|Local Time (LIVE):||2:13 PM|
|Local Currency:||$1 = €0.89|
|Business Language(s):||Spanish and English|
|Tax Year Dates:||1st January – 31st December|
With its highly developed economy, (the 5th largest in the EU and one of the fastest growing in the eurozone), financially, Spain is an attractive location to expand your business to. Not only this, English is a generally accepted business language, making negotiations and meetings a breeze. Despite it seemingly being the perfect location for expansion, there are a few things to consider before taking the plunge. Complex and differing tax rates across the 17 different regions can cause a bit of a payroll headache, as well as understanding Spanish legislation and making sure your business’s payroll and HR remains compliant. Luckily, FMP Global can help.