imagin account

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Practical guide for
foreigners in Spain

Find out about all the steps to make your relocation easier and smoother.

Learn about the essential procedures

Start your new life in Spain with a guide to the basic steps you should follow to settle in. Information may vary depending on your personal situation, so we encourage you to do further research or seek professional advice to confirm your procedures. 

Diagram of the steps to settle in Spain: 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

* 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.

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

1. Apply for your residence permit

If you're not a European Union citizen, you need a visa to live or work legally in Spain. There are several types depending on the reason for your stay (study, work or residency), and each has its own requirements and procedures which you have to complete before moving. 

2. Renting a home

Finding somewhere to live is one of the first things you'll need to do when you arrive in Spain in order to legally register (empadronarse) with your local council.

Rental prices vary depending on the city and whether you share a flat or not. For example:

  • In large cities like Madrid or Barcelona, a small flat can cost between €660 and €880 per month.  
  • However, in smaller cities like Valencia or Seville it drops to around €500. 
  • If you choose to share a flat, which is a cheaper option, you can find rooms for €300-400 per month. 

3. Register with your local council

Registering with your local council is a mandatory step for accessing services such as public healthcare and completing other official procedures

To do it, you just need: 

  • An identity document
  • A rental contract or a bill (electricity, water, internet, etc.) confirming your address. 

4. Registering with Social Security

This procedure is mandatory to work, use public healthcare and get other benefits

To do this you must be legally resident in Spain and have a NIE (Foreigner Identification Number). 

You can apply: 

  • Online, if you have a digital certificate linked to your NIE or access via Cl@ve. 
  • In person at a General Treasury of Social Security office, bringing: your passport or NIE, a filled-in TA.1 form and a document from your company (if you are an employee). 

In this process you will get your Social Security number. If you're going to work, you will also receive a membership number which is mandatory for contributions. 

5. Apply for your NIE, your Spanish identity document

The NIE (Foreigner Identification Number) is a unique number which identifies you to public institutions and is mandatory for almost any procedure in Spain: opening a bank account, working or paying taxes.

There are 3 types of NIE: for residents (EU citizens), for non-residents (for temporary stays) and temporary, valid for 3 months for specific procedures.

To apply for it you will need the following documents: form EX-15, form 790 with the fee paid, your passport, your registration with your local council, proof of your reason for applying and your fingerprints.

You can apply: 

  • At an Immigration Office by appointment, if you are an EU citizen.
  • At the Spanish consulate, or if you are already in Spain by providing proof of your entry, if you are not an EU citizen.

6. Get your TIE, your physical residence card

The TIE (Foreigner Identification Card) certifies that you can legally reside in Spain for more than six months. It is a physical card bearing your photo, personal information, type of residence and your NIE. It has an expiry date so you have to renew it every so often.  

To apply for it: 

  • You have to go in person to the Immigration Office or Police Station in the province where you live. 
  • You will need the following documents: the completed EX-17 form, your passport, a recent photograph, visa, the decision to grant the authorisation, proof of payment of fees and accreditation of Social Security registration or affiliation. 

7. Register if you are self-employed

To be self-employed in Spain, you need to meet certain requirements

  • Have a residence and work permit that allows you to work as a self-employed individual. 
  • Be legally resident in the country (not in an irregular situation). 
  • Have no criminal record
  • Prove that you have sufficient financial resources to start your business. 

You will also have a number of legal and tax obligations

  • Register as self-employed, which involves registering for Economic Activities Tax (IAE), joining the Special Scheme for Self-employed Workers (RETA) and submitting form 037 to the Tax Agency. 
  • Pay a monthly Social Security contribution, which varies according to your turnover. 
  • Issue invoices correctly, including: identification number, date, NIE, description of the service, VAT and personal income tax. 
  • Deregister when you finish your activity by submitting form TA.0521 to Social Security. 

Bear in mind that although being self-employed involves less bureaucracy than other legal forms, it also carries more risks and you will be liable for any debts or financial problems with your own assets

Get ready for your life in Spain

Find out about the cost of living

Living in Spain is more affordable than in other European countries, but we still recommend planning ahead because monthly expenses can vary depending on the city.

In general, a person can live on between €820 and €1,100 per month: 

  • Food: a weekly shopping basket costs about €50 (€200 per month) and bread 50 cents, milk 78 cents and beef €10.40 per kg. 
  • Transport: in Madrid, the bus costs €1.50, in Barcelona €2.40. However, with monthly travel cards, you can save on your journeys. 
  • Services and leisure: a mobile phone costs between €15-20 per month, a gym between €30-40, and electricity, water and internet around €100. 

To ensure your finances are in order, you can follow the 50-30-20 rule to manage your money and harness digital tools to track your spending. 
 

And the most important taxes

If you're going to work or run a business in Spain, you'll have to pay taxes. So understanding these taxes properly will help you plan your finances and avoid unpleasant surprises with the Tax Agency.

Some of the most common are:

  • IRPF (Personal Income Tax): tax on your income if you earn more than €22,000 per year.
  • IVA (VAT): it is levied on almost all goods and services.
  • Self-employed contributions if you are self-employed.
  • Road Tax (IVTM)
  • Buying a property

There are also rules for cryptocurrencies and NFTs and you can apply deductions based on your situation.

