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Bank account for
foreign nationals

What do you need to come and live in Spain?

A guide to emigrating to Spain: Procedures, steps and some things you need to know.

What procedures should you complete
when you reach Spain?

Spain is famous for its quality of life, climate and culture, making it a very attractive destination. If you are thinking about moving, it is important to know the necessary requirements and procedures. The process is completely viable, but it requires some bureaucratic management. Here, we explain everything you need to know so that your arrival is as simple as possible.

Trámites Cuenta bancaria extranjeros imagin

* The above information is only a guide. The procedures may vary depending on your personal situation, so it is essential that you do your own research or look for professional advice where necessary.

imagin

What procedures should you complete
when you reach Spain?

Spain is famous for its quality of life, climate and culture, making it a very attractive destination. If you are thinking about moving, it is important to know the necessary requirements and procedures. The process is completely viable, but it requires some bureaucratic management. Here, we explain everything you need to know so that your arrival is as simple as possible.

* The information is only a guide. The procedures may vary depending on your personal situation, so it is essential that you do your own research or look for professional advice where necessary.

1. Applying for a residence permit.

2. Renting a property.

3. Register at a property.

4. Register with Social Security.

5. Process the NIE and get the TIE.

6. Register as a freelance if you are going to work as a freelance.

7. Welcome

Applying for a visa

Before moving to Spain, you will need to make sure that you have the right visa, unless you are a European Union citizen. There are different types of visas depending on the reason for your stay: Student, work or residence. Each has specific requirements and procedures that you must complete before your arrival. Without this document, you will not be able to live or work legally in Spain.

Renting a home

One of the most important aspects when moving to Spain is finding a place to live. The rental price varies depending on the city: In Madrid and Barcelona, a small flat can cost between 660 and 880 euros a month, while in cities such as Valencia or Seville the price drops to around 500 euros. There is also the option of sharing an apartment, which significantly reduces costs, with rooms available for around 300-400 euros a month.

Register at your town hall

Once you have a residence in Spain, you must register with the town hall. This registration is essential for accessing services such as public health and for carrying out other administrative procedures. You need only submit an identity document and a rental contract or a service invoice that proves your residence.

Registering with Social Security

If you are a foreigner and want to register with the Social Security Institute in Spain, you must legally reside and have an NIE (Foreigner Identity Number). To carry out the online procedure, you need a digital certificate linked to your NIE or access via Cl@ve. You can also do so in person at the General Treasury of Social Security by showing your passport or NIE, and submitting form TA.1, and, if you work as an employee, a document from your company.

This process will allow you to obtain a Social Security number, which is necessary to access benefits and healthcare. If you are going to work, you will also receive a membership number, which is mandatory for contributions.

Applying for an NIE

The NIE (Foreigner Identity Number) is essential for any procedure in Spain, such as opening a bank account, working or paying taxes. It is a unique and non-transferable number that identifies foreigners before public institutions.

EU citizens can request it at a police station specialising in immigration documentation with an appointment, while non-EU citizens must apply for one at a consulate or, if they are already in Spain, justify their entry. Form EX-15, form 790 with the fee paid, passport, residence, justification of the reason and fingerprints is required.

It should not be confused with the TIE, which is the physical residence card. There is the NIE for residents (EU citizens), the NIE for non-residents (for temporary stays) and the temporary NIE (valid for three months for specific procedures).

Applying for a TIE

The Foreigner Identity Card (TIE) is a unique and exclusive, personal and non-transferable document that accredits the legal permanence of foreigners in Spain, their identity, and that they have been authorised or granted the right to remain in Spain for more than six months in accordance with current regulations. It contains a photograph, personal details, type of residence and the Foreigner Identification Number (NIE). Unlike an NIE, which is just an identification number, the TIE is a physical card that has an expiry date and must be renewed.

The application for the Foreigner Identity Card will be filed personally abroad with the National Police Documentation Unit, located at the Foreign Office or the Police Station of the province where the foreign national is residing. The application must be made using the official form (EX-17), duly completed, together with the following documentation: passport, recent photograph, visa, decision to grant the authorisation, proof of payment of the corresponding fees and accreditation of Social Security affiliation and/or registration.

Determine the cost of living

Living in Spain is more affordable than in other European countries, but it is worth planning. Budgets vary depending on the city, but €820-1100 per month can cover a person's living expenses.

  • Food: A week's shopping costs around €50 (€200 a month). Basic products: bread (€0.50), milk (€0.78), beef (€10.40/kg).
  • Transport: In Madrid, the bus costs €1.50, in Barcelona €2.40. Monthly payments reduce costs.
  • Services and leisure: Mobile (€15-€20), gym (€30-€40), electricity, water and Internet (€100).

To optimize your finances, follow Rule 50-30-20 and use an account with digital tools. With good planning, you will really enjoy your new life in Spain.

