Doing business in Spain
Download
Report
Transcript Doing business in Spain
Doing business in Spain
Anna-Lena Göppel
Azbah Munajed
Elisabeth Schlappa
Aim of our project
We are Glener a German company from the renewable
energy industry
We have received three offers for entering the Spanish
market :
Wind park
Small-Hydro plant
Photovoltaic-PV plant
Stereotypes
What do German people think
about Spaniards!
Economic Crisis
Housing crisis
High rate of unemployment
Growing national debt
Spanish mentality
Always loud speaking
A lot of body language
Friendly, open-minded
“If we can´t do it today we will do it tomorrow.”
Important intercultural
elements
When doing business…
Personal contact is very important
You need a lot of time for the negociacions
A delay of about 10 minutes is neigther unusual nor
uncordial
Improvisation instead of planning
Not familiar with the English language
Advantages and Disadvantages
of Spain for German investors
Advantages of Spain
EU
same currency
no visa
no residence
financial boost
Prices for Spanish companies are cheap (crisis) – good
aquisitions
Network of high quality modern infrastructures
Good possibilities in the sector of renewable energys
Disadvantages of Spain
Crisis (dark future?)
High corporate taxes (Germany: 15%, Spain: 30%)
Starting a business is complicated (Spain: 133, Germany: 98)
High bureaucracy
Current
situation for the Spanish
renewable energy industry
Rate of renewable energies at the
generation of electricity in Spain
Positive aspects
Spain has invested a lot in renewable energies
Existing companies still get feed-in tariffs
Energy policy reform-> promotion of renewable energies
Negative aspects
No more feed-in tariffs for new plants
Renewable resources without control
Financial evaluation
Internal Rate of Return (IRR)
Conclusion
Renewable energies will be more and more important
The Small-hydro electric plant is the most profitable
Spain offers good business opportunities!
MUCHAS GRACIAS
a vuestros profesores
Nuria López Mielgo
and
Enrique Loredo Fernández