Find out about employment contracts

There are several types of contracts in Spain and being familiar with them will help you make more informed employment choices:

  • Permanent contracts (full-time, part-time or permanent intermittent): they have no completion date and offer job stability.
  • Temporary contracts (interim, project- or service-based, or internship): these have an end date and are used to meet specific needs.

Before signing, check the type of contract, its length, the trial period and job details and find out about your employment rights. 

Get started with the online bank account for foreigners

An account to make your arrival easier!

No opening or maintenance fees , no interest (0% AER and 0% NIR) and 100% online, so you can manage everything from the imagin app wherever you are.

Receive or send money instantly via Bizum to any other Bizum user. If they're not on Bizum yet, they will receive an SMS to sign up.

Pay with your imagin debit card in any currency in the world, with no issuance or maintenance fees. And with the peace of mind of CaixaBank's protection.

Direct deposit your salary and pay your bills automatically.

Withdraw cash on debit with no fees at over 11,000 CaixaBank ATMs in Spain and access all its branches.

Get information in 3 languages: English, Spanish or Catalan.

Open your online account for foreigners in 3 steps

1

Download the imagin app and create your username.

2

Identity yourself with your ID document. 

3

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

Your new fee-free account is now active and ready to be used.

See more information on your account in these documents:

PdfFee Information Document PdfFee Information Document PdfPre-contractual information PdfPre-contractual information
Open account Open account

And you can receive up to â‚¬750

Do you want to know how? Very easy!

  • Up to €250 for switching your salary.

  • And up to €500 more for inviting 10 friends (€50 for each friend who opens an account).Get all the details in the FAQ.

FAQs about the online account for foreigners

Does the fee-free account pay interest?

No. The imagin online account does not pay interest (0% AER, 0% NIR).

What entity manages the fee-free account?

The imagin account is managed by imaginersGen S.A., which is an agent of CaixaBank, S.A. Its registered office is at Calle Pintor Sorolla, 2-4, 46002 Valencia, and its Tax ID is A08663619. It is listed in the Mercantile Register of Valencia (Volume 10370, Sheet 1, Page V-178351), and in the Special Administrative Register of the Bank of Spain under number 2100. 

Who manages imagin's credit and debit cards? 

The credit and debit cards of imagin are offered by CaixaBank Payments & Consumer, E.F.C., E.P., S.A.U. (CPC), a hybrid payment entity with registered office at Avenida de Manoteras n.Âş 20, Edificio ParĂ­s, 28050 Madrid. CPC markets these products through CaixaBank S. A., and imagin is a trade name of imaginersGen S.A., an agent of CaixaBank. 

The system chosen to protect the funds of payment service users is to deposit them in a separate account opened with CaixaBank. The granting of credit cards subject to approval by CPC. The prices of the most common banking services (Annex 1) can be viewed at: www.caixabank.es/tariffs .

What are the benefits of CaixaBank protection in imagin cards?

For example, you can ask for a refund for purchases and transactions you do not recognise within 13 months following the transaction date.

What is Bizum and how can I use it?

Bizum is a service that lets you send and receive money instantly between individuals, quickly and easily, just like sending a message.

With Bizum you can:

  • Send and receive money directly in your bank account.
  • Ask your contacts for money on your mobile.
  • Make secure, fee-free payments.

You can do all this with just the other person’s mobile number; you don't have to know their bank account number.

To use it, both you and the other person must be registered with Bizum. If the other person isn't registered yet, they’ll receive an SMS with a simple link to sign up when you send them a request.

What conditions must be met to receive the incentive for direct depositing a salary with imagin?

To be eligible for this offer, you must direct deposit your salary and it must be clearly identified as such; normal transfers do not count as salary payments for the purposes of this campaign.

The promotion is valid throughout Spain and depends on the amount you receive each month: 

  • You will receive €150 net if you have a salary of between €900 and €1,499.99 paid into an account opened with imaginBank, with a 48-month commitment.
  • You will receive €250 net if you have a salary of €1,500 or more paid in, also with a 48-month commitment.

The incentive paid to you counts as income and may affect your income tax return, depending on current tax regulations. 

This offer cannot be combined with other promotions for income direct deposit (salary, self-employed income or pensions) that you have taken advantage of since 1 January 2022, nor with salaries already paid into another CaixaBank account. 

More information at www.imagin.com.

What conditions do I have to meet to receive the incentive for inviting friends to imagin?

You can invite up to 10 friends to sign up as customers with your "friend code", which you will find in the imagin app.
The people you invite have to:

  • Download the Imagin app
  • Enter your friend code during the customer registration process
  • Deposit at least €50 into their account
  • Make at least three card transactions
  • Activate Bizum

If your friends meet these conditions, you will receive €50 for each of them, so you can receive up to €500 if you invite 10 friends. In addition, the invited person will receive a €50 voucher for the Shop Facilitea.

How long is my "friend code" good for?

Your code doesn't expire, so you can use it whenever you want.

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