We’ll send you a link to a feedback form. Corporate income tax in Spain is 30%. Spain hosts the second largest number of British schools outside the UK in the world. Spain’s food and drink sector has grown since the beginning of the economic crisis. Spain was the UK’s tenth largest export market (ninth for goods) in 2013, receiving £13.5 billion of UK exports. Don’t include personal or financial information like your National Insurance number or credit card details. Among key trade partners, imports dropped from the Euro Area (-7.1 percent), the UK (-29.8 percent) and the US (-13.8 percent). Our website makes it possible to view other available documents related to SPAIN TRADE (UK) LIMITED. In Europe 28th June 2016. Department for International Trade withdrew this publication because it was out of date. This publication is available at https://www.gov.uk/government/publications/exporting-to-spain/doing-business-in-spain-spain-trade-and-export-guide. Much of the text of a possible trade deal is said to be ready, but Britain has rejected Brussels' insistence on a mechanism to allow it to retaliate if UK and EU law diverge in a way that puts continental firms at a competitive disadvantage. However, there are some exceptions depending on the size and nature of the investment. Learn about changes for UK exporters to Spain if the UK leaves the EU without a deal. Spain, Email Investments must be registered with the Directorate General of Trade Policy and Foreign Investments. The Impact Of Brexit On The Spanish Economy. UK goods exports grew 3.5% ye… UK language schools, boarding schools and other study centres generally work through Spanish study abroad agents, the most reliable of which are members of www.aseproce.es . Read more about corporate tax in Spain at Confédération Fiscale Européenne (CFE). To help us improve GOV.UK, we’d like to know more about your visit today. Spain, Email source: Ministerio de Industria, Comercio y Turismo . The market for British education and related products is huge in Spain. However, there are challenges which include: Spain’s Gross Domestic Product (GDP) grew 1.4% in 2014. As a result there are opportunities for products and services involving: Catalonia is a major centre in southern Europe for R&D activities. The top imports of Spain are Crude Petroleum ($28.2B), Cars ($22.6B), Vehicle Parts ($14B), Packaged Medicaments ($10.1B), and Petroleum Gas ($9.17B). Spain-UK relationship in particular features a highly integrated market, with benefits from trade widely spread among the entire population. You’ve accepted all cookies. Spanish intellectual property laws are harmonized with those of the other EU member states and Spain has ratified the main international treaties in this field. Hugh Morris reports that arrangements with the UK’s European neighbours could see hundreds of thousands of British travellers shipped to destinations including France, Spain … Spain is one of the 10 top sending countries and demand is growing. Download the data. Spanish and UK citizens have taken advantage of the four freedoms that are basic to the Single Market: free movement of goods, services, people and capital. Over 9,000 Spaniards chose higher education in the UK in 2014. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. Department for International Trade (DIT) provides free international export sales leads from its worldwide network. We use this information to make the website work as well as possible and improve government services. Agriculture remains important to the Spanish economy making up 15.5% of total exports. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. If you’re travelling to Spain for business, check the Foreign and Commonwealth Office (FCO) travel advice page beforehand. Contact UK Export Finance (UKEF) about trade finance and insurance cover for UK companies. All products and services which are successful in UK schools potentially could do well in Spain’s international schools sector. Spain’s foreign minister has welcomed post-Brexit talks with the UK as an “incredible opportunity” for the countries to address the status of Gibraltar after centuries of dispute. The Kingdom of Spain shipped $333.6 billion worth of goods around the globe in 2019. It’s the second source of power generation meeting 20.3% of demand after nuclear (22%). UK economic growth exceeds forecasts: According to the Office for National Statistics (ONS), in the last three months of 2017 the UK economy expanded by 0.5 per cent. Spain follows ‘first-to-file’ system whereby the first person to apply for registration will have priority rights. Reality Check verdict: Spain sells more goods and services to the UK than it buys from the UK. Spain and the UK are major trading partners. EUR 69 billion was invested in Spain in 2013, following an outflow of EUR 193 billion in 2012. Spain’s exported goods totaled $189.4 billion during the first 8 months of 2020. The Olive Press is the English language newspaper for Spain. Local representatives can provide either national or regional coverage. Between 4,553 and 6,473 MW of new wind energy capacity need to be installed for Spain to reach its 2020 renewable energy target. 08036 Barcelona Search for export opportunities. ditmadrid@fcdo.gov.uk, British Consulate General Healthcare is devolved to the regions so care and access to drugs can vary from region to region. Don’t worry we won’t send you spam or share your email address with anyone. Contact the Department for International Trade (DIT) team in Spain for more information and advice on opportunities for doing business in Spain. Paseo de la Castellana, 259-D Torre Espacio UK Exports by distance from UK, 2016 . Discover investment opportunities and learn how your business can expand to the UK on great.gov.uk. DITBarcelona@fcdo.gov.uk, British Consulate Spain claimed ownership based on a papal decree of 1493 that Spain said gave it control of the entire Pacific Ocean. maria.fitzpatrick@fcdo.gov.uk. The rates can be less for enterprises of reduced size. That dollar amount reflects a 20% gain since 2015 and a 1.6% uptick from 2018 to 2019. You only need to complete certain minor bank formalities for statistical information. You can also check the current UKEF cover position for Spain. Bilateral trade in goods is wide-ranging, but leading sectors are 1. automotive and auto parts 2. aircraft and associated equipment 3. medical and pharmaceutical products 4. inorganic chemicals 5. alcoholic beverages 6. vegetables and fruit Spain’s share of UK exports (2.6%) is higher than India’s and Brazil’s combined. The Spanish market is open to overseas companies and there are no specific restrictions. Benefits for UK businesses exporting to Spain include: Read the EU’s practical guide to doing business in Europe. Spain's trade deficit narrowed sharply to EUR 1.48 billion in September 2020 from EUR 4.26 billion in the same month of the previous year. SPAIN’S huge fruit and veg industry will be blighted if Madrid forces a No Deal with nonsense claims on Gibraltar. There are about 750 public hospitals, 300 private hospitals and 7 million private health policy owners in Spain. DIT provides trade and investment services and practical support. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. Spain travel advice: latest FCO guidance on flights, holidays and lockdowns - and quarantine rules for visitors returning to the UK By Alex Nelson Friday, 13th November 2020, 2:35 pm Spain services export is 155,387,752,740 in BoP, current US$ and services import is 82,454,857,706 in Bop, current US$.Spain exports of goods and services as percentage of GDP is 35.12% and imports of goods and services as percentage of GDP is 32.40%. Spain is the fifth largest economy in the European Union (EU) and now one of the fastest growing in the eurozone. Embed code. Spain seized small British commercial ships engaged in the fur trade in an area on the Pacific on an area on the Pacific Coast. There is generally no requirement for prior approval of investments from EU companies in Spain. We use cookies to collect information about how you use GOV.UK. Spain is investing in its Research and Development (R&D) capabilities and aims to spend 2% of GDP on research by 2020. Impact UK exports official documents submitted by the company at companies House our spain trade with uk for more information advice... Ninth for goods ) in 2013, receiving £13.5 billion of UK exports and imports to IWSR! And improve government services markets in the energy sector read the EU ’ s Rough Guide opportunities learn... Make the website work as well as possible and improve government services supply wide. Relationship in particular features a highly integrated market, with benefits from trade widely among... 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