Transcript Diapositiva 1

Investment and Business Opportunities
for Chinese Investors in Spain
Investment and Business Opportunities
for Chinese Investors in Spain
“La Nueva Ley de Emprendedores y su Trascendencia en China”
March 2014
Investment and Business Opportunities
for Chinese Investors in Spain
1. Economic Policy and Structural Reforms:
Setting the Foundations for Sustainable Growth
2
Investment and Business Opportunities
for Chinese Investors in Spain
Setting the Foundations for Sustainable Growth
COMMITMENT
CONFIDENCE
COMPETITIVENESS
EMU Integration
Spanish Economy Policy
Transformation of Spain´s
Growth Model
Single Monetary
Policy
Fiscal
Consolidation
External Sector
Contribution to
Growth
Fiscal
Coordination
Restructuring the
Financial Sector
Structural
Reforms for
Competitiveness
Structural Reform:
BANKING UNION
Correction of
Past Imbalances
Economic Growth
& Employment
3
3
Investment and Business Opportunities
for Chinese Investors in Spain
Business Friendly Oriented Structural Reforms
Of special interest to Foreign companies
Public Sector
Reform
Fiscal consolidation at all
levels of Administration
UNIT LABOR COST EVOLUTION, 2007-2012
125.0
120.0
115.0
Competitive
Labor Costs
110.0
Labor market reform.
105.0
100.0
95.0
Financial System
Reform
Provisioning system
redressed and restructuring
process.
2007
Spain
2008
Germany
2009
France
2010
Italy
2011
2012
United Kingdom
Index, 2005=100; Source: Eurostat February 2014
Domestic and
International
Market Acces
Ensuring Market unity
regulation at national and
E.U. level.
Investment
Incentives
Economic Regional Incentives, R&D and
Funding mechanisms and Tax relief
Resident and Work
Permits
Law on visa and work permits and flexible
application to foreign investors.
4
Investment and Business Opportunities
for Chinese Investors in Spain
Labour cost & Productivity
Labour cost in Spain is below the EU-27 average and Labor Productivity is growing
45 41.9 40.4
39.5
40
35
30
Cost per Hour
Private Sector
34.9 34.4
unit € / hour
31.3 31.1 31 30.5
27.4 27.2
25
23.5
21.9 20.9
20
16.7 15.5
15
10
5
14.5
12.3 12
10.7
8.6 8.6 7.9 7.2
6.2 5.8
4.5 3.7
0
Source: Destatis (Federal Statistical Office Germany)
LABOR PRODUCTIVITY
4.0
% change on previous period
3.0
2.0
1.0
EU 27
0.0
Spain
-1.0
-2.0
-3.0
Source: Eurostat October 2013;
Data: % change on previous period
5
Investment and Business Opportunities
for Chinese Investors in Spain
New specific framework for qualified immigration and investors
It is based on an agile and specialized system for visa and authorization concessions.
GENERAL REQUIREMENTS
THE PROCEDURES
Not being in an illegal situation in Spain
10 days for visas and 20 days for authorizations
Being 18 years old or older
A single authorization for living and working in
Spain
Not having criminal records
Public or private health insurance in Spain
Enough economic resources.
Valid for the whole of Spain
The family will be able to apply at the same time
VISA AND AUTHORIZATION CONCESSIONS
FOR
Investors
Entrepreneurs
Highly qualified professionals
Scientists and researchers
Intra-corporate transferred employees
Freedom to live in Spain: Granted residence and work permits authorization
6
Investment and Business Opportunities
for Chinese Investors in Spain
2. Spain: a Global Platform
for International Business & Investment
7
Investment and Business Opportunities
for Chinese Investors in Spain
Spain, key figures
GDP
RK
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Country
Billion $
United States 15.684,8
China
8.227,0
Japan
5.964,0
Germany
3.400,6
France
2.608,7
UK
2.440,5
Brazil
2.396,0
Russia
2.022,0
Italy
2.014,1
