Spain is the fourth largest economy in the Eurozone, the fifth largest in the European Union, the tenth largest among the Organisation for Economic Co-operation and Development (OECD) countries and the fourteenth largest in the world.
This is why one of the most attractive aspects of Spain is the growth potential of its economy, despite the ups and downs caused by the Covid 19 pandemic.
Spain is a country with great business opportunities due to its sustained economic growth, geopolitical competitiveness, and strategic geographical location, which opens the door to new markets in Latin America, Morocco, North Africa, and the Middle East. It is also a place with an open digitalization process.
The second aspect to take into account is the development of its infrastructures. According to the World Economic Forum's Global Competitiveness Report, Spain is ranked as the 12th most interesting country in the world to invest in for its infrastructures due to its geostrategic location. Specifically, it stands out for its transport, logistics, and digital facilities. In this sense, Spain is immersed in a digitalization process that represents a great investment opportunity.
Another interesting factor is the talent and capacity for innovation. This is one of the fundamental aspects that influence the competitiveness of companies. Skilled professionals are sometimes a scarce and expensive resource. For example, those with technical training are beginning to be in high demand, and Spain is positioned as one of the countries in Europe with the least problems in finding ICT specialists and, in general, the easiest to find talent compared to other European countries, seventh out of 24.
One of the most interesting aspects of investing in Spain is its quality of life. According to the OECD, it is ranked as the fourth country with the best work-life balance. In addition, its healthcare system is considered worldwide as one of the most complete for users.
In terms of costs, it is also an interesting country for foreign investment. The OECD states that it is one of the most competitive. For its part, the cost of renting offices in Spain is slightly lower than in other European cities. Not only that, but labour, industrial, energy and pharmaceutical costs are lower than those of its main competitors. On the other hand, tax costs are similar to the European average.