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    Barcelona,a good investment - Presentation Transcript

    1. MENT INVEST the City A GOOD usiness in ELONA,e to doing B BARC al Guid A practic
    2. LIBRARY OF CATALONIA (BIBLIOTECA DE CATALUNYA) CIP INFORMATION: Barcelona, a good investment : practical guide to doing business in the city I. Borrell, Xavier, ed. II. Barcelona. Sector de Promoció Econòmica III. Centre d'Innovació i Desenvolupament Empresarial (Catalunya) 1. Inversions estrangeres _ Barcelona _ Manuals, guies, etc. 2. Barcelona _ Comerç _ Manuals, guies, etc. 3. Barcelona _ Condicions econòmiques _ Manuals, guies, etc. 338.1(467.1 Ba Barcelona)(036) The text may be reproduced total or partially with permission of Ajuntament de Barcelona and CIDEM. All rights reserved for graphic and artistic design. EDITION: Ajuntament de Barcelona (Barcelona City Council) Sector de Promoció Econòmica (Economic Promotion Division) Carrer Avinyó, 7, 1r 08002 Barcelona, Spain Tel. +34 934 027 478 CIDEM (Centre for Innovation and Business Development) Passeig de Gràcia, 129 08008 Barcelona, Spain Tel. +34 934 767 200 COORDINATION: Xavier Borrell and Isabel Carranza (Barcelona City Council) Fina Sancho and Elisabet Forga (CIDEM) ACKNOWLEDGEMENTS: Cuatrecasas and Clifford Chance Law Firms DESIGN, LAYOUT, TRANSLATION AND EDITING OF TEXTS: New Roman Carrer Saragossa, 64, local 2 08006 Barcelona, Spain Tel. +34 932 179 978 PRINTING: Ajuntament de Barcelona (Barcelona City Council) Imatge i Producció Editorial (Graphics and Publishing) Passeig de la Zona Franca, 60 08038 Barcelona, Spain B. 000 00 000 Barcelona, March 2006 No. of copies. 2.500 2
    3. ENT VESTMe City OD IN A, A GOng Business in th ON BARCELal Guide to doi A practic 3
    4. arcelona is an open, tolerant and arcelona is moving towards the “laboratory B B cosmopolitan Mediterranean city full city” model. This refers to a city where new of light; a remarkable urban space ideas and concepts are emerging, a city with a strong personality. The atmosphere which is competitive not in terms of production transmitted by the city encourages creation costs but in innovation and creativity, where pro- and innovation, turning Barcelona into one of ducts are designed or improved, and where the the European cities with the highest potential for developing new atmosphere, diversity and range of uses promote the creation and trans- generation activities. In the current globalisation framework, it is fer of knowledge. Barcelona, cutting-edge, dynamic and entrepreneurial, precisely these characteristics which provide value to the city and sets trends. With its long industrial tradition, the Barcelona area is a very differentiate it from the rest: it is this personality, both cosmopolitan important foreign investment attraction centre, especially for industry and with a great international vocation, and strongly rooted in its local advanced services. 25% of foreign investment in Spain is concentrated aspects, which attracts our visitors and keeps them here. here, with 2,700 registered businesses, most of them in Barcelona city. There is a constantly growing number of forward-looking companies Faced by growing international competition, Barcelona and its which choose to set up in Barcelona, and we are proud to observe that, surrounding area, with its population of 4.6 million, is one of the once established among us, their expectations are fully met. And the most important economic metropolises and has become international perception of Barcelona's potential as a new economy city is consolidated as one of the main European capitals for business. A also growing in importance. city which boosts its own personality and diversity and encourages talent and creativity; a laboratory where ideas are conceived and a This has been shown by many international economic indicators, such significant creative community which attracts and receives the best as the recent Paris Chamber of Commerce study placing Barcelona's companies and professionals is brought together. Its great area of influence as the second most appealing region for foreign international projection, privileged geographical situation and investment, second only to London; or the annual study conducted by accessibility, added to the complex business network in its area, British consultancy Cushman & Wakefield Healey & Baker placing make it a very appealing location for business. Barcelona as the fifth best city for business in Europe and the top city in Europe in terms of progress. Barcelona is now reinventing itself, its eyes on the future, with an urban and economic transformation which will provide over 7 million square But Barcelona isn't just a city for working; it's a city for living. With its metres for new economic activity. The urban reform projects which are stable climate, its openness to the sea, a magnificent selection of defining our future will enable us to improve access to the city, as well as culture and leisure options, a broad network of education and research its connections and communications, increase the offering and services institutions at every level, a prestigious health service accessible to available to businesses, and improve quality of life for all citizens. All urban everyone, and a serious commitment to sustainability, Barcelona has projects currently in progress are increasing Barcelona's appeal and the best quality of life in the whole of Europe. We are introducing the consolidating the city as the main urban centre in the west first edition of the Guide to Barcelona, a Good Investment, jointly Mediterranean. The following are particularly noteworthy due to their size: prepared by the Economic Promotion Sector of Barcelona City Council the transformation of the Poblenou industrial district, the new 22@bcn and Centre for Innovation and Business Development (CIDEM) of the technology district, the arrival of the new High Speed Train, the Delta Plan Catalan Government's (Generalitat de Catalunya) with the aim of - with extensions to both the port and the airport - and the extension of offering useful and practical information to everyone wishing to invest the International Trade Fair (Fira Internacional), as well as the new and do business in Barcelona and become acquainted with its many conference centre with capacity for 15,000 delegates. charms. We hope that this new guide will help make the decision to settle in Barcelona easier, as well as accelerate the process of establishing a new economic activity. Jordi Portabella Joan Clos Second Deputy Mayor of Barcelona Mayor of Barcelona 4
    5. C atalonia is a privileged part of spite of its small size, Catalonia has a Catalonia offers companies Europe for business activities. great variety of cultural activities and making a Countless multinationals from venues. It also provides a first rate commitment to around the world, specialised in various environment both for living and for our territory the sectors, have chosen Catalonia to business. This helps keep company perfect balance conduct their business activities. staff satisfied and stable. between a high quality communications infrastructure, Barcelona City Council and the Centre According to a study conducted by an excellent university and research for Innovation and Business Cushman & Wakefield Healey & Baker, network, highly qualified labour force, a Development (CIDEM) have joined Barcelona is the best place for quality of wide range of suppliers and an enviable forces to create this publication which is life, a position it has maintained since quality of life. intended as a basic and simple advice 1996. Its quality of life and the and guidance tool for anyone perception of the Barcelona area as a The Centre for Innovation and Business considering starting up a business in creative and cosmopolitan environment Development (CIDEM), an organisation Barcelona. This guide is structured in are valued as strong points for attracting belonging to the Generalitat's Ministry of outline, in order to give you a general and retaining talent and knowledge. Employment and Industry, provides idea of the steps to be taken into Proof of this is provided by the recent professional and confidential support, account when starting up a business. At trend of international entrepreneurs ranging from planning to the end of the guide, you will find the choosing Barcelona for a new economic implementation, to all companies websites and useful addresses you can activity. In the intensive globalisation wishing to invest in Catalonia, through use to obtain more detailed information process undergone in recent decades the Catalonian Investment Agency on each step. We have also included a by the international community, (ACI). It also provides ongoing help for list of the main incentives and subsidies Catalonia has been able to establish future needs. The agency, which has its available to businessmen and itself as the ideal location for setting up headquarters in Barcelona, a branch in entrepreneurs. large multinational companies. As a Madrid, and foreign offices in New York result of this investment process, and Tokyo, offers its help and advice Catalonia attracts a lot of investment, Catalonia has become consolidated as services tailored to the needs of particularly for industry and advanced one of the most dynamic regions in companies which are considering services. This has been shown by the Europe in terms of attracting settling in Catalonia or expanding their fact that already established companies multinationals: there are currently 3,000 existing business in this region. The often make a strategic commitment, such companies in Catalonia (600 of Agency's mission is to boost financially carrying out new investments in order to which are industrial businesses). and technologically sound productive make their subsidiaries evolve towards business investments in Catalonia, higher value added activities. The main Conscious of the importance and creating wealth and high quality, stable reason for this is the high satisfaction positive effects of foreign direct jobs. We must direct all our efforts to level of companies already operating in investment (FDI), and making use of its attracting new projects, in the form of Catalonia. Barcelona and its exclusive powers in the industry context, productive, strategic and innovative surrounding area, with its population of the Generalitat has put into practice an investments, to our territory. 4.3 million, constitutes one of the main active policy of encouraging business economic metropolises in Europe, investment in Catalonia. We are also We look forward to welcoming you to aiming to attract not just the best making a serious and clear Catalonia. businesses but also the best commitment at the Generalitat to boost professionals, who are the ones who will our companies' research, development generate wealth and increase and capacity for innovation. We want to productivity. Catalonia's well-being and place Catalonia in a top position in development are at European levels. In Europe. Jordi Carbonell i Sebarroja Secretary of Industry Ministry of Employment and Industry Generalitat de Catalunya 5
    6. 6
    7. ENT VESTMhe City D IN A, A GOOg Business in t N BARCELO Guide to doin l a A practic CONTENTS 1 ECONOMIC PRESENTATION: 1.1 I Ten Reasons to Invest in Barcelona 09 1.2 I Main Economic Indicators 10 1.3 I Location and the Property Market 17 1.4 I Trade Fairs and Conferences 22 2 HOW TO START A BUSINESS IN BARCELONA: 2.1 I Types of Business Organisation 25 2.2 I Steps For Starting Up a Business 27 2.3 I Tax Regime, Tax and Allowances 29 2.4 I Work and Residence Permits 32 2.5 I Employment Regime 35 2.6 I Incentives and Subsidies and Financing 39 3 USEFUL ADDRESSES: 3.1 I By Topic 43 3.2 I In Alphabetical Order 44
    8. 1. ECONOMIC PRESENTATION
    9. TEN REASONS TO INVEST 1.1 IN BARCELONA Barcelona offers very diverse elements which make it a really appealing place to live, work and do business. The city is now a very interesting place for new economic activity, as shown by some of the good reasons to invest in it. 4. Successful foreign public transport. The city is surrounded 1. Strategic geographic location by nature reserves. investment Two hours by road from France and one It is the fifth best city for business in day from the main European cities. A 8. Large progressive city Europe and accounts for 20% of annual southern door to Europe, with its own planning projects foreign investment in Spain. There are port, airport, Zona Franca, logistics The largest city planning and 2,700 foreign companies established parks, international trade fair centre and infrastructure transformation. Llobregat here, with a satisfaction level of 97%. the city within a radius of 5 kilometres. Area: a commitment to logistics and Barcelona is also becoming consolidated internationalisation, with the port and as a centre for multinational companies' 2. Complete transport airport extensions. Besòs Area: urban European divisions. infrastructure renewal, sustainability and research A motorway network connected to 5. An internationally centres. La Sagrera-Sant Andreu: the Europe; the fastest-growing airport in acknowledged location arrival of high speed trains. Poblenou Europe; Spain's leading port and the lar- 22@: the new technology and innovation Barcelona has some of the highest gest container port in the Mediterranean; positions in several international district. Two new districts: La Marina and an extensive underground and overland rankings, which rate its urban reality, its El Besòs, with a combination of train and bus network; High Speed ability to attract foreign capital, its residential premises and economic Trains planned for 2007 and a connec- entrepreneurial nature and the quality of activity. tion with the European network in 2009. life enjoyed here very highly. 9. A Competitive set of available 3. The centre of a large, dynamic 6. Human resources prepared properties and diverse economic area for the future A large number of offices, commercial A great responsibility ethic, high 4.6 million people live in the Barcelona premises and industrial buildings with productivity (one of the highest in area. It is the capital of Catalonia, with a excellent value for money. The Europe, according to the OECD), five population of 7 million, and the centre of construction of residential buildings is public universities, two private the Mediterranean Basin, a large also on the rise. universities and four business schools economic area with 18 million (ESADE, IESE, EADA and IESKA), 27 inhabitants. It accounts for 70% of 10. Unique private-public international schools, great new Catalonia's GDP. Its growth in 2004 was cooperation technology penetration, and a favourable 3.1% of GDP, above the Spanish and Barcelona City Council and the Catalan disposition towards innovation and European average, and it is the sixth Government have made a serious creativity. largest urban agglomeration, as well as commitment to business. The success of the fifth largest industrial concentration, the traditional private-public cooperation 7. Excellent quality of life in Europe. has been key to Barcelona's The top European city for quality of life. A transformation. stable climate, sunshine, beaches, ski, a generous range of culture and leisure In the following pages, you will find more activities, a network of 4,500 education detailed information on Barcelona's institutions, a modern and accessible economic reality. health service, easy access and travel by 9
