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Set up a Financial Company in Spain

Set up a Financial Company in Spain

Starting with 2008, the regulations applicable to the financial sector in Spain have been constantly modified, as a direct consequence of the economic crisis that hit the European countries. At the moment, the Spanish regulations available for financial companies are divided based on specific sectors and the investors who want to open a company in Spain in the financial sector will need to follow the incorporation procedures prescribed for their chosen field of activity. Our team of specialists in company formation in Spain can offer in-depth assistance on the structure of the legislative framework available for this economic field. 

Regulatory framework for Spanish financial companies  

Given the fact that the regulatory framework is divided on specific financial activities, investors interested in starting the procedure of company formation in Spain are required to respect the provisions prescribed by specific local institutions. 

The financial system in Spain is divided on three main categories, as follows:

The main supervisory authority for banking institutions is the European Central Bank (ECB), following the introduction into the national legislation of the Eurozone Single Supervisory System (SSM). However, the main legal procedures for the supervisory activity in the field still belong to the local bank, the Bank of Spain

ECB is in charge with licensing banking companies in Spain and with prudential supervision. Investors who want to set up a banking company in this country are invited to address to our team of agents in company registration in Spain for further assistance on the requirements established in this sense.

Types of financial companies in Spain 

The financial sector in Spain is also regulated by the National Securities Market Commission (CNMV), established under the Securities Market Law 24/1988. The procedure on company registration in Spain stipulates a wide range of financial companies, which are available for foreign investors as well: 

  • savings banks;
  • cooperative banks;
  • private banks;
  • finance houses;
  • branches of foreign banks (registered in or outside the European Union);
  • investment funds;
  • investment companies
  • stock broker companies

Foreign businessmen may find out further information on the financial system available in this country from our team of consultants in company formation in Spain. Please contact our experts for professional consultancy services.