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Spain

Spain offers a unique blend of innovation, quality of life, and economic opportunity within the European Union.

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Madrid

Sources: DG for Communication

Euro (€)

Sources: DG for Communication

Spanish

Sources: DG for Communication

48.6M

Sources: Eurostat

25% Corporate Tax

Reduced rates for small companies (21-22%) and startups (15%). 2025.

Spain's 25% corporate tax rate is complemented by significant reductions for SMEs and a highly attractive 15% rate for startups, fostering a dynamic business environment.

31st in Tax Competitiveness

International Tax Competitiveness Index. 2023.

Spain's tax system, while complex, has been evolving to improve its competitiveness and create a more favourable climate for investment and growth.

12% to 50% R&D and Tech Innovation Deductions

Deduction Percentages and Bases for R&D (25%, 42%, 17%, 8%) and Innovation (12%, up to 50%). 2025.

Spain strongly promotes innovation with gR&D: 25% deduction (42% on excess), +17% staff, 8% assets. Innovation: 12%, +38pp to 50% for auto SMEs post-6/25/20, +3pp others. Base: EU/EEA costs minus subsidies, supporting a vibrant tech sector.

89% Achievement on SNS #1: Fast Startup Score

Efficiency of starting a business and administrative support. 2024.

With a perfect score for startup efficiency, Spain provides a fully digital and streamlined process that makes launching a new business fast and straightforward.

2.0% GDP Growth

Annual real GDP growth rate forecast. 2025.

Spain's diverse and resilient economy is projected to grow strongly, driven by a thriving tourism sector and a robust recovery in domestic demand.

100% on SNS #6: Access to Finance Score

Availability of public and private funding for startups. 2024.

With a top score for access to finance, Spain's flourishing startup hubs are supported by a deep and growing ecosystem of local and international investors.

30th on Ease of Doing Business Ranking

Stable business climate with efficient cross-border trading and startup processes.

Spain ranks highly for its business-friendly environment, offering efficient processes for trading across borders and starting a business, reflecting a supportive regulatory environment and streamlined procedures for trade and business establishment.

€24.60/hr Labour Cost

Competitive Rate in EU Business Economy. 2025.

Spain's competitive labour costs, combined with a large and skilled workforce, provide a significant strategic advantage for businesses operating in the Eurozone.

Personal Income Tax Rate 24% general; 19% EU/EEA for non-residents

24% general; 19% EU/EEA; special reduced rates for specific income types. 2025.

Spain's progressive personal tax system funds its robust public services, including a renowned national healthcare system and extensive social infrastructure.

Spain's health system ranks among Europe's best, offering extensive care and services that enhance quality of life and well-being.

46th on Global Cost of Living Rank

Spain ranks 46th globally; compares relative costs of goods and services across 136 economies. 2025.

Experience a world-class quality of life at an affordable price. Spain’s low cost of living compared to major European economies offers exceptional value and opportunity.

With its sunny climate, strong social connections, and relaxed lifestyle, Spain offers a high quality of life that consistently places it among the world's happy nations.

Ranking in the top quartile for global peacefulness, Spain offers a safe and secure environment with a stable society and low levels of violent crime.

Spain's employment rate is steadily increasing, reflecting a dynamic and recovering labor market with growing opportunities across various sectors.

A world leader in e-government, Spain provides comprehensive digital-first services, making interactions with public administration exceptionally efficient.

With inflation forecast to decline, Spain's economy is moving towards greater price stability, fostering a predictable environment for consumers and businesses.

Non-EU citizens must have a valid passport and visa unless exempt. Short stays up to 90 days require a Schengen visa, while longer stays necessitate a national visa or residence permit. Entry may be denied if all conditions are not met.

EU citizens can enter Spain with a valid passport or national ID card. For stays exceeding three months, they must register with local authorities and provide proof of employment, sufficient financial means, or enrollment as a student.

This is a residence permit for non-EU founders to establish an innovative business. Granted for three years, the key requirements include a validated business plan, sufficient funds, and a favorable report from ENISA.

Spain has embassies and consulates worldwide that offer visa services and assistance to its citizens abroad. A current list of these missions is available on the Ministry of Foreign Affairs website