spain incentives foreing investment

SPAIN: NEW INCENTIVES

FOR

FOREIGN INVESTMENTS

abtALL BUSINESS TRADESpanish Desk

GENERAL PERSPECTIVE

!❑ Foreign investments are growing recently in Spain, due to

the new economical perspective and the new regulation that has been approved by the government.

!!!❑ Ex.: Bill Gates acquires the 6 % of FCC, one of the most

important building and infrastructure Spanish companies, for 113,5 million €, becoming the second major shareholder of the company. This being the most important investment from Bill Gates in Europe.

abt ALL BUSINESS TRADESpanish Desk

Thinking about your success

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➢In effect, Spain is the 6th most open country to Foreign Investment according to OECD’s FDI. !➢Over 12,800 foreign companies are currently located in Spain across all economic sectors. !➢70 of the FORBES Top 100 companies have branches in Spain.

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➢ International markets are an essential source of growth in a context of globalization characterized by a growing integration of markets. !➢ It has been highlighted the importance of internationalization as a growth factor and a diversification of the risk for Spanish companies. !➢ Immigration policy, traditionally focused on the labor market situation. Now it is taken into account, not only the specific situation of the domestic labor market, but also the contribution to the ecomomic growth of the country. !!!! abt



This has led to the approval by the Spanish Government of the

ENTREPENEURS LAW

!RD14/2013, dated 27/09/13,

encourage foreign investment.

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1 · Create employment through the establishment and implementation of business projects;

The most important measures adopted in this new regulation is the granting of residence permits to those who:

2

Business projects that create jobs or have a relevant impact from the perspective of socio-economic or s c i e n t i f i c a n d t e c h n o l o g i c a l innovation, (start-up’s, spin-off companies, etc.)

3 Invest in properties located in Spanish territory in a quantity greater than € 500,000 (total minimum investment)

4 Take on public debt amounting to 2 million € or 1 million € in Spanish bank deposits or Spanish companies shares.

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RESIDENCE PERMIT & REAL ESTATE

➢ For acquisitions of REAL ESTATE assets an investment from €500.000. The Law considers that this regulation will also apply to those who acquire said assets within the ninety days before the publication of the Law.(27-Sept-2013)

!➢ Investors may be entitled to apply for a two years Residency

Authorization provided that the residency visa is still valid or within 90 days as of the expiring date.

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RESIDENCE PERMIT & REAL ESTATE

!!➢ Investing through the acquisition of real estate properties in Spain (houses, plots or premises) requires a minimum of € 500.000 per each petitioner. !!➢ The € 500.000 investment must be free of charges, mortgages. The mortgages can be placed only for investments above €500.000 and on the amount exceeding said limit.

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RESIDENCE PERMIT & REAL ESTATE !➢ The Residency Visa will allow the petitioner to stay in Spain at least during one year. Applying for a residency authorization period above one year is possible provided that the applicant has travelled to Spain at least once within the authorized period and has kept the investment of 500.000 Euros or above. !!➢ The Residency Authorization will allow to stay for 2 years and petitioner will be able to apply for additional 2 years renewing the application.

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spain incentives foreing investment

Economy & Finance