According to the Financial Times, Catalonia is the best region in southern Europe to invest in 2020 and 2021; Specifically, Barcelona which has experienced a consolidation as a major European technological hub.
Last year Spain registered the launching of 4,115 start-ups, 2000 of them in Barcelona
Despite having been a year marked by a pandemic, 2020 is also characterized as the year in which companies were forced to reinvent themselves. In this sense, Barcelona and Catalonia have demonstrated resilience, innovation, and strength and continue being leaders in attracting highly skilled international talent.
Multinational companies choose Catalonia and, specifically, Barcelona, to expand and open logistics centers and manufacturing plants. In fact, according to the Financial Times, Catalonia is the best region in southern Europe to invest in 2020 and 2021. Besides, in recent years, Barcelona has experienced a consolidation as a European technological hub, with a strong business ecosystem comparable to that of London or Berlin.
“Technological talent, who highly value the quality of life that Spain can offer them, want to come to live and work in our country, so companies follow them to be able to attract them”, stated Raisa Venermo, founding partner of AvaLanding, For this reason, “the more the technology sector develops here, the more foreign citizens will come”, she added.
Companies of all kinds, start-ups and medium and large companies have chosen Barcelona to establish and expand. Indeed, last year Spain registered 4,115 start-ups, most of them located in the main cities. Barcelona has about 2,000. COVID-19 has not slowed down business expansion in Barcelona.
“In the last four years, our clients have invested more than 200 million euros in Spain and we already have signs that several sectors will be reactivated shortly, as soon as the vaccine arrives and the borders open”, analyzed Raisa.
In this regard, it should be noted that the different sectors behave differently: “foreign real estate investment is waiting for the opening of the borders since they do not usually buy without seeing and visiting their investments”, she quoted.
In this scenario, the technology sector, on the other hand, is the one that has grown throughout the pandemic; Some projects, such as those for renewable energy, continue their course regardless of the pandemic, so they have not changed.
Despite the crisis caused by the pandemic, the business sector did not stop completely. “It must be taken into account that, although this has been an unprecedented crisis, the business world is getting used to dealing with this situation and is always looking ahead with projects for the future”: with this statement, Raisa Venermo foresees that Barcelona will continue to be the Silicon Valley of Europe and “will continue to attract international talent, as it has done so far”.
AVALANDING, EXPERTS IN ADVISING FOR FOREIGN INVESTORS
With 13 years of experience in the market, Avalanding has established itself as the ideal partner for foreign investors. So far, the company has assisted clients from 70 different countries in their investments in Spain, which already exceeds 200 million euros.
AvaLanding is led by two founding partners: Raisa Venermo and Lourdes Santisteban Bolaños. It has a team of economists, real estate experts, and lawyers who are experts in immigration, real estate investment, tax planning, and accounting, commercial and corporate law, mergers and acquisitions.
Currently, Avalanding provides a full range of services for international clients with the best multilingual economists, real estate professionals, accountants, and lawyers, to guarantee clients the successful start of their life and their businesses in Spain, and once they have landed, to offer them continuous day-to-day support (accounting, taxation, legal, financial advice and more).