Our project managers will offer you in-depth information on incentives and financing options tailored to your company.
The main incentive programmes offer both preferential grants and loans for business projects in the following: R&D and innovation, training, energy efficiency, investment in fixed assets, and job creation with further incentives available for international activities.
Corporate benefits under the Spanish tax system
Corporate benefits under the Spanish tax system include R&D activities (between 25% and 59%) and technological innovations (12%).
Spain has a large number of double taxation treaties, especially with Latin American countries, which makes it an ideal jurisdiction for investments in Latin America.
For the tax periods starting in 2020 and 2021, the percentage of Technological Innovation deductions to the Corporate Tax will be increased from 12% to 25% for those activities whose result is a technological advance in obtaining new production processes, or substantially improved ones, in the value chain of the automotive industry.
Up to 59% in tax rebates for R+D+I
Spain and Catalonia offer one of the best tax deduction systems for research, development, and technological innovation activities for companies in Europe.
Tax Regime for Spanish Holding Companies
Tax Regime for Spanish Holding Companies (“ETVEs”) is a special Corporate Income Tax Act regime that applies to holding companies owning shares in non-resident entities. It is one of the most favourable tax regimes for holding companies and encourages international groups to establish headquarters and manage international shareholdings from Spain.
The main advantages of this regime are that certain income derived from non-resident companies can benefit from being exempt from dividends and capital gains derived by the ETVE, and from repatriating dividends to non-resident shareholders of the ETVE without being subject to withholding in Spain when specific requirements are met.
Success story: sharing the experience of Nupik International with the Financial Incentives service
Italian company Nupik International specializes in the manufacturing of disposable catering products. A few years ago, they invested in new infrastructures in Polinyà (Barcelona) to work with materials that are an alternative to plastic, such as carton or cellulose fiber.
Through Catalonia Trade and Investment, they qualified for the Incentives Program for High Impact Business Investments. Josep Verdaguer, Financing director at Nupik International, says that “working with Catalonia Trade & Investment has been very positive. They assessed us in the type of incentives we could get and matched them with our project”.
Want more information? Contact us!