Why Spain

Dynamic, solid, attractive and modern knowledge-based economy growing at a faster rate than the European average for the last decade
 

  • Spain is the world’s 8th largest economy 
  • 5th largest investor in the world and 2nd in Latin America 
  • 7th largest FDI recipient worldwide and 4th in the EU 
  • The 6th largest exporter and 8th importer of commercial services worldwide 
  • World’s 2nd tourist destination, and 5th destination in meetings, incentives, conferences and exhibitions. 
  • Low inflation, low interest rates and a healthy budget 
  • Low corruption rating 
  • Double taxation treaties and Reciprocal Protection Agreements with more than 60 countries 

     

Growth, Track Record

 

Cost of Resources

Labor costs in the ICT sector are far below the average for EU Countries and still competitive with those of the new players

Average gross annual earnings in industry and services of full-time employees in enterprises with 10 or more employees (000’s EUR). Spain approximately 50% the cost of the UK

 

Economic Sustainability

Minimal escalation of labour costs is a guarantee of the sustainability of prices and cost predictability

Knowledge Sustainability

Spain ranks number four in Europe in terms of number of persons with a scientific/technical tertiary education just behind France and the UK, despite a much larger population in these countries.

 

Capacity Sustainability

Currently over 300.000 students undertaking engineering studies in Spain. More than 13,500 engineers graduate in ICT-related studies every year (*)

Staff turnover in Spain is among the lowest in Western Europe
Spain has one of the highest scores in Europe for employment retention

 

Spanish Consultancy Market

 

Infrastructure and Accessibility

More than 16,000 ICT companies already operating in Spain

 

 

 

International Presence in Spain

More than 11,000 foreign companies already located in Spain, taking advantage of Spain’s benefits:

 

An integral part of Europe's business culture:

  • Business affinity
    • Similar History and maturity of Sectors
    • Common business practices
  • Cultural affinity
    • Conceptual and Semantic compatibility
    • No cultural barriers to acceptance, integration or understanding
  • Geographical affinity
    • Common time zones (“Call now!”)
    • Accessible (“Come this afternoon”)
      • Regular visits simple and inexpensive
      • Huge number of flights and airports
      • Ad hoc travel feasible
  • Political affinity
    • No visa issues
    • Little currency variation risk
    • EU data protection laws