Foreign investors who want to invest in Spain should know that the local market offers several investment opportunities, available for various economic fields. As a member of the European Union (EU), Spain applies the rules and regulations available within the EU’s boarders. Our team of Spanish company formation specialists can provide to foreign entrepreneurs a detailed presentation on the main reasons to establish their business presence here.
Table of Contents
Spain has a competitive economy
Spain is one of the most competitive countries in the EU, with more than 46 million inhabitants. At the moment, Spain represents a top economy in the EU and foreign investors can benefit of full access to the larger European consumer market. Investors can access various aid programs applicable in the EU; they can also benefit from the strategic geographical position of the country.
Highly qualified workforce
In 2015, the level of the Spanish workforce was situated at more than 22 million persons. According to the data provided by the Organisation for Economic Cooperation and Development (OECD), the Spanish workforce was situated on the 3rd place, after United Kingdom and France, in terms of tertiary studies (the study took into consideration the population with an age between 25 -34 years old).
Tourism industry in Spain
Tourism industry is very developed in Spain and it is one of the top financial sectors; in 2015, Spain reached a new record in terms of the total number of tourists, which accounted for 60 million persons; our team of Spanish company formation agents can offer more details on the main touristic regions.
Telecommunication industry in Spain
A solid industry in Spain is represented by the telecommunication sector, highly developed in the field of mobile telecommunication. Spain measures, at the moment, more than 58 million mobile phone lines, while the fixed line telecommunication increased at a slower pace.
An important aspect of the local environment is that Spain is the top economy for broadband usage in the corporate domain, as more than 99% of the Spanish companies use internet services.
Persons interested in further information on the main reasons to invest in Spain can contact our team of Spanish company formation consultants.