Advantages of doing business in Spain
What are the main advantages of doing business in Spain? The overall profile of Spain offers numerous advantages for foreign businesses including its geographic location and climate, stable economy and attractive development opportunities.
Doing business in Spain effectively requires knowledge of the country’s business culture and its national mentality.
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Good geographical location gives the freedom of taking advantage of possibility to engage in agriculture, growing tourism allows opening cafes, a souvenir shop or to start another businesses in Spain. Multicultural population environment, principles of freedom of speech, freedom of choice of business performance principles allow each visiting foreigner, in accordance with the laws, to feel free expressing business idea, without fear for his or her status as a foreigner and possible restrictions of doing business in Spain.
A sustainable economy, a broad market with intense internal demand and with great potential for growth makes it possible for every foreign entrepreneur to start a business and to implement plans for investment in existing entities or to start everything from the beginning by setting up a new company.
The country offers many advantages of doing business in Spain that include low labour and transport costs. Besides the quality of life, Spain is attractive because it is part of the European Union, there is a legal certainty, the country is a bridge to Latin America and represents a market of about 47 million people. As a member of the European Union, Spain benefits from the transit of goods within the EU without unnecessary formalities, including exchange rate fluctuations and transaction costs. The Spanish Government offers various incentives and flexible policies for starting and doing business in Spain. Recently, the Spanish Government has pursued policies aimed at creating a welcoming environment for doing business in Spain.
Moreover, the important advantage of doing business in Spain is that Spanish law permits foreign investment of up to 100 per cent of equity, and capital movement is completely liberalized, foreign investments face least regulatory restrictions.