FINANCIAL MONITORING IN SPAIN
According to the legislation in force in Spain, credit organizations are obliged to send monthly to the Central Bank of Spain information on transactions, regarding which there are reasons to believe that they are related to the legalization (laundering) of criminal proceeds.
in Spain, the Financial Department of the Civil Guard, the General Directorate of the Financial and Tax Inspection, and the Central National Bureau under the General Secretariat of the Criminal Police are engaged in activities aimed at combating the legalization (laundering) of criminal proceeds.
This list is sent to the Spanish Association of Banks and the Spanish Confederation of Savings Banks for use in work, and includes, in particular, such features as:
- repeated operations of individuals and legal entities regarding making deposits to their accounts and withdrawing cash amounts exceeding the equivalent of 8,000 dollars USA;
- receipt by individuals and legal entities of bank checks and promissory notes for monetary amounts exceeding the equivalent of 8,000 dollars. USA for the operation;
- repeated exchange by individuals and legal entities of small currency notes for high-value bills;
- repeated exchange of large sums in national currency for foreign currency and vice versa;
- transfer of large sums of money to countries with a favorable tax regime through small or little-known banks.
A bank lawyer in Spain is one of our main job profiles. Our bank lawyer will advise you on the following issues
- How much money can be deposited in a bank in Spain?
- What to do when the bank requested documents about the origin of funds?
- What documents confirm the origin of funds?
- Where to get documents confirming the origin of funds?
- What to do if there are not enough documents about the origin of the funds?
- How to withdraw (return) blocked funds in a Polish bank?
- How to close a bank account?
- How to legally bypass financial monitoring in Spain?
- What to do if there is no source of funds?
- How to pass financial monitoring in a Spanish bank?
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Spain?
3 question
Do you have funds in cash in Ukraine?
4 question
Do you have funds in cash in Spain?
5 question
Do you have funds in bank accounts in Ukraine?
6 question
Do you have funds in bank accounts in Spain?
7 question
Do you have documents that confirm the origin of the funds?
8 question
Is the investment amount more than 500,000 euros?
9 question
Do you need a consultation urgently?
Can a non-resident register a company in Spain?
Yes. A foreigner may be a founder and administrator of a Spanish SL. Identification documents must be prepared, the required Spanish tax or personal identification numbers obtained, and notarial, corporate and banking checks completed.
Can an SL be opened remotely?
In many cases, the main part of the procedure can be completed through a representative acting under a notarised power of attorney. However, the procedure for obtaining an NIE, executing the power of attorney, bank identification and signing documents depends on citizenship, structure and the requirements of the particular institutions.
Is an NIE mandatory?
A foreign individual who participates in notarial incorporation, becomes a shareholder or administrator of the company usually requires an NIE. For foreign legal entities, a Spanish tax identification number is obtained and a separate package of corporate documents is prepared.
What is the current minimum share capital for an LLC (SL)?
The “Crea y Crece” law allows a company (SL) to be registered with share capital from €1. However, the company will be required to allocate 20% of its annual profit to the legal reserve until the combined amount of share capital and reserve reaches €3,000.
Can every startup pay 15% for four years?
No. The extended regime for empresas emergentes requires ENISA certification and compliance with requirements concerning innovation, scalability, age, turnover, structure and presence in Spain. Without such certification, the general rules for newly established companies apply.
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