India
1.824,8
Canada
1.819,1
Australia
1.541,8
Spain
1.352,1
Mexico
1.177,1
Korea
1.155,9
Indonesia
878,2
Turkey
794,5
Netherlands
773,1
Saudi Arabia
727,3
Switzerland
632,4
Iran
548,9
Sweden
526,2
Norway
501,1
Poland
487,7
Belgium
484,7
Argentina
475,0
Taiwan
474,0
Austria
398,6
South Africa
384,3
Venezuela
382,4
GDP
per capita
RK
$
RK
Millions
11
86
13
21
22
23
58
48
26
142
9
5
28
66
34
113
63
14
30
4
77
8
3
57
18
61
39
12
74
53
3
1
10
16
22
23
5
9
24
2
36
51
29
11
26
4
18
60
46
91
17
84
114
33
72
32
50
89
25
43
314,2
1.354,0
127,6
81,9
63,4
63,2
198,4
141,9
60,8
1.223,2
34,8
22,8
46,2
114,9
50,0
244,5
74,9
16,8
29,0
8,0
76,1
9,5
5,0
38,9
11,1
41,0
23,3
8,5
51,2
29,5
49.922
6.076
46.735
41.513
41.140
38.588
12.078
14.247
33.115
1.492
52.232
67.722
29.289
10.247
23.113
3.592
10.609
46.142
25.085
79.033
7.211
55.158
99.461
12.538
43.686
11.576
20.328
47.083
7.507
12.956
Population
RK
2
1
4
3
6
11
22
8
9
19
12
21
20
16
7
26
32
5
15
25
39
28
30
27
13
46
18
29
44
41
Spain in the World
Trade in Goods.
Trade in Services.
Billions $
Billions $
Exports RK Imports RK Exports RK Imports
1.545,7 1 2.335,4 1
613,8
1 405,9
2.048,7 2 1.818,1 5
190,0
3 281,0
798,6
4
885,8 7
139,8
5 173,6
1.407,1 3 1.167,4 3
254,5
2 285,2
568,9
6
673,7 4
208,2
6 171,0
474,5
5
680,4 2
278,2
4 175,7
242,6
22 233,3 29
38,1
17
77,8
529,3
16 335,4 22
58,4
14 102,1
500,7
11 485,9 14 104,3 13 104,7
294,2
10 489,4 6
147,6
7 125,1
454,8
12 474,9 17
77,5
11 105,2
256,7
19 260,9 23
52,7
18
65,3
293,9
17 332,2 8
139,5 16
89,8
370,8
14 380,5 42
16,0
34
25,2
547,9
9
519,6 13 109,1 12 105,1
188,5
27 190,2 36
22,4
30
34,4
152,5
21 236,5 28
42,1
38
18,8
655,7
7
590,7 10 126,5
9 115,2
388,4
30 144,1 48
10,1
23
49,2
225,9
24 197,5 16
87,6
25
44,0
104,0
52
56,5
172,4
29 162,2 18
75,9
21
54,8
161,0
36
87,1 24
50,3
24
49,2
183,4
26 196,0 30
38,0
31
31,7
446,5
13 434,8 15
93,5
15
90,1
80,9
45
68,5 44
14,4
39
17,6
301,2
18 270,5 26
48,7
27
42,2
166,4
28 178,3 21
61,0
26
43,2
87,3
32 122,8 43
14,8
41
17,1
97,3
49
60,0 86
1,9
40
17,1
Tourism
Income $
Tourist Nº
RK Billions RK Millions
2
67,0
1 126,2
4
3
57,7
50,0
21
33
8,4
14,6
7
7
30,4
38,1
3
1
83,0
53,7
8
8
29,3
36,4
39
42
5,7
6,6
28
9
25,7
11,2
6
5
46,4
41,2
17
39
6,6
18,0
18
17 16,3
17,4
10
40
6,1
31,5
2
4
57,7
55,9
25
13 23,4
12,7
22
24 11,1
14,2
35
34
8,0
8,3
12
6
35,7
25,7
23
22 11,7
13,9
36
20 13,7
7,4
19
32
8,6
16,6
W2
20
25 10,9
15,4
44
n.a. n.a.
5,4
30
19 14,8
10,9
27
36
7,5
11,4
45
43
5,6
4,9
26
37
7,3
11,7
16
11
24,2
18,9
32
29
9,2
10,0
84
89
0,7
0,8
FDI Stock. Billions $
Inward
Outward
RK Billions RK Billions
1 39.319,8 1 5.191,1
6
832,9
13 509,0
24
205,4
7 1.054,9
7
716,3
3 1.547,2
4 1.095,0 4 1.496,8
3 1.321,4 2 1.808,2
8
702,2
19 232,8
15
508,9
15 413,2
17
356,9
12 565,1
21
226,3
29 118,2
11
637,0
10 715,1
13
610,5
14 424,5
12
634,5
11 627,2
18
315,0
27 137,7
31
147,2
24 196,4
23
205,7
51 11,6
27
181,1
43 30,5
14
573,0
9 975,6
25
199,0
40 34,4
10
665,6
6 1.129,4
58
37,3
71
3,3
16
376,2
16 406,9
26
191,1
22 216,1
20
230,6
35 57,5
5 1.011,0 8 1.037,8
38
110,7
41 32,9
51
59,4
21 226,1
29
158,1
23 215,4
32
139,0
31 82,4
55
49,1
46 20,9
Source: WEF 2013; IMF(April 2013 edition); WTO 2012 Data; UNCTAD (WIR 2013) 2012 Data; World Tourism Organization (Highlights, 2013 Edition.) 2012 Data.
GDP per capita: (29) Cyprus, (27) Israel. Population: (28) Colombia, (30) Ukraine. FDI Inward: (2) Hong Kong, (9) Singapore. FDI Outward: (5) Hong Kong.
Tourism Income: (5) Macao, (9) Hong Kong, (11) Thailand. Tourist Nº: (10) Malaysia, (12) Hong Kong.
8
Investment and Business Opportunities
for Chinese Investors in Spain
Spain, strong and sustainable external sector performance

