Starting business in Spain

Begin your entrepreneurial venture with confidence as we navigate the complexities of company formation in Spain. Our professional consulting services are designed to ensure your success.

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Explore the dynamic business environment of Spain. We provide a crucial insights to help you navigate this thriving market.

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Quickly and easily register your company in Spain from abroad. Dive into the dynamic business environment with ease.

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Enjoy a hassle-free banking solution designed to support your global business ambitions.

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Guiding your global business to compline with local accounting principles and Tax rules

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Registering address for your company at precious locations in Europe, creating a professional image in the customer's mind

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How to open a bank account for business in Spain?

Looking for a smart and efficient bank account solution for your company in Spain? Opening a dedicated business bank account offers significant advantages. From enjoying cost-effective solutions through waived maintenance fees and basic transaction charges to streamlining your tax obligations, a business account ensures transparent and effective financial management. Moreover, it provides crucial support for international and multi-currency operations, while also granting easy access to a range of specialized financial services. With a fast and convenient account opening process for both domestic and international businesses, establishing a business bank account in Spain is your first step towards sustainable growth and success.

List of bank supporting to open business account in Spain

1. Banco Santander

Website:

https://www.santander.com/en/home

One of Spain’s largest banks, Santander offers specialized business accounts, international transaction support, and a wide branch network for corporate clients.

2. BBVA

Website: https://www.bbva.es/en/empresas.html

Renowned for its award-winning digital banking platform, BBVA provides commission-free business accounts, English-language support, and tailored solutions for both resident and non-resident companies.

3. CaixaBank (La Caixa)

Website: https://www.caixabank.com/home_es.html

A leader in digital innovation, CaixaBank enables business account opening for foreign companies, offers electronic document signing, and supports remote onboarding in some cases.

4. Banco Sabadell

Website: https://www.bancsabadell.com/

With a strong focus on SMEs and international clients, Sabadell delivers multilingual online banking, flexible business products, and dedicated corporate services.

5. Bankinter

Website: https://www.bankinter.com

Recognized for customer satisfaction and digital services, Bankinter supports business accounts for local and international companies, with a thorough but clear application process.

6. Bnext

Website: https://www.bnext.es

These neobanks offer various features such as instant account opening, international payments, and innovative budgeting tools. They cater to different customer segments, from freelancers to travelers.

Requirements to open a business bank account in Spain

Most Spanish banks require in-person visits for company accounts, though some digital banks and EMIs allow online applications.

After opening the account, you may need to deposit the minimum share capital (e.g., €3,000 for a limited liability company) before completing business registration in Spain.

Some banks may have additional requirements based on your business structure or residency status.

Document Type

Company registration

Constituent documents

Identification/personal documents

Business information

Ownership/structure

Tax/regulatory details

Bank forms/declarations

Proof of capital/source of funds

Supporting documents (if requested)

Description/Examples

Certificate of incorporation

Articles & memorandum of association

Passports/IDs, proof of address for directors/owners

Business plan, activity description, projected turnover

Registradores de espana excerpt

NIE, CIF/NIF for the company

Application forms, KYC/AML, letter of motivation

Bank statements, contracts, investment agreements

Major contracts, client/supplier info, organization chart

Our specialists advise:

When selecting a banking solution in Spain, it is essential for businesses to assess their company size, financial requirements, transaction volume, and long-term growth objectives. Traditional banks offer comprehensive services, credit facilities, and in-depth advisory, making them ideal for established companies with complex needs and a focus on building lasting relationships. Meanwhile, digital banks and EMI providers deliver quick, flexible, and cost-effective solutions, perfectly suited for startups, SMEs, international businesses, and e-commerce ventures seeking seamless digital onboarding and multi-currency capabilities.

By separating business and personal finances, you gain clear, transparent financial management, making it easier to track performance, prepare reports, and build trust with partners and authorities. Spanish business accounts also support international and multi-currency transactions, giving your company the flexibility to trade globally and access competitive exchange rates.

If you're unsure which option is right for your business or need step-by-step assistance with the account opening process, Yan Incorporation's team is here to help. We offer tailored consultations to match your corporate structure with the most suitable banking solution in Spain or across Europe.

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