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.
A company can be relocated from its country of origin to Spain as an effect of numerous aspects. For example, there are better investment opportunities in Spain or the taxation system available here provides more advantages. Regardless of the reason for which the company is relocated to Spain, businessmen should take into consideration many issues concerning this matter. Our team of lawyers in Spain can offer legal assistance on the legal procedures imposed here when relocating a company.
The Spanish tourism industry registered in 2016 a record value in terms of visitors, as more than 74 million tourists chose to visit the country. The data was presented by the United Nations World Tourism Organization and it states that the Spanish tourism increased in 2016 by 4% compared to 2015. The number of visitors in Spain represents, at the same time, the largest value recorded in the last years. Businessmen who want to open a company in Spain are welcomed to address their inquiries to our team of lawyers in Spain, who can provide legal assistance on the incorporation procedure.
There is a strong business sentiment amongst the British entrepreneurs who are interested in investing in Spain, as the latest data on this subject show that despite the effects of the Brexit referendum, most of the investors will keep their projects on this market. British businessmen who are interested in opening a company in Spain can have many opportunities here, in various economic fields. Our team of lawyers in Spain can offer legal assistance on investment legislation applicable by the local authorities.
A bitcoin cashpoint was recently opened in the Balearics region, in Spain. A bitcoin refers to a digital currency, which was created in 2009. One of the main advantages of the bitcoin currency refers to the costs related to each transaction, which are much lower than in the case of the traditional financial transactions. At the moment, there are only 20 bitcoin cashpoints in Spain. The one in the Balearics region was set up in Alcudia, Mallorca. Persons interested in opening a company operating in this field can receive more details on the matter from our team of lawyers in Spain.
One of the most important economic pillars of Spain is represented by the tourism industry. This year started very well for the local tourism industry and it has increased to such an extent, that it has broken the record in terms of incoming tourists. Persons who are interested in the tourism industry for investment purposes can have many business opportunities, as the market is very well adjusted to accommodate the needs of the local and incoming visitors. Our team of lawyers in Spain can offer assistance on the main legal requirements that must be completed when activating in this industry.
A growing industry in Spain is the biotechnology sector, which became very attractive to both local and foreign investors. The expansion of this field can be seen in its share increase observed in the Spanish Gross Domestic Product (GDP). For example, in a period of only six years, the biotechnology sector increased from 2.98% GDP share (in 2008) to 10.35% (in 2014). Investors who want to open a company in Spain in this field can receive legal assistance from our team of lawyers in Spain, who can help investors obtain licenses available for this sector.
The European Union (EU) and Canada have just signed the Comprehensive Economic and Trade Agreement (CETA), that will have a positive effect on the trading relations established by the two contracting entities. The agreement is applicable in all EU’s member-states, including Spain. Those who want to open a company in Spain which will deliver goods and products on the European and Canadian markets will also benefit from its provisions. Our team of lawyers in Spain can provide more details on the legal aspects implied by the new trading agreement.
When investing in a foreign country, businessmen have to verify which are the investment conditions available in that particular location, in order to evaluate their possible return on investment. In this sense, Spain represents an attractive business location, with numerous investment fields which offer many business opportunities. Those who are interested to register a company here can find out in-depth information on the registration process from our team of lawyers in Spain.
Spain is one of the largest economies of the European Union, and, according to a global survey performed this year, it is also one of the greatest locations providing a high quality of life. Persons who want to relocate in Spain or to start a company here have very good news in this sense, as Spain is the second country in the world offering highest levels of quality of life. The study included 26,800 expats living in Spain, who declared that the country offers economic perspectives. Our team of lawyers in Spain can offer legal assistance on the documents which must be obtained by foreigners when relocating in this country.
The tourism industry in Spain is developing at a fast pace and the estimates set out for the next months of 2016 are showing that the industry will further develop. The increase in the tourist arrivals can be seen in the total arrivals registered throughout the Spanish airports. Airport passenger number increased during the month of May by 11,3%. Businessmen interested in setting up a company in the field of tourism, such as a travelling agency, can receive assistance on the incorporation procedure from our team of Spanish lawyers.
Spanish market presented in the first six months of 2016 many positive information referring to its economic sectors. Tourism, construction sector in the field of accommodation and real estate market are just few of the fields which registered increases at a fast pace, compared to the situation of 2015. Businessmen who are interested in opening a company in Spain related to the real estate market should know that, in the first months of the year, the industry developed in a rapid manner and in April 2016 the total real estate sales accounted for 35,199 contracts, which represent an increase of 29%, compared to the same month of the previous year. Our team of Spanish lawyers can offer more details on the legal grounds regulating the real estate industry.
Spain represents a very attractive business environment, as many economic fields have had positive financial results. One of the fields in which foreign investors are advised to invest is the aeronautics industry, which presents many business opportunities in its sub-domains. Our team of Spanish lawyers can provide assistance on the ways in which an aeronautics company can be incorporated here, and they can also assist with relevant information on the most important aerospace fields.
Spanish tourism increased at a fast pace in the last years. In 2015, the industry registered very good results and this trend was also kept during 2016, while projections are showing a further increase. The accommodation industry in Spain is connected with the tourism activity and it is important to know that the upper-class hotels present many business opportunities. Businessmen interested in opening a company in the accommodation industry should know that, in the first five months of 2016, the amount spent for buying hotels in Spain reached a total value of EUR 611 million. Our team of Spanish lawyers can assist with more details on the legal requirements referring to the purchase of an accommodation unit in Spain.
Foreign businessmen interested in expanding their investments on a different market than the one they are operating at the moment must know that the Spanish environment offers promising opportunities, due to a record-level in terms of investments registered in 2015. Investors should also know that during this year, several industries have already reported important financial gains, especially in the construction sector. Our team of Spanish lawyers can offer an in-depth presentation on this subject and they can also provide legal advice for the incorporation of a company on the Spanish market, in a field which is of interest for the investors.
Spain represents a powerful economy situated within the European Union (EU). Foreign investors who are interested in relocating their business activities can choose Spain as the location of their investment projects due to a set of factors, which makes this market a very competitive one within the EU area, but also at a worldwide level. Our team of Spanish lawyers can assist foreign businessmen with details on the main reasons which make Spain an attractive business market.
Businessmen who are seeking to relocate or to expand their business activities carried out in the field of information and communication technology (ICT) can choose Spain as an investment location, due to its legal framework created in this sense. The Spanish authorities sustain this type of activity, as the domain has an increasing role in the local economy. Our team of Spanish lawyers can provide an extensive presentation on the incentives offered to ICT companies.