Your Business Account in Spain 🇪🇸

Foreign individuals have the privilege to open a bank account in Spain at a commercial bank of their preference. This opportunity extends to both those intending to reside in Spain for an extended duration and those interested in establishing a company in the country.

To open a business bank account in Spain as a foreigner, you typically need to provide the following documents: valid identification (such as a passport), proof of legal residency in Spain (residence permit or NIE), company registration documents, tax identification number (NIF), proof of address, and any additional requirements specified by the chosen bank. It is recommended to consult with the specific bank for precise documentation requirements.

Opening a business account in Spain can be a relatively straightforward process, especially if you have all the necessary documentation and meet the bank's requirements. However, the ease of opening a business account can depend on factors such as the type of business, the legal structure, and the bank's specific requirements. It's advisable to consult with the chosen bank and ensure you have all the required documents and meet their criteria to facilitate a smooth account opening process.

Yes, you will generally need to provide a physical address in Spain when opening a business bank account. The bank requires an address for correspondence and verification purposes. This address can be the registered office address of your business or your personal address if you are a sole proprietor.