The advantages of Spain and Portugal when it comes to investing
There is no doubt that Spain and Portugal are the gateway to a market of more than 500 million consumers in the European Union, providing Latin American investors with an ideal platform to expand their businesses internationally.
Membership in the eurozone, moreover, provides financial stability and reduces the risks associated with currency volatility. And the combination of advanced infrastructure and existing government support in both countries creates an environment conducive to long-term investment and business growth.
One advantage that includes both Spain and Portugal is Chile's relationship with the European Union, an entity that renewed your Trade Agreement with our country last year. This will allow, for example, our exports of industrial goods to the EU to be tariff-free, as well as opening opportunities for Chilean citizens to provide services in the EU as independent professionals.
For its part, Spain ranks as the fourth most attractive country for investors among the top ten European countries, according to the survey “European Investor Intentions Survey"of 2024. The study also includes a ranking of the ten most favorable European cities for investment, which include Madrid and Barcelona.
According to the site, Spain's main attractions for investors are Santander TradeThe rise of tourism, its highly efficient transport network, the development of renewable energies and the cultural proximity to Latin America, in addition to a restructured financial sector.
This means that, according to figures from World Investment Report 2023 According to UNCTAD, Foreign Direct Investment (FDI) revenues in this country reached US$34,8 billion in 2022. In that same year, real estate investment by Chileans abroad reached US$10 billion.
Regarding guarantees, Spain has signed bilateral agreements with nearly 90 countries, in addition to being part of the MIGA convention (Multilateral Investment Guarantee Agency).
In turn, Portugal offers a number of attractive advantages to Chilean investors. Chile-Portugal Chamber of Commerce It highlights the fact that, beyond being a gateway to Europe, the Portuguese nation is itself a market of some 500 million people with high purchasing power.
Furthermore, they add, the country has a legal framework favorable to investment, which is manifested, for example, in the work of the Portuguese Agency for Investment and Foreign Trade (AICEP), which provides facilities in procedures and communications, along with other organizations such as Cutting Red Tape and Empresa na Hora.
Portugal has a special interest in promoting startups, and since 2016 the capital, Lisbon, has hosted the annual event WebSummit, an annual technology conference considered the world's largest technology event.
Finally, but no less importantly, an investment of 500.000 euros in Spain or Portugal opens the door to their programs. Golden Visa, which grant you residency in these countries, and, subsequently, a European passport for you and your family.
How can AIM Global help you? We offer services such as company formation, real estate brokerage, due diligence, opening bank accounts, and tax representation. We also advise you on obtaining a Foreigner Identification Number (NIE).
And if it's a Golden Visa, a Digital Nomad visa, or an entrepreneur visa, don't hesitate to schedule a meeting with our teamWe are experts in international mobility: if you want to invest in Europe, leave it in the hands of the best.
