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Foreign investment in spanish startups. A legal and practical guide
ICEX España Exportación e Inversiones. AEDC (Asociación Española para la Defensa de la Competencia). SPAINCAP
A practical legal guide to foreign investment in Spanish startups. It outlines the regulatory framework, foreign investment screening, venture capital structures, and the main tax incentives and public instruments available to international investors in Spain. (upd. April 2026)
This document provides a comprehensive and up-to-date overview of the legal and operational framework governing foreign investment in Spain’s startup ecosystem. It explains how the foreign investment screening regime operates, the different avenues for direct or indirect investment through venture capital vehicles, and the applicable regulatory requirements. It also outlines the main tax incentives and public co-investment instruments available, offering international investors clear guidance on how to structure and optimize their investments in the Spanish market.
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