    10. MAIN ECONOMIC 1.2 INDICATORS 1.2.1 BASIC INFORMATION activity in southern Europe, a city's population, a very close Mediterranean arch including the percentage to other European cities ABOUT THE CITY Balearic Islands, the Autonomous such as Madrid, Copenhaguen and Regions of Valencia and Aragon, and Hamburg among others, and higher Location southeast France. than the Spanish average of 8.4%. Barcelona is one of the largest cities Barcelona metropolitan area is the The immigration of the last ten years in Europe. It is the centre of a large sixth largest urban agglomeration, as has brought to the city of Barcelona a metropolitan area of over 217 well as the fifth largest industrial very significant increase in the municipalities with 4.6 million concentration, in Europe. number of languages spoken in it. inhabitants. It is the economic, The current language situation is 223 cultural and administrative capital of Demographically, the city of languages from 190 countries, a level Catalonia, which is located in Barcelona is constantly growing richer of diversity which promotes an northeast Spain on the Mediterranean and more diverse; with 160 increasingly open and tolerant shore. nationalities in 2004. metropolis. Barcelona currently has over 230,000 It is at the forefront of a 17-million- foreign residents. This is 14.6% of the inhabitant emerging area of economic AREA AND POPULATION (2005) Population Area (km2) Density (inhabitants/km2) Barcelona 1.578.546 101 15.671 Metropolitan area 4.673.648 3.236 1.427 1. ECONOMIC PRESENTATION Catalonia 6.813.319 31.895 210 Spain 43.197.684 505.988 84 Oslo Stockholm Source: Barcelona City Council and the Spanish National Institute of Statistics (INE) Copenhagen EVOLUTION OF FOREIGN POPULATION Dublin Berlin Amsterdam January 2005 % of the total foreign population London Brussels Prague Frankfurt Europe 52.835 22,9 Paris Vienna Asia 36.810 15,9 Geneva Africa 20.818 9 Milan America 120.197 52,1 Rome Barcelona Australasia 282 0,1 Total number of foreigners 230.942 100 in Barcelona 10 Source: Barcelona City Council
    11. GDP medium-sized companies (SME, known GDP at market prices and inter-annual variation rate EU 25 EU 15 SPAIN CATALONIA in Catalan by the abbreviation PIME), (2000 base index) representing 99.7% of all companies. GDP (2004) (in millions of euros) 10.218.488 9.743.054 837.557 157.124 Employment Annual growth rate in real terms. 2,4 2,3 3,1 3,1 Recent years have shown a very positive GDP per capita (2004) (in millions of euros) - 25.281 19.637 23.542 picture of Barcelona’s job market. Both activity and employment rates grew, Sources: Spanish National Institute (INE), Institut d'Estadística de Catalunya (IDESCAT), Eurostat boosted by demographic growth and good economic and business prospects, In parallel to the process of moving a Historically, Catalonian economy has and the job market picked up with an large portion of the industrial sector to the been one of Spain’s main economic increase in the number of employed metropolitan conurbation, the industry drivers and is still the autonomous region workers registered with the Social remaining in the central area has with the highest Gross Domestic Product Security system. Specifically, 25,000 strengthened its conversion to high value (GDP) in absolute terms. In recent years, new jobs were created in Barcelona in added industry. It is formed by new it has followed a trajectory of expansion, 2003 and 2004, of which 39% were in economic activities of an industrial and short term growth forecasts are high value added sectorst. nature with branches such as positive. environmental services, culture The gradual incorporation of legal industries, the media, air transport and immigrants in recent years and the 1.2.2 A DIVERSIFIED others with great growth potential. increase in female employment and Specifically, in the 2000-2004 period, the ECONOMIC activity rates, following the growing amount of medium and high-tech tertiarisation of the production network of STRUCTURE industry in Barcelona and its the city and its metropolitan area have metropolitan area increased by up to been two very significant factors in the 11.2% and 35.8% respectively. In the Activity by sector boost of this expansion trend. services sector, especially in tourism- related services, high value added The city’s wealth and development have Barcelona's tertiary sector is growing in a occupancy has increased by over 33%. traditionally been based on trade and clearly entrepreneurial manner, as manufacture. At the moment, the shown by the fact that the strongest Business structure economic activity’s structure is increase in the last three years has been characterised by the dominance of the in the number of registered self- Barcelona has a large business network services sector and the maintenance of a employed, especially in the new very similar in structure to the European significant industrial base in the whole of technologies sector. one. There are over 417,000 small and the metropolitan area. The unemployment rate in 2004 was 6.2%, noticeably lower than that of Catalonia, Spain and the European STRUCTURE OF THE AFFILIATION TO THE SOCIAL SECURITY GENERAL SYSTEM Union. ACCORDING TO BIG SECTORS (% /TOTAL) . 4TH QUARTER 2004. Barcelona Catalonia Spain 1.2.3 FOREIGN INVESTMENT Agriculture 0,2 0,4 0,5 IN BARCELONA Industry 13,0 22,6 18,0 The Barcelona area is a very important Construction 5,2 9,2 11,9 foreign investment attraction centre, Services 81,6 67,8 69,6 especially for industry and advanced services. This can be seen in many TOTAL 100,0 100,0 100,0 international economic indicators, such Sources: Spanish National Institute (INE), Institut d'Estadística de Catalunya (IDESCAT), Eurostat as the annual study conducted by British 11
    12. and marketing services centres. These consultancy firm Cushman & Wakefield centres are at the forefront of the current Healey & Baker, which, for the first time 70% of all Japanese companies and process being undergone by companies in its 2005 edition, named Barcelona as 50% of all German, French and North to become network structures with the fifth best city in Europe for business, American companies in Spain are in independent units in different territories. thus raising it one position. Barcelona’s economic area. Over 50% of foreign companies of an industrial nature Trends Already established companies very in Barcelona’s economic area belong to often make a strategic commitment the chemical, pharmaceutical and car Barcelona is at the receiving end of a through new investments in order to industries. The services sector accounts growing flow of investment aimed at make their subsidiaries evolve towards for 42%, and construction for another creating management and services higher value added activities. The main 3%. centres, research and distribution reason for this is the high satisfaction centres, software development centres level (97%) of companies already The Barcelona area is still a destination of and design centres in the most varied operating in the Barcelona area. reference for attracting highly specialised sectors, such as professional and services such as administrative, financial consumer electronics and the car industry. These are some of the sectors, activities and forward-looking uses the city wants to boost. This is why Barcelona has Number of Foreign Companies in 2004 decided to promote the establishment, in Barcelona 1.340 1. ECONOMIC PRESENTATION the city, of financial activities and businesses of large multinationals related Metropolitan area 2.698 to design, knowledge, distribution and Catalonia 2.915 customer call centres, also known by the English names Call Centers or Customer Source: Foreign Investment in the Barcelona Area (La inversió estrangera a l'àrea de Barcelona). Barcelona: Barcelona City Council, CIDEM, 2004. Relationship Management. Foreign Investment in Catalonia (1994-2004) 30.022.220.000 € Percentage in relation to the total for Spain: 15,57% Foreign Investment in Catalonia (1st half of 2005) Growth rate in 2005/2004. 25% Percentage in relation to the total for Spain: 44,3% Source: Foreign Investment in the Barcelona Area (La inversió estrangera a l'àrea de Barcelona). Barcelona: Barcelona City Council, CIDEM, 2004. 12
    13. 1.2.4 AN INTERNATIONALLY RECOGNISED LOCATION Barcelona has some of the highest entrepreneurial nature for business positions in the various international and the quality of life enjoyed here rankings, which rate its urban reality, very highly. its ability to attract foreign capital, its BARCELONA, TOP 10 The European city which best promoted itself at an international level to attract Cushman & Wakefield Healey & Baker. foreign investment in 2005. The fifth best city in Europe for investing and doing business in 2005. Cushman & Wakefield Healey & Baker. The city with the best quality of life in Europe in 2005. Cushman & Wakefield Healey & Baker. Barcelona, the second most attractive European area for foreign investment in 2004. Chambre de Commerce de Paris. Best European city for investing in 2004. FDI, Foreign Direct Investment. (Group Finantial Times) The European city which has advanced most in recent years (2005). Cushman & Wakefield Healey & Baker. The European city of the future in 2004. FDI, Foreign Direct Investment. (Group Finantial Times) Best European city for transport in 2004. FDI, Foreign Direct Investment. (Group Finantial Times) One of the cities with the best growth prospects in Europe in 2002-2006. ERECO European Economic Research Consortium. One of the cities with the most competitive cost of living in 2004. UBS INTERNATIONAL COMPARISONS 2005 GROSS VALUE INTERNATIONAL SCIENTIFIC OVERNIGHT COST QUALITY FOREIGN CITY FOR PRODUCTION STAYS OF LIVING OF LIFE MEETINGS INVESTMENT ADDED BUSINESS ORGANISED RECEIVED FORECASTS LONDON LONDON LISBON BARCELONA PARIS LONDON WARSAW LONDON 1 PARIS PARIS LYON PARIS VIENNA PARIS BUDAPEST PARIS 2 MOSCOW DUBLÍN HAMBURG STOCKHOLM GENEVA LYON DUBLIN FRANKFURT 3 BERLIN ROMA BIRMINGHAM MUNICH BRUSSELS COPENHAGUEN ATHENS BRUSSELS 4 ROME MADRID MADRID MADRID LONDON MOSCOW MADRID BARCELONA 5 MADRID BERLIN BARCELONA ZURICH BARCELONA BARCELONA PRAGUE AMSTERDAM 6 CAMBRIDGE BARCELONA BRUSSELS GENEVA COPENHAGUEN STOCKHOLM STOCKHOLM MADRID 7 MUNICH VIENNA ATHENS OSLO BERLIN BUDAPEST HELSINKI BERLIN 8 BARCELONA PRAGUE GLASGOW DUBLIN ROME PAS-DE-CALAIS BARCELONA MUNICH 9 MILAN AMSTERDAM BERLIN VIENNA STOCKHOLM DUBLIN BIRMINGHAM ZURIC 10 ERECO Union Catalonia Tourism Mercer Human Cushman Font: Cushman Ernst & Young of International Polytechnic Marketing Resource & Wakefield & Wakefield Associations University Information Consulting Healey & Baker Healey & Baker 13 System
    14. 1.2.5 FIRST CLASS 1.2.6 QUALITY OF LIFE: A In addition, Barcelona has a highly valued cultural offer: 46 theatres, 41 INTERNATIONAL CITY TO VISIT AND museums, 46 libraries, over 200 cinema EDUCATION AND LIVE IN screens and countless concerts and ACADEMIA festivals held throughout the year. It is a Barcelona is a dynamic, modern and great city which brings to daily life the diverse city, whose profound Thanks to its significant education inheritance of its architectural and entrepreneurial, commercial and tradition, Barcelona is very well equipped monumental heritage. It is the only city in competitive spirit has for centuries to continually improve quality in this area. the world with eight World Heritage sites. coexisted with the art of good living and The network of education centres now The city, so full of great examples of the enjoyment of the expressiveness of a offers a very comprehensive selection of Modernista architecture and works by demanding culture and urban quality. study possibilities to provide an easy Gaudí, has been asserting its open and solution to different situations and progressive nature from the late 20th Its Mediterranean climate, the culture education needs. century, with a new urban architecture and leisure options on offer and the which has reached clear international quality of life are key to attracting tourists Universities and higher education projection. and businesspeople to Barcelona. The city, located between the sea and the The city has eight universities and several mountains, enjoys temperatures of All this, added to first class public and business schools of international renown. between 23º C in the summer and 9º C private services (education, health, etc.), In addition, there are eleven technology in the winter, and has 7 km of well a high environmental commitment from transfer centres linked to the universities maintained beaches in the city centre businesses, respect for quality and which have received several awards for itself. occupational risk prevention, and a their innovative initiatives from the European Commission’s Directorate- General for Enterprise and the Information Society. Name of the Organisation Type Web Barcelona has consolidated itself as a Barcelona University (UB) Public www.ub.edu first class university destination in terms Barcelona Autonomous University (UAB) Public www.uab.es of number of universities, qualifications and students. Catalonia Polytechnic University (UPC) Public www.upc.edu Pompeu Fabra University (UPF) Public www.upf.edu International schools Ramon Llull University Private www.url.edu There are several foreign schools in the 1. ECONOMIC PRESENTATION Abat Oliba – CEU University Private www.uao.es city and its surroundings, enabling anyone wishing to do so to pursue Catalonia International University (UIC) Private www.uic.es foreign curriculums in the city. There are Catalonia Open University (UOC) Private www.uoc.edu 27 such schools in total, providing teaching in five languages: English, IESE Business school www.iese.edu French, German, Italian and Japanese. ESADE Business school www.esade.edu www.cidem.com/catalonia/cat/com/adreces/escoles/index.jsp EADA Business school www.eada.edu IESKA Business school www.ieska.com UNIVERSITY DATA FOR ACADEMIC YEAR 2003-2004 First and second stage internal and approved university diplomas. 393 qualifications University students. 204.000 Foreign students. 11.221 Source: Barcelona University Centre (BCU), 2004 14