A competitive combination: technology, innovation, productivity and lower Unit Labor Cost
have lead to a competitiveness based expansion of exports during the last three years.
Export of good and services, 2005-2013
Source: Eurostat, 2013.
9
Investment and Business Opportunities
for Chinese Investors in Spain
Position of China and Spain in terms of foreign investment
Leading economies Inward FDI,
USD Millions
Inward FDI Stock
2012
Share 2012
United States
3,931,976
17.2%
Hong Kong
1,422,375
6.2%
United Kingdom 1,321,352
5.8%
France
1,094,961
4.8%
Belgium
1,010,967
4.4%
China
832,882
3.7%
Germany
716,344
3.1%
Brazil
702,208
3.1%
Singapore
682,396
3.0%
Switzerland
665,596
2.9%
Canada
636,972
2.8%
Spain
634,539
2.8%
Australia
610,517
2.7%
Netherlands
572,986
2.5%
Other countries 7,976,627
35.0%
Economy
1
2
3
4
5
6
7
8
9
10
11
12
13
14
TOTAL
22,812,698
100%
Source: UNCTAD, 2013
Leading economies Outward FDI,
USD Millions
Economy
1
2
3
4
5
6
7
8
9
10
11
12
13
14
United States
United Kingdom
Germany
France
Hong Kong
Switzerland
Japan
Belgium
Netherlands
Canada
Spain
Italy
China
Australia
Other countries
TOTAL
Outward FDI stock
2012
Share 2012
5,191,116
1,808,167
1,547,185
1,496,795
1,309,849
1,129,376
1,054,928
1,037,782
975,552
715,053
627,212
565,085
509,001
424,450
5,201,198
23,592,750
22.0%
7.7%
6.6%
6.3%
5.6%
4.8%
4.5%
4.4%
4.1%
3.0%
2.7%
2.4%
2.2%
1.8%
22.0%
100%
Source: UNCTAD, WIR, 2013
10
Investment and Business Opportunities
for Chinese Investors in Spain
Spain: Investment in Latin America
Spain is the world’s 1st or 2nd largest investor in Latin America among European countries.
Spain: Top- Outward FDI Stock by country
EUR Millions
2010
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
BRAZIL
UNITED KINGDOM
USA
NETHERLANDS
LUXEMBOURG
MEXICO
PORTUGAL
GERMANY
ARGENTINA
SWITZERLAND
FRANCE
CHILE
BELGIUM
IRELAND
COLOMBIA
VENEZUELA
TOTAL
2011
% TOTAL
55.792
68.264
57.422
51.672
44.271
49.636
17.232
27.221
29.219
26.215
27.207
26.073
25.042
21.974
18.675
20.552
16.400
15.761
21.236
14.861
15.790
14.828
12.229
11.612
7.632
7.964
7.949
6.634
6.219
6.177
4.224
4.949
366.539 441.825
15%
16%
12%
5%
8%
7%
7%
5%
4%
6%
4%
3%
2%
2%
2%
1%
100%
Spanish Ministry of Economy and Competitiveness, 2013
11
Investment and Business Opportunities
for Chinese Investors in Spain
Spanish companies are among leading companies in the world:
 3 out of every 5 flights world-wide are
controlled
systems.
using
Spanish
air
navigation
 Telefonica
is
one
of
the
largest
telecommunications companies in the world
(by market capitalization and number of
customers).
 Santander Bank is the 2nd in the euro zone (by
stock market capitalization)
operates in 40 countries.
and
BBVA now
 IBERDROLA is the 4th largest utility company
in the world (by market capitalization).
 In 2012, 6 of world’s top 10 concession
companies are Spanish and held 36% of the
world´s infrastructure concessions.
 The Al Shoula Group, a Spanish-Saudi
consortium, will manage the high-speed train
between La Mecca – Medina.
12
Investment and Business Opportunities
for Chinese Investors in Spain
Foreign Investment Openness
Spain is 9th most open country to Foreign Investment
according to OECD’s FDI Restrictiveness Index
Open=0
Closed=1
Source: OECD’s FDI Restrictiveness Index 2013
13
Investment and Business Opportunities
for Chinese Investors in Spain
Domestic and EU Market Access
Capacity for consumption of goods
Country
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
United States
China
Japan
Germany
France
United Kingdom
Brazil
Russia
Italy
India
Canada
Australia
Spain
Mexico
Korea

