It is necessary to open a bank account in Spain if you plan to reside in the country for several months of the year. This is even more important if you are buying a property or starting a company in Spain, as apart from paying the property transaction, you will also need a bank account to contract utilities, such as electricity, water and gas for the residence. Other advantages of having a Spanish bank account include access to mortgages and loans. NON-RESIDENT AND RESIDENT B

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