The tourism industry
flourished in Spain
in 2016, as a record number of tourists
preferred this country as their traveling destination
. Overall, incoming tourists
spent EUR 77 billion, which represented an increase of 8.3% compared to the situation of 2015. Foreign investors who are interested in opening a company in Spain
should know that businesses operating in the field of tourism
are required to obtain specific permits and licenses, designed for each type of commercial activity. Our team of company formation representatives in Spain
can offer an in-depth presentation on the documents that must be submitted with relevant authorities in this case.
Characteristics of the Spanish tourism in 2016
An important aspect related to the Spanish tourism in 2016 is that the number of British tourists increased by 12.3% compared to 2015, reaching a total number of 16.9 million.
Foreign investors who are interested in the procedure of company formation in Spain
can opt to open a traveling agency
in the one of the most visited locations. In 2016, foreign tourists
preferred to travel in Catalonia and the Balearic Islands
received 17 million tourists
(data measured from January to November 2016). This represented an increase of 3.8% compared to the situation of the previous year.
Balearic Islands ranked as the second traveling destination in Spain, accounting for 12.9 million tourists, while the third location, the Canary Islands, received 12 million visitors.
It is important to know that the increasing number of tourists
offered numerous employment opportunities
, thus reducing the level of unemployment in certain regions. Our team of company formation agents in Spain
can offer more details on the Spanish workforce
and the employment regulations
Tourism industry in Spain
Investors are advised to choose Spain
for a tourism-related investment activity
as this sector is one of the most representative for the local economy. Spanish tourism
accounts for 16% of the Gross Domestic Product.