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17/08/2022

Galicia, land of opportunities

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We are going through the best export cycle in our history with more than 25 billion euros in 2021 and a surplus of more than 5 billion euros.

Natural resources, sea, mountains, flair, warmth, action, tranquillity, quality, technology, expertise, talent, innovation, competitiveness, opportunity and confidence. All these characteristics make Galicia an ideal setting in which to invest.

Quality of life, the best welcome and an environment where knowledge, technology and talent go hand in hand towards competitiveness and growth.

As a result, Galicia is a land of opportunities, the smart choice for doing business. It is the Galicia of the 21st century, the Galicia of today.

The region has experienced the best export cycle in its history with more than 25,000 million euros in 2021 and a surplus of more than 5,000 million euros, giving it the best trade balance in Spain.

Galicia is the gateway to Europe, the closest point to the Latin American market, is connected to the European Atlantic corridor and is a direct link to the rest of both the Spanish and Portuguese markets.

Its complete infrastructure network (three international airports, five major ports, two external ports, 17,641 km of roads, 460 km of high-speed rail and AVE high-speed train to Madrid), all make it the logistics platform of southern Europe with customs duty exemptions for foreign goods in the only free trade zone in north-west Spain.

The Camino de Santiago, a World Heritage Site, its natural wealth, 46% of land having a high ecological value, and its 1,500 kilometres of coastline make Galicia a tourist power that will receive an additional boost in the next two years with the celebration of Xacobeo 2021-2022.

It is also a region that is committed to becoming more competitive through the sustainable management of its own unique resources, such as fisheries and forestry.

Galicia is an innovative ecosystem. The commitment to talent starts at the earliest ages (3 universities and 2 international excellence campuses) and is materialised in a qualified and diversified workforce with more than 11,000 people dedicated to R&D&I.

Galicia offers one of the best offers in the EU for financial support with significant tax benefits, loans for investments and working capital.

Companies that decide to set up on Galician soil have a specific regulatory framework, the Law on Administrative Simplification and Support for Economic Reactivation, and a unit responsible for managing the instruments provided for in this Law to facilitate the setting up of business initiatives, the Doing Business Office.

In addition to the availability of industrial land at very competitive prices, with more than 100 industrial estates in operation, there are incentives for indefinite contracts and a scenario of economic stability, as well as the capacity to manage European funds.

The Community is also committed to the industry-sustainability binomial, a future marked by energy efficiency, the development of renewable energy, environmental protection and a greener economy.

The Next Generation European funds represent new opportunities for the transformation of the productive fabric, which is committed to a greener, more innovative and more inclusive Galicia.

Hand in hand with the investor

In addition to relevant investment opportunities through public procurement of innovation, Galicia has infrastructures and an innovative ecosystem that allows it to advance in an economic model based on knowledge and digitisation.

The consolidation of the business fabric by attracting new investment is a priority objective, which is why Galicia supports the creation of new companies, helps with investment, training and recruitment and offers individualised attention and monitoring to companies with new projects.

From here, access to the global market is guaranteed. Galicia is growing by looking outwards and internationalisation is one of this economy's keys to growth.

Foreign companies have chosen Galicia, joining large Galician firms of international reference in sectors such as food, textiles, automotive, forestry, shipbuilding, ICT, biotechnology and aerospace.

Together they make Galicia the best place to invest.

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