The law allows a private limited company to be formed within a very short timeframe using model articles. We explain when this is possible, what the requirements are, and what the advantages and drawbacks are compared to standard formation.
Article 15 of the Entrepreneurs Act (Law 14/2013) introduced the possibility of forming a private limited company (SRL/SL) using model articles via a digital procedure that can be completed within 48 working hours. However, this route has conditions and limitations worth understanding.\n\nRequirements for express formation\n\n- Minimum share capital: €1 (though we recommend at least €3,000 for serious ventures).\n- Model articles: the Ministry-approved templates are used. Custom clauses are not permitted (special quorums, pre-emption rights, transfer restrictions, etc.).\n- Number of shareholders: between 1 and 3 natural persons.\n- Corporate purpose: must be one of those listed in the approved catalogue.\n\nWhen to choose standard formation\n\nIf your project requires bespoke articles — incorporated shareholders' agreements, multiple share classes, anti-dilution mechanisms — standard formation before a notary with custom articles is the right option. At Arboledas Notarios we advise you on which route best fits your project.