Spain is for sure an attractive country to invest in, although a major crisis made the people provide more concentration to the profits. The tourism is one of the most interesting sectors in Spain, which is continuously developing, in spite of the economic crisis. There are many significant industries to talk about while considering the fruitful investments for 2017, but before we do, we remind that our lawyers in Spain are ready to offer suitable and necessary information about the taxation system in the country and about how to set up companies in the chosen domain.
The consumer confidence in Spain increased in 2016, especially in the last months of the year, when the Spanish population was celebrating Christmas and the New Year. The consumer confidence index is showing positive prospects related to the Spanish economy. Persons who are interested in setting up a company here or relocating in one of the Spanish cities can find out more details on the legal aspects from our team of lawyers in Spain.
Spain is the country where the rich culture and the traditions properly combine with the business opportunities for all local or foreign investors. Although the economic crisis badly affected Spain, there are signs of recovery, starting with a low level of unemployment. If you have decided to open a company in Spain, with foreign capital and board, you might want to analyze the labor market in the country and to the benefit of the experienced people, ready to fulfill interesting and well-paid positions.
The Spanish economy marked surprisingly positive economic prospects, as the forecasts for 2017 may be exceeded. At the level of 2016, the Spanish economy was situated at 3.3% Gross Domestic Product (GDP) growth, providing better performance results compared to 2015. The forecasts for 2017 are showing a growth of 2.5%, but the Spanish government considers that such estimates can be exceeded. Another important aspect is that the economic crisis that once hit Spain no longer produces effects in the economy. Those who want to start a company can have several prospects, especially in the tourism field and our team of lawyers Spain can offer advice in this sense.
With interesting and great geographic location on the southwest of the Iberian Peninsula, with openings at the Mediterranean Sea, Atlantic Ocean, Alboran Sea, and Cantabrian Sea and with remarkable landscapes, Spain is definitely a country where all kinds of business opportunities have positive and interesting standards. Tourism, agriculture, manufacturing, logistics or energy are the main sectors where foreign entrepreneurs should analyze the market to discover the opportunities of making money.
Having a profitable business in Spain will much depend on the chosen domain and the market analysis in such areas. Many foreign entrepreneurs choose to start doing businesses in public relations, car industry, recruitment or tourism in Spain. If you think it is time to profit from the business opportunities for 2017 in Spain, it is recommended to ask for financial advice and guidance from our Spanish lawyers.