    15. public transport system combining District 22@ research, linked to the new production quality and price, make Barcelona a very and business activity. It is in the new appealing city both for living in and for Avenida Diagonal extension area, on the A project to transform the industrial doing business. coastline and the right bank of the River district of Poblenou into an innovative Besòs. This campus, which is promoted production district, in the heart of the city, International comparisons by the Barcelona 22@ innovation and offering modern spaces for strategic the large transformation being concentration of intensive knowledge Barcelona’s international renown for the undertaken in the Besòs area, will help activities. This initiative is both an urban quality of its city life and the gradual polish and modernise the current urban renewal project and a new city model in internationalisation it has achieved has grid. answer to the challenges of the been consolidated in recent years. This is Knowledge Society. so to the point that it was chosen 160.000 square metres devoted to a new European city with the best quality of life approach to knowledge spaces. Scope: 200 hectares. for the seventh consecutive year in the 2005 European ranking published by 3.200.000 square metres of production spaces. Cushman & Wakefield Healey & Baker 220.000 square metres for new facilities and (C&W H&B). green areas. Barcelona Biomedical Research Park 4.000 new subsidised flats and houses. On the other hand, Mercer Consulting’s ranking of the most expensive cities in An estimated 130,000 new jobs. This initiative is promoted by the the world placed Barcelona in 56th Catalonian Government (Generalitat de An economic potential of €12,000 million for place, and the Union de Banques the whole operation. Catalunya), Barcelona City Council and Suisses (UBS) placed it in 27th place in Pompeu Fabra University, and aims to its study taking into account citizens’ + www.bcn.es/22@bcn place Barcelona at the forefront of income level on the basis of salaries. Besòs Inter-University Campus European transnational biomedical research. It is a science project involving In summary, Barcelona is in a place of This relates to the creation of an inter- both basic and applied research, in a preference in terms of economic activity university campus for teaching and 50,000 square metre space, able to and business attraction, while consolidating itself as a fantastic European tourist destination offering both visitors and residents modern and inclusive city planning with a high quality of life. 1.2.7 NEW CITY PLANNING PROJECTS Barcelona is in the middle of the largest city planning transformation in its recent history. The city planning and infrastructure projects recently undertaken and currently in progress are shaping the 21st century city, where economic growth, the maintenance of competitiveness and job creation will affect citizens’ lives. Later is a description of some of the most emblematic projects: 15
    16. Sagrera-Sant Andreu plan provide answers with perspectives 40 million passengers per year. ranging from molecular to population This is a city planning transformation levels. 90 operators at the busiest times and 400,000 project covering a large area of operations per year. 50.000 square metres. Barcelona. It includes regulating the 500.000 tonnes of goods per year. railway infrastructures in the north of 80 research groups. the city, building the new La Sagrera 250-hectare services area. 1.000 professionals, scientists and highly High Speed Train central station and + www.aena.es qualified technicians. carrying out city planning improvements on five districts around + www.prbb.org the new rail complex, which will Port extension involve covering the tracks and Work on the extension of Barcelona port Airport extension creating a large linear park of over 4 began in late 2001 with the placing of the kilometres in length connecting the first stone of the east pier. When this is The airport extension project is districts of Sant Andreu-La Sagrera to completed, the port’s area and coordinated through the Airport Master Sant Martí. The details of the plan are: infrastructures will have doubled, Plan, which provides for the regulation of enabling it to double its goods traffic too. activities in the airport premises and the One of the port's main appeals will be completion of the new passenger and Total area: 163 hectares (98 hectares of offices and housing; 53 hectares of green multi-access, thanks to the new road and cargo terminals and of the whole airport areas, and 12 hectares of facilities). 1. ECONOMIC PRESENTATION rail access, the arrival of the European in general. track width and the close proximity of the Construction of 8,000 new dwellings, offices and commercial premises.. airport. This extension, which will be The aim is to turn Barcelona El Prat completed in 2010, will make it possible airport into an international connection +www.bcn.es/urbanisme/tav for the port to become the main logistics airport which will be able to meet the centre in Southern Europe. growing demands forecast between now For information on other projects for and the 2025 horizon. The main actions Barcelona and its environs, visit: envisaged by the Plan by 2007 are: 1.265 hectares of land surface area (currently www.bcn2000.es. 558 hectares). renovation and refurbishing of the current terminal area, building the third 786 hectares of sea area (currently 374 hectares). runway and extending the existing one, the new South terminal, road and rail 265 hectares of logistics areas (currently 65 access, the services area (air cargo hectares). centre and aeronautical park), and + www.apb.es environmental action. 16
    17. LOCATION AND 1.3 THE PROPERTY MARKET 1.3.1 OFFICES AND BASIC INFORMATION RELATING TO OFFICES COMMERCIAL m2 PREMISES Office space 4.906.634 Barcelona’s business spaces – over 12 Contracted surface area 413.000 million square metres of industrial areas Available space 295.000 and around 4,500,000 square metres of total office floor space – enable business Non-occupancy rate 6% activities to grow and develop with Minimum and maximum rent prices (€/m2/month). 8,5 / 23,5 excellent value for money, especially with Source: Jones Lang Lasalle. 2005 regard to offices. OFFICE MARKET ZONING IN THE BARCELONA AREA Sant Cugat Vallès Occ. Sant Just Desvern Sant Joan Despí Cornellà Mas Blau Zona Franca Traditional central area Traditional business district Traditional secondary central New central districts Inner periphery Barcelona city. Barcelona city. zone Barcelona area. Barcelona area. Avenida Diagonal and City centre and central Barcelona city. Gran Via l’Hospitalet, Diagonal Zona Franca, Mas Blau, Passeig de Gràcia. Eixample area. Left and right Eixample, Mar, 22@, Olympic Village and Sant Cugat Business Park, 17 boundary areas. Port. Cornellà, Cerdanyola and Viladecans.
    18. Commercial premises SHOPPING STREETS AND DISTRICTS IN BARCELONA Commerce has always played a very important role in Barcelona’s history. The commercial sector is one of the activities which best reflect the open mentality of Barcelona’s inhabitants and the city’s good economic development. In addition, Barcelona has inherited a track record as a successful Mediterranean trading city. In 2004, commercial sector turnover rose to €32,664 million, 6.2% higher than the previous year. This figure represents 15% of the city’s GDP and over 163,000 jobs. Barcelona has 17 BASIC INFORMATION RELATING TO COMMERCE open air shopping districts spread out Number of commercial establishments 53.668 throughout the city. They are city areas with high concentrations of shops. They • Wholesale (26,6%) 14.280 are generally shopping areas with a • Retail (73,4%) 39.388 different offering from the city centre. Non-occupancy rate 7,8% Average rent prices (€/m2/year) 600 1.3.2 INDUSTRIAL LAND Total average sale price (€/m2) 2.000 AND BUILDINGS Source: Developed in-house based on data provided by Global Property Alliance, King Sturge and Barcelona City Council Barcelona is one of the cities with the E-1 most real property available for industrial ZONING OF BARCELONA'S INDUSTRIAL OFFERING activities in the Mediterranean Basin: E-1 over 12 million square metres. In spite of the limits on increasing this availability with new industrial land, the metropolitan D-2 B-5 area offers new opportunities around the 1. ECONOMIC PRESENTATION D-1 main road arteries. The general trend B-4 C-3 E-1 indicates that the industrial land closest D-1 to Barcelona city centre is gradually C-4 C-2 being converted to mixed office, B-2 B-3 warehouse and residential premises B-1 A-3 C-1 A-2 E-1 A-1 E-1 Zona C Zona A Vallès Occidental and others Barcelonès, Baix llobregat AVERAGE PRICES FOR INDUSTRIAL BUILDINGS AND PREMISES Industrial building rent price (€/m2/month) 7,1 Zona B Zona D Vallès Oriental and others Maresme and others Industrial building sale price (€/m2) 1.175 Industrial land total sale price (€/m2) 707,5 Zona E Source: Forcadell and King Sturge. Second ring 18
    19. RENT COMPARISON. BUSINESS SPACES IN THE MAIN URBAN AREAS OF THE WORLD (2004) RENT Offices €/m2/year Commercial spaces €/m2/year Industry €/m2/month Amsterdam 345 1.600 65 Athens 320 3700 85 Barcelona 260 600 80 Beijing 175 1.349 125 Berlin 288 2.280 72 Birmingham 418 4.732 91 Brussels 280 1.300 68 Buenos Aires 90 190 35 Chicago 270 1.321 104 Dublin 516 6.000 120 Hong Kong 461 3.664 45 London 908 7.882 190 Madrid 280 720 85 Manchester 396 5.047 84 Miami 265 209 74 New York 435 2.573 106 Paris 670 8.000 61 San Francisco 240 739 104 Shanghai 315 1.125 45 Taipei 172 1.059 136 Tokyo 720 575 138 Washington 370 530 116 19 Source: Global Aliance Property
    20. 1.3.3 AVAILABLE RESIDENTIAL PROPERTY Sarrià - Sant Gervasi Horta - Guinardó Nou Barris Les Corts Gràcia Sant Andreu L’Eixample Sant Martí Ciutat Vella Sants - Montjuïc HOUSING BY DISTRICT 2004 saw an upturn in the number of Reference prices (2005) SALE RENT dwellings in the market. The number of 1. ECONOMIC PRESENTATION Districts Newly built €/m2 Second hand €/m2 Average €/m2 dwellings available in Barcelona increased by 10.1%. Residential Ciutat Vella 4.200 3.900 10,4 construction has focused on the L'Eixample 5.276 4.139 10,56 outskirts, which have more land available, mostly free from other uses. All Sants 3.827 3.573 11,24 this new residential construction has Les Corts 4.393 4.402 12,93 increased its sale price by around 20.6%. The rental market, on the other Sarrià - Sant Gervasi 7.856 4.906 12,9 hand, has experienced a more moderate Gràcia 4.335 4.006 11,21 growth: around 7.6%. Horta - Guinardó 3.430 3.359 9,93 Nou Barris 3.350 3.121 9,75 Sant Andreu 3.581 3.364 9,65 Sant Martí 3.636 3.700 11.15 Average for Barcelona 4.493 3.813 10,91 20 Source: Municipal Housing Trust (Patronat Municipal de l'Habitatge)
    21. 1.3.4 LOCATION Name / type Description Web address International property The main international estate agents Barcelona City Council, through the * consultants. operating in Barcelona offer a wide Economic Promotion Sector (Sector de range of locations and services. Promoció Econòmica), and the Centre for Innovation and Business Company 22@bcn. State-owned organisation which www.bcn.es/22@bcn Development (CIDEM), provide help and manages the conversion of the district of Poblenou into a technology advice to find spaces for economic district. It provides information on activities. There are also various commercial premises and offices in the area. companies, institutions, guidebooks and websites to help you find different types Pacte Industrial de A BCN metropolitan area organisation www.pacteind.org la Regió Metropolitana. providing information on in dustrial of property (offices, commercial buildings & commercial premises. premises, industrial land and buildings Cimalsa. Integrated Centre for Logistics Activiti- www.cimalsa.es and residential properties). Later is a list es and Goods), a State-owned organi- of some of the main ones. sation which promotes infrastructures and facilities relating to logistics and transports Col·legi d'APIS. Official Estate Agents’ Association for www.apibcn.com Barcelona city and province. Col·legi d'Administradors Professional Association of Property www.coleadministradors.com Administrators for Barcelona and Lleida. Business centres. Barcelona and its surrounding area * have a wide range of business centres with all kinds of spaces and services for businesses Business incubators. Aimed at entrepreneurs with a viable www.barcelonactiva.es business project who wish to start a company and set up in the city. Relocation companies Companies which offer all kinds of * services to help foreigners settle into the city. Real estate guidebooks Offices and commercial and residential and portals premises are also marketed by means of classified advertisements in news- * papers, property supplements in news- papers and magazines, specific adver- tising by estate agents, and also through real estate portals on the Internet 21 * Address lists are available from Barcelona City Council and CIDEM.
