Spanish corporate law doesn't actually require board meetings to be in Spain
- Rolf Silver
- Oct 27
- 1 min read
I spent 90 minutes yesterday reviewing a client's Spanish entity documents with their UK legal team on the call.
Halfway through, their general counsel said something that stopped me:
'Wait, so Spanish corporate law doesn't actually require board meetings to be in Spain?'
She'd been flying directors to Madrid quarterly for two years because their formation lawyer had told them it was mandatory.
It wasn't.
What Spain actually requires is substance, not theatre.
Physical board meetings can demonstrate substance, but they're not the legal requirement most international teams think they are.
The costly part isn't getting the law wrong, it's never questioning the assumptions you built your entire operating model around. That quarterly flight budget?
They'd rather have spent it on proper transfer pricing documentation.
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