One of the European countries that offer important business opportunities for foreign investors is Spain, especially after it succeeded to recover after the financial crises. The Spanish market has an important potential to grow and so do the prices for real estate properties.
The prices of residential buildings in Spain are expected to rise by 2.5% in 2015 and the same increasing is estimated also for 2016, while a 4% increase is predicted for 2017, according to a report released by Standard & Poor’s rating agency.
Spain has recently implemented new tax rules. Although they are mainly focused on the corporate income tax, these rules also target the structuring of inbound investments. The experts at our law firm in Spain can tell you how these new rules can impact your company in Spain or business plans in the country if you are a foreign investor.
The Spanish economy seems to be out of recession after it recorded a slightly growth of 0.4% per quarter, according to the report released by Markit, an information service company that analyzed the economic activity in the Eurozone. Spain wasn’t much affected by the Greek crises as other European economies and registered better results than other major economies such as Germany, France and Italy.
Foreign entrepreneurs who are interested in opening a company in Spain and move to this country have to know that expat living costs have decreased there and they are among the lowest in EU, according to a study of the international consulting firm Mercer.