    22. TRADE FAIRS AND 1.4 CONFERENCES 1.4.1 BARCELONA TRADE 1.4.2 CONFERENCES, related activities generated 2,000 million euros of induced economy. Some of the FAIR (FIRA DE CONVENTIONS AND more than 70 shows organised by Fira BARCELONA) PROFESSIONAL de Barcelona are in the top places of the MEETINGS European trade fair ranking: Alimentaria Most of the trade fair and conference (food and drink sector), Sonimagphoto activities held in the city take place at Fira According to data from the International (audio and photography), Saló de de Barcelona, which is one of the drivers Union of Associations, Barcelona is in l'Automòbil (cars), Hispack (packaging), of the city’s commercial activity. Since its seventh place in the world in the Graphispag (graphics), Caravaning creation almost one hundred years ago, conference and convention tourism (caravans), and Saló Nàutic (boats). this is the leading such centre in the market. The attached table contains whole of Spain and one of the top five in some data showing the active economy Fira de Barcelona is formed by two large 1. ECONOMIC PRESENTATION Europe in terms of number of events in this area. From the spaces available centres: Montjuïc-1 and Montjuïc-2. held. for organising conferences and When the current extension is finished, conventions in the city, it highlights the the centre will cover an area of 355,000 Every year, Fira de Barcelona welcomes Fira de Barcelona facilities (Palau de square metres, making it the second over 30,000 exhibiting companies and Congressos and Centre de Convencions largest in Europe 3.5 million visitors. In 2004, trade fair- - the Conference and Convention Centres), the new Barcelona International Convention Centre (CCIB) CONFERENCES AND PROFESSIONAL MEETINGS (2004) and the Palau de Congressos de Catalunya (Catalonia Convention Number of meetings Number of participants Centre). In addition, the Barcelona Conferences, seminars and courses 374 Conferences, seminars and courses 193.708 Convention Bureau provides all kinds of information and advice for the Conventions and incentives 772 Conventions and incentives 166.627 organisation of conferences, meetings Total 1146 Total 360.335 and incentive trips. Source: Barcelona Tourism Board, 2004. 22
    23. CATALONIA CONVENTION CENTRE BARCELONA INTERNATIONAL FIRA DE BARCELONA CONFERENCE AND (PALAU DE CONGRESSOS DE CONVENTION CENTRE (CCIB) CONVENTION CENTRES. CATALUNYA) (PALAU DE CONGRESSOS AND CENTRE CCIB was built for the 2004 Universal DE CONVENCIONS DE BARCELONA). It was built in 2001 and is part of the Forum of Cultures. It is now the largest Royal Complex, a deluxe complex convention centre in southern Europe Fira de Barcelona is also a leader in the created by the Conference Centre itself, and its construction has greatly organisation of industrial and the hotel Juan Carlos I, The Royal Fitness advanced Barcelona’s position in the professional conferences, events and and The Royal Catering, with the aim of conference and convention tourism conventions. It is one of the sector’s top offering top level services tailored to each sector, since the city can now meet four institutions in Europe in terms of client’s needs. demand for events of over 6,000 number of events. It includes the delegates and can hold 15,000 people in Conference Centre (Palau de a single place. Congressos), located in the Montjuïc-1 + Information premises, and a convention centre in the Tel. +34 93 364 44 00 info@pcongressos.com Montjuïc-2 premises. www.pcongresos.com + Information Tel. +34 93 230 10 00 ccib@ccib.es + Information / Infofira www.ccib.es Tel. 902 233 200 | +34 93 233 20 00 www.firabcn.es BARCELONA CONVENTION BUREAU (BCB) BCB is a Barcelona Tourism Board programme specialising in providing support for the organisation of events and the promotion of the city as a venue for meetings. + Information Tel. +34 93 368 97 00 bcb@barcelonaturisme.com www.barcelonaturisme.com 23
    24. 2. HOW TO START A BUSINESS IN BARCELONA
    25. TYPES OF BUSINESS 2.1 ORGANISATION person who is to carry out the business A self-employed or self-employed worker THERE ARE TWO BASIC WAYS OF activity must be of full legal age (18 or CARRYING OUT A BUSINESS ACTIVITY IN is one who conducts, on a personal, over) and have sufficient legal capacity to CATALONIA: direct and regular basis, an economic carry it out. activity for profit without being subject to On a self-employed basis, i.e. as a self- an employment contract. employed with unlimited liability The steps for starting up a business as a (including both business and personal self-employed are easier and cheaper If a foreigner wishes to carry out an assets) or by creating a company, with than those for starting a company, but activity on a self-employed basis, he or liability limited to business assets. self-employed people are liable for the she must have the legal capacity to business’ debts with their current and conduct a business activity under the Choosing the appropriate type of future personal assets. national law of his or her country of business organisation for the activity origin, and must obtain authorisation (the depends on the investor’s interests and When a place of business is set up, its relevant work and residence permit) strategy. Under the current legal name will be that of the person who owns from the relevant Government office. framework, there is a broad range of the business (although he or she may possibilities with flexibility to adapt to the work under a different trade name). Self- 2.1.2 COMPANIES particular needs of each investor. employed are governed by a special Social Security regime called RETA 2.1.1 SELF-EMPLOYED (Special Regime for Self-employed This can be considered the most Workers) with its own rules distinct from common type of investment. There are This is the perfect way for a natural the regime governing employed workers. several types of company under Spanish person to carry out a business activity in Any workers hired by the self-employed law. The main ones are the Public his or her own name on a regular basis. must register with the general Social Limited Company (Societat Anònima, The only legal requirements are that the Security regime. SA) and the Private Limited Company (Societat de Responsabilitat Limitada, SL), which are characterised by the limitation of investors’ liability to their contribution to the company. 25
    26. much quicker and easier to incorporate business partnerships or portfolio The Public Limited Company (SA) form is (24 h), through standard forms and companies. advisable for large businesses and/or electronic media. It also has simpler projects, both commercial and industrial, accounting obligations and a high degree However, if the entrepreneur is a foreign and requires a substantial capital of flexibility. It is intended for small legal person, it is quite common to set up investment, which can be obtained by business and individual entrepreneurs. an entity without its own legal personality, offering shares to the public. such as a Branch or Representative Below is a table summarising the most Office. However, many medium-sized common types of business organisation: companies also choose this form of Other structures may be interesting for business organisation because of the The steps required for starting up a the establishment of specific projects, ease with which shares can be such as Private Partnerships (Societats transferred. It is worth noting that there Civils Privades), Economic Interest Groups are some sectors in which the (Agrupacions d’Interès Econòmic) and investment must be mandatorily made Cooperatives (Societats cooperatives), through a Public Limited Company: although their use is less widespread these include the banking, insurance because the investors’ liability is and television sectors, among others. unlimited. On the other hand, their great operational The Private Limited Company (SL) is the flexibility and some particularities of tax form usually adopted by small and regimes which apply to them can make medium-sized companies, because of them advantageous for certain projects. the lower minimum share capital required. In any case, their high degree Another business form is the New Firm of flexibility in terms of management and 2. HOW TO START A BUSINESS IN BARCELONA Private Limited Company (Societat organisation also makes them appealing Limitada de Nova Empresa), a new sub- for setting up large businesses for which type of Private Limited Company which is these factors are relevant, such as SUMMARY OF THE MAIN FORMS OF BUSINESS ORGANISATION IN BARCELONA Self-employed Private Limited Public Limited Branches Representative Companies Companies Offices Divided capital. None. Stock units. Own shares. No capital No capital of its own. of its own. Minimum capital. Enough to carry out 3.005,06 €, 60.101,21 €, at least Assigned endowment. Own resources from the activity. paid up on 25% of the minimum the parent. It is incorporation. capital must be paid up not considered foreign on incorporation. investment. Public steps. Not required. Public deed Public deed Public deed Escriptura pública Commercial Register. Commercial Register. Commercial Register. Registre Mercantil. Legal personality. None. The company’s. The company’s. The foreign parent’s. The foreign parent’s. Liability. Unlimited. Limited to Limited to Unlimited for the Unlimited for the contributions. contributions. parent company. parent company. 26
    27. STEPS FOR STARTING 2.2 UP A BUSINESS business depend on the type of business some cases, and depending on the investment at the General Bureau of organisation the investor wishes to use. activity to be carried out, the permit may Commerce and Investment (Dirección Deadlines will vary depending on the only be obtained after their qualification General de Comercio e Inversiones) and type of business organisation chosen. has been officially approved. Foreign Investment Register (Registro Below is a summary of the procedures de Inversiones Extranjeras) of the for each of the business organisation In case of foreign associate (S.A/S.L), in Ministry of Finance (Ministerio de types most commonly used in Catalonia. addition to the tramits mentioned in Economia). section 2.2.2 , must obtain: It is worth noting that, foreign self- In case of foreign administrators employed, in addition to the tramits - Foreigners' Identification Code (S.A/S.L.), they only have to obtain the mentioned in section 2.2.1, must first (Número d’Identificació d’Estrangers NIE. obtain the work and residence permit NIE) in any Government office or the mentioned in section 2.1.1 and 2.4. In Spanish Consulate or Embassy. - Declaration or authorisation of the SELF-EMPLOYED 2.2.1 STEPS FOR SETTING UP AS A Steps Description Institution / Organisation 1. Census declaration confirming that Submittal of official form 036 to obtain the provi- Any branch of the State Tax Administration the provisional Tax Identification Code sional Tax Identification Code, which is also the Agency (Agència Estatal de l'Administració (CIF) has been obtained. self-employed personal Tax Identification Number Tributària) for that address. Registration for the following taxes: (NIF). This step identifies the business activity for Deadline: before starting the activity Value Added Tax (VAT) and Business tax purposes and notifies the administration of the Tax (Impost sobre Activitats starting of the activity. Econòmiques, IAE). With regard to Business Tax, self-employed are exempt from paying this tax but must provide census information by means of the related return Public administrations: regional and local. 2. Obtaining the required licences, autho- These vary depending on the type of business Deadline: before commencing the activity risations and administrative registrations. activity. Provincial Social Security Treasury. 3. Registration with the Special Regime Compulsory registration with the Special Regime for Deadline: within 30 days following the for Self-employed Workers (RETA). Self-employed Workers for self-employed acting as commencement of the activity. individual entrepreneurs, TA-1 card form. Provincial Social Security Treasury. 4. Registering the business with the Compulsory registration of the business with the Deadline for registration: within 30 days Social Security system for registering Social Security system in order to register workers, following the commencement of the activity. workers. TA-1 card form for the first registration, and TA-2 Deadline for registering workers: between 1 card form with details of the business and the and 60 days before the commencement of the workers. activity Provincial branch of the Ministry of Obligation to notify of the opening of the premises 5. Notice of opening of the business Employment Regional Service. in which the activity will be carried out. premises. Deadline: 30 days following the opening of the premises. Labour Inspectorate in relation to the employ- These are the employment record register, and 6. Legalisation of the records. ment record books, and the appropriate Com- the tax and accounts books (Journal, Inventory mercial Register for the address in relation to Book and Annual Accounts). the accounts and tax books. The total time period is approximately one week. (apart from any necessary administrative authorisations). 27
    28. COMPANY (SA / SL) 2.2.2 STEPS FOR SETTING UP A Institution / Organisation Steps Description Central Commercial Register 1. Certificate of availability of company name It provides evidence that the name chosen for the company has (Registre Mercantil Central). (Certificació Negativa de Denominació not already been taken by another existing company. The name is Social). reserved for 15 months. The certificate, however, is only valid for two months, although it can be renewed, and it must be provided at the act of incorporation before a notary public. Any bank or savings bank. 2. Opening a current account and requesting a This is in order to pay in the minimum share capital and provide certificate confirming that the share capital evidence of this payment to the notary when executing the deed of has been paid into the bank. incorporation of the company Law firm. 3. Drafting the company by-laws. They set out the essential rules for the operation of the company. A document whereby a member who is unable to attend the act of 4. Granting powers of attorney. Notary Public’s Office. incorporation of the company before a Notary Public empowers another to appear on his or her behalf. This can also be granted abroad if the document includes a 1961 Hague Convention apostille (a stamp which gives effect in Spain to the power of attorney granted). This is the act of appearance of the members or their representatives 5. Executing the deed of incorporation of the Notary Public’s Office. before a Notary Public formalising the incorporation of the company company. Submittal of the official form (036) to obtain a provisional Tax Any branch of the State Tax Administration 6. Census declaration that the provisional Tax Identification Code which will identify the company for tax Identification Code (CIF) has been obtained. Agency (Agència Estatal de l'Administració purposes, and notifying the administration of the commencement Registration for the following taxes: Tributària) for the company’s tax address. of the company’s activities. Submitting form 036 results in - Value Added Tax (VAT) Deadline: before commencing the activity. automatic registration. New companies are exempt from paying - Corporate Income Tax (Impost de Societats) Business Tax during the first two years of activity. Following this - Business Tax (Impost sobre Activitats time, they will only be subject to this tax after a certain turnover Econòmiques). 2. HOW TO START A BUSINESS IN BARCELONA threshold. The Catalonian Government’s General Tax This is 1% of the share capital and is necessary in order to register 7. Paying Property Transfer Tax and Stamp Department. the company at the Commercial Register. Duty (Impost de Transmissions Patrimonials Deadline: within one month following the execution i Actes Jurídics Documentats, ITP i AJD). of the deed of incorporation of the company. The Commercial Register which corresponds to This publicises the fact of the incorporation of the company by 8. Registration at the Commercial Register. the company’s registered address. Deadline: which it gains legal personality.. within two months following the execution of the deed of incorporation of the company. 9. Obtaining the required licences, autho- These vary depending on the type of business activity. Public administrations (regional and local). risations and administrative registrations. Deadline: before commencing the activity The Provincial Department of the Social Security 10. Registering the company with the Social Obligation to register the company with the relevant Social Security Regional Treasury (Direcció Provincial de la Security system. regime. at Social. Tresoreria Territorial de la Seguretat Social) which corresponds to the company’s registered address. Deadline: before commencing the activity and hiring the first worker. The Provincial Department of the Social Security 11. Registering the workers with the Social Obligations relating to the workers´Social Security registration, TA-1 Regional Treasury (Direcció Provincial de la Security system. card form for the first registration, and TA-2 card form with details Tresoreria Territorial de la Seguretat Social) which of the business and the workers. corresponds to the company’s registered address. Deadline: before workers start to join. Notification of commencement of a new activity to the relevant The Catalonian Government’s Ministry of 12. Notice of opening of the business labour authority, regardless of its type and of whether or not the Employment (Departament de Treball). Deadline: premises. business hires workers. 30 days following the opening of the premises. Any branch of the State Tax Administration 13. Obtaining the definitive Tax Identification Obtaining the definitive Tax Identification Code card. Agency (Agència Estatal de l'Administració Code (CIF). Tributària) for the company’s tax address. Deadline: 6 months after the issue of the provisional card (Step No.6). The Commercial Register which corresponds to This consists of 4 books: the Journal, the Inventory Book, the 14. Legalisation of the company records. the company’s registered address. Annual Accounts, the Minute Book and, in the case of a sole shareholder, the Register of Contracts with the sole shareholder. The total time period is approximately 30 days . (apart from any necessary administrative authorisations and the Commercial Register registration).
