European Aid for Foreign Investments in the Field of R&D in Spain

A major component of the economic growth refers to allowing the development of foreign investments in a country. In this sense, Spain is a jurisdiction which offers numerous programs designed to assist the increase of foreign direct investment (FDI), through local funding schemes or through European programs, as the country is a member-state of the European Union (EU). Our team of company formation representatives in Spain can provide assistance to the investors who want to open a business in the field of R&D. 

 

 

Foreign investors who want to open a company in Spain in the field of research and development (R&D) should know that they can apply for the open call provided by the EU under the Investment Program for Foreign Companies in R&D Activities. The program aims at the increase of R&D activities in the case of companies with foreign capital established in Spain and the total amount available under the funding scheme is set up at EUR 2 million. Our team of company registration agents in Spain can offer in-depth details on the legal aspects of the program. 

 

Under the regulations of the program, foreign capital should represent at least 10% of the company’s capital. Those interested in company registration in Spain must know that the 10% capital share of foreign origin can also be represented by the participation of a third party foreign entity. 

 

 

In order to apply for this program, the legal requirements stipulate that both companies registered in Spain, as well as those domiciled elsewhere may register, but there are different stipulations applicable in this sense. 

 

Investors who are interested in the procedure of company formation in Spain should know that they must have a CIF number in order to apply. 

 

Companies can receive funds of EUR 200,000 in a period of three fiscal years. At the same time, it is important to know that eligible companies have to carry out their business activities in the following regions of Spain: 

 

• Extremadura;

• Andalusia;

• Canary Islands;

• Castilla la Mancha;

• Murcia;

• Galicia; 

• Valencian Community.

 

Businessmen are invited to contact our team of company formation consultants in Spain for more details related on the European aid for foreign investment purposes.