SPAIN
Spain is one of the leading global economic powerhouses, the 13th largest recipient of FDI worldwide, testifying to the pivotal role played by foreign investment in the Spanish economy. In fact, 68% of its FDI’s stock comes from world-leading economies: Switzerland, United States, United Kingdom, France, Germany, and Sweden.
Its attractiveness comes from its extensive and comprehensive system of grants and incentives, offered by the state, the regions, and the EU. Furthermore, it offers a consistent range of public institutions, which provide financing under favorable terms.
Benefits of investing/ exporting to Spain include:
- A privileged geo-strategic position – the gateway to the Mediterranean, North Africa, and Latin America. Combined, the Latin American countries are Spain’s second-largest export market. Spain is also the second most important investor in Latin America. Many Spanish companies have large distribution capabilities in the region.
- Spain’s fiscal pressure is below the average for the EU-27 and the Eurozone, with one of the lowest rates of VAT in the EU and an interesting Corporation Tax rebate system, bringing about an effective tax rate of 16.7%.
- Offers attractive tax incentives to R&D&I which are amongst some of the best applied in OECD countries to promote investments by large corporations and by small and medium-sized enterprises.
- In Spain, as a Member State of the EU, potential investors can access European support programmes.
Aster Growth Partners can help you gain access to prospective customers or business partners in Spain.
For Spanish companies looking to export outside Spain, we can help you take your business to new horizons.