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The 2 Types of Directors in a Spanish Company
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Whenever we start a company in Spain, there is the requirement to determine who the director of the firm will be. And, here, there are two options available.
First of all, we find the corporate director (director mercantil). He doesn’t need to have a salary or a work permit, and once a year he needs to sign the annual accounting of the company.
Having this type of director means that you will also need to have one worker under your structure, as legislation requires.
But what many companies do is to have one director with corporate and working functions altogether, so the need to have an employee is eliminated.
First of all, we find the corporate director (director mercantil). He doesn’t need to have a salary or a work permit, and once a year he needs to sign the annual accounting of the company.
Having this type of director means that you will also need to have one worker under your structure, as legislation requires.
But what many companies do is to have one director with corporate and working functions altogether, so the need to have an employee is eliminated.
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