For incorporation via the CIRCE system (the fastest method, completed in 24–72 hours), you do need to open a Spanish bank account beforehand and deposit the share capital into it. This is because the CIRCE process requires a bank certificate confirming the capital deposit.
For incorporation via the standard notarial procedure (without using CIRCE), the requirements are somewhat more flexible: a notarial declaration by the partners acknowledging their capital contribution may be sufficient.
Regarding opening a bank account as a non-resident, many Spanish banks allow this with:
- Valid passport.
- NIE.
- Proof of economic activity (employment contract, deed of business activity, etc.).
Some banks and neobanks (such as Openbank, N26 or BBVA) allow non-resident accounts to be opened entirely online.
At Notaría Online we advise you on the complete process of incorporating your SL, including the steps to open the account and deposit the share capital.