Spain - Market Entry and Legal Services

Lawyer & Law Firm in Spain

Spain, with the fourth largest population in the EU, is the 14th largest economy in the world. Although the scale of COVID’s impact on the Spain had been significant and there has been slow-down in economic growth due to disrupt in global supply chain and increase in inflationary pressure due to the Ukraine-Russia war but the economic growth rate of Spain still ranks among the best performing economies in the world.

Commercial Relations between India-Spain

Spain holds the position of the eighth-largest trading partner for India in Europe, with bilateral trade between the two countries reaching a value of approximately US$ 5.015 billion in 2020. India's exports to Spain include textiles, organic chemicals, iron and steel, seafood, automobiles, and leather products, while its imports from Spain consist of mechanical appliances, electrical machinery, chemicals, plastic products, and mineral fuels. Spain has also shown significant investment interest in India, ranking as the 15th largest investor with a cumulative Foreign Direct Investment (FDI) stock of US$ 3.439 billion from April 2000 to March 2021.

Business Advantage for Indian Companies in Spain

Spain has seen an increasing presence of Indian-owned companies in sectors like chemicals, pharmaceuticals, and rubber/plastic products. It is regarded as an open country for foreign investment, ranked 9th globally in terms of regulatory restrictions. Spain's large market size and potential for economic growth attract Indian investors. The well-developed business sector, infrastructure, favourable corporate tax rates, tax benefits for R&D, social security system, skilled workforce, and high standard of living make Spain an appealing destination for international companies.

Incentives and Support Programs by Spain for Indian Companies

Spain offers several incentives and support programs to attract and facilitate Indian companies' establishment and operations in the country. Here are some key incentives and support programs provided by Spain:

• Investment Promotion: Spain's agencies, ICEX and Invest in Spain, assist foreign companies, including Indian firms, with market entry and investment guidance.
• Tax Incentives: Spain offers reduced corporate tax rates, R&D deductions, and sector-specific tax regimes to attract foreign investment.
• Financial Assistance: Spanish government and regional programs provide grants, loans, and guarantees to support investment, innovation, and job creation.
• R&D and Innovation Support: Spain offers grants, tax incentives, and access to research centres for Indian companies engaged in R&D and innovation.
• Regional Incentives: Spanish regions provide additional incentives such as tax breaks, subsidies, and grants to attract investment and boost local development.
• Business Incubators and Accelerators: Spain's well-developed ecosystem offers mentoring, infrastructure, networking, and funding support to start-ups and new companies.
• Soft-Landing Programs: Spain's soft-landing initiatives facilitate foreign companies, including Indian ones, with market entry, research, legal procedures, and networking support.

Starting a Business in Spain

To establish your business in Spain, you must follow the necessary procedures and complete the following steps:

• Get the NIE (Número de Identificación de Extranjero) Number
• Register Name of the Company
• Opening a Bank Account
• Establishing Shareholders of your Company
• Going to the Notary to Sign the Public Deed
• Going to the Tax Agency
• Getting your Tax ID Code
• Registering with Social Security

Visa and Immigration

Spain offers several types of visas and immigration permits to foreign nationals who wish to establish a business in the country.

• Schengen Business Visa
• Work Visa
• Entrepreneur Visa

Spain presents an enticing opportunity for businesses seeking growth and expansion. As the fourth-largest economy in the Eurozone, it offers a substantial consumer market with over 46 million people and high purchasing power. Its strategic location serves as a gateway to the EU and Latin American markets, supported by well-developed transportation infrastructure.

To read more about the Spain market and various business opportunities – CLICK HERE

How Do We Help?

At India Law Offices (ILO), we strive to deliver exceptional legal services to our clients not just within India, but on a global scale. Over the past two decades, we have diligently expanded our presence by establishing strong partnerships, both formal and informal, with esteemed professionals from leading law firms in key commercial hubs worldwide. These alliances have empowered us to offer efficient and seamless representation of the utmost quality in any jurisdiction. Through our extensive network, we are able to cater to the diverse needs of our clients and ensure that they receive top-notch legal assistance across borders.

With a host of global affiliations with some of the largest law firms and legal networks, India Law Offices makes business possible worldwide for its clients. We provide comprehensive support to Spanish companies seeking to enter the Indian market. Our services encompass various aspects such as establishing subsidiaries or branches, navigating commercial contracts, and addressing any legal requirements. Additionally, we extend our expertise to Indian companies aiming to expand their operations in Spain, offering corporate assistance and legal support tailored to their specific needs. In collaboration with our Spanish counterparts, we are well-equipped to provide guidance on cross-border transactions between India and Spain, including mergers and acquisitions (M&A), joint ventures, and other related activities. We are committed to helping our clients navigate the complexities of Indo-Spanish business collaborations and achieve their desired outcomes. Our expertise extends to a wide range of areas, ensuring comprehensive assistance in various aspects such as:

• Corporate and M&A – Incorporation of Company, Branch Office, Merger & Acquisitions, Joint venture, Technical Collaboration, Taxation, Financial Reporting
• Commercial Contracts – Drafting & vetting of contracts like franchising, distribution, sales and marketing, licensing etc.
• Business and Civil Litigation – Representation before courts and judiciary bodies, Arbitration, Mediation
• Immigration – Obtaining Visa, Citizenship, Visa extension, Work Permit etc.
• Labour & Employment – Advice on Employment Laws, Tax implication on French nationals working in India, Drafting Employment Contracts & HR Policy
• Real Estate – Buying & Selling of Property, Development of real estate projects.
• Intellectual Property Rights – Trademark, Copyright & Patents registration
• Family Law and Inheritance – Cross border Divorce, Marriage Registration, Child Custody, Adoption, Drafting Will, Setting up Trust or Estate

Our Partner in Spain

India Law Offices and Legalfes S.L. have formed a collaborative partnership to facilitate legal work between India and Spain. This collaboration is strengthened by their mutual membership with Warwick Legal Network, a network comprising independent commercial and business law firms. By leveraging this association, both firms can effectively address legal matters that arise between the two countries. This cooperative alliance enables them to provide comprehensive legal services and expertise to clients involved in cross-border transactions, ensuring a seamless and efficient approach to matters spanning India and Spain. Legalfes S.L. has offices located in Madrid, Spain and offers expertise in areas of Tax Advisory, Tax Compliance Advice, Tax Planning, Tax Inspection, Advising and Information over International Tax.

If you are a Spanish company or individual seeking assistance in India or an Indian entrepreneur planning to enter the Spanish market, we encourage you to complete the form below and connect with our team of legal experts. We are dedicated to providing the guidance and support you require.