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.
A new protocol signed between Spain and China allows Spain to be the first European Union country to export certain types of fruits to China. This is an important business opportunity for all investors in food and agriculture because of the immense potential the Chinese market presents. Fruit exports from Spain are expected to begin this year after a number of Chinese inspectors will perform a check-up of selected farms and factories.
Experts believe that the Spanish property market will remain stable and continue its recovery. The assumptions are optimistic despite the overall economic situation and specialists predict that this business sector will perform slightly more than in 2015. Home sales are those expected to record the most significant growth, up to 12% compared to last year.
Azerbaijan officials presented the latest opportunities for Spanish investors during a meeting earlier this month. The country will open new agro-parks and Spanish companies are invited to become their residents. More than 130 entrepreneurs from both countries attended a business forum in April and discussed the business relations between Spain and Azerbaijan.
The Spanish high-tech industry is one of the most successful industries in the country at the moment due to significant investments. Digital companies have registered great increases in their incomes in the last year thanks to the investment they made for modernization purposes. The high-tech industry is also supported by the Spanish Government.
The automotive industry is currently one of the best industries in Spain, as the number of purchased cars and the exports have gone up at the beginning of the year. Most of the Spanish citizens are inclined to buy electric cars, according to the latest statistics. Our lawyers in Spain can provide you with more information about the successful automobile industry.
The International Monetary Fund (IMF) released a new and improved forecast for the Spanish economy at the beginning of the year. The provisions were based on the economic results which were better than expected at the end of 2015. The estimations cover 2016 and 2017 and also take into account actualization in the context of the global economy.
The latest report of the National Institute of Statistics in Spain shows a recovery of the real estate market that started in 2015 and continues in the first months of 2016 as well. Other surveys show that the increase is mainly due to foreign citizens seeking to acquire new properties. Our lawyers in Spain can provide you with information about the trends in the real estate industry.
The confidence among retail companies in Spain is at its highest, as numbers show an increase in sales. The economic growth registered at the end of last year has also helped both retailers and residents who have started to spend more. Our lawyers in Spain can provide you with more information about the country’s current economic status.
Spain’s economy has started to recover towards the end of 2015 and the best proof is the rise in employment numbers, according to one of the reports released by a governmental agency. The unemployment rate at the end of last year was 3% lower than it was at the end of 2014 and the most prosperous region at the moment is Andalusia.