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Grants for Businesses in Spain

Grants-for-Businesses-in-Spain.jpgBoth local and foreign investors can apply for numerous grants available for businesses operating in Spain. Such grants are provided based on the investment field in which the Spanish company is operating and they are offered by a set of institutions incorporated in Spain. The grants can be offered only if the companies can respect a set of eligibility criteria, on which our team of lawyers in Spain can provide legal assistance. 

 

Research and development grants in Spain 

 
Companies operating in the field of research and development (R&D) in Spain can benefit from a wide range of grants or tax deductions, provided that certain conditions are met. 
 
For example, investors operating a company in Spain can apply for a loan under the Financial support for R&D&I in the field of Industry 4.0 programme, which is available in this case of all types of companies working in the manufacturing industry. The value of the aid is established at EUR 150,000 and it is provided by the Ministry of Economy, Industry and Competitiveness
 
Companies in Spain can also apply for the Digital Economy and Society Strategic Action, a funding programme provided as a loan or a subsidy for legal entities operating in the field of information and communications technology. The funding is available for all types of companies in order to increase the competitiveness in this field associated with the R&D activities and our team of attorneys in Spain can offer legal advice on how to apply for this grant

 

Human resources grants in Spain 

 
One of the most important components of a successful business in Spain is represented by the quality of the workforce. The Spanish government encourages the continuous training of the human resources and companies can apply for several programmes which can reduce the tax burden associated with the company’s employees
 
As a general rule, all companies can apply for training grants in Spain, which can have as an effect the reduction of social security contributions for special categories of employees (for example, addressed to young employees, under the age of 30 years old, for the employment of women and disabled persons or for the maintenance of employment contracts for senior employees, with an age above 65 years old). 
 
Businessmen are invited to address to our law firm in Spain for legal assistance on other grant programmes provided by the Spanish government
 

Comments

  • Alan 2017-03-09

    Very good article! I consider that all investors who are eligible for such programmes should apply, as it can increase the value of their businesses.

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