Spain

Why invest in Spain?

Spain is the eighth economy in the world and the seventh largest of the OECD member countries. It is a dynamic economy, with growth doubling the EU average. In 2006 Spain was responsible for 1/3 of the total employment created in the European Union

The geostrategic importance of Spain, as an international business platform, is another of the advantages of investing in the country, serving as it does as the gateway to the EMEA region (Europe, Middle East and Africa, as well as a springboard for Latin America, thanks to its strong economic, historical and cultural ties. Spain boasts many other attributes that make it a very attractive place for doing business. telecommunications networks, its young, highly trained labour force and its highly competitive office rental and cost of living.

Spain is the most attractive country in the world for the windgenerated electrical power industry (Source: Ernst & Young)

It is also worth noting that the tax burden in Spain (measured by taxation and social security contributions as a percentage of GDP), is 5% below that of neighboring countries. In January 2007, a new pro-business tax reform was introduced that includes a 5% cut in corporate tax for 2007-2008. No surprise then that Spain was ranked ninth in the world in terms of Foreign Direct Investment inflows and eight in terms of FDI stock, according to the UNCTAD “World Investment Report” in 2006.

Spain also offers exceptional quality of life thanks to the openness of its people, a broad range of educational and cultural opportunities and world-class leisure and sporting activities. As a result of that, Spain is the second most popular tourist destination in the world in terms of both visitor numbers and revenues generated.

Spain offers interesting opportunities in diverse sectors: renewable energy, ICT biotechnology, pharma and health care sciences, aerospace industry, water treatment and desalination, logistics, automotive industry and tourism Nor is there any question that the climate is very appealing to foreign investors when deciding where to locate factories, innovation centers headquarters, or high added value services, such as design and R&D

What INTERES offers

With its new state-of-the-art terminal now operational, Madrid airport has capacity for 70 million passengers

INTERES Invest in Spain is the official State body for foreign investment. It is part of the Spanish Ministry of Industry, Tourism and Trade and its mission is to promote, attract and maintain levels of foreign direct investment in Spain. Our main objective is to ease the process of setting up a company in Spain as well as to support enterprises engaged in expansion.

INTERES Invest in Spain actively promotes Foreign Direct Investment (FDI) in those sectors where Spain enjoys a competitive advantage in the medium and long term. These sectors determine the geographical markets to be addressed and the relevant marketing techniques to be used to communicate the competitive advantages of the country. Ours is a business vision, focused towards specific investment opportunities so we are happy to form strategic alliances with other public institutions involved in FDI, with a view to optimizing results and creating an expanding network.

INTERES Invest in Spain is the point of reference, provides added value services for foreign investors and the meeting point for national, regional and local institutions dedicated to promoting and attracting investment. already settled in Spain. One of its main objectives is to maintain levels of investment and promote reinvestment among foreign companies. For more information www.investinspain.org

Design and creativity in the automotive industry in Spain are internationally recognized

INTERES Invest in Spain prepares customized reports and surveys for potential or established investors as well as offering general information about relevant issues, such as the economic, commercial and social situation in Spain and how these elements compare with other countries. We also provide summaries of the distinguishing characteristics of the Spanish regions and advise on the main sectors of opportunity as well as critical elements of the business environment. Detailed reports covering key issues such as tax and incentives are also available as are updated analyses of critical costs: real estate, supplies, qualified personnel, telecommunications, infrastructure and logistics, etc.

The aim of INTERES is to support foreign companies in their decision to set up in Spain, acting as a long term committed partner with common interests.

Contact details:
Juan Jimenez,
Embassy of Spain – Trade Commission
Director of Investment Promotion Department,
405 Lexington Av. 44 floor,
New York, NY 10174-4499
Tel: +1 0 212 661 4959 Ext: 336
Fax: +1 0 212 972 24 94
E-mail: jjimenez@mcx.es

 

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