    29. 2.2.3 STEPS FOR SETTING UP BRANCH / REPRESENTATIVE OFFICE A The steps are similar to those required for setting up a company, although the following specific issues are worth mentioning: Steps Description Institution / Organisation 1. Executing the deed of incorporation of The following documents relating to the foreign Notary Public’s Office. the branch / representative office. parent company must be provided: - Resolution of the relevant corporate body egarding the decision to set up the branch or representative office. - Granting of powers of attorney to the representative / manager of the branch / representative office. - Certificate of the registry or relevant authority of the parent company’s country confirming the validity of the parent’s existence, the currency of its by-laws and the offices held by its directors. Although no minimum capital is required, it must 2. Opening a current account and Any bank or savings bank. be given the necessary funds to carry out its transferring funds. business. TAX REGIME, 2.3 TAX AND ALLOWANCES (Personal Income Tax - Impost sobre la amounts determined by the law. 2.3.1 TAXES Renda de les Persones Físiques, IRPF) Taxation is based on a progressive rate and income tax paid by legal persons scale ranging from 15% to 45%. Under current Spanish legislation, tax (Corporate Income Tax - Impost sobre obligations in Catalonia are among the Societats, IS). The main difference is that least onerous in the Eurozone. Increases and reductions in assets Corporate Income Tax always uses (generally sales of assets which are not accounts, whereas these are not usually In this section, foreign investors can business stock) are taxed at a fixed rate of required for Personal Income Tax, become familiar with the main tax although records of income and 15% (one of the lowest in Europe). concepts which apply here and ascertain expenditure do exist. their possible impact on business activities. In addition, there is a special module For foreign workers who have been regime for Personal Income Tax (in The tax regime applicable in Barcelona transferred to Spain, there is a regime to which income is calculated on the basis comprises several different taxes which reduce the cost to the employer: their of objective parameters) if the limits can be divided into direct, indirect and salaries (usually agreed as net amounts) stipulated by the laws governing specific local taxes: are taxed at just 25%. activities - especially small businesses such as bars/cafés and shoe shops - are Direct taxes: these are taxes payable on - Corporate Income tax (IS) is charged on met. income. In the case of economic income received by legal persons or activities, tax is paid on the difference companies. The general rate is 35%. - Personal Income Tax (IRPF) is a between income and expenditure. However, small companies (with a progressive tax applicable to available turnover of less than €8 million) profits income, i.e. the total amount of income One must make a distinction between of up to €120, €202.40 are taxed at a received during the calendar year income tax paid by natural persons flat rate of 30%. minus specific essential minimum 29
    30. In addition, the tax rate is noticeably Value Added Tax (IVA) and Property Local Taxes: City Councils charge various reduced when certain legally established Transfer Tax and Stamp Duty (Impost de taxes on economic activity: tax benefits, such as those affecting Transmissions Patrimonials i Actes research, development and innovation Jurídics Documentats, ITP i AJD). - Business Tax (Impost sobre Activitats activities, are applied. Econòmiques, IAE): this tax is - Value Added Tax (IVA): this applies to calculated on the basis of objective In addition, the deduction for reinvestment business activities and is ultimately parameters, such as the activity and the of profit means that capital gains on supported by consumers. number of square metres of the certain assets are taxed at 15% provided premises in which the business is - Property Transfer Tax and Stamp Duty the amount obtained from their transfer is conducted. (ITP and AJD): this applies to transfers reinvested under the conditions stipulated between persons other than by the law. There is an exemption for natural entrepreneurs and to certain real persons and businesses with a turnover property transactions. Indirect taxes: these are taxes payable on of under €1 million. consumption. There are two main types of indirect tax: GENERAL TABLE OF THE MAIN TAXES APPLICABLE TO BUSINESSES IN CATALONIA PERSONAL INCOME TAX (IRPF) (NATURAL PERSONS): Progressive scale ranging from 15% to 45% DIRECT TAXES: on business profit 2. HOW TO START A BUSINESS IN BARCELONA CORPORATE INCOME TAX (IS) (LEGAL PERSONS): General rate of 35% with certain allowances VALUE ADDED TAX (IVA) This is charged at three different rates: 4%, 7% and 16% INDIRECT TAXES: TAXES on consumption PROPERTY TRANSFER TAX (ITP) On certain purchases of real property: 7% On the incorporation of a company: 1% LOCAL PROPERTY TAX (IBI) On ownership of real property LOCAL TAXES: BUSINESS TAX (IAE) on other items On the exercise of business activities (companies only) OTHER TAXES For rubbish collection, on ownership of vehicles, etc. 30
    31. - Local Property Tax (Impost sobre Béns 2.3.2 MAIN TAX certainty on the applied allowance. This Immobles, IBI): this applies to ALLOWANCES FOR allowance can also be applied by: ownership of real property, and the FOREIGN INVESTMENT amount charged depends on the value - Businesses carrying out R&D tasks for of the property and the rate set by the foreign companies which are not Barcelona has one of the best tax City Council in question. permanently established in Spain. In allowance regimes for technological such a case, the Spanish business can innovation, research and development - Other local taxes, such as the Tax on include as R&D expenditure any for companies worldwide. This Spanish Buildings, Works And Installations expenditure associated with R&D tax framework for RDI is acknowledged (ICIO), which is charged based on the projects commissioned by foreign by the Union of Industrial and value of certain works; the Tax on the companies. Employers’ Confederations of Europe Increase of Value of Urban Land (UNICE) as the best in the OECD (IIVTNU), a capital gains tax charged - Subsidiaries of multinationals (Organisation for Economic Cooperation on the transfer of real property; or the established in Spain which carry out and Development). road fund licence (Impost sobre R&D activities from Spain for group Vehicles de Tracció Mecànica), entities abroad may apply for tax charged on ownership of vehicles allowances for RDI activities in relation Research, Development and Innovation which may be relevant depending on to expenditure made abroad for up to (RDI) Allowances: these can range from the business activity. 25% of the total amount invested in the 10% to 70%. project, provided the main part is carried out in Spain. In addition, it is possible to obtain an Spain also has one of the most administrative certificate for the amount favourable tax regimes for holding of the allowance, which confers legal companies (ETVE) in the world. TAX ALLOWANCES FOR RDI Research and Development Expenditure relating to R&D projects 30-50% Personnel expenditure on qualified researchers an extra 20% dedicated solely to these activities. Expenditure relating to research and development projects an extra 20% contracted with universities, public research agencies or technology and innovation centres Investments in tangible and intangible fixed assets 10% (excluding real property and land) intended solely for R&D activities Technological Innovation Expenditure relating to technological innovation projects 15% contracted with universities, public research agencies or technology and innovation centres Expenditure relating to industrial design and 10% production process engineering. Expenditure relating to the acquisition of advanced technology in 10% the form of patents, licences, know-how and designs (with a limit of 1m €) Expenditure relating to obtaining a certificate 10% of compliance with ISO 9000, GMP or other similar quality regulations 31
    32. This scheme has better incentives than Holding Companies (Entitat de tinença de the Dutch one. In 2004, €6,605 million valors estrangers - ETVE): This regime is (89% of foreign financial investment in basically intended for those international Spain) was channelled through this groups which wish to have a centre from scheme. These companies can also © Parc Científic de Barcelona, Raimon Solà. which to manage their holdings in carry out other activities. several countries. The only requirements are the incorporation of a company in Other interesting incentives are those Spain and the provision of securities from relating to Personal Income Tax (IRPF): the companies in which the ETVE has a holding (provided they represent a Regime applicable to workers established minimum holding of 5% or less but with in Spain: a cost of more than €6m, and provided This regime allows foreign workers to the companies in which it has a holding move to Spain, reducing the cost to the conduct business). The combination of these regimes business, by taxing their salaries (usually (allowances for RDI, ETVE and workers agreed as net amounts) at just 25% Thanks to this privileged tax regime, an who have been transferred to Spain), instead of the usual 45%. ETVE with the above characteristics does together with a high quality of life, makes not have to pay tax on dividends received Barcelona a particularly appealing place This regime applies during the year of from non-resident companies in which it to set up research and development transfer to Spain and the five following has a holding and its members do not centres and business management years. have to pay on the sums distributed by centres. These tasks can be brought the ETVE. together into one company, which can result in significant tax advantages. 2. HOW TO START A BUSINESS IN BARCELONA WORK AND RESIDENCE 2.4 PERMITS EU 15: Non - EU members wishing to carry Belgium, Denmark, out any work or professional activity Germany, Greece, Spain, EU + EEA + SWITZERLAND France, Ireland, Italy, for profit must be over 16 years of Luxembourg, the These citizens may work and live in Spain without needing any permits.* age and have a visa and a work and Netherlands, Austria, residence permit (authorisation). Portugal, Finland, Sweden and the United This permit will allow them to work Kingdom and live in Spain. Countries which have OTHERS recently joined the EU: EU citizens do not require a visa or a Czech Republic, Estonia, In order to work and live in Spain, they must obtain a specific permit and meet the Cyprus, Latvia, Lithuania, residence permit, since freedom of requirements stipulated in the Immigration Law. The main requirements are: Slovenia, Hungary, Malta, movement within the EU applies to Poland, Slovakia. - Residence and self-employment people as well as to goods and - Residence and employment by a third party EU 25: capital. EU 15 + countries which - Work permit for seasonal workers have recently joined the EU - Work permit for transnational workers. EEA (European Economic Area): EU 25 + Iceland, Norway, Liechtenstein and Switzerland. *Temporarily, until May 2006, workers from countries which have recently joined the EU (with the exception of Malta and Cyprus) must obtain a permit to work and live in Spain 32
    33. 2.4.1 SELF-EMPLOYED WORK PERMITS IS THE FOREIGNER ALREADY LEGALLY RESIDENT IN SPAIN? A foreigner wishing to work self- employed must submit two applications: 1. one for a residence permit (in Spain) YES NO 2. one for a residence visa (in his or her country of origin) No residence visa is required. Two applications are required: The order to present them will vary An initial work permit application depending on various factors, as is must be submitted directly to the 1) Application for a self-employed Immigration Bureau (Oficina shown in the following table: residence visa (at the Spanish d'Estrangers) in Spain. Consulate office in the country in which the interested party currently resides). 2) Initial residence permit application If the foreigner is in his or her own If the foreigner is in Spain on a country of origin, he or she must temporary basis he or she may submit the work residence visa submit the initial work permit application at the Spanish application directly to the Consulate office and, once the visa Immigration Bureau in Spain and has been obtained, come into then apply for a visa at the Spanish Spain and submit the initial work Consulate office in his or her own permit application at the country. When the visa has been Immigration Bureau in Spain. obtained, the foreigner may come into Spain as a resident and must provide the Immigration Bureau in Spain with a copy of the visa. The foreigner must wait for the decision regarding the granting of the work permit before he or she can COMMENCE HIS OR HER BUSINESS ACTIVITY Note: Temporarily, until May 2006, workers from countries which have recently joined the EU must obtain a permit to work and live in Spain 33
    34. 2.4.2 RESIDENCE AND EMPLOYED WORK PERMITS EMPLOYER FOREIGN WORKER The relevant forms and information can be found at the Is the foreigner already legally resident in Spain? Immigration Bureau in Spain or on its website. Does the worker belong to one of the following groups? - Top executives, people in positions of trust, or highly qualified staff. - Service providers (installation of production lines, training, etc.). YES NO NO YES No residence visa is The application for an required. The employer employed residence 2. HOW TO START A BUSINESS IN BARCELONA must submit the initial visa must be submitted He or she must go to a work permit application at the Spanish Catalonian Government in Spain. Embassy of the employment office foreigner's place of (OTG) to arrange the residence. “employment offer”. He or she must submit the initial work permit application at the Immigration Bureau in Spain. Is the worker legally resident in If the foreigner is in If the foreigner is in his Spain? Spain on a temporary or her own country: The basis: The employer employer must send must submit an initial the proof of application work permit application to the worker. directly at the Immigration Bureau in NO YES Spain and give the proof of application to the The worker must worker. The worker or submit his or her his or her representative application in person must follow the visa at the Spanish application procedure in Embassy in his or her the Spanish Embassy in own country. L'empresa envia el resguard de sol·licitud al treballador. his or her own country. The employer must send the proof of application to the worker, Once the worker has obtained the visa, he or she must come into and both the employer and the worker must wait for the decision Spain and give the appropriate copy to the Immigration Bureau. regarding the work permit. If the decision is positive, RESIDENCE AND EMPLOYED THE WORKER IS HIRED. WORK PERMIT 34 Note: Temporarily, until May 2006, workers from countries which have recently joined the EU must obtain a permit to work and live in Spain.
