Non resident certificate. What banks do
Friday, September 12, 2008 @ 12:50 PM
I have been checking today on the way some Banks operate regarding this Non Resident Certificate.
This is how I can conclude:
As they need to renew ( for fiscal control purposes) the Non Resident certificate every couple of years, they generally send a letter to your " address for tax purposes" in Spain, enclosing an application form that you need to fill in and send back to the Bank within the timeframe that they mention to you in that letter.
I would certainly advise you to rely on a fiscal representative/lawyer/gestor for this, as it is not big deal and of course, Banks cannot freeze the account if you or your representative diligently send the form to them.
A tip: You need to check that you have got a valid "address for tax purposes" in Spain and that all correspondence sent to you there is actually picked up and processed by a legal proffessional. Just that.
This is not anything new, it is something they have doing for years. It might be that some banks have acted too aggresively lately,,, but those behaviours are not covered by Law... of course not. Banks are under Law and Constitution... what at.....!! If you have been infringed a serious, evident damage, you can ask for compensation.
In short: ask your lawyer/ fiscal representative/ gestor in Spain to revise this requirement frequently for you so you will always be covered. It is a very simple management.
Have a great weekend out of Spanish-Tax-Bank stuff .....................................................................................................stress!
Maria
By Maria L. de Castro
web@costaluzlawyers.es
www.costaluzlawyers.es