Domestic market of over 46 million
consumers: Spain has a GDP per capita
(PPP) above the EU-27 average

Spain grants free access to the world´s
largest market, the European Union: more
than 500 million consumers.
GDP Million per capita
RK
10
89
12
21
22
23
62
48
27
142
8
5
28
67
35
USD
51,703.95
6,071.47
46,706.72
41,865.52
41,223.31
39,160.58
11,358.54
14,302.09
33,115.01
1,500.76
52,299.76
67,304.47
28,670.09
10,058.50
22,588.92
Source: IMF 2014.
Advantages to operate in EU:



Intra-European duty free market.
The free movement of goods & services,
capital and persons.
Single currency: EURO.
BYD signed an agreement with the Basque group
Bergé on the distribution of BYD’s products in Spain.
Barcelona became the first European city to have a
pure electric 12 meters bus.
14
Investment and Business Opportunities
for Chinese Investors in Spain
SPAIN: International platform for doing business in MENA region, Africa and Latin America

The best
European platform for
doing business with Latin America.
Euro-Mediterranean Association Agreements
Agreements for
Protection and Promotion
of Reciprocal
Investments

Agreements for
Protection and
Promotion of
Reciprocal Investments
Agreements to
Avoid Double
Taxation
Agreements to
Avoid Double
Taxation
Spain has superb relationships with the
North- African and Mediterranean
countries and geographic proximity.
The general manager of Cosco,
Yang Lei, highlights the use of
the geographical position of
Spain and the language as a
platform for doing business in
South America and North Africa .
Investment and Business Opportunities
for Chinese Investors in Spain

Over 12,800 foreign companies are currently located in Spain across all
economic sectors . 70 of the FORBES Top 100 companies have branches in
Spain. 90 out of 100 top R& D Companies according to Thomson Reuters has a
subsidiary in Spain
16
Investment and Business Opportunities
for Chinese Investors in Spain

Companies of USA, Italy, France, UK, and
Germany are the largest investors in Spain.

