Investing in Spain

Post new topic

Diksha Moderator

Member since 01 September 2017

DikshaModerator22 January 2020 08:40:19

4832

Hello everyone,

During your expatriation in Spain, you might have been made aware of interesting investment schemes (local or international). Whether one wants to make money grow, protect oneself or prepare for retirement, investment is always an attractive option. It is, however, never free of risk. Would you, therefore, like to share some practical information for other expats and expats to be?

Is the Spanish economy open to foreign investment? Do local authorities encourage investment (through formalities, tax etc.)?

What are the promising sectors to invest and do business in Spain?

Who do you turn to for information before investing your money? (organisation, professional, lawyer, consultant)

According to the sectors of activity and the projects, what budget should be foreseen for an investment in Spain?

What do you think are the pitfalls to avoid and what advice would you give someone who wants to invest?

Thanks in advance for your feedback,
Diksha

Johncar Spain expert

Member since 25 November 2013

JohncarSpain expert22 January 2020 09:03:00

1412

Just on the General theme of who one goes to for advice

A ‘wealth warning’.

Be aware that most financial advisers, and more so those who offer a ‘free’ service, are very probably providing the service to make money for themselves. Thus they are very likely to recommend the ‘investments’ which makes the most fees of commission for them.

Whilst the investor can always be in a position to loose, the adviser will almost alway win !

PS I say that having investigated several fraud cases in UK.

Articles to help you in your expat project in Spain

Working in Tenerife
Are you looking for a job in Tenerife? While there are certainly opportunities, especially for fluent Spanish ...
Internet in Spain
Whether for work or play or keeping in touch with friends and relatives abroad, getting online will most likely be ...
Working in the Canary Islands
The Canary Islands is Spain's southernmost autonomous community, an archipelago in the Atlantic Ocean, more ...
Popular neighbourhoods in Seville
Once you have decided to make the beautiful city of Seville your home, the next order of business is finding a ...
Accommodation in Madrid
Madrid, the bustling capital of Spain, is a popular destination for thousands of expatriates each year. With its ...
Customs in Spain
Before traveling to Spain for your new life abroad, you will need to be aware of the country's ...
Developing your social circle in Seville
For many people, building a new circle of friends is one of the most daunting aspects of being an expat. Missing ...
Buying a property in Seville
Dreaming of settling into a modern neighborhood with great restaurants and green spaces or a luxury penthouse in ...