Yes, through capitalisation of reserves. Accumulated profits in the reserves account are converted into share capital. Shareholders do not contribute new money.
Can you increase capital without new money?
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More questions about Ampliación de capital
It is the act of increasing a company's share capital through new contributions from shareholders or capitalisation of reserves. It requires a shareholders' resolution, notarial deed and Companies Registry inscription.
Costs include: notarial fees (€150-400 depending on capital), Companies Registry inscription (€100-200) and our management fee. The Capital Operations Tax (1%) was eliminated in 2010, so the increase is tax-exempt.