Spain has a privileged situation—due to its geographical location and its network of cultural and commercial ties—that makes it a gateway to other markets, such as Europe, Latin America, North Africa, and the Middle East.
Our country also has a highly developed business sector with a high degree of internationalization and, according to the website Invest in Spain, it offers excellent opportunities to collaborate in third markets. In fact, many Spanish companies are internationally recognised, and present around the world.
According to the 2016 Global Competitiveness Report, Spain ranks 10th worldwide in infrastructure and logistics services. Spain has a vast and modern transport network: Spanish railways boast the largest high-speed network in Europe and the third worldwide; our ports connect with maritime bases around the globe; the roads network is connected to logistics centres and platforms from all areas of our country, as well as airports, which move goods and people across the country and abroad.
Spain has a network of e-offices for all kinds of procedures, which ensure security and confidentiality. Citizens and companies have an electronic signature, a very useful tool.
- Online Services Site
- E-Office of the Ministry of Economic and Companies’ Support
- E-Office of Secretary of State for Commerce
- E-Office and Secondary Office of the State Secretariat for Research, Development and Innovation
- Electronic Offices
- Electronic signature
Spain offers attractive business opportunities for foreign investors. The Spanish Act 14/2013, supporting entrepreneurship and internationalization, facilitates foreign investment and talent to boost growth and job creation.
Thanks to this law, a system has been established for the international mobility of professionals and managers and to attract foreign investment. In particular, it benefits investors, entrepreneurs, highly qualified staff, training in R&D+I, and intra-corporate mobility.
According to OECD’s FDI Regulatory Restrictiveness Index, Spain’s regulatory system ranks 9th in the world in its openness to international investment. Spain offers business opportunities for companies in sectors and activities with high added value and growth potential.
Spain is also the 12th country worldwide in terms of receiving foreign investment. It hosts more than 12,500 foreign companies from all economic sectors, especially from the industrial, technological, and service areas. According to Forbes, 70 of the top world's 100 companies have branches in Spain, and Thomson Reuters reports that 90 of 100 companies in the R&D sector have a subsidiary office in Spain.
Spain is the 14th largest economy in the world, and has one of the most attractive domestic markets in Europe (it is the 5th largest economy in the EU). With a GDP of 1.2 trillion dollars, Spain has 46 million consumers, in addition to the more than 75 million tourists who visit Spain every year.
The tax burden in Spain is below the average of the EU-28 and the euro zone. The general corporation tax rate is 25%. Notwithstanding, expenses related to business activity are deductible if they are properly accounted for and justified. In addition, there are additional tax incentives for certain specific expenses.
Spain is internationally known to have a well-trained workforce, mainly in terms of graduate and postgraduate professionals. Furthermore, according to Invest in Spain, Spain’s productivity has grown steadily for a decade, even faster than in other European countries.
Spain’s central, regional, and local administrations provide numerous forms of aid, subsidies, and incentives for the creation of companies and for research and development, among other activities. These include programmes aimed at promoting innovation, technological improvements, and R&D projects, and at training workers and creating jobs.
Spanish legislation and, in particular, the Law of Market Unity, ensure the free movement and establishment of economic operators and the free movement of goods and services throughout the Spanish territory.
There are several options for doing business in our country:
-Opening of a branch or a representative office.
-Creating a Spanish company.
-Forging associations with other businesspeople already established in Spain.
If you prefer not to settle in Spain, you can choose:
- Distribution agreements
-Operating through an agent
-Operating operations through a commission agent
-Establishing a franchise