Spain is one of the world’s great economic powers. With its impressive and expansive history, close links to Latin America, and relatively low labour costs, Spain has the enviable position of being a stepping-stone to Latin America and (in the other direction) an excellent first base for European operations.
According to the World Investment Report, Spain is the fifth largest economy in the European Union and the sixth largest receiver of Foreign Direct Investment (FDI) globally. The attraction for foreign investors lies not only in its dynamic internal market, but also in the possibility of operating in third markets from within. It has a privileged geostrategic position within the EU, allowing access to a market of +1.9 billion potential clients in EMEA.
Spain’s FDI attractiveness also comes from its restructured financial sector, continually strong tourist market, its highly efficient transport network, its active development of renewable energies, and its cultural proximity to Latin America. The countries’ main economic areas are manufacturing, energy, construction and transport and storage.
Tax Treaties are in place with around 100 major countries, including USA, UK, the EU, China, Japan, and most of LATAM and Central America. This extensive network of agreements facilitates the repatriation of profits and gives Spain the privileged status as a holding centre for investments abroad, particularly for LATAM and the USA.