ICEX-INVEST IN SPAIN

Aragon

Start-up incentives

Aragón Exterior, a state-owned company held by the Aragonese Government, offers foreign investors in Aragon a comprehensive service for starting up investment projects, coordinating with the different government agencies involved in establishing a company and simplifying formalities for project start-up. www.aragonexterior.es

R&D incentives

  • Technological innovation program. Each year, the Aragonese government’s Ministry of Industry (Consejería de Industria) awards grants for industrial research and innovation projects, prototype design and obtaining patents. The maximum subsidy is 50% of the investment, with a limit of 100,000 euros per year.
  • CDTI. The CDTI, which is dependent on the Ministry of Industry, offers no-interest financing for R&D projects. The total amount of the financing generally ranges from 240,000 to 900,000 euros. www.cdti.es
  • PROFIT Program. These are grants awarded by the Ministry of Industry, Tourism and Trade to finance R&D&I activities. They are intended to support industrial research projects, viability studies, technological development projects, complementary activities, complementary international cooperation activities and research projects in the National Plan. The items eligible for aid are personnel costs, contractors, fungibles, equipment and other associated costs such as patent registration. They come in the form of a subsidy of up to 60% of the investment or a no-interest repayable loan for a maximum of 75% of the cost of the project.
  • PROFIT grants

    AVANZA Plan A group of activities coordinated by the Ministry of Industry and aimed at promoting the use of new technologies in companies. This program offers subsidies for research, ongoing training for workers, no-interest loans for equipment purchases and grants for copyright protection. The program’s activities vary with each autonomous community. In Aragon there are specific grants for R&D&I, electronic billing and programming systems certification, among other things. www.planavanza.es

    Financial incentives

    Savia: Venture capital. Via the state-owned company Savia, the Aragonese government offers 60 million euros in venture capital for carrying out investment projects.

    Avalia: guarantees and mutual guarantees. The Aragonese government’s mutual guarantee company offers a wide range of guarantees, as well as a financial advisory and consulting service.www.avaliasgr.com

    ICO-PYME credit line Interest rate subsidy of up to 0.65 percentage points for the first five years of the life of the loan, up to a maximum of 1.5 million euros per year, with the possibility of a grace period. This grant is managed via the Aragon Development Institute (Instituto Aragonés de Fomento - IAF). www.iaf.es

    ICO-Entrepreneurs credit line This consists of an interest rate subsidy of up to one percentage point for the first five years of the life of the loan. The amount of the financing can total up to 100,000 euros per beneficiary per year, in one or several loan and/or leasing transactions. This grant is managed through the Aragon Development Institute (Instituto Aragonés de Fomento - IAF). www.iaf.es

    Capital expenditure incentives

    Regional Economic Incentives: Up to 15% of the investment.


    A subsidy of up to 15% of capital expenditure for projects carried out in Aragon involving creating or expanding a business. This percentage may increase to 25% and 35% for medium-sized and small businesses, respectively.

    Miner Plan.

    This program is intended to foment economic activity in former mining regions. As part of the Miner Program, up to 15% of capital expenditure is subsidized for projects which create jobs. This subsidy benefits various municipalities in the eastern part of the provinces of Huesca, Zaragoza and Teruel.

     

    Productivity Improvement program

    Grants awarded by the Ministry of Industry, Trade and Tourism (Consejería de Industria, Comercio y Turismo). Financing for expenditure connected with purchasing new fixed assets, industrial quality, and information systems and business management, up to a maximum of 15% of the investment.

    Work force

    Employee selection: Free.
    The Aragon Employment Institute (Instituto Aragonés de Empleo - INAEM) offers a free employee selection service. Companies can take advantage of the institute's extensive databases and experience in major selection processes for companies such as Telefónica, Inditex, Expo 2008, Aragón TV and EDS. www.inaem.es

    Direct grants for hiring: Up to €200,000 in 3 years.
    These are cash grants managed by the INAEM and intended to promote employment stability. Companies can receive up to a maximum €200,000 over three years. The subsidies range from €1,250 to €10,000 per worker, depending on the type of worker hired. www.inaem.es

    Training grants: Free
    Training agreements with a hiring commitment offer a framework for selecting and training new workers. This subsidy is aimed at projects for creating or increasing business activity which will result in the hiring of at least 10 workers. The Aragonese government defrays up to 100% of training costs through the INAEM. Design of the training plan and trainer selection is carried out by the company. In addition, INAEM offers the possibility of using the Advanced Technologies Center (Centro de Tecnologías Avanzadas) to present training courses. www.inaem.es

    Ongoing training
    Customized training programs enable companies to present training courses individually, together with other companies or with an outside training organization. Additionally, each year INAEM organizes training courses aimed at employees. These courses are free and cover different areas of business activity. www.inaem.es

    Visa processing
    Through the SEM Foundation, Aragón Exterior offers a service for streamlining the processing and obtaining of visas and residence permits for managers and workers from countries which are not members of the European Union.

Last updated: 16|07|2015

The information on these pages was prepared by each autonomous community

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