Most Chinese companies in Spain have
partnerships with major Spanish companies.

There is mainly representation of Chinese
companies in: electronics, wholesale trade,
support activities for transportation and
manufacture of machinery and equipment
Spain: Inward FDI by country Stock
EUR Millions
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Country
USA
ITALY
FRANCE
UNITED KINGDOM
GERMANY
MEXICO
LUXEMBOURG
PORTUGAL
NETHERLANDS
SWITZERLAND
BRAZIL
UN.AR.EMIRATES
SWEDEN
CANADA
JAPAN
BELGIUM
COLOMBIA
ISRAEL
DENMARK
49 CHINA
65 HONG_KONG
Rest of World
TOTAL
75,074
49,038
37,633
35,001
29,142
22,835
20,168
17,596
16,844
10,248
7,601
5,221
4,690
4,242
3,005
2,356
2,327
1,297
1,136
168
33
31,884
377,540
Spanish Ministry of Economy and Competitiveness,17
2013
Investment and Business Opportunities
for Chinese Investors in Spain
Greenfield Projects in Spain, by sector
Source: FDI Markets: fDI Report 2013, Global Greenfield Investment Trends. Financial Times 2013
18
Investment and Business Opportunities
for Chinese Investors in Spain
Greenfield Investment Trends in Spain by sector
From China 2003 – 2013 (X)
Industry Sector
1Electronic Components
2Communications
3Metals
4Textiles
Alternative/Renewable
5energy
6Financial Services
Industrial Machinery,
7Equipment & Tools
8Business Services
9Chemicals
10Consumer Electronics
11Medical Devices
12Minerals
13Plastics
Total
Projects
9
5
5
3
Capex
335
57
14
13
Jobs
273
245
72
67
Companies
8
2
5
3
3
387
128
1
3
84
70
2
2
27
198
2
2
2
1
1
1
1
38
8
52
14
1
3
21
1,016
170
70
139
7
16
45
1,500
2
2
1
1
1
1
29
From Hong Kong 2003 – 2013 (X)
Source: FDI MARKETS, 2013. Mill. USD
Industry Sector
Projects
1Textiles
2Transportation
Capex
Jobs
Companies
702
3
9
41
4
1,029
1,708
3
4
2,717
5,410
4
4Hotels & Tourism
5Consumer Products
3
177
391
1
2
84
460
2
6Metals
1
1
10
1
Business Machines &
7Equipment
1
6
60
1
8,741
14
3
Warehousing & Storage
Total
Source: FDI MARKETS, 2013. Mill. USD
24
4,054
19
Investment and Business Opportunities
for Chinese Investors in Spain
Business Opportunities in Spain
 Automotive
 Aerospace
 Environment & Natural
Resouces
 Nearshore Services,
SSC, BPO, etc.
 ICT
 Tourism
 Chemicals
 Real Estate
 Agrofood
 Biotechnology
 Industrial Machinery
 Transport &
Logistic
20
Investment and Business Opportunities
for Chinese Investors in Spain
Business opportunities: REAL ESTATE
THE REAL ESTATE STOCK DISTRIBUTION
(Number of Housing and % by Region, 2012)
Why Spain for Real Estate
 Good value for money offer:
 The stock reduction
 The price adjustment
 Strong Legal and Institutional Framework
 New measures
 Growing Rental Market
 Increasing Foreign Investment
 Professionals
 Individuals
Source: Ministry of Public Works, 2014.
 Spain, a major player in Tourism (2nd Worldwide Tourist Destination by Revenues)
 Outstanding Connections: International Airports, top High-Speed Train (AVE) and 3rd
largest worldwide High-Speed Network
 Excellent gastronomy, culture and climate.
21
Investment and Business Opportunities
for Chinese Investors in Spain
Business opportunities: REAL ESTATE
PRICE ADJUSTMENT
10
5
0
Nominal Housing Prices Adjustment
by type of residence (Year-on-year growth rates)
-5
-10
-15
-20
2008
2009
General
2010
New dwelling
2011
2012
2013
Second-hand dwelling
Source: National Statistics Institute
Source: Ministry of Public Works, 2013.
Nominal Housing Price Adjustment Since Peak in Each Province (%)
1st Q2012
1st Q2013
22
Investment and Business Opportunities
for Chinese Investors in Spain
Business opportunities: REAL ESTATE
Number of Foreigners’ Home Transactions
INCREASING FOREIGN INVESTMENT
45.000

