Bank account assistance in Spain

A Spanish company needs a bank account to hold its share capital before incorporation and to run the business afterwards. Banks ask for identity documents, proof of address and an explanation of the activity, and they apply anti-money-laundering checks that take longer when the owners live abroad. Firms that offer this service prepare the file, introduce you to a branch and answer the bank’s questions.

Ask which banks the firm works with, whether you must visit in person, what happens if an application is declined and whether the help is included in a formation package or priced separately. A firm should not promise approval, since the decision belongs to the bank.

52 firms list bank account assistance for Spain: 29 accounting firms, 14 law firms and 9 corporate services providers, a larger share of law firms and corporate providers than for most services. English is offered by 39, French by 17 and Italian by 7. Real estate is named by 22 firms. If you are still choosing the company type, begin with the Spain guide or see company formation in Spain.