The fast moving consumer goods (FMCG) sector in Spain has developed in 2017, due to the local consumer confidence and needs. In the first eight months of the year, the FMCG sector increased in value by 0.8% compared to the previous year and the highest growth was observed for fresh food products. Investors who want to open a company in Spain in the FMCG industry must know that the growth was also significant for packaged goods and household products. Our team of specialists in company formation in Spain can help investors register a FMCG company, which can also operate in the online environment. The latter channel of distribution has gained more confidence and the field has a real potential on the Spanish market, as it is the case for other European economies.
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FMCG sector in Spain
The Spanish consumers are interested in purchasing fresh products, which are generally bought from large FMCG chains. Investors wanting to start the procedure of company registration in Spain for a FMCG legal entity should take into consideration that this sector is very developed regarding:
- supermarkets;
- e-commerce FMCG businesses.
The highest growth was registered in the case of large European supermarkets operating on the Spanish market, while the regional supermarkets reported positive results for goods such as:
- fresh products;
- manufacturer brands.
Important aspects for a FMCG business in Spain
One of the first aspects that should be decided when setting up a FMCG business in Spain is the location of the store. The store must be located in an area that can be easily reached by customers. During the procedure of company formation in Spain, the investors will need to sign a rental contract for their store, which may include additional facilities, such as a parking lot, if the respective shop will be of large size. Our team of agents in company formation in Spain can advise on the documents necessary in this case.
Also, the company’s strategy should include the types of products that will be sold by the supermarket, depending on the characteristics of the local market.
Businessmen are required to register for tax purposes and to hire local workforce that can cater the daily activities of the FMCG business. Investors may contact our team of company registration consultants in Spain for these matters and they can also advise on the specific business permits available for this field of activity.