    35. EMPLOYMENT 2.5 REGIME A very important part of Barcelona’s The employment relationship with the Below is a brief explanation of the assets is its people: very efficient and staff is governed by the employment characteristics of the employment highly qualified human resources who contract pursuant to the Workers’ contract, the different types of will ensure the smooth operation of Statute (Estatut dels Treballadors). contract and the advantages of which the business. employers may benefit depending on the type of contract entered into or the group for which it is intended: 2.5.1 THE EMPLOYMENT CONTRACT Persons of full legal age. Emancipated minors. WHO MAY ENTER Minors of between 16 and 18 years of age with parental INTO ONE? authorisation. Foreigners in accordance with the Immigration Law. An employment contract can be formalised orally except in those cases in which written formalisation is compulsory by law (training, apprenticeship, for a specific project or HOW IS IT service, for a specified duration of more than four weeks, FORMALISED? part time, permanent season contracts, hand-over contracts, contracts for workers hired in Spain to provide services to Spanish companies abroad). THE EMPLOYMENT CONTRACT (I) This is optional. If a trial period is agreed, it is governed by the applicable provisions of the Collective Bargaining Agreement. TRIAL In the absence of a Collective Bargaining Agreement, such a PERIOD contract may not exceed 6 months for qualified technicians or 2 for all other workers (3 months in the case of businesses with under 25 workers). This means that any party may voluntarily terminate the contract without notice and without alleging any grounds. The employment contract may be temporary or for an indefinite term. In principle, all contracts are full time and for an indefinite DURATION term, unless otherwise provided in the contract. A worker can only be hired on a temporary basis if one or more of the requirements envisaged in the applicable legislation are met. 35
    36. © Centre de Realitat Virtual. EMPLOYER To manage/organise the worker’s work. To apply a policy of health and safety at work. RIGHTS Other rights agreed in the contract. The employer has a right to the performance of the obligations agreed for the worker. To act in favour of the observance of workers’ rights. To register the contract at an employment office. To provide the workers' legal representatives with a basic OBLIGATIONS copy of the contract. 2. HOW TO START A BUSINESS IN BARCELONA To register the worker with the applicable Social Security regime. Other obligations agreed in the contract. THE EMPLOYMENT CONTRACT (II) THE WORKER Effective occupation during the working day. On-the-job training and promotion. Non-discrimination for accessing the workplace. RIGHTS Physical integrity and privacy. To receive the agreed remuneration and to do so on time. Other rights agreed in the contract. To perform his or her obligations in accordance with principles of diligence and good faith. To observe health and safety measures. To follow the employer’s orders and instructions. OBLIGATIONS To refrain from competing with the employer in the same activity. To contribute to improve productivity. Other obligations agreed in the contract 36
    37. 2.5.2 TYPES OF CONTRACT Catalan employees work under are a whole series of permanent or temporary contracts. This gives temporary contract possibilities employers greater flexibility. From the point of view of the duration allowing businesses to meet all their of the employment relationship, there personnel requirements. 25% of INDEFINITE TERM CONTRACTS MAIN Requirements and Characteristics Type of Contract Indefinite term employment contracts are mainly characterised by their unlimited duration. Ordinary full time contract for an The legal presumption that a contract is for an indefinite term applies when: indefinite term - The company does not register the worker with the applicable Social Security regime. - It is formalised in breach of the law in order to avoid hiring the worker for an indefinite term. A contract is presumed to be for an indefinite term unless otherwise stipulated in the contract itself. A part time contract is a contract agreed for a certain number of hours per day, week, month Ordinary part time contract for an or year which are less than the working hours of a comparable full time worker. indefinite term. A “comparable full time worker” is a full time worker in the same business or work place, with the same type of employment contract, and carrying out an identical or similar job. It is an indefinite term contract entered into for the carrying out of seasonal work on a Permanent employment contract for permanent basis, which does not repeat on specific dates within the employer’s normal seasonal work. volume of business. Permanent seasonal workers who repeat on specific dates are governed by the legislation regulating part time contracts for an indefinite term. It is an employment contract entered into with a disabled worker with specific characteristics (such as a minimum degree of disability of 33%). Indefinite term contract for disabled There is a €3,906.58 subsidy for each disabled worker with a full time employment contract. workers If the contract is for part time work, the subsidy will be reduced pro rata to the agreed working hours. There are also reductions in the employer’s Social Security payment for common contingencies. TEMPORARY CONTRACTS MAIN Requirements and Characteristics Type of Contract The aim of this contract is to acquire the theoretical and practical training necessary for the Training contract. proper performance of a trade or qualified job. Generally, such contracts may be given to workers of between 16 and 21 years of age who meet certain requirements. The contract must be sent in writing and last no more than between six months and two years (with a maximum of two six-month extensions). It is a training contract entered into with a worker who has a university degree or a medium Apprenticeship contract. or high level vocational training diploma, or a diploma officially recognised as being equivalent. This job should give the worker the skills required for professional practice and enable him or her to obtain professional practice appropriate to the studies taken. The contract must be executed in writing and last no more than between six months and two years (with a maximum of two six-month extensions). It is a contract to carry out works or services with their own autonomy and substance within Contract for a specific project or service the company’s business. In principle, although it will be limited in time, the duration of the performance is uncertain. It must be executed in writing, clearly specifying the work or service to be carried out. It can be for full or part time work. A maximum duration may be stipulated by Collective Bargaining Agreements. It is a contract entered into to meet market demands, clear a backlog of work, or meet an Temporary contract due to production excessive number of orders, even if it relates to the company’s usual business. It only has to circumstances. be executed in writing if its duration exceeds four weeks or if it is part time. In any case, it can be full or part time. The maximum duration of such contracts is six months in any 12- month period, to be reckoned from the moment on which the backlog or excessive number of orders begins. It is possible to stipulate otherwise by means of a collective bargaining agreement. It is a contract whose aim or cause is the replacement of a worker who is entitled to return to Substitution contract. that position, the filling of a post pending the arrival of a definitive worker during a recruitment or promotion process, or during maternity or parental leave, due to the existence of risk during pregnancy or temporary incapacity. This also includes the transition to a situation of professional disability. 37
    38. The main benefits are: health care, 2.5.3 CONTRACTS WITH 2.5.4 SOCIAL SECURITY temporary and permanent incapacity, SOCIAL SECURITY maternity, retirement, bereavement Through the Social Security system, ADVANTAGES benefits (for surviving children and the State guarantees the adequate spouses) and family benefits (for protection of the people included in As an incentive to hire people children under their charge, for its scope of application, as well as the belonging to certain groups who, due multiple births). relatives or assimilated workers in to their characteristics, find it difficult charge of these people, on to find a job, the Spanish legislation In the case of non-contribution-based occurrence of the contingencies and provides a series of advantages. or assistance benefits, the Social situations defined by the law. Security system guarantees minimum The main recruitment advantages or 2. HOW TO START A BUSINESS IN BARCELONA benefits for those people who do not In the case of contribution-based incentives are a reduction in the carry out a professional activity or who benefits (people carrying out a social security contributions which lack the necessary means, without professional activity), the employers must be paid by employers. These needing to have made contributions and/or workers themselves are under advantages basically consist of a first. an obligation to make Social Security reduction in the common contingency contributions in order to enjoy the payments payable by the employer by protection provided by the Social a specific percentage (between 25% Security system. and 100%) for a specified time period (not exceeding two years). CONTRIBUTION-BASED Employed or self-employed workers who have made Social Security contributions for the time required by law THE SPANISH SOCIAL SECURITY SYSTEM RECOGNISES A SERIES OF BENEFITS WHICH MAY BE EITHER: NON-CONTRIBUTION-BASED People who have NOT made Social Security contributions for the time required by the law. This type includes disability and retirement pensions. * The Social Security’s scope of coverage or protection makes a distinction between common contingencies (such as maternity) and professional risks or contingencies (such as professional illness or accidents at work). Common contingencies represent 38 a higher financial cost for employers.
    39. Social Security Contributions: with its own rules distinct from the the contribution base is between the regime governing employed workers following amounts: 610.80 €/month (RETA). and 2,897.70 €/month. The The contribution base is composed of contribution rate is 29.80%. If the the total remuneration received by the worker has not claimed temporary worker with a few qualifications (there The maximum contribution base for incapacity benefit, the contribution are maximum and minimum self-employed workers in 2006 was rate will be 26.50%. amounts). The amount of the €2,897.70 per month, and the contributions is calculated by minimum base was €785.70 per Employed Workers (General Regime): applying a contribution rate to the month. For workers aged 50 or over, In Spain, Social Security contributions base established by the government. the minimum base was €809.40 per are paid by both employers (30.60%) month and the maximum was and employees (6.35%). These Social Self-employed Workers (Special €1,509.90 per month (although the Security payments are divided into Regime for Self-employed Workers, legislation includes some special contributions for different items, such RETA): cases). However, in the case of as workers’ health care coverage and Self-employed workers are governed workers of 30 years or under and, in coverage for temporary incapacity for by a special Social Security regime some cases, women of 45 or more, work arising from common illness, non-work accidents, etc. EMPLOYED WORKERS Employer Worker Total Common contingency contribution rate (%) 30,60 6,35 36,95 2006 Contribution Bases maximum minimum * 2006 monthly contribution bases. €2.897,70 € 881,25 will in any event depend on the worker's professional category). *(this INCENTIVES, SUBSIDIES 2.6 AND FINANCING The investment incentives available in 2.6.1 INCENTIVES AND 2.6.2 FINANCIAL Barcelona will encourage you to take INSTRUMENTS SUBSIDIES advantage of the many benefits Barcelona can offer your company. In Financial support may be obtained by The CIDEM website contains a search order to provide the best possible means of various different facility for incentives and subsidies service to companies wishing to do instruments, which may take the form (FISUB). This includes all programmes, business in Catalonia, comprehensive of incentives and subsidies, and subsidies and financing offered by the studies of the technical financing from own or external Catalonian and Spanish Governments and characteristics of each investment resources, among others. These may the European Union. It has over 200 project are conducted and companies be provided by the Catalonian or records which are updated on a daily are informed of all the available Spanish Governments, the European basis. These incentives are intended for incentives offered by the European Union or privately. These incentives companies established in Catalonia, Union and by the local, Catalan and are intended for companies wishing to regardless of the nature of their business, Spanish administrations. set up in Catalonia, regardless of the and for our entrepreneurs. The database nature of their business. shows not only those incentives which are applicable at the time of the query, but also any which are offered on a regular basis 39 during the current year.
