Spain is not only a good destination for investment and creating opportunities for establishing projects, but today it may be one of the best options within the European Union, thanks to the capabilities and policies that it has adopted, which contributed to the recovery of all sectors in it. In this article, you will learn about the four most important reasons that made Spain receive the attention of many investors around the world.

  1. Spain’s economic strength compared to other countries

Spain has the strongest economic sectors in the world, and it ranks 13th in terms of the volume of international and domestic investment. The attractiveness of Spain for investment lies not only in its domestic market but also in its trade policies with all countries of the world. Spain has a population of about 47 million, with nearly 20 million people part of the labor force, and is a member of the European Union, as well as the Organization for Economic Co-operation and Development and the World Trade Organization. The economy of Spain is based on the agricultural sector, which contributed about 2.73% of the GDP, the industrial sector by 20.5%, and the largest proportion of the services sector, which constituted 67.15%. As for the tourism sector, nearly 80 million tourists visited Spain which puts the country in second place after France as the most visited country around the world, as this sector generates income amounting to tens of billions of euros, making it the second country in the world in terms of revenue from this source after the United States, this sector is not only a major economic engine But it also generates many entertainment and tourism opportunities and potentials for those interested in investing in this country.

  1. Access to global markets

As a member of the European Union, Spain has market access to more than 500 million people. In addition, Spain has more than 20 bilateral trade agreements with different countries in Europe, the Middle East, and Africa. Spain shares its borders with the largest number of other Spanish regions in addition to Portugal, and as a result, it has a privileged strategic geographical location within the European Union, allowing access to its partners in Europe, the Middle East, and Africa region in addition to the economic, historical and cultural relations that Spain has with Latin America, thanks to Its proximity to the main ports and logistical centers makes this the ideal location as a starting point for serving the local and international markets. This location also benefits the country from a modern and wide transportation network represented by highways and an integrated railway system that connects the capital, Madrid, with many important centers around within just an hour.

  1. The culture of the country and the quality of life it offers

Spain ranks 25th out of 189 countries according to the United Nations (UN) Human Development Index which measured a number of factors that included living standards and education levels among others. Spain enjoys an excellent quality of life, an abundance of sports facilities and centers, and is known for its diverse cultural heritage as a result of its location as a crossroads of Roman, European, and even Arab civilizations. The Spanish educational system is ranked 17th in the world in terms of quality and is supported by the national government which has made primary and middle school education compulsory and accessible for all children between the ages of 6 and 16. Spain ranks eighth in terms of the best healthcare system in the world and is the most efficient in Europe, combining the best private and public institutions and facilities.

  1. A suitable business climate and a variety of investment opportunities

Spain has become a land of opportunities for investors around the world looking to start new business ventures because it has a stable economy, and now, with a GDP of over $1.3 billion, Spain has become the fourth-largest economic powerhouse in Europe. Spain has also won plaudits for being the best gateway through which to do business in Latin and South America. Spain has 17 agreements for the avoidance of double taxation in Central and South America and 19 agreements for mutual protection and investment promotion with various countries and organizations. Starting a business in Spain is a simple process that requires some time and knowledge, but is available to anyone with the means, as the country – Barcelona in particular – has become one of the most popular startup capitals in the world.

Spain has an investment environment that has made it one of the strongest economies in the world, including the real estate sector, which is witnessing a state of prosperity year after year. If you are interested in one of the real estate investment options in Spain, you can contact our specialized team by visiting the link here.