Developing a company internationally is often considered an important step. Among the markets with high potential, Spain is a very advantageous destination if you want to establish a branch, subsidiary, production site, or to locate the headquarters of your company.
Main benefits of starting a business in Spain
the country's strong economy
Spain, the world's 13th largest economy in 2021 and the fourth largest in the EU by GDP, offers numerous growth opportunities for foreign investors and project developers. The country's population of 47 million people provides a huge consumer market for businesses of all sizes and in all sectors. The Iberian Peninsula also has a large number of skilled workers with cutting-edge technology.
the country's global status
Spain shares borders with Portugal, France, Gibraltar and Morocco, making it a true gateway to both continents. The country is very open to international markets and is the 17th largest exporter and 15th largest importer in the world.
Spain also has very close ties with Latin America (many Latin American companies are established in Spain) and the Maghreb countries, and maintains strong economic ties due to their geographical proximity. Establishing a position in Spain therefore means opening the company to many international markets and opportunities.
Many growth areas in this country
In 2016, there were 3,232,706 companies, small and medium-sized enterprises, start-ups and large groups in Spain, of which 81.4% were in the service sector. In addition to the services sector, Spain also has competitive sectors such as tourism (the world's fourth largest tourist destination after France, the United States and China), the agro-food industry, new technologies, e-commerce and cosmetics. Spain is also Europe's fifth largest market for aviation. Finally, on a European scale, Spain has the largest number of companies in the biotechnology sector.
Spain is therefore a particularly strategic destination for companies specializing in these sectors.
Attractive tax system in this country
Additionally, the Spanish market offers favorable tax conditions for companies based in the country. For example, an employee's social security contribution rate is approximately 6%, while an employer's social security contribution rate is just over 30%.
Corporate taxes vary from 15% to 30% depending on a company's turnover, which is much lower than in many other European countries. Thanks to the regional VAT number issued to all EU companies, you can also benefit from exemptions for certain products and services when trading with other European countries, whether for example importing or exporting to Europe. Spain.
excellent quality of life in this country
In addition to its economic and entrepreneurial dynamism, Spain offers an ideal quality of life thanks to its pleasant climate, rich cultural heritage, high-quality healthcare and education system, and favorable geographical location. Therefore, it is a good place to live and live. do business.
How can I establish myself in Spain?
To establish yourself in Spain, you need to take some first steps. First of all, a thorough market research to assess the possibility of establishing yourself in Spain, including analyzing the supply and demand of the Spanish market in your field of activity, the expectations, needs and consumption habits of the Spaniards must be executed. public. In particular, you need to explore the most favorable cities in which you can set up your company, commercial sector or branch, and estimate how much this project will cost and what you will need.
The easiest way to establish a presence in Spain is usually to consult an organization such as a chamber of commerce. We provide customized advice that helps organizations evaluate the effectiveness of their projects and adapt their positioning strategies according to the market. . We also assist with administrative and legal procedures for creation and support expansion in the Spanish market.
Finally, you should utilize the services of a professional translator at every stage. This is important to simplify interactions with local partners and assist in carrying out various administrative procedures. For example, you may need to translate marketing materials or commercial, financial, or legal documents. In this case, you should use a translator who specializes in this type of translation. Additionally, if your local government requires certified translations of official documents, you should use a sworn translator.
In addition to Castilian, the official language, Basque, Catalan, and Galician are also spoken in Spanish society.
Request a free quote
Receive an offer within hours
Select the service you need Get a quote Confirm and receive your order
Frequently asked questions about starting a business in Spain
Spain has many cities that are very attractive for entrepreneurs. For example, Barcelona and Madrid are among the most dynamic cities in Europe. Other major Spanish cities include Valencia, Seville, Malaga, Bilbao, Alicante, Murcia, and Las Palmas de Gran Canaria.
If you want to start a business in Spain, you will need an NIE number (número de identificación de extranjeros). This identification number is mandatory for foreigners who want to start a business or immigrate in Spain. An NIE is required to rent a home, obtain a social security number, open a bank account, enroll in school, pay taxes, and more. You must apply at the local police station in the town where you want to settle.
Spain's “autonomous” status is similar to self-employed status and is ideal if you want to start working independently, as there are fewer complicated procedures. To benefit from this status as a foreigner, you must obtain an NIE number, register with the social security system, and file a return with the tax authorities.