    40. Barcelona’s current financial - Invernova: a venture capital fund for - Corsabe: a venture capital company investing in innovative technology- which invests in emerging sector environment includes a great variety based businesses at the initial companies at the development of financial instruments aimed at development stages. stage. each specific need. The aim of this www.Invernova.org www.corsabe.es programme is to promote the start-up, 2. HOW TO START A BUSINESS IN BARCELONA growth and sustainability of innovative - BCNEmprèn: a venture capital - WebCapital: a venture capital companies and to help them access company which aims to encourage company which invests in the most appropriate financing for the creation of innovative and companies from the technology technology businesses through the their needs by generating and sector at their initial stages, use of investment financial disseminating good market practices. including both initial and start-up instruments and by giving strategic stages. Barcelona has a number of products support to these new initiatives. www.rivaygarcia.es/cas/capitaldes/ and services which provide financial www.bcnempren.com webcapital.htm support with its own equity: - Invertec: a company which aims to - Venturcap: a generalist venture invest in technology-based A) Capital Funds: capital company. companies during the very first + Information: (+34) 93 467 80 80 stages of development (initial - Catalana d'iniciatives: a venture phases). capital company which supports - Aurica XXI: a generalist venture www.cidem.com/cidem/cat/suport/ business growth projects, MBOs capital company. emprenedor/inversio/index.jsp and MBIs. www.bancosabadell.com/en/NUESTROS_NE www.cidem.com/cidem/cat/serveis/ GOCIOS/NEGOCIOS_SECTORIALES/CAPITAL_ - Finaves: a venture capital company financament/propis/fonscapi/iniciatives/ DESARROLLO/ which aims to support the launch index.jsp and start-up of innovative projects - Reus Capital de Negocis: a venture with growth potential, mainly - Invercat: a venture capital fund for capital company which buys shares promoted by former IESE masters the internationalisation of Catalonian in companies from the food and students. enterprise. agriculture, tourism, environmental, www.cidem.com/cidem/cat/suport/ IT and biotechnology sectors at the www.invercatexterior.com/invercat.htm financament/propis/fonsdecapital/finaves/ initial stages. index.js - Innocat: a venture capital fund for www.reuscn.com innovative Catalonian SMEs. - Innova31: a venture capital - Landon Investment: a venture capital www.cidem.com/cidem/cat/serveis/ company which invests in company which invests in financament/propis/fonscapi/innocat/ technology companies at the initial companies of any sector. index.jsp development stages. 40 + Information: (+34) 93 240 52 00 www.innova31.com
    41. Industrial Technology Development, - BanSabadell Inversió Desenvolupa- - Instituto de Crédito Oficial (Official CDTI): a body which, among other ment: a company specialising in Credit Institute, ICO): a public entity temporary investment in companies whose mission is to provide things, offers loans to innovative with expansion projects. financing for the private sector by businesses at the initial stage. means of loans with prime terms www.bancosabadell.com www.cdti.es and conditions. - Litexco: a company which invests in www.ico.es There is a broad range of possibilities development businesses of any for finding financing for your project. sector at the initial stages. - Empresa Nacional de Inovación The exact tools required to carry out www.litexco.com (ENISA): a company which funds your activity, together with complete business expansion projects by - Gestora Finances per a Emprenedors and up-to-date expert information on means of participating loans. (La Caixa): an initiative from La each of these financial products, are www.enisa.es Caixa bank to promote and invest, put at your disposal to enable you to through a participating loan of - Centro para el Desarrollo Tecno- choose the right source of financing at between €100,000 and €200,000, lógico Industrial (Centre for any given time. in new or recently created enterprise projects. http://portal1.lacaixa.es/Channel/Ch_Redire INCENTIVES FOR INVESTMENT ct_Tx?dest=1-13-10-00000002 Incentives for investment in mining areas. B) Inversors Privats: Incentives for investment in reindustrialisation actions. CIDEM has a network of private Support Programme for Job Creation through the Incorporation of New Activities (“Creació d’ocupació mitjançant la incorporació de Noves Activitats”)”. investors to encourage the creation and development of innovative RDI (Research, Development and Technological Innovation) INCENTIVES: businesses with a high growth 1. Ministry of Employment and Industry (Departament de Treball i Indústria). Catalonian potential in Catalonia which are willing Government (Generalitat de Catalunya). to fund new businesses or businesses There are different programmes according to the type of R&D project: R&D in strategic sectors: at the initial stages, and to advise and pharmaceutical (including fine chemistry), aerospace, food and agriculture and machinery for work with them. renewable energies. R&D in sectors affected by international competition (priority is given to the car and motorbike, C) Public Financing Entities: textile and clothing, and consumer electronics industries). Technology R&D platforms. - Capital Concepte: by supporting the technology springboards of Outsourcing of RDI projects to local R&D centres. Catalonian universities, Invertec can 2. PROFIT: R&D projects (Department of Industry, Tourism and Commerce; Department of provide up to €100,000 in the form Education and Science). of participating loans with prime interest rates and repayment terms. 3. CDTI: financing for R&D projects. www.cidem.com/cidem/cat/suport/emprene 4. CIDEM incentives for the certification of projects as RDI activities (with regard to corporate dor/inversio/index.jsp income tax allowances for RDI projects). - Institut Català de Finances (Catalan 5. Tax allowances for RDI activities. These allowances are applied to corporate income tax (IS). Institute of Finance, ICF): a public entity whose mission is to provide 6. Torres Quevedo: recruitment of doctors and technologists - Department of Education and Science. financing to the private sector by means of participating loans and INCENTIVES FOR EDUCATION: credits (external resources). Ministry of Employment and Industry: subsidies to companies for professional training activities www.icfinances.com/home/c_home.as with an obligation to hire. These are aimed at unemployed workers. Ministry of Employment and Industry: a programme to support the training of unemployed people. - Avalis de Catalunya: a reciprocal guarantee company whose aim is to OTHER INCENTIVES give financial and technical A programme to support the setting up of company head offices in Catalonia related to decision guarantees to small and medium- centres or centres of excellence at the supraregional level. sized companies, self-employed and Incentives to hire people belonging to certain groups. professionals. 41 www.avalis-sgr.com Foundation for continuing education.
    42. 3. USEFFUL ADDRESSES
    43. BY 3.1 TOPIC Public Administration (general) Barcelona Economic and Social Tourism - Barcelona City Council07 Agents and Institutions - Barcelona Trade Fair17 - Barcelona City Council – Economic - Barcelona Tourism Board16 15 - Barcelona Stock Exchange Promotion Sector06 - Catalonia Tourism Board21 - Cercle d’Economia24 - Catalonian Investment Agency22 - General Direction of Trade and - Centre for Innovation and Business University / Scientific Investment30 Development (CIDEM)23 - Property Management and Tax - Barcelona University Centre Cooperation55 (BCU)18 Airports / Ports / Logistics - Territorial Direction of Trade of Barcelona Airport 05 - Spanish National Research Council - Catalonia56 (CSIC)53 Barcelona Port Authority12 - - Barcelona Promoció Foundation13 Barcelona Logistics Centre10 - Ministry of Universities, Research - - Airport Management and and the Information Society - Integrated Centre for Logistics Promotion02 (DURSI)40 Activities and Goods (CIMALSA)34 - Mercabarna36 - CIDOB Foundation25 Zona Franca Consortium60 - - Patronat Català Pro-Europa49 Zona Franca Logistics Park61 - Network of Science and Technology - - Strategic Metropolitan Plan of Parks of Catalonia (XPCAT)42 Logistics Activity Area35 - Barcelona54 - Pacte Industrial de la Regió - Casa Àsia20 City Planning – Real Estate Metropolitana de Barcelona48 - Sistema d’informació Metropolità - Barcelona Regional14 Institutions and Services d’Activitat Econòmica (SIMAE)51 - The Property Registry58 Supporting Enterprise - 22@bcn Society01 Trade Associations and Official - Barcelona Activa03 Professional Associations - Official Chamber of Commerce, Chambers of commerce and Industry and Navigation of Barcelona Medical Centre11 - foreign offices for commercial Barcelona46 Barcelona Design Centre08 - affairs - Consortium for the Commercial Barcelona Digital Foundation09 - - Chambers of Commerce62 Promotion of Catalonia (COPCA)26 - Foundation for the Development of - Offices for Commercial Affairs63 - Foment de Treball28 the Mediterranean Diet30 - Pimec50 Environmental Forum Foundation27 - - Official Register – Unified - Barcelona Aeronautics and Space Management Offices47 Association04 - Mercantil Register37 - Official Association of Economists of Catalonia43 Labour - Official Association of Industrial Engineers44 - Workers’ Trade Union of Catalonia - Official Association of Notaries (CCOO)59 Public of Catalonia45 - Labour Inspectorate34 - Immigration Bureau32 - Ministry of the Environment and Tax Housing39 - Tax Agency55 - Social Security Treasury52 The numbering corresponds to the position in - Ministry of Economy and Finance38 - General Workers’ Union (UGT)31 the alphabetical classification on page 44 and following pages - Cadastral Management and Tax Cooperation19 43 - Municipal Institute of the Treasury41
    44. IN ALPHABETICAL 3.2 ORDER 3.2.1 INSTITUTIONAL - Barcelona Aeronautics and Space - Barcelona Logistics Centre (Barcelona ECONOMIC AGENTS Association (Barcelona Aeronàutica i Centre Logístic - BCL): an organisation OF THE BARCELONA de l’Espai - BAIE): an association which tries to boost the Barcelona AREA which promotes space and area logistics community, coordinate it aeronautics activities in the Barcelona and provide it with services and 04 area and Catalonia. infrastructure to consolidate its - 22@bcn Society (Societat 22@bcn): a position in the Euromediterranean www.bcnaerospace.org body with legal personality which area.10 brings together the appropriate - Barcelona Airport (Aeroport de www.bcncl.es instruments and competences to Barcelona): this is the second largest manage the transformation process of airport in Spain in terms of number of - Barcelona Medical Centre (Barcelona the activity district 22@ with the passengers, and the air hub which best Centre Mèdic - BCM): an association development and execution of all 05 connects the Mediterranean area. which provides infor-mation regarding kinds of city planning actions in the city’s health services and facilitates www.aena.es/barcelona Barcelona city’s industrial and access to Barcelona’s traditionally production areas classified as forming - Barcelona City Council – Economic internationally renowned hospitals, part of 22@, and therefore linked Promotion Sector (Ajuntament de clinics and health care units, together in terms of planning, 06 coordinating the available services.11 Barcelona - Promoció Econòmica) management, projection and execution.01 www.bcn.es/barcelonanegocis www.bcm.es www.bcn.es/22@bcn - Barcelona City Council (Ajuntament de - Barcelona Port Authority (Autoritat 07 Barcelona) Portuària de Barcelona): this sets the - Airport Management and Promotion guidelines for Barcelona Logistics www.bcn.es (Gestió i Promoció Aeroportuària - Activity Area (ZAL) and its future GPA): its aim is to promote airport- expansion.12 - Barcelona Design Centre (Barcelona related activities and take part in the Centre de Disseny - BCD): a foundation www.apb.es management and promotion of which promotes design in the business infrastructures, to offer services for context as a key factor for innovation - Barcelona Promoció Foundation aviation and air transport and to 3. USEFFUL ADDRESSES 08 and competitiveness. (Fundació Barcelona Promoció): a contribute to the development of the 02 private foundation for culture, www.bcn.es industry related to this sector. promoted by Barcelona Chamber of www.gpa-aero.com - Barcelona Digital Foundation (Fundació Commerce, with the goal of promoting the city of Barcelona.13 Barcelona Digital): a foundation which - Barcelona Activa: this is Barcelona City promotes and encourages Barcelona www.barcelonapromocio.org Council’s local development agency, and Catalonia as a strategic centre for specialising in supporting the creation creating and starting up innovative - Barcelona Regional: an agency which of businesses and promoting the projects, businesses and companies in analyses and makes technical entrepreneurial spirit, job creation and 03 the new technologies and advanced proposals for reflection in the city business cooperation. services.09 planning development and in- www.barcelonactiva.es www.bcndigital.org 44
