Doing Business in Spain can be very profitable but also a complicated task as the business culture and the bureaucratic system behind is very different from other none-Latin countries. In this section you can find general information about doing business in Spain and more specific information about, different types of business forms, how to set up a limited company or buy an existing business.
Doing Business in Spain
Spain is a country, which in the last decades after entering the EU in 1984 has improved its economy and infrastructure significantly. The country still has a GNP (Gross National Product) below European average but many sectors in Spain are in expansion and the foreign investments and number of foreigners who starts up a business in Spain is increasing.
The strongest industries in Spain have traditionally been the service sector and the tourist industry. Within these sectors you can find international companies like Telefonica, the banks BBVA and BSCH and the hotel chain Sol-Melia that have a dominant position in Europe and South America.
The service sector in Spain is located in big towns like Madrid and Barcelona where you also find a large number of international companies. You find the tourist industry throughout coastal Spain - principally in the Canary and Balearic Islands and in Costa del Sol in Malaga and Costa Blanca in Alicante - although upcoming areas such as Costa de la Luz in Cadiz, Costa Tropical in Granada and Costa Calida in Almeria are becoming more and more popular amongst foreigners.
The many foreigners who have settled down in Spain have brought a complete industry of services like schools, shops, doctors, estate agents targeted to and serviced by foreigners. Apart from the service targeted to foreigners living in Spain it is popular among foreigners to start a business in the tourist industry like a bar, restaurant or hotel.
As mentioned above doing business and setting up a company in Spain is not a straightforward process. There are many bureaucratic obstacles, cultural differences and a lot of paper work, which has to be solved before you can start trading. We hope that this web site and the services provided by Accom Consulting can help you make your entrance into the Spanish market more efficient.
Please use the links below for further information about;
- Taxes, Business Obligations and Employment Reagulations,
- Business Forms and Ownership in Spain,
- How to Start Up your own Limited Company in Spain,
- Guidance about Buying an Existing Business.
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