
David Sherozia
CEO Laduchi Consult
We will help you pass the bank compliance for depositing funds into a Spanish account, collecting and verifying all documents before submission.
Support for foreign citizens
We assist in confirming funds for the bank when making international transfers.
Help in complex situations
We resolve non-standard financial issues and provide support in difficult situations with banks.
Comprehensive support
We provide full support, from document preparation to submission.
Required for acquiring or starting a business, purchasing real estate and other assets, and opening new opportunities for capital growth.
Needed to ensure financial stability and easy access to funds for everyday expenses.
Funds confirmation for addressing unique financial needs, such as education, medical expenses, or other essential circumstances.
Please note that a Spanish bank account is required to confirm your funds. If you don’t have one, the specialists at Laduchi Consult can help you open one for an additional fee.
1
Define the purpose of the bank compliance procedure
2
Coordinate with the bankers to determine the list of required documents
3
Collect all necessary documents and carefully verify their authenticity
4
If needed, translate the document package into Spanish and submit it to the bank
5
Monitor the timelines and stages of the application process, ensuring compliance with all administrative requirements
6
Receive approval from the bank and deposit the funds into the Spanish bank account
1
Define the purpose of the bank compliance procedure
2
Coordinate with the bankers to determine the list of required documents
3
Collect all necessary documents and carefully verify their authenticity
4
If needed, translate the document package into Spanish and submit it to the bank
5
Monitor the timelines and stages of the application process, ensuring compliance with all administrative requirements
6
Receive approval from the bank and deposit the funds into the Spanish bank account
1
Define the purpose of the bank compliance procedure
2
Coordinate with the bankers to determine the list of required documents
3
Collect all necessary documents and carefully verify their authenticity
4
If needed, translate the document package into Spanish and submit it to the bank
6
Receive approval from the bank and deposit the funds into the Spanish bank account
5
Monitor the timelines and stages of the application process, ensuring compliance with all administrative requirements
Apply, and the experts at Laduchi Consult will assist you in resolving this issue.
In our article, you will learn essential nuances of the fund's confirmation process. We will also provide a real example of how we helped a client pass compliance for over €1,000,000 across three Spanish banks.
Choosing a country for business operations or expanding your investments is a significant decision, and Spain undoubtedly offers extensive opportunities for entrepreneurs. However, you may encounter complex bureaucratic barriers on the path to success. One of them is the banking regulations and compliance.
Transferring funds from your country's bank to a Spanish bank may seem like a simple financial transaction, but the bank's compliance departments carefully monitor each transaction. When considering new clients, even before opening an account, the bank carries out your verification, ensuring the legality of activities and preventing fraud. Throughout the collaboration, the compliance department also closely monitors all client dealings and requests additional documents in case of suspicious transactions.
Lack of knowledge or incorrect application of banking compliance rules can result in your funds being temporarily blocked and your business being at risk. For example, if you overlook restrictions on international transfers or fail to provide the necessary documents, a routine transaction may be deemed a suspicious operation.
Thanks to long-term partnerships with leading banks in Spain, Laduchi Consult experts will assist you in assembling the necessary documentation and quickly obtaining a favorable decision from the bank. With us, you can be confident that every step we take is made with an understanding of the intricacies of the compliance procedure and in your best interest.
In entrepreneurship, there are more hidden "pitfalls" than may initially appear, especially regarding international operations and regulations of different countries. With Spain's clever economy and favorable investment climate, banking compliance is one of the main challenges for business immigrants.
Here are situations where you must undergo the banking compliance procedure:
Opening or unblocking an account
When planning to conduct business in Spain, the first step is to open an account for your company. However, a lack of local requirements can prolong this process or temporarily block your already active account.
Buying or selling a business or property
If you plan to acquire a company or real estate, banks will require confirmation of the legality of your funds. Without the proper documentation confirming the origin of the money, the transaction might come to a halt, and the bank might temporarily block your accounts.
Banking financing
To secure a loan from a Spanish bank, you must provide evidence of financial stability and the legality of income sources. Adhering to banking compliance expedites the review process and increases the likelihood of the bank approving your application.
International transfers
Before investing in Spain or transferring large sums to a local account, including funds from clients or partners abroad, you need to provide the bank with documents confirming the legality of these funds. This may include contracts, bank statements, or other official papers. Such documentation is necessary for the bank to avoid blocking or delaying the transaction.
We understand the process of undergoing banking compliance and know how to make your business successful and systematic, minimizing risks and bureaucratic difficulties. Turning to Laduchi Consult, you get a reliable partner ready to make your transition to the Spanish market as smooth and profitable as possible.
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CEO Laduchi Consult
Chief Operating Officer
Financier
CEO Laduchi Consult
Chief Operating Officer
Financier