Foreign demand is starting to react to
price signals:
After dropping 35% in 2009, the
acquisition by non residents rose by 8%
between 2011 and 2012.
40.231
40.000
35.000
32.303
30.117
30.000
24.520
25.000
20.000
15.000
10.000
5.000
Total Real Estate Investment Volume
Spain
2.392
2.416
2009
2010
2.546
3.607
2011
2012
-
Resident Foreigners
Source: Ministry of Public Works, 2013.
Source: Ministry of Public Works, 2013.
Non-Resident Foreigners
Foreigners’ Home Purchases (%)
12%
11.15%
10%
8.12%
8%
Estimate
6%
6.04%
4.24%
4.45%
2009
2010
4%
2%
0%
Source: BNP Paribas, 2013.
2011
2012
Source: Association of Property and Mercantile Registrars of Spain, 2014.
2013
23
Investment and Business Opportunities
for Chinese Investors in Spain
Business opportunities: TOURISM
3rd
destination worldwide in number of international meetings
(source: International
Congress and Convention Association, ICCA)
Leading European destination in Tourism (source: Eurostat)
Top global leisure
travel destination: 60.3 million tourists in 2013
2nd country in the world in terms of UNESCO World Heritage Sites (42 sites)
2nd country in Europe in natural areas (14 national parks ,126 nature reserves)
and
natural spaces declared UNESCO Biosphere Reserves (42, behind only the United
States with 47)
2nd
country, behind the United States, in receiving foreign golf tourists (431
courses and more than 1 million)
2nd
country in Europe in number of hotel rooms (3.2 million, more than 50% of
which are superior category (4 and 5 stars); and 15,000 rural tourism
establishments)
24
Investment and Business Opportunities
for Chinese Investors in Spain
Business opportunities: TOURISM
Success stories
December 2012



Chinese Real Estate developer Greenland group signed a
strategic agreement with the Spanish hospitality group Meliá.
Greenland Group will exchange hotel assets with its Spanish
partner, getting the Hotel TRYP Ambassador in Madrid and the
Melia in Barcelona. The two hotels are valued at $242 million.
Its first result was the announcement of the “Qube” Meliá hotel in
the city of Frankfurt
April 2013



NH Hotels has given the Chinese group HNA entry as a shareholder
with a 20% by subscribing to a capital increase
The strategic agreement provides the framework to create a joint
venture between the two groups for the primary purpose of
developing the hotel business in China, one of the fastest growing
markets in the world, while NH Hoteles will diversify its operations.
On top of that, the aim is to increase the flow of Asian customers in
NH Hoteles, diversifying the type of users per country.
Investment and Business Opportunities
for Chinese Investors in Spain
Business opportunities: TOURISM
Success stories
November 2009


