Doing business in Spain. Entering the spanish market
Our services
Save your business tens of thousands of dollars
when entering Spain
Save your business tens of thousands of dollars
when entering Spain
General information
Population
47 420 000 people Official language
Spanish Main religion
Christianity Currency
EURO Time zone
UTC+1 Economy of Spain
GDP per capita
30 103 USD Economic growth
5,5% Unemployment
10,01% Inflation
6,4% Investment inflow
36,6 млрд долларов США Business in Spain
Popular type of legal entity
Sociedad Limitada (SL) Minimum number of shareholders
1 Company registration period
1-2 weeks Minimum share capital
3000 euro Restrictions for foreigners on starting a business
No A local director is required?
No Corporate tax
25% VAT
the standard rate is 21%, with reduced rates of 10% and 4% applied to certain goods and services Advantages and disadvantages
Advantages
strategic location, strong tourism industry, rich cultural heritage, skilled workforce, favorable living and working conditions, developed infrastructure, and access to the EU market Disadvantages
bureaucracy, high unemployment, language barrier for non-Spanish speakers, limited access to startup financing, economic instability, and high corporate tax rate