The ISO code of Spain is ES according to the ISO 3166 standard. The local name of the country is España. Spain capital city is Madrid. People in Spain speak the Spanish language. In the year 1516, Spain emerged as a sovereign political entity. The largest city in Spain is Madrid.
Spain is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Spain is .es. Other domains assigned to Spain are .barcelona, .eus, .gal, .madrid, .cat, .eu. The domain name .eu is available for use by organizations in and residents of European Union member-states. The International dialing code for Spain is 34. People in Spain drive on the right side of the road. Total land area of Spain is 505,370 km² (approx. 195,124 mi²). Spain is not a landlocked country. It means that is is bordered by at least one major body of water.
Spain is located in Europe. Spain is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Spain faces various issues, including pollution of the Mediterranean Sea from raw sewage and effluents from the offshore production of oil and gas, water quality and quantity nationwide, air pollution, deforestation, desertification.
Doing business in Spain
We offer various corporate services in Spain jurisdiction. These services can serve both, people coming from Spain and foreigners. If you plan on doing business in Spain you might be interested in contacting us.
To find out about starting your business in Spain click on company formation in Spain.
To find out how to open a bank account in Spain and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Spain.
Choose preferred service below or continue reading to find out more about Spain.
Demographics of Spain
The total population of Spain is 46,397,452 people. In Spain, the population density is 93 people per square kilometer (242 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is diverse according to a fractionalization scale which for Spain is 0.4165. Spain has approximately 4464997 foreign immigrants. The median age is approximately 41.6 years. In Spain, 72 in every 100 people use internet. Spain has a Human Development Index (HDI) of 0.869.
The majority religion of Spain is Christianity, Spain is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Spain.
Culture of Spain
People in Spain speak the Spanish language. According to data on inbound tourists in Spain, 60,661,000 tourists arrive in the country each year. The first McDonalds in Spain was opened on 10 March 1981, and it was located in Gran Vía, Madrid. One of the most popular national dishes of Spain is tortilla española. To read more click on culture of Spain.
Geography of Spain
Spain is considered to be a large nation because of its total area. Its total land area is 505,370 km² (approx. 195,124 mi²). Spain is located in Europe. Its capital city is Madrid. Spain has 5 neighbouring countries. Its neighbours include Andorra, France, Gibraltar, Portugal, and Morocco. Total length of land borders of Spain is 1952.7 kilometers (~754 miles).
The highest point of Spain is Teide, with its official height being 3718 m (12,199 ft). Including land mass and EEZ, the total area of Spain is approximately 1,544,603 km² (~596,372 mi²). The most notable natural resources found in Spain are coal, lignite, iron ore, copper, lead, zinc, uranium, tungsten, mercury, pyrites, magnesite, fluorspar, gypsum, sepiolite, kaolin, potash, hydropower, arable land.To read more click on geography of Spain.
Economy of Spain
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 16.3% of population in the country are unemployed. The total number of unemployed people in Spain is 7,562,785. Each year, Spain exports around $458 billion and imports roughly $431 billion. The Gini Index of the country is 34. Spain has a Human Development Index (HDI) of 0.869.The Global Peace Index (GPI) for Spain is 1.451. Spain is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are textiles and apparel (including footwear), food and beverages, metals and metal manufactures, chemicals, shipbuilding, automobiles, machine tools, tourism, clay and refractory products, footwear, pharmaceuticals, medical equipment.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Spain is $1,572,112 billion. Each year, consumers spend around $810,339 million. The ratio of consumer spending to GDP in Spain is 0%, and the ratio of consumer spending to the world consumer market is 1.88. The corporate tax in Spain is set at 25%. Personal income tax ranges from 20% to 49%, depending on your specific situation and income level. VAT in Spain is 21%. In 2013, Spain received 487.5 million USD in foreign aid.In 2014, the foreign aid amounted to 607.5 USD.To read more click on economy of Spain.
Infrastructure of Spain
Infrastructure quality in Spain is rated to be at 3.77. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).
In Spain, 100% of the population has access to electricity. There are 4,228,000 internet hosts in Spain. Spain has 150 airports nationwide.
The logistics performance index of Spain is 3.72. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.54. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Spain is 520. To read more click on infrastructure of Spain.
Politics of Spain
Spain, is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, Spain is 1. Citizens in Spain experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Felipe VI.
According to the World Bank Group, the government effectiveness index of Spain is 1.15. This indicates that the government of Spain is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Spain, the legislative power is vested in a General Courts. The Global Peace Index (GPI) for Spain is 1.451. The strength of legal rights index for Spain is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Spain received 487.5 million USD in foreign aid. In 2014, the foreign aid amounted to 607.5 USD. Spain is a member of the United Nations (UN). On 14 December 1955, it joined the UN as a full member state. Spain is a member of the European Union (EU). On 14 December 1955, it joined the EU as a full member state. Spain is a member of the World Bank. To read more click on politics of Spain.
Environment of Spain
Spain emits 5.8 metric tons per capita of CO2. 184180 km² of Spain's territory is covered in forests. and forest land comprises 36% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Spain is 520. To read more click on environment of Spain.
Company formation in Spain
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Spain.
When establishing a company in Spain, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Spain that will affect the establishment and growth of one's business. Contact us or click on company formation in Spain to read additional information when setting up a business.
Bank account opening in Spain
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Spain. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Spain, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Spain or contact us.