Deregister With Tax Agency, Social Security, Mercantile Registry

The company must be debt-free before liquidation. All taxes must be paid and employees settled.


4. 📅 How Long Does It Take?

Action Timeline
Selling 1–3 weeks (with buyer ready and due diligence complete)
Closing 4–8 weeks depending on complexity, debts, and approvals

The process is faster with legal representation and Power of Attorney (POA).


5. 💶 What Are the Tax Consequences?

Scenario Tax Impact
Selling shares Capital gains tax may apply (19%–26%)
Dissolving the company Tax on liquidation gains if value exceeds capital
VAT adjustments Final Modelo 303 and annual Modelo 390 required
Corporate tax File final Modelo 200
Employees Must pay severance + social security cancellations

Failure to file correctly can result in late penalties, interest, and personal liability for directors.


6. ⚠️ Common Mistakes to Avoid

  • ❌ Informal share transfers (unregistered)

  • ❌ Not canceling CIF or tax obligations after closure

  • ❌ Ignoring Social Security when closing

  • ❌ Leaving employees unpaid or unreported

  • ❌ Not filing final tax declarations

These can cause long-term legal and financial problems, especially for foreign directors.


7. 👨‍⚖️ How Borderless Lawyers Can Help

We assist foreign business owners with:

✔ Preparing and notarizing company sale documents
✔ Full legal and tax closure of SL companies
✔ Liquidation accounting and final declarations
✔ Coordinating with tax, labor, and registry offices
✔ Avoiding penalties and safeguarding your legal record
✔ Remote execution with Power of Attorney (POA)

Contact us today to sell or close your Barcelona company — legally, safely, and stress-free.

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