Since 2007 Galicia has been a Convergence objective of the European Union. This means outright grants of up to 30% of subsidizable investments may be obtained, which is one of the best offers of financial support in the EU. Foreign investors are also provided with backing, consultancy, information, etc. through IGAPE (The Galician Economic Promotion Institute) to help them make the best decisions possible when seeking out new locations for their investment projects.
Galicia currently boasts a large network of modern infrastructure; here are a few examples of it:
Locating to Galicia means gaining direct access to 50 million Portuguese and Spanish citizens and their high purchasing power. Galicia also offers great potential for access to new markets through the worldwide network of expatriate Galicians. These new markets include countries such as Argentina, Uruguay, Chile, and Venezuela, as well as European countries such as Switzerland and Germany.
Over the last 18 years Galicia's exports have increased consistently, reporting an average cumulative annual growth rate of 10.9% or 2.4 percentage points higher than for Spain as a whole. In 2008, Galician exports totaled 14,629.40 million euros and imports stood at 14,424.45 million. Galicia's slice of Spain's export market has risen over the last few years to 8.36 % of the total in 2008 from 4.75% in 1990. That has been a higher growth that the one in the import market. The Galician foreign trade coverage ratio went up to 101.42% in 2008, 34.66% higher than in Spain as a whole.
Galicia offers the potential investor an important industrial framework located in incomparable natural surroundings. Training and education in the region, together with its inhabitants' work ethic and employees' allegiance to their companies are typical and notable aspects of the Galician character.
Last updated: 16|07|2015
The information on these pages was prepared by each autonomous community