While dealing with another problem I saw that I need to classify subspaces $V$ of $\mathbb{C}^{n \times n}$ that are multiplicatively closed.
So to get an idea of the nature of the subspaces I noticed that even for $\mathbb{C}^{2 \times 2}$ the question does not have an obvious answer to me.
Clearly, the $0$ and $4$ dimensional space are closed ( under multiplication), in the one-dimensional space, the only closed one appears to be the one generated by the identity. But for $2$ or $3$ dimensional subspaces this question is really a mess (at least if you want to answer it "by hand"). So I was wondering whether there is a more abstract view on this whole topic.
Since this question is rather accessible, I suspect that it is well-studied, but I could not find the right words to get a "google-match" as the results are always messed up with scalar multiplicatively closedness.