The net annual labor cost per worker in Spain is about €29,363 (€21,638 for wages and salaries and €7,724 for other costs such as social security) according to the Annual Labor Cost Survey by the Spanish National Statistics Institute (INE) for 2008. The pay differences between the various educational qualifications are notable, as shown in the following table.

As the next chart shows, Spain has an ample supply of available office space at highly competitive prices, clearly below those of other European business hubs, in terms of both the price of land and average office rents.

 

Source: Cushman & Wakefield, 2009

Energy costs are also lower than the EU average.

For more information you can download the following documents:

Establishing a business in Spain (1758kb.)

Company and commercial law (2007kb.)

The Spanish financial system (3048kb.)

Accounting and audit issues (2121kb.)

Prepared by Garrigues

 

Last updated: 24|02|2010