Business in Spain - Investment support
Investment support and intensives in Spain
In Spain, a extensive and comprehensive system of aid and incentives developed by the central government and other government bodies, with a special emphasis on promoting permanent employment, productive investments and research, development and technological innovation (R&D&I).
There are a number of s financial and fiscal incentives and programs to promote innovation, technological improvements and R&D projects in may sectors of the Spanish economy. Training and hiring incentives for certain types of workers, offering business owners significant savings on labor costs, recently reinforced for entrepreneurs and SMEs.
Regional Governments [Autonomous Communities] and Local Governments also provide incentives and investment support programs for new companies and reinvestment and development and job creation.
Selected Central and Regional UE Incentives Schemes for investment
European Union regulations establish the requirements that must be fulfilled by the Member States of the UE in order to provide incentives to investment and development of activities by companies. This investment should be new investment [greenfield or new establishment] or enlargement or development of new activities for already existing companies.
Other selected financial an incentives programs
In addition, in Spain, there are many programs and financing lines specifically targeting companies developing innovative activities. These incentives can be available to all kind of companies and activities as far as they develop an investment project focused on Research & Development and Innovation. There are different public institutions that provide these incentives for R&D&i in Spain, being the most proactive in supporting R&D for international programs the CDTI and the SETSI Secretariat of State for Telecommunications and Information Society, among others.
In addition, as an EU member, Spain has access to European aid and financial programs. Moreover, there are many others support and incentives schemes for investing and doing business in Spain.
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