Being the 9th largest economy of the world, Spain is an attractive economy in Europe to be located. Besides that it is easily accessible for companies in Latin America (language) and it has a gateway function for Africa.
With a position like this, a good logistics network is essential and Spain lead Europe in many of the key criteria relating to infrastructure and logistics services. Spain is rated third in Europe in both passenger traffic and maritime transport of goods and has the most kilometres of freeway and divided highways in Europe1. Spain also has the second largest amount high speed rail network in the world2.
Spain also boasts the second highest Broadband penetration in businesses in Europe3 Spain offers a competitive business environment and the gas price for industrial use is the lowest of Europe1.
In Research and Development, Spain has attracted the third largest number of R& D centres in Europe from multi-national companies in the period 2003 to 20104.
Expats like moving to Spain, and it is regarded to be the second best country when it comes to quality of life for expats5 Beside that, two of the top business cities in the Europe, Barcelona and Madrid6, are Spanish.
The most problematic factors for doing business in Spain7 according to the Global Competitiveness report 2011 are:
• Access to financing
• Restrictive labour regulations
• Inefficient government bureaucracy
1 Eurostat 2010
2 Accenture and Ministry of Public Works, 2010
3 OECD Global E-Government Survey 2012
4 Invest in Spain 2012
5 HSBC Bank International, Expat Explorer Survey, 2009
6 Cushman & Wakefield, European City Monitor, 2011