The IT sector in Spain is comprised of several sub-fields which can be attractive for investors who want to set up a company here. The internet sector is very developed in this country, as more than 35 million citizens in Spain are using various services provided by the local companies (out of a total population of over 46 million). Furthermore, the local authorities are setting up new measures to provide high – speed internet services to the Spanish citizens and by 2020, it is estimated that 100% of the population will be connected to internet providers. Our team of lawyers in Spain can provide legal representation on the procedures that must be completed during the incorporation of a business in one of the Spanish regions.
Digital Agenda for Europe in Spain
Legal entities operating in Spain may benefit from the local broadband strategy, which implements the European Union’s policies on this matter. The Digital Agenda for Spain will establish new broadband networks available for the private sector, one of the purposes set up in this sense being to offer broadband services at 100 Mbps for at least 50% of the Spanish households, no later than 2020. Our team of Spanish lawyers can offer more details on the policies established under the national program.
The following video offers a short presentation on the registration of an IT business in Spain:
Investors interested in opening a company in Spain in this sector must know that the national broadband strategy will impose new regulations for the following types of services:
• ultrafast fixed internet networks;
• ultrafast mobile internet networks (offered at 30 Mbps in regions with less than 5,000 inhabitants).
Requirements for IT companies in Spain
IT sector in Spain is also comprised of the telecommunication sub-sector, which is an important employer. At the level of 2016, the telecommunication companies registered in Spain accounted for more than 60,000 employees.
Companies registered in one of the member states of the European Union may provide their telecommunication services in Spain by notifying the National Markets and Competition Commission, a regulation which is also available for Spanish legal entities.
Business entities operating in this industry may operate on the local market only in the situation in which Spain has signed a bilateral agreement with the country in which the respective applicant is registered as a tax resident.
Foreign businessmen can find out in-depth information on the business licenses available for IT companies from our attorneys, depending on the activities that will be carried out on the local market. Please contact our law firm in Spain for legal assistance on this subject.