    45. frastructure fields in Barcelona - Catalonia Tourism Board (Turisme de - Environmental Forum Foundation 14 metropolitan area. Catalunya): a body which promotes (Fundació Fòrum Ambiental): this tourism activities in Catalonia.21 brings together the companies in the www.bcnregional.com Catalonian environmental sector.27 www.catalunyaturisme.com - Barcelona Stock Exchange (Borsa de www.forumambiental.org 15 Barcelona) - Catalonian Investment Agency (Agència Catalana d’Inversions) -CIDEM: an - Foment de Treball: the Catalonia www.borsabcn.es organisation belonging to the Catalan business confederation, which - Barcelona Tourism Board (Turisme de Government’s Ministry of Employment supports business activities and takes Barcelona): consortium for the and Industry whose main aim is to active part in Catalonia’s economic and business sphere.28 promotion of tourism, divided and boost production business investment in Catalonia.22 customised, of the world’s most www.foment.com appealing markets. It includes a unit www.catalonia.com specialising in promoting conferences - Foundation for the Development of the and conventions: Barcelona - Centre for Innovation and Business Mediterranean Diet (Fundació per al 16 Convention Bureau. Development (Centre d’Innovació i Desenvolupament de la Dieta Desenvolupament Empresarial - Mediterrànea): an organisation www.barcelonaturisme.com CIDEM): an organisation belonging to working to ensure a better knowledge - Barcelona Trade Fair (Fira de the Catalan Government’s Ministry of and appreciation of Mediterranean Barcelona): it organises industrial and Employment and Industry, a service products and lifestyle in every corner of the planet.29 professional events. It is one of the which supports Catalonia’s business network.23 sector’s top four institutions in Europe www.dietamediterranea.com 17 in terms of number of events. www.cidem.com - General Direction of Trade and www.firabcn.es - Cercle d’Economia: an institution Investment (Direcció General de - Barcelona University Centre founded in Barcelona to bring Spanish Comerç i Inversions): the body in social and economic life up to date.24 (Barcelona Centre Universitary - BCU): charge of the registration process for foreign investment in Catalonia.30 an organisation which promotes the www.circuloeconomia.com city as a university destination and www.mcx.es/polco/default.htm provides information and services to - CIDOB Foundation (Fundació CIDOB): a foreign students.18 centre for research, teaching, - General Workers’ Union (Unió General documentation and dissemination of de Treballadors - UGT): a nationwide www.bcu.cesca.es international relations and trade union which is a founding 25 - Cadastral Management and Tax development, based in Barcelona. member of the International Cooperation (Gestió Cadastral i Confederation of Free Trade Unions www.cidob.org Cooperació Tributària) 19 and the European Confederation of - Consortium for the Commercial Trade Unions. It is defined as a www.catastro.meh.es Promotion of Catalonia (Consorci de working class trade union, with a - Casa Àsia: this is the Spanish doorway Promoció Comercial de Catalunya - socialist orientation, for the 31 to Asia and the Pacific region, and is COPCA): a body aiming to support the transformation of society. based in Barcelona. This public internationalisation of Catalonian www.ugt.es 26 institution aims to contribute to a better businesses. mutual acquaintance and to facilitate - Immigration Bureau (Officina www.copca.com the exchange of culture, ideas and d’estrangers): this bureau is the main 20 projects of mutual interest. point of reference for information about www.casaasia.org 45
    46. the phenomenon of migration. - Ministry of the Environment and offering services to economists as a group.43 Comprehensive up-to-date information Housing (Departament de Medi can be obtained here. In addition, work Ambient i Habitatge): the authority www.coleconomistes.com applications and residence permits are with competence in environmental 32 action matters.39 processed here. - Official Association of Industrial www.infoext@oue.barcelona.map.es http://mediambient.gencat.net Engineers (Col·legi d’Enginyers www.mir.es Industrials): a professional body - Ministry of Univerities, Research and offering services to engineers as a - Integrated Centre for Logistics group.44 the Information Society (Departament Activities and Goods (Centre Integral de d'Universitats, Recerca i Societat de la www.eic.es Mercaderies i Activitats Logístiques - Informació - DURSI): a department of CIMALSA): a public company the Catalonian Government with - Official Association of Notaries Public belonging to the Catalonian information regarding university and of Catalonia (Col·legi de Notaris de Government which plans, manages research centres, data regarding the Catalunya) 45 and administers infrastructure and 40 information society, etc. www.colnotcat.es equipment relating to transport and www.gencat.net/dursi communications.33 - Official Chamber of Commerce, www.cimalsa.es - Municipal Institute of the Treasury Industry and Navigation of Barcelona (Institut Municipal d’Hisenda): its aim (Cambra Oficial de Comerç, Indústria i - Labour Inspectorate (Inspecció de is to manage, collect and inspect 34 Navegació de Barcelona): an Treball) taxes, prices to the public, fines and independent body which defends the www.gencat.net/treballiindustria other public law income for the City interests of businesses and - Logistics Activity Area (Zona Council, its independent bodies and entrepreneurs in the Barcelona area in other public entities.41 d’Activitats Logístiques - ZAL): a body relation to their commercial and which manages services and facilities www.bcn.es/hisenda professional relationship.46 for multimodal logistics activities in www.cambrabcn.es Barcelona.35 - Network of Science and Technology Parks of Catalonia (Xarxa de Parcs www.zal.es. - Official Register – Unified Management Científics de Catalunya - XPCAT): this Offices (Registre Industrial - Oficines - Mercabarna: the largest food and groups together ten large production, de Gestió Unificada): it manages, in agriculture centre in southern Europe, transfer, dissemination and use of a unified manner, the steps under supplying over 10 million people.36 knowledge spaces, and acts as a point the Catalonian Government’s www.mercabarna.es of contact in the research and competence which must be taken to 3. USEFFUL ADDRESSES innovation community. It comprises start up an industrial activity.47 - Mercatile Register (Registre university research centres and Mercantil): the body in charge of www.ogu.es groups, and research institutes and registering public documents and businesses, and creates new conferring on new businesses full legal - Pacte Industrial de la Regió knowledge-based businesses with the 37 capacity to act. Metropolitana de Barcelona: this is a aim of creating added value in their www.rmc.es regional association, formed by local activities.42 administrations, trade unions and - Ministry of Economy and Finance www.xpcat.net/ business associations, and a broad (Departament d'Economia i Finances): range of bodies and organisations the body in charge of collecting the - Official Association of Economists of linked to economic development various taxes.38 Catalonia (Col·legi Oficial d’Economistes and the promotion of employment.48 de Catalunya): a professional body www.e-tributs.net www.pacteind.org 46
    47. - Patronat Català Pro-Europa: a public - Strategic Metropolitan Plan of - Worker’s Trade Union of Catalonia consortium created in 1982 to Barcelona (Pla estratègic metropolità (Comissió Obrera Nacional de disseminate the information de Barcelona): a body which groups Catalunya - CCOO): federació territorial generated by the EU institutions to together the initiative and involvement del sindicat Comisiones Obreras, increase awareness of the EU’s of society to face the challenges posed d'àmbit estatal, que es defineix com 49 policies and actions in Catalonia. by the Barcelona of the future, from sindicat reivindicatiu, de classe i unitari both the scientific (headed by the per a la defensa dels drets dels www.infoeuropa.org treballadors i treballadores.59 university) and the economic (with - Pimec: an employers’ association business, institution and trade union www.ccoo.es 54 targeted at small and medium-sized representatives) worlds. businesses to defend their interests - Zona Franca Consortium (Consorci de la www.bcn2000.es and particularly to help them adapt Zona Franca de Barcelona): a body to the changing economic reality - Tax Agency ( Agència Tributària): the which develops strategic city projects 50 around them. public body in charge of managing the in the real property and logistics fields State and customs tax system as well and promotes economic activities www.pimec.es as the resources of other Spanish or associated with the new information technologie.60 - Sistema d’informació Metropolità European Union public institutions and administrations.55 d’Activitat Econòmica (SIMAE): an www.elconsorci.net interactive consultation system www.aeat.es whose aims are to bring together - Zona Franca Logistics Park (Parc training and production systems and - Territorial Direction of Trade of Logístic de la Zona Franca): a company the different agents in the region in Catalonia (Direcció Territorial de offering national and international the context of economic activity and Comerç de Catalunya): this office, businesses a unique opportunity, innovation in the whole of the belonging to the Ministry of Industry, which will not be repeated, to set up 51 Barcelona metropolitan area. Tourism and Commerce, provides both their logistics activities and their information regarding external company headquarters in Barcelona. www.mcrit.com/simae markets, formalities and data on This is consolidated as the main logistics centre in southern Europe.61 - Social Security Treasury (Tesoreria exports, imports and commerce in de la Seguretat Social): a body Catalonia. It is associated with the www.parclogistic.es where businesses can register their Spanish Institute of Commerce Abroad (ICEX).56 workers. It is also in charge of collecting Social Security www.mcx.es/barcelona 52 contributions. - Territorial Services of the Ministry of www.seg-social.es Employment and Industry of the - Spanish National Research Council Government of Catalonia (Serveis (Consejo Superior de Investigaciones Territorials del Departament de 57 Científicas - CSIC): this is the largest Treball) public research body in Spain. It www.gencat.net/treballiindustria encom-passes all fields of knowledge, from basic research to - The Property Registry (Registre de la the most advanced technological Propietat Immobiliària): A record giving developments.53 notice of ownership of real property to third parties.58 www.csic.es www.registradores.org 47
    48. 3.2.2 CHAMBERS OF COMMERCE AND FOREIGN OFFICES FOR COMMERCIAL AFFAIRS IN BARCELONA - Spanish Swedish Chamber of 62 CHAMBERS OF COMMERCE Commerce: (+34) 93 488 05 03 - American Chamber of Commerce in - Languedoc-Roussillon Chamber of Spain: (+34) 93 415 99 63 Commerce: (+34) 93 412 14 90 - American Consulate General: (+34) 93 280 22 77 OFFICES FOR COMMERCIAL AFFAIRS 63 - German Chamber of Commerce in Barcelona: (+34) 93 415 54 44 - Danish Trade Commission: (+34) 93 487 54 86 - Belgium and Luxembourg Chamber of Commerce: - Québec Government in Barcelona: (+34) 93 237 94 64 (+34) 93 481 31 88 - British Chamber of Commerce in - Italian Institute for Foreign Trade: Spain: (+34) 93 317 32 20 (+34) 93 415 38 38 - Chilean Chamber of Commerce: - Argentinean Office for Commercial (+34) 93 310 15 85 Affairs: (+34) 93 302 22 16 - Mexican Chamber of Commerce: - Austrian Office for Commercial (+34) 93 215 45 60 Affairs: (+34) 93 292 23 78 - UK Chamber of Commerce: - Belgian Office for Commercial (+34) 93 317 32 20 Affairs: (+34) 93 487 81 40 - French Chamber of Commerce and - Hong Kong Office for Commercial Industry: (+34) 93 270 24 50 Affairs: (+34) 93 236 09 30 - Italian Chamber of Commerce and - Swiss Office for Commercial Affairs: Industry: (+34) 93 318 49 99 (+34) 93 330 92 11 - Spanish Russian Chamber of - Toulouse Office for Commercial Commerce: (+34) 93 218 72 95 Affairs: (+34) 93 201 23 31 - Spanish Indian Chamber of - UK Office for Commercial Affairs: Commerce: (+34) 93 318 84 41 (+34) 93 366 62 00 - Spanish Israelian Chamber of - Portugal Tourism Board – Commerce: (+34) 93 321 94 49 Investments, foreign trade: (+34) 93 301 44 16 - Spanish Norwegian Chamber of Commerce: (+34) 93 414 40 41 48
    49. ENT NVESTMhe City DI A, A GOiOg Business in t ON BARCELal Guide to do n c A practi FOR MORE DETAILED INFORMATION ON EACH OF THE ABOVE SECTIONS, PLEASE CONTACT THE FOLLOWING OFFICES: Ajuntament de Barcelona www.bcn.es Sector de Promoció Econòmica (Economic Promotion Sector) Avinyó 7, 1r 08002 Barcelona, Spain Tel. +34 934 027 478 Fax. +34 934 027 597 www.bcn.es/barcelonanegocis TOKYO NEW YORK BARCELONA MADRID CIDEM Shuwa Kilicho TBR Building 1118 445 Park Avenue, 14th floor Passeig de Gràcia 129 Montalbán 9, 2º dcha. Passeig de Gràcia, 129 5-7 Kojimachi, Chiyoda-Ku 10022 New York, USA 08008 Barcelona, Spain 28014 Madrid, Spain 08008 Barcelona, Spain 102-0083 Tokio Tel: 1 212 775 8830 Tel: +34 934 767 291 Tel: +34 915 241 000 Tel. +34 934 767 200 Tel: 81 3 3222 1571 Fax: 1 212 755 8837 Fax: +34 934 767 303 Fax: +34 915 241 001 Fax: 81 3 32222 1573 cidem@catalonia.com catalonia@cidem.gencat.net creyes@cidem.gencat.net www.cidem.com www.catalonia.com info@cidemtokyo.com www.spain-japan.com/2/cidem

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    A practical Guide to doing Business in the City

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