, a member state of the European Union (EU), provides to local and foreign investors business incentives
created by the local government, as well as incentives
available under the EU legislation. Such incentives
are awarded in accordance with the business field in which the company
is operating, as well as on its size. Those who want to start the procedure of company formation in Spain
must know that certain conditions can apply for businesses which want to obtain various incentives
and our team of company formation representatives
can offer more information on the requirements imposed by the local authorities.
Incentives addressed to businesses in Spain
The Spanish government
provides a wide set of incentives
created to further develop specific business fields. They are also imposed to attract foreign direct investments
on the local economy, which usually has positive effects on the Spanish Gross Domestic Product
Those who want to open a company in Spain
can apply for the local aid programmes available here regardless of the type and size of the company
. Small and medium sized (SMEs) companies
can obtain numerous aids and loans
It is also important that the grants offered by the Spanish authorities can also be accessed by self-employed persons (operating as sole proprietorship).
The incentives available in Spain are categorized on the main following types:
• research and development;
• capital increase.
Incentives for young entrepreneurs in Spain
who are interested in company registration in Spain
can obtain a grant
provided by one of the many state agencies. For example, all types of companies in Spain
can apply at the Official Credit Institute (ICO)
for the ICO Companies and Entrepreneurs programme
, which is held on an annual basis.
Under the programme ENISA Creation: Entrepreneurs and Young Entrepreneurs Line, provided by the National Innovation Company S.A., entrepreneurs can obtain a grant of EUR 300,000, while the young entrepreneurs may obtain a funding of EUR 75,000. Still, it is important to know that the grant is available for all business fields, except for those operating in the fields of real estate and finance.