Key Competitive Attractions
Spain offers an outstanding business environment, with a superb geocentric location; excellent education system; highly skilled workforce; low operational costs, and one of the highest qualities of life on the planet.
Key economic indicators
- Spain is the 6th largest FDI recipient in the world and 3rd largest in the EU
- 9th largest economy and 8th largest investor in the world
- Spain holds a privileged position for key markets in southern Europe and Latin America
- Over 11,100 foreign companies have already established operations in Spain, 50 of which are Fortune 100 companies
- 150 banks operate in Spain, with over 15,578 branches
Spain offers a very competitive business environment thanks to low operating costs
- Salaries are well under the EU average
- Highly competitive costs of commercial space (lower than Paris, Milan, Zurich, London, New York, Tokyo, Hong Kong, Moscow, Dubai and Singapore)
- Favourable commercial utilities and communication costs (electricity and gas both lower than Italy, France, Belgium, Germany, Portugal, Ireland, UK, Czech Republic, Poland and EU27)
- Exceptional quality of life and with a very reasonable cost of living
Tax System
- Very favourable tax system for foreign investment
- Among OECD countries, Spain has the most attractive fiscal incentives for R&D for large companies, and the second most attractive for SMEs
Generous incentives
- Investment incentives vary according to the investment location. Incentives are granted by the European Union, the national Government and regional authorities
- Employers can make major labour cost savings through incentives for hiring and training workers within certain categories
- There are several R&D financial and tax incentives to encourage innovation, technological advancement, and R&D projects in certain industries that are considered a priority, measured by their growth potential and effect on the Spanish economy
Assistance and Support For New Business Investors
The State Company for the Promotion and Attraction of Foreign Investment (Invest in Spain) is a public corporation created for the purpose of capturing foreign investment. Services include tailored business information, legal consultancy, location search, identifying potential partners, and help in seeking finance/grants.
More information on Funding & Support.
Contact Details
