General Information

Altios International, Business France or the French-Spanish Chamber of Commerce and Industry can help you research the Spanish market for sales potential of any type of product.

The schedule of a working day in Spain is as follows: the morning generally starts at 09:00 and ends at 14:00, and the afternoon starts between 15:30 and 16:00, ending at 18:00. This must be taken into account for any contact with a Spanish business.

Means of Payment & Banking Specificities

Spanish banking law is similar to that of France. However, there are specific differences in relation to certain payment methods: cheques are never used in commercial transactions and SEPA direct debits or due date direct debits are widespread. Otherwise, you will find paper instruments (promissory note or “pagares”, or a bill of exchange) to which recourse under a bill of exchange, transfers or confirming, etc. are attached.

Another significant difference is the fact that all financing must be signed in front of a notary.

Moreover, the creation of a subsidiary ex nihilo requires the use of a consulting firm to guide the company through the Spanish administration. Here again, ALTIOS Spain can also take care of your non-banking needs (legal, tax and accounting).