The HK Mandarin Oriental Hotel Group opened a luxury hotel in
Barcelona in November 2009.
The hotel has taken full advantage of the luxury tourism visiting
Spain, with an average room price above 5,000 HK$
Investment and Business Opportunities
for Chinese Investors in Spain
Business Schools
IE Business School holds the No. 1 position in the 2013 Financial Times ranking of
European business schools
2013
Rank
3 year
average
rank
1
1
3
3
1
3
3
5
HEC Paris
IE Business School
London Business School
Esade Business School
France
Spain
UK
Spain
5
4
Insead
France/Singapore
6
7
8
9
5
9
9
7
Spain
Switzerland
Italy
Switzerland
10
9
Iese Business School
University of St Gallen
SDA Bocconi
IMD
Rotterdam School of Management, Erasmus
University
11
11
ESCP Europe
France/UK/Germany/
Spain/Italy
12
13
14
15
16
17
18
19
20
11
16
14
15
16
25
16
17
23
University of Oxford: Saïd
EMLyon Business School
Essec Business School
Vlerick Business School
Imperial College Business School
Edhec Business School
City University: Cass
Cranfield School of Management
Tilburg University, TiasNimbas
UK
France
France/Singapore
Belgium
UK
France
UK / UAE
UK
Netherlands
School name
Country
Netherlands
Source: Financial Times 2013
27
Investment and Business Opportunities
for Chinese Investors in Spain
Business Schools
Spanish Business Schools have three MBA programs among the top 25 in the world
2014 Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
17
17
20
21
22
Global MBA ranking 2014
School name
Harvard Business School
Stanford Graduate School of Business
London Business School
University of Pennsylvania: Wharton
Columbia Business School
Insead
Iese Business School
MIT:Sloan
University of Chicago: Booth
Yale School of Management
University of California at Berkeley: Haas
IMD
IE Business School
Hong Kong UST Business School
Northwesterm University: Kellog
University of Cambridge: Judge
Duke University: Fuqua
New York University: Stern
Ceibs
Dartmouth College:Tuck
HEC Paris
Esade Business School
Country
USA
USA
UK
USA
USA
France/Singapore
Spain
USA
USA
USA
USA
Switzerland
Spain
China
USA
UK
USA
USA
China
USA
France
Spain
Source: Financial Times 2014
28
Investment and Business Opportunities
for Chinese Investors in Spain
ICEX / Invest in Spain

your partner in Spain
6. ICEX-Invest in Spain
Orense 58, 3rd floor
28020 Madrid SPAIN
T (+34) 91 503 58 00
E-mail: [email protected]
www.investinspain.org
29
Investment and Business Opportunities
for Chinese Investors in Spain
About us…
INVEST IN SPAIN is the Directorate in charge of attracting foreign direct
investment in ICEX-Spain Trade & Investment, an official enterprise of the
Secretary of State for Trade - Ministry of Economy and Competitiveness.
Objectives & activities
 To promote, attract and maintain foreign direct investment in Spain
 Attracting new projects of foreign investment by focusing on countries,
sectors and businesses that involve greater growth potential for Spain
 Promoting a business climate and facilitating doing business in Spain
 Transmitting an image of Spain as an internationalized country
associated with highly competitive human and technological resources
 To be the benchmark for foreign investors and the meeting point
between companies and institutions in the State, Regional and Local levels
engaged in promoting and attracting investments
30
Investment and Business Opportunities
for Chinese Investors in Spain
 Services of special interest : Immigration Department
Provides advice about the most appropriate way (quickest and least
bureaucratic) to obtain the permits for highly qualified employees,
technical staff, scientists, families, ...
 Advice about how to open a branch, create or acquire a company ...
 Assessment regarding transactions that involve immigration issues
for foreigners without residence in Spain
 Act as the institutional contact for companies vis-à-vis all Spanish
bodies with powers, such as the Spanish Embassy and Consulates,
Ministry of Employment , Home Office and Regional Immigration
Offices
31
Investment and Business Opportunities
for Chinese Investors in Spain
ICEX / Invest in Spain

your partner in Spain
6. ICEX-Invest in Spain
Orense 58, 3rd floor
28020 Madrid SPAIN
T (+34) 91 503 58 00
E-mail: [email protected]
www.investinspain.org
32