{"id":34416,"date":"2023-04-28T10:52:57","date_gmt":"2023-04-28T08:52:57","guid":{"rendered":"https:\/\/www.cbleon-abogados.com\/what-are-economic-interest-groupings\/"},"modified":"2023-04-28T10:52:59","modified_gmt":"2023-04-28T08:52:59","slug":"what-are-economic-interest-groupings","status":"publish","type":"post","link":"https:\/\/cbleon-abogados.com\/en\/what-are-economic-interest-groupings\/","title":{"rendered":"What are economic interest groupings?"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>Have you ever heard of economic interest groupings? As time goes on, business people and professionals are hearing more about them. However, it is still an unknown term for many people and therefore they do not know how they work.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>These groups are in charge of watching over their members and improving the results of the activities they are developing<\/strong>. However, there is much more behind this relatively new term, so let&#8217;s talk in more detail about these groups.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Tabla de Contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/cbleon-abogados.com\/en\/what-are-economic-interest-groupings\/#How_can_we_define_economic_interest_groupings\" >How can we define economic interest groupings?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/cbleon-abogados.com\/en\/what-are-economic-interest-groupings\/#How_do_EIGs_work\" >How do EIGs work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/cbleon-abogados.com\/en\/what-are-economic-interest-groupings\/#How_can_EIGs_be_created\" >How can EIGs be created?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/cbleon-abogados.com\/en\/what-are-economic-interest-groupings\/#How_are_decisions_made_in_these_groupings\" >How are decisions made in these groupings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/cbleon-abogados.com\/en\/what-are-economic-interest-groupings\/#Are_there_EIGs_in_Spain\" >Are there EIGs in Spain?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/cbleon-abogados.com\/en\/what-are-economic-interest-groupings\/#Do_groupings_have_limits\" >Do groupings have limits?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_can_we_define_economic_interest_groupings\"><\/span>\n<span style=\"color: #000000;\"><strong>How can we define economic interest groupings?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\"><strong>Simply put, economic interest groupings are business entities. These are known by the acronym AIE and, as we have already mentioned, their objective is to facilitate or improve the development of the economic activities of each partner. However, all this is done on a not-for-profit basis.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">This means that the benefits they may obtain will not be accounted for in the company. Furthermore, these groupings are limited to a single ancillary economic activity, the one carried out by their members.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_EIGs_work\"><\/span>\n<span style=\"color: #000000;\"><strong>How do EIGs work?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\"><strong>Although they are not for profit, EIGs have their own legal personality. With this in mind, these groups cannot hold shares in the companies in which they are members. In addition, they cannot control or direct the economic activities of their partners.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">That said, EIGs may be formed by legal entities or individuals involved in agricultural, entrepreneurial or artisanal activities. However, non-profit institutions engaged in research and people with liberal professions may also be in it.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_EIGs_be_created\"><\/span>\n<span style=\"color: #000000;\"><strong>How can EIGs be created?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">In legal terms, in order to form an AEI there must be at least two partners. As for the capital they must contribute, the law does not specify a minimum amount, so this is taken into account at the time of creation.<\/span><\/p>\n<p><span style=\"color: #000000;\">Since it is a partnership, agreements must be established at a meeting where the partners are present. However, it is also valid to determine some agreements through correspondence. However, it is very important that written records of the consultations and the votes of the members be kept by whatever means.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_are_decisions_made_in_these_groupings\"><\/span>\n<span style=\"color: #000000;\"><strong>How are decisions made in these groupings?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">It is essential that, at the moment of making a decision, no matter how small, the agreement be unanimous. However, if the incorporation agreements state that they may adopt other forms of decision-making, then they may proceed.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>It is also very important that the deeds reflect the purposes of the grouping, as well as the votes of each member. Likewise, the necessary requirements must be established if new agreements are to be adopted and about the financing that the IEA will have.<\/strong><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_there_EIGs_in_Spain\"><\/span>\n<span style=\"color: #000000;\"><strong>Are there EIGs in Spain?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-34411 size-full\" src=\"https:\/\/www.cblspanishlawyers.com\/wp-content\/uploads\/2023\/04\/AIE-en-Espana.jpg\" alt=\"IEA in Spain\" width=\"2000\" height=\"1333\" srcset=\"https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/04\/AIE-en-Espana.jpg 2000w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/04\/AIE-en-Espana-300x200.jpg 300w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/04\/AIE-en-Espana-1024x682.jpg 1024w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/04\/AIE-en-Espana-768x512.jpg 768w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/04\/AIE-en-Espana-1536x1024.jpg 1536w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/04\/AIE-en-Espana-370x247.jpg 370w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/04\/AIE-en-Espana-760x507.jpg 760w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\" \/><\/span><br \/>\n<span style=\"color: #000000;\">The answer is yes, only that they are called European Economic Interest Groupings (EEIGs). These are regulated by the EU and its Regulation, and it is established that they must favor the development of the entities belonging to the EU. How can they take care of this? With the cooperation between entities.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_groupings_have_limits\"><\/span>\n<span style=\"color: #000000;\"><strong>Do groupings have limits?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">Of course, these groupings have their limits, such as, for example, the aforementioned limitation of not being able to control or direct the economic activities of the members. Nor can they take part in a company that is a member of the association.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>EIGs may not employ more than 500 employees or be part of a loan to managers of other companies. Nor should the group be used in any type of transfer of assets between an officer and the company.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">The term EIG can raise many doubts, and with good reason. Therefore, it is very important to have professionals who are knowledgeable on the subject; if you are interested in creating an EIG, consult with experts to avoid misunderstandings and various legal problems.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have you ever heard of economic interest groupings? As time goes on, business people and professionals are hearing more about them. However, it is still an unknown term for many people and therefore they do not know how they work. These groups are in charge of watching over their members and improving the results of the activities they are developing.&hellip;<\/p>\n","protected":false},"author":5,"featured_media":34410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_joinchat":[],"footnotes":""},"categories":[170,86,101],"tags":[],"class_list":["post-34416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-commercial-law","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/34416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/comments?post=34416"}],"version-history":[{"count":0,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/34416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media\/34410"}],"wp:attachment":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media?parent=34416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/categories?post=34416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/tags?post=34416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}