7Other alternatives for operating in Spain

7.1. Forms of business cooperation

One of the most common forms of business cooperation between companies is the joint venture (J.V.). Spanish law does not expressly regulate this mechanism, as it is an atypical contract that finds its basis in the principle of freedom of contract provided for in article 1255 of the Civil Code.

Under the current legislation, the main forms through which a joint venture may be set up between one or more parties are as follows:

1. Through a temporary business association (see section 7.2 below).
2. As an economic interest grouping (see section 7.3 below).
3. Through a silent participation agreement (see section 7.4 below).
4. By setting up a company (see section 7.5 below).