Legal framework in Spain is based on modern and stable laws, harmonized with EU norms wich provide legal security for companies and investors, thus facilitating the development of business.

Fiscal framework is one of the least burdensome in the OECD, with a total fiscal charge of 35% GPD, well below the average for the EU or the OECD.

Fiscal regulations facilitate foreing investment with tax rates among the most moderate in Europe.

• The Corporate Tax Rate has been lowered to 30%. A reduced rate applies to smalland medium businesses.
• Personal Income Tax rates have also been cut to a maximum marginal rate of 43%.

Deductions have been streanlined, but those that benefit investment in R+D have been maintained.

Financing for "risk capital" is widely available and seed capital can be obtained for activities of high technological content.

Incentives (reductions on social security payments) can be obtained for long term contract and for training.

Inheritance taxes have been eliminated in Madird and the regional rate of Personal Income Tax has been reduced.