Our audit and corporate restructuring department advises companies on statutory audit requirements, annual accounts compliance, and the restructuring tools currently available under Spanish law.
Under the Spanish Audit Law, an audit consists of reviewing and verifying annual accounts or other financial statements in order to issue a report on their reliability for third parties.
In parallel, the current consolidated Insolvency Act, as reformed by
Law 16/2022 gives businesses access to restructuring plans and, where applicable, a special procedure for microenterprises.
A company is generally exempt from a statutory audit only if, for two consecutive years, it meets at least two of the legal size limits recognised by ICAC guidance on audit thresholds.
The special procedure for microenterprises applies where the debtor had an average of fewer than 10 employees in the previous year, as set out in Article 685 introduced by Law 16/2022.
Auditors and audit firms in Spain are registered through the
Official Register of Auditors (ROAC), managed by the ICAC.
Review whether your company is legally required to undergo a statutory audit.
Preparing annual accounts and supporting documentation for audit and filing purposes.
Advising directors and shareholders on restructuring options before insolvency becomes critical.
Assessing whether a restructuring plan or a formal insolvency route is the most suitable legal path.
Analysing whether the special microenterprise procedure may apply based on the company’s size.
For businesses expanding or reorganising in Spain, this area often overlaps with wider strategic issues such as corporate tax in Spain, choosing the right legal structure for a startup in Spain, planning for investing in Spain, or reviewing international contracts in Spain.
Our audit services are designed to deliver clear, strategic value at every stage.
We work closely with each client to assess their situation, identify the most effective solutions, and implement them in a way that protects their interests and supports long-term success.
Where appropriate, we can also structure our audit engagement on a success-based fee model, aligning our objectives directly with the results we achieve for you.
An ideal location
Valencia is the third largest city in Spain, after Madrid and Barcelona, so choosing this city for a property investment is a strategic choice. Both for its tourist attractions and for its architecture. Therefore, it’s not only an opportunity to rent but also to buy a second home.
Legal compliance:
At Delaguia & Luzon, our experienced solicitors and legal advisors are at your disposal, whether you are looking for a foreign investment in Spain, a Spanish investment abroad or properties in Spain.
Property acquisitions are carried out in compliance with the current legislation on urban planning contracts and taxation. It is also our responsibility to anticipate any issues that may arise.
Therefore we advise you on the following procedures before an acquisition:
This list is not exhaustive; we tailor the legal checks and procedures to your property and personal situation.
Anticipate the possible issues:
Our work is based on adaptability, whether problems are unpredictable or predictable.
Thus, during the 2020 pandemic, we were able to very quickly deal with the issue of applying the “rebus sic stantibus” clause to leases in an exceptional context.
Likewise, we can confirm that the foreseeable issues posed by a property project are already being taken into consideration by our team. They will be dealt with just as quickly as unforeseen problems.
From the creation of leases to litigation:
If you plan to rent your property, it is important to know that, contrary to what is believed, it is not easy to draft a legal contract.
The drafting of such a document requires technical expertise, both in terms of law enforcement and judicial interpretation. Thanks to more than 25 years of experience, each solicitor has sufficient knowledge to deal with misinterpretations or abuses by the judge or the other party.
The services we offer are designed to provide comprehensive support, from A to Z.
After purchasing a property, we offer the following services:
In cases of insolvency, and collaboration with our legal department:
In France and all European Union countries, it is common to use the horizontal co-ownership scheme. In Spain, however, buildings are subject to vertical co-ownership.
In our law firm, we will offer you all our advice in this area, as well as the possibility of acting on your behalf in meetings if necessary.
Naturally, we are prepared to defend your interests in the event of litigation.
Do not hesitate to contact Félix de la Guía if you have any questions in this area.
