Economy
Spain has a mixed capitalist economy, which has been one of the most dynamic and rapidly growing among EU countries. The country’s GDP has grown steadily over the past decade and the economy is currently expanding at a steady pace.
Entrepreneurship
Having a business in Spain can offer a number of advantages for companies, such as access to the European market, a skilled workforce and a favourable business environment. However, there are also some challenges that businesses should be aware of when starting a business in Spain.
Jobs
Having a job in Spain can offer a number of advantages, such as a high quality of life, a diverse culture and a favourable climate. But there are also some challenges that workers should be aware of when looking for a job in Spain.
Taxes
Taxes in Spain are a complex and nuanced subject, with a range of different taxes that individuals and businesses have to pay. The Spanish tax system is divided into two main categories: direct taxes and indirect taxes.
Beckham law
The Beckham Act, also known as the Non-Resident Income Tax Law. Introduced in 2005, the law was named after the famous English footballer David Beckham, who was one of the first high-profile individuals to take advantage of the law when he moved to Spain to play for Real Madrid.
Banks
Spain has a well-developed banking sector, with a variety of financial institutions offering loan products and other financial services. Some of the largest banks in Spain include Banco Sabadell, Santander, BBVA, Citibank, HSBC and Deutsche Bank.
Insurance companies
Spain is home to a diverse and well-developed financial sector, including a number of insurance companies offering a range of insurance products and services. Some of the largest insurance companies in Spain include Banco Sabadell, Santander, BBVA, Citibank, HSBC and Deutsche Bank.
