Although Spain continues to struggle with high unemployment rates, the Federation of International Trade Associations (FITA) reports several encouraging signs in this market, most notably that its "economic growth has been accelerating since 2004, from 3.3% to 3.7% in 2007." In addition, the organization notes positive changes that range from labor law reform to reduction of the inflation rate, which fell to an estimated 2.8% in 2007. This section is designed to help your company identify and assess its international trade opportunities in Spain.
Perhaps you're interested in establishing a partnership with one of the country's exporters. You may be considering joint ventures with Spanish companies, franchise or licensing opportunities or sales of your products and services in Spain. Whatever your interests and needs, the resources provided in this section will lead you to information that can support your entry into the Spanish market.
More About Business Basics
Everything from understanding government regulations and tariffs, to the right labeling and gaining local representation comes into play when doing business in Spain. Getting the basics down can prepare you for market entry.
The Federation of International Trade Associations, (FITA), whose members include more than 450,000 trade-related organizations, created this resource, which provides an introduction to the Spanish market. Use the links on this page to navigate to more information about the economy and political structure, business environment and rules for buying, selling and operating a business in Argentina.
This profile of the Spain market was prepared by the Australian Trade Commission (Austrade), the Australian Government's trade and investment development agency. It reviews Spain's economic climate and provides information and statistics about trade relations. In addition, it offers information about business opportunities and etiquette and such topics as tariffs; import restrictions; product certification, labeling and packaging; methods of quoting and payment; and various documentation and tax issues.
UK Trade & Investment, a division of the government of the United Kingdom, created this downloadable PDF report on doing business in Argentina. The report provides introductory information about the market, advice to companies that want to export to or do business in Spain, and a guide to etiquette, language and cultural concerns.
The U.S. Department of Commerce prepared this report, and while it includes chapters dedicated to the sale of U.S. products and services in Argentina and leading sectors for U.S. export and investment, it also addresses topics of more universal interest, such as Spain’s:
- Political and economic environment
- Trade regulations and standards
- Investment climate
- Trade and project financing
- Business travel
- Contacts, market research and trade events
Understanding market-specific issues, such as licensing, employment issues, getting credit, and starting a business or franchise, is critical in moving into new countries.
The World Bank's "Doing Business In" project compares business procedures and economic regulations in 181 countries throughout the world. This page provides introductory information about the Spanish market. Most World Bank materials are published in English, Spanish, Portuguese, French, Russian, Chinese and Arabic.
This comprehensive report includes chapters about dealing with licenses, starting or closing a business, employing workers, getting credit, protecting investors, paying taxes, enforcing contracts and trading across borders in Spain.
This World Bank chart summarizes the procedures, schedule requirements, and costs associated with setting up a business in Spain.
Using the building of a warehouse as an example, this page features a chart summarizing the procedures, time and costs to build in Spain. Text beneath the chart provides details about each procedural step in the process.
Business success abroad depends not only on the quality of your products and services, but also on the knowledge and respect you show for the customs and manners of business people in your host country. These guides will help you to ensure that your business conduct in Spain makes a positive impression.