Transport and Communication System 7.
Setting up a business amid an economic downturn is always more risky and there are several facts to consider before you decide to set up a company in Spain.
To set up a business in Spain, it is essential to understand the business climate of the country as compared to other European countries. According to the Global Competitiveness Report for and by the World Economic Forum, Spain ranks 29 out of countries for the second consecutive year.
Competitive factors in Spain despite the economic crisis are globalisation of markets, Employment and business environment infrastructures, and good business strategies. However the report also points out that Spain lacks in research and development investment and flexibility in the job markets.
Another report — Global Technology Report for and — ranks Spain at 34th position, three positions down from the previous year. This study emphasises Spain has not been as competitive in the information technology market as other countries.
This report highlights Spain would profit by paying more attention to innovations in the fields of energy, mobility, health and environment. Business income tax in Spain At the moment, income tax favours both foreign and local companies.
Special beneficial tax rates apply to companies entering the market. As ofa new incentive to prevent workers from being laid off was established for companies of all sizes. However, the recent economic recession had an impact on local economy.
There has been no mass exodus of foreigners as in other European countries, but it is common knowledge that market for commodities has reduced over the last 18 months since the start of recession.
However, not all companies have been hit hard by the economic crisis. PPV pay per view and VoD Video on demand and e-books have also increased substantially as did gaming industry and social networks.
On the other hand, movie, music and television industry have decreased in sales. Unemployment has increased in all economic sectors and has affected female and male workers of all ages. There is a massive availability of very skilled workers who are likely to take on jobs even though the pay is not too high.
As opposed to previous years, companies would be able to hire locals who have 10 years of expertise with the same pay offered to a fresh graduate. Most Spanish companies believe that new graduates are an asset because they can be moulded to fit the company philosophy.
Thus, experienced workers that become unemployed cannot ask for more than graduates. INE has created numerous plans to encourage companies to hire. As a company entering the Spanish market, it is useful to know these measures.
Electricity prices are up by almost four percent and shopping basket by almost 10 percent. However, salaries have not varied accordingly. When talking about quality of life in Spain, opinions differ greatly. Retired expats would complain about the rise in prices of their daily consumption items and household maintenance costs but praise the speed and quality of healthcare system.
On the other hand, newly-arrived workers would grumble about the traffic congestion and housing availability but praise the variety of leisure activities and freedom.
Another study, Quality of Live Index for by magazine International living gives Spain an overall score of 68 over Spain ranks among the highest in terms of freedom, leisure and culture, risk and safety, health and climate but lacks in sounding economic policies and infrastructure.
This means companies who want to set up their offices in Spain would now have access to a wide range of rental and purchase properties for their premises.
New companies arriving in Spain will have more bargaining power and more office spaces to choose from. Currently, newly-constructed offices in the outskirts of the cities are being offered at low prices due to their distance from the city centres.
Established companies are also vacating their premises in the centres for cheaper neighbourhoods.List of information about Self-employment.
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The totality of economic factors, such as employment, income, inflation, interest rates, productivity, and wealth, that influence the buying behavior of consumers and institutions.
Communication from the Commission on environment and employment (COM () final, of 18 November ) Analysis on the wider links between the environment and employment Most studies have in the past concentrated on employment in the eco-industries. Business environment in Spain. Home Working in Spain Self-Employment Business environment in Spain.
Last update on August 03, Written by Daura Carballo. Share. If you are planning to expand or set up a business in Spain, there are several factors to .
Employment of administrative services managers is projected to grow 10 percent from to , faster than the average for all occupations.
Administrative tasks, including facility management and records and information management, will remain important in a wide range of tranceformingnlp.com-level education: Bachelor's degree. Jun 30, · The business environment your company moves through is made up of internal and external elements.
External elements include technology, law, .