Spain is the world’s 14th largest economy, one of the leading global economic powerhouses, and offers one of Europe’s most attractive domestic markets as the 5th economy of the EU. Its geographical location plays an important role for conducting international business. Spain, at this level, has a privileged strategic access to the EMEA (Europe, Middle East and North Africa) and Latin American regions due the country’s strong economic, historic and cultural ties with the latter.
Furthermore, Spain is a modern knowledge‐based economy in which services represent 75% of its business activity. The country has become a centre of innovation supported by a young, highly‐qualified work force and competitive costs.
Adaptability and flexibility are Spain´s key strengths when it comes to welcoming foreign investors. Spain has many open regulations regarding international investment and over 12,000 foreign companies operating in Spain benefit from this favourable business climate. Taxation is moderate, with significantly lower tax pressure than the EU average, and the tax treatment of R&D is the 2nd most favourable of OECD countries for both large companies and SMEs.
HLB Spain counts with 10 offices across the country and its 18 partners and 220 professionals are specialised in advising companies in foreign investments in Spain and have an in‐depth knowledge on cross‐border businesses. HLB Spain has 40 years of experience in advising clients, who see in Spain the market and business potential for their international expansion.
Latest insights, case studies and news from across the network
The organisation of working hours: New labour regulations in Spain as of 12 May 2019
Spanish regulator issues new obligatory working time records law, which requires all employers to record the number of hours worked by each employee.
Spain: Indirect taxation reformed by Decree
The VAT Return to Travellers Scheme will be modified, and VAT processing will be imposed through an electronic reimbursement system.
Spain introduces new tax haven regulations
Form 232 is an informative statement clarifying transactions in countries or territories classified as tax havens.
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