Spain stands out as one of the key countries for foreign direct investment worldwide. Due to its strategic historical position and the most recent trends, the advantages it offers as a recipient or channelling country for foreign investment are extensive.

Foreign investment flows in Spain have grown in the last 10 years by more than 50% and have been clearly led by the real estate and infrastructure sectors dedicated to energy supply, construction, manufacturing and finance.

In addition to the attractiveness of the different sectors and markets, Spain stands out as a platform for Latin America and as a specialized investment hub for Africa and the Middle East. Since 2005, direct investment in the Caribbean and Latin America has become increasingly consistent from Spain.

Like other EU countries, Spain has implemented a series of incentives that complement local development plans. The international investor also considers the feasibility of qualification for this type of public aid. This is the case of: (i) The European Investment Bank, which supports development projects in less favoured regions and those of common interest to several Member States or that benefit the EU. The EIB offers loans to customers of all kinds to support growth and employment, and this support often helps to attract other investors, as well as technical assistance. The EIB offers credits of over EUR 25 million directly. (ii) European Investment Fund, which aims to support small and medium-sized enterprises (SMEs) in Europe by helping them access finance. It does this by designing innovative financial products for our partners (banks, guarantee, leasing and microfinance institutions, private equity, and venture capital funds, among others).

With our team specialized in foreign investment, we provide our clients with quality legal advice that allows them to select, structure and execute their foreign investment projects, using the advantages that Spain offers as a recipient and channelling country for investments around the world. 


In 2021, foreign direct investment flows grew by 17.7% compared to 2020 and were clearly led by those made in the infrastructure sectors dedicated to energy supply, construction, energy, manufacturing and finance.
Gross investment flows channeled through companies under the ETVE regime amounted to EUR 2,265 million. The gross investment flow channeled through companies not under the ETVE regime was 28,785 million euros.


Regarding Portugal, foreign direct investment in 2021 was 8.02 billion euros, an increase of 3.4% compared to the previous year, but without recovering the pre-pandemic figures.  The leading sector in terms of incoming foreign investment is the export-oriented manufacturing industry, as well as R&D. In addition, higher growth forecast is perceived in the digital economy, real estate and construction and renewable energy sectors.