Auxadi returned to the Palacio de la Bolsa (Madrid Stock Exchange Palace) where Rima Yousfan, Board Member & VP of Client Relations, participated as a speaker at the 27th Latibex Forum, held on Tuesday, November 18. Auxadi's representative spoke on the panel 'Ibero-American investment in Spain: A two-way street', focusing on 'Investment Flows'.
Ibero-America in the future
The region's potential underwent an extended evaluation across four thematic blocks. The first series consisted of 'Macro analysis: macroeconomic perspectives in Ibero-America'. Next, the event covered the 'Keys to investing in Ibero-America', and conversely, 'Ibero-American investment in Spain'.
"The LATIBEX Top index has stabilized by more than 20%", emphasized Juan Flames, CEO & Head of BME Exchange, who also highlighted the "extraordinary performance of Brazil". During the morning, the expected regional growth of 2.4% was discussed, according to Silvia Morcillo, Content Director at Estrategias de Inversión.
Following this, exchange rate systems were introduced into various conversations. Furthermore, the expectations for 2026 were presented by country: Mexico, with "an increasingly intense government focus on the formalization of companies"; the development of the banking sector in Chile; and the revitalization of tourism in Colombia.
However, experts like Javier J. Pérez from the Bank of Spain stress the need for "control over public spending". Additionally, Mariano Fiorito, a representative from Schroders, assesses the two factors that determine Latin American economies: "In LATAM, 80% is political and 20% is macroeconomic, which is the reverse of what happens in more developed countries".
Spain as an investment recipient
The penultimate session hosted Rima Yousfan prior to the cocktail reception. She was accompanied by: Iván Juárez, Advisor at Atlántida Securities (a Salvadoran firm specializing in stock brokerage); Paula Ferrari, CEO of Go Global; and Juan José Moreno, CTO of Raven (a disruption consultancy). The panel was moderated by Adrián Blanco, Head of LATAM Desk at ICEX.
Ibero-America’s growth has boosted investment from member countries into other territories. On this occasion, the conversation focused on the host country: Spain, the primary destination for Latin American investment at the European level and second globally.
Experts in multinational internationalization discussed various factors that have promoted the entry of capital into Spain. The most highlighted topic was Double Taxation Treaties (DTT). Spain maintains 99 agreements in force, more than ten of which belong to Latin America.
The firm’s VP of Client Relations mentioned the Holding Companies of Foreign Securities (ETVE), referring to them as “a structure that is totally efficient”. Indeed, she stressed that it is “one of the most efficient in the world”.
Meanwhile, the speakers presented their knowledge and expectations regarding investment from Latin America. For example, Adrián Blanco highlighted that “Spain receives more financing than Italy, Germany, and France combined”. Furthermore, the CEO of the Argentine firm Go Global agreed that the Spanish capital also serves as a hub: “From Madrid, we manage the United Kingdom, Germany, the Netherlands, Turkey, and India”.
Ibero-American investment was also discussed at the first edition of LATAM Days, where the most revealing data on the outflow of capital to other regions of the globe, such as Spain, was shared.
Auxadi at the Latibex Forum
Gisleno Castro and Alba González, Account Managers, also attended the event, where they shared Auxadi’s culture and its presence in Ibero-America. This event was essential for contextualizing the state of Ibero-American economies, where Auxadi already has 14 offices with local experts.
At Auxadi, we offer comprehensive services in accounting, tax, payroll, transfer pricing and corporate legal services to multinationals and funds. With experience since 1979 and a presence in over 50 countries, including 26 proprietary subsidiaries, our advanced technological platform and proven methodology enable us to guarantee efficient management in compliance with local regulations.
Can Auxadi help?
Auxadi can become your ideal partner. We offer a one stop shop value added outsourcing services in the areas of accounting and reporting, tax compliance, payroll management and representation services, among others.
Local Knowledge – International Coverage
Founded in 1979, Auxadi is a family-owned business working for multinational corporations, private equity funds and real estate funds. It’s the leading firm in international accounting, tax compliance, payroll, transfer pricing, and corporate legal services management connecting Europe and the Americas with the rest of the world, offering services in 50 countries. Its client list includes many of the top 100 PERE companies. Headquartered in Madrid, with offices in US and further 26 international subsidiaries, Auxadi serves 1,500+ SPVs across 50 jurisdictions.
All information contained in this publication is up to date on 2024. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.