For some years now, we have witnessed how Malaga has experienced a more than considerable increase in foreign investment, largely due to the search for the great potential offered by the province, whether from a business, private or tourism point of view.
Thus, in 2021, Malaga was consolidated as the largest pole of attraction for foreign investment in Andalusia, reaching 348 million euros and representing 32.47% more than in 2020, according to data published in La Opinión de Málaga.
In recent months, in addition to the English, Swedish or German presence (nationalities already consolidated in the province) Malaga is registering an increase in North American presence, who come to the province with a clear intention to invest and contribute to the economic development of the city through the establishment of their businesses and seeking the synergy offered by the city from all areas.
This was confirmed by Malaga’s own business climate barometer, which states that the United States is one of the main countries investing in the province of Malaga, with the technology sector being one of the most in demand. The US investment represents a clear upward trend in recent years, if we take into account that in 2018 the gross investment was 57 million euros, while in 2021 it was 162 million euros. Furthermore, it goes without saying that Spain is the third destination where foreign startups decide to invest and settle, only behind the US and the UK, and where there is a clear upward trend for the future.
At MDG Advisors we have focused for the last thirteen years on international tax advice, providing services to companies and individuals who wish to establish their business network on the Costa del Sol. That is why, in recent months, our clientele has been registering an increase in the number of North American clients.
If you would like to receive information on how to establish your business on the Costa del Sol from North America, please do not hesitate to contact our team to resolve all your doubts and receive appropriate advice on tax compliance.