How to Pay International Contractors from Spain

Spain has emerged as one of Europe’s fastest-growing startup and tech hubs — Barcelona and Madrid now host a dense ecosystem of digital agencies, SaaS companies, and scale-ups that routinely work with international contractors. And thanks to shared language and deep cultural ties, Latin America (LATAM) is by far the most common contractor corridor for Spanish businesses.

Paying contractors in Mexico, Colombia, Argentina, or Peru from Spain used to mean using expensive bank wires or consumer platforms not designed for business use. Remitly Business is now available in Spain — letting Spanish companies pay international contractors and suppliers directly, with transparent fees and fast delivery, from their existing EUR account.

The Spain to Latin America corridor: what you need to know

The Spain–Latin America corridor is one of the highest-volume professional payment routes in Europe, driven by:

• Spanish tech companies and agencies outsourcing development, design, and content work to LATAM talent
• Media, publishing, and production businesses working with freelance writers, translators, and video producers across the region
• Consulting and professional services firms with partners or associates in Mexico, Colombia, and Chile

Remitly Business supports payments from Spain (EUR) to the following Latin American destinations:

And beyond LATAM — Remitly Business supports 175+ countries in total, covering wherever your contractors are based.

Common challenges Spanish businesses face when paying LATAM contractors

• High bank wire fees — Spanish banks may charge around €10–30+ per SWIFT transfer, plus potentially a 2–3% currency margin*
• Slow settlement — international bank transfers can take 3–5 business days, frustrating contractors on tight project timelines
• Currency volatility, particularly for Argentine peso (ARS) payments, where local economic conditions affect what contractors actually receive
• Compliance complexity — LATAM countries have varying requirements for incoming international business payments, and your bank may not surface these clearly

How Remitly Business solves these for Spanish companies

• Fees shown upfront, in EUR, before you confirm — no surprises on your bank statement
• Fast transfers: most payments arrive within minutes to a few hours, not days
• 24/7 support in Spanish and 17 other languages
• USD supported in certain destination countries to mitigate the currency volatility

Step-by-step: paying a LATAM contractor from Spain

1. Create your free account at remitly.com/es/en/business. Use your business email and NIF/CIF (Spanish company tax number).
2. Add your LATAM contractor as a recipient. Use their bank details (CLABE for Mexico, CBU for Argentina, etc.) or send them a payment link if you don’t have their details yet.
3. Enter the EUR amount. You’ll see the exact fee and the amount they’ll receive in MXN, COP, ARS, USD, etc., before you confirm.
4. Confirm and send. Your contractor typically receives funds the same day.

Frequently asked questions

Is Remitly Business available to businesses based in Spain?

Yes. Remitly Business launched in Spain in July 2026. Select Spain as your send country when signing up at remitly.com/es/en/business

Can I pay contractors in Latin America from a Spanish EUR account?

Yes. Remitly Business supports transfers from Spain (EUR) to Mexico, Colombia, Argentina, Peru, Chile, the Dominican Republic, and many other LATAM destinations. The exact receive currency and delivery options are shown before you confirm.

How do I get a record of each transaction for my gestoría?

Every Remitly Business transfer generates a full transaction record that you can export. This includes the EUR amount sent, the fee, the exchange rate, and the local currency amount received.

No monthly fees. EUR to LATAM, Southeast Asia, Africa, and 175+ countries. Set up in minutes.

* https://www.ing.es/sobre-ing/pdf/documento-informativo-de-comisiones.pdf

** The official BOE (Spain’s Official State Gazette) publication of Royal Legislative Decree 5/2004: https://www.boe.es/buscar/act.php?id=BOE-A-2004-4527