DIGITAL
MAGAZINE
EUcommerz.com
Web
Live Spot Rates
EU MEMBERS > Spain
Spain business environment
Doing business in Spain
KEY FACTS

Spain’s mixed capitalist economy supports a GDP that on a per capita basis is approaching that of the largest West European economies. Spanish banking system is considered solid, thanks in part to conservative oversight by the European Central Bank, and government intervention to rescue banks on the scale seen elsewhere in Europe in 2008 was not necessary. (CIA World Factbook)

Currency: EUR
Key exchange rates:
Interest rate: 1%
Current inflation: 1.4%
Inflation target: 2%
Tax rate: 16%

Major Spanish owned companies:

Inditex
Inditex is one of the world’s largest fashion distributors, with companies including Zara, Massimo Dutti and Bershka. There are 4,278 stores in total in 73 countries.
Acciona
Acciona is a Spanish company and a pioneer in sustainable development. Acciona develops and manages energies, infrastructures and services that share common customers, and has a management philosophy geared towards maximizing return.

FIRST STOP
Banking
Banco de España
Banco de España is the national central bank of Spain. The bank is a member of the Eurosystem and the European System of Central Banks (ESCB).
Santander
Santander is one of the world’s leading banks by market capitalisation and number one in the euro zone.
Legal
Garrigues
Garrigues is a firm comprising lawyers, economists and other professionals, whose aim is to provide tax and legal advisory services. Garrigues is by far the largest and leading law firm in Spain, with almost 1,500 fee earners (lawyers and tax advisors), 185 of which are partners, and offices in 24 of the main cities throughout Spain.
F&S Consultores
F&S Consultores is specialised in, amongst others, the setting up, management and administration of Spanish and international companies and assets, trusts and foundations, as well as international fiscal and patrimonial planning.
Accounting
SATORRA, PLANAS & ASOCIADOS S. L.
SATORRA, PLANAS & ASOCIADOS S. L. is a firm of skilled professionals that offers comprehensive accounting audit and consultancy services, plus related areas.
HLB Bové Montero y Associados
HLB Bové Montero y Associados is a well-established firm of accountants and business advisers with offices in Barcelona, Madrid, and Palma de Mallorca. The company was formed 25 years ago and can trace its origins to early times of the audit and accounting profession in Spain. Many of our clients are subsidiaries of international groups.
EUROPEAN BUSINESS ENVIRONMENT OVERVIEW
See all EU member states
Spain
Spain flag
FLAG
Spain map
MAP
Capital: Madrid
Official languages: Spanish
Government: Parliamentary monarchy
EU accession: 1986
Area: 505,988 km2
Population: 40,491,052 (July 2008 est.)
Internet TLD: .es
Calling code: +34
EUROCHAMBRES
Eurochambres, the European Association of Chambers of Commerce and Industry, is one of the key representatives of business to the European institutions. It voices the interests of over 19 million member enterprises in 45 European countries through a network of 2000 regional and local Chambers represented by 45 national - and one transnational - organisations. More than 90% of these enterprises are small or medium enterprises, with chamber members employing over 120 million employees.

Eurochambres is the sole European body to serve the interests of every sector and size of European business - due to the multi-sectoral membership of Chambers - and the only one so close to business, as a result of the Chambers’ regional focus.
http://www.eurochambres.eu
CHAMBER OF COMMERCE IN Spain