What you are really buying
In a share deal you inherit the company's full history, including liabilities not on the balance sheet.
Buyers of Spanish businesses are most often caught by three things: employee liabilities, tax history and undocumented arrangements with related parties.
In a share deal you inherit the company's full history, including liabilities not on the balance sheet.
Employment, tax, contracts with change-of-control clauses, licences and related-party arrangements.
Locked box or completion accounts, escrow, retention and earn-out design.
If the acquisition is also your route to living in Spain, the immigration analysis runs in parallel.
A confidential consultation with a Spanish-qualified, English-speaking lawyer — in person in Madrid or by video.