A bank account in Spain may be required by both individuals and legal entities. For example, to buy real estate in the secondary market, or if your activity is closely connected with Spain directly, and your counterparties in Spain would like to make settlements with you through the services of local banks. To conduct such a transaction, you need to open an account in Spain, without this, a payment for the house, apartment, the commercial facility is impossible to make. Payment of taxes and utility bills is carried out only through the bank. To register a company and start your own business, you also need to open a special account. Let's talk in more detail about how to do this if you are a non-resident.

What you need to open an account

A citizen of any country has the right to open an account in Spain and receive a card from a local bank. However, to do this, some conditions must be met. A foreigner needs to come to the office of the financial organization and provide a package of documents. The list is different, depending on which bank you want to open an account with. Typically, a package includes the following papers:

  • identity card - passport or residence permit;
  • information about the applicant’s labor status - tax return, salary sheet, certificate of employment;
  • Information about the place of residence of a non-resident - an extract from the bank or a payment document on the payment of utilities.

In some cases, in order to open an account with a bank in Spain, tax registration in Spain will be required.

Is it possible to register an account remotely?

In Spain, you can register an account online. However, there are some peculiarities. The procedure still implies the need to visit a bank branch in order to identify a person. In addition, the translation of forms on websites into English is not always correct, therefore it is better to entrust this procedure to specialists.

Law company Law&Trust offers services for individuals and legal entities who need to open a personal account in the country. Our lawyers will tell you in detail how to open a bank account in Spain, and what is needed for this. Law & Trust specialists will open an account in any bank in the country.