Spain
Banking in Spain
Spain Business Experts
Spain related forum posts
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setting up an off-shore company in Italy
Hi, I am Felix from India. I would like to set up an off-shore company in Italy. The objective of the company is to set up a Design House. What will be be process, time and cost involved in the process. What is the minimum capital investment criteria regardsFelix
Total Posts: 2 Last post by Gonzalo
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FCA consumer credit licence but working from Spain
In the coming months we are wanting to start up our own UK Limited Company offering new vans for leasing and contract hire brokerage. We realise we need an FCA licence.Our plan was to start up from home as it would be an online activity and then we are planning to emigrate in 6 months to Gran Canaria and run the business from an apartment we have there.On the FCA (financial conduct authori
Total Posts: 1 Last post by bobski007
Banking in Spain
Spain has a contemporary banking and financial industry. It has the largest number of banks in the European Union. Many of the international banks, accountants and insurance companies can be found there too.
There are two types of bank accounts for aliens: non-resident and resident. To set up a bank account, you will be required to provide the following documentation (For both residence and non-residence):
Form of ID (passport)
Then, depending on the account you are opening, residence will have to submit their residency permit, whereas non-residence will have to provide their Certificado de No Residencia or non-residence permit
If you use a foreign currency to make the initial deposit, it is recommended that you ask that it is instantly converted into Euros. Precedent implies that it may prove problematic later.
Cash machines are widely available and internet banking is gaining in popularity.
Organisations that can assist with Banking
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> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments and getting paid.
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> GCE Global Solutions
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