Being self-employed

If you want to be self-employed in Spain, you will need to carry out specific procedures, especially if you are a foreigner. To do this, it is essential to have a residence and work permit that authorises you to be self-employed. You must also meet requirements such as not being in an irregular situation, not having a criminal record and demonstrating sufficient financial resources. Registering as self-employed means registering for Economic Activities Tax (IAE), joining the Special Regime for Self-employed Workers (RETA) and filing form 037 with the Tax Agency. You must also pay a monthly payment to the Social Security Institute, which varies according to your turnover.

Being self-employed has advantages, such as flexibility and less bureaucracy than other business forms, but it also involves risks, since all your assets are liable for debts, and you must pay all your own expenses. When issuing invoices, it is mandatory to include data such as identification number, date, NIF, service description, VAT and Personal Income Tax. To cancel your registration, simply file form TA.0521 with the Social Security Institute.

Taxes

If you are thinking about going to Spain or becoming self-employed, it is essential to know the tax system. Depending on your situation, you must pay different taxes, such as Personal Income Tax, VAT, self-employment contributions and other specific taxes.

Personal Income Tax is a progressive income tax, which is mandatory if your income exceeds €22,000 gross per year. VAT, on the other hand, is an indirect tax that applies to goods and services. There are also taxes such as Traffic Tax (IVTM), for vehicles, or property purchase and sale taxes.

With regard to cryptocurrencies and NFT, the Tax Agency has already established rules to tax their profits. There are also deductions and write-offs that can reduce your tax burden, depending on your personal and family situation. Understanding these taxes will help you plan your finances better and avoid surprises with the Tax Agency.

Employment contracts

If you are looking for work in Spain, knowing the types of contract is key to making informed decisions.

  • Indefinite contracts: They have no completion date and offer job stability. There are several types, such as the full-time, part-time or fixed-discontinuous contract.
  • Temporary contracts: They are signed to cover one-off needs, such as substitution, work and service contracts and internships.
  • Key aspects before signing: Review the type of contract, duration, test period, job details and employment rights.

Each contract has advantages and disadvantages, so it is important to choose the one that best suits your situation and expectations.

Opening a bank account

If you are planning to move to Spain, opening a bank account will make life much easier for you when you are there. Although it is not an essential for day-to-day expenses, you will soon realize that it is for paying taxes and invoices, receiving your salary or buying a house

Discover our debit card and its advantages,
and get one sent to your home for free!

zero costs

issue

zero costs

maintenance

Open account Open account

How do I open an
online account with no fees?

1

Download the imagin app and create your username.

2

Verify your identity with your ID document.

3

Fill in some employment details, sign, and you're done!

Additional information on your Current account without conditions

Fee Information Document Pre-contractual information

A 100% mobile account without fees

An account with nothing but advantages! 

  • Account 1 100% online with no start-up or maintenance fees and control everything from the app.

  • Instant payments
    Make Bizum payments 2 to any bank without fees.

  • Protect your purchases with the security of CaixaBank Protect 3, which comes with your card. 

  • Card 4 with no issuance or maintenance fees. Pay without fees in any currency worldwide.

  • With the support of the CaixaBank network
    Withdraw cash on debit without fees at +11,000 ATMs and access your branch network.

  • Imagin insurance
    We take care of you and those who matter to you most.

And you can win up to €750

Do you want to know how? Very easy!

  • Bring your payroll 5 and get up to €2506

  • Invite your friends to open an imagin account and get up to €5007
    Up to 20.000 rewards.

FAQs

If you are a citizen of the European Union, you will need:

  • A physical ID card or passport from your country of origin
  • A European Union citizen registration certificate

If you are self-employed, you will need:

  • A census declaration (form 036 or 037)
  • Financial documentation (forms 303, 100/130, or 390, as applicable). Only if you have been resident for more than one year

If you are a citizen outside the European Union, you will need:

  • A TIE (residence permit)

Yes, it is possible to open an account with imagin as a foreigner in Spain. You just need to process your NIE (National Identification Number), download the imagin app, and follow the steps to register.

By opening an online bank account with imagin, you'll enjoy a fee-free account, access to more than 11,000 ATMs in Spain, and advantageous conditions for operating abroad. You don't need to direct deposit your payroll or bills to avoid fees.

Yes, you can manage your bank account from anywhere in the world through the imagin app. The app allows you to make transfers, manage your cards, and access other banking services easily and securely.

Imagin accounts do not require direct depositing your payroll or bills to avoid fees. You also have access to more than 11,000 ATMs nationwide and advantageous conditions for operating abroad.

No, the imagin bank account is fee-free. You can open your account and send and receive money without any costs.

Yes, it is possible to open a multi-holder account in imagin. All holders must be imagin customers, and there can be up to 5 people in total.

To make a transfer, go to the "Transfers" section in the app, select "New Transfer," choose the source account and destination IBAN, enter the amount and the purpose, and confirm the transaction.

From the imagin app, you can perform most banking transactions, such as sending money, managing cards, bills, sharing expenses, applying for loans, and more.

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