Where should I setup a bank account in Benidorm?

"Before retiring in Benidorm, expats should know that the city is a popular tourist destination, known for its vibrant nightlife and beautiful beaches. It's important to learn Spanish, as it is the official language, although English is widely spoken due to the high number of British tourists and expats. Expats should be aware of the cost of living, which is generally lower than in many other European countries, but can vary depending on lifestyle and location. Healthcare in Spain is of a high standard, with both public and private options available. Expats from EU countries can usually access the public healthcare system, while those from outside the EU will need private health insurance. The climate in Benidorm is typically Mediterranean, with hot summers and mild winters, which can be a significant draw for those looking to retire in a warm climate. The city is also known for its high-rise skyline, which is unique for a city of its size. Expats should also be aware of the Spanish tax system. Spain has a double taxation agreement with many countries, which means you won't be taxed twice on the same income. However, it's recommended to seek advice from a tax professional to understand your obligations. Finally, it's important to understand the process of buying property in Spain, which can be complex and requires a number of legal steps. It's recommended to hire a lawyer who is familiar with the process to ensure everything goes smoothly," said a member in Benidorm, Spain.

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With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.

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Balcells Group Lawyers

With over 40 years of professional experience, Balcells Group provides legal advice on immigration, business, real estate, and tax. They help individuals, companies, investors, students, entrepreneurs, highly-qualified professionals, digital nomads, and more, to enjoy successful law processes in Spain by guiding their clients every step of the way. They speak Spanish, English, Catalan and Russian.
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Click connect to have our partner contact you via e-mail and/or phone.