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Local Incentives for Companies Operating in Spain

Written by: Bridgewest

Local-Incentives-for-Companies-Operating-in-Spain.jpgSpain can offer a set of local incentives, provided through various grants, loans or subsidies, designed to assist the development of the Spanish business environment. Foreign investors who want to open a company in Spain should know that the local incentives are available for both Spanish and foreign entrepreneurs. Spanish financing programs are available for all types of companies and for various economic fields. Our team of company formation representatives in Spain can offer in-depth information related to the procedures that must be completed when applying for a local grant
 

Young Entrepreneurs in Spain 

 
Businessmen who are interested to start the procedure of company formation in Spain and who are at the beginning of their professional development can apply for the Young Entrepreneurs Emprendetur program, which is available under the form of a loan
 
The program is available for small and medium sized (SME) companies in Spain which have been incorporated with maximum 24 months prior to the registration under this funding scheme. At the same time, the age of the applicants should not be above 40 years old and our team of consultants in company registration in Spain can offer more details. 
 

Environmental incentive in Spain 

 
The environmental component became very important for companies which have business activities with a negative impact of the quality of environment. Thus, the local government provides a financial aid of maximum EUR 120,000 under the form of a subsidy for companies that will implement feasible projects related to the climate change. The call is available for SMEs in Spain

 

Human resources incentives in Spain  

 
During the procedure of company registration in Spain, the investors will need to register for taxation purposes related to the company’s employees. It is important to know that social security contributions can be reduced if the company employs young persons, under the regulations of the Law 11/2013. The legislation is applicable to all types of companies, regardless of the economic sector in which they carry their operations and it aims at employees under the age of 30 years old. 
 
Businessmen are invited to address to our team of company formation agents in Spain for assistance on the above mentioned incentives, as well as on other funding programs provided by the Spanish institutions
 

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