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Malaga Investment GuideA city to enjoy your business
www.OpenForBusiness.Malaga.eu
City of MalagaInvestor Office
Malaga
Madrid
Spain
France
Barcelona
Malaga
SOURCE: City of Malaga and City of Malaga’s Tourist Observatory.
Andalusia2
Marbella
• Malaga to Marbella 50 km.• Malaga to the airport 5 km.• Marbella to the airport 40 km.
Metropolitan AreaCity< 25 years old26 to 64 years old> 65 years oldForeignersTourists
1,197,584571,026156,132319,63694,49244,368
2,978,617
residents (2018)residents (2018)residents (27%)residents (56%)residents (17%)residents (7.8%)tourists (2018)
MALAGA POPULATION
1. WHY MALAGA? .................... 4
2. HOW TO GET THERE .................... 6
3. PROCESS TO ESTABLISH A COMPANY .................... 8
4. OPERATING COSTS AND TAXES .................... 9
5. LOCATION, INDUSTRIAL SPACES AND OFFICE BUILDINGS .................... 9
6. EDUCATION AND INTERNATIONAL SCHOOLS .................... 11
7. VISAS .................... 13
8. INCENTIVES .................... 14
9. AWARDS AND RECOGNITIONS .................... 14
10. WORK LIFE BALANCE .................... 16
11. SOFT LANDING SERVICES .................... 18
Malaga: A city to enjoy your business
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1. WHY MALAGA?
Malaga, Spain is a Smart Mediterranean City with a surrounding innovative ecosystem called Malaga Valley known for its high-tech industry, its Smart City initiatives and its entrepreneurial spirit. With a metropolitan population of 1.1 million (8% foreign), it is a dynamic Southern European hub and the gateway to the famous tourist destination, “Costa del Sol”. Malaga’s economic growth was 3.4% in 2018 and 4.0% in 2017. With an average of 14 companies per day created, Malaga continues to lead regional growth and is ranked 4th nationally. 1,000 jobs were created last year in the technology sector as employment in the Andalucian Technological Park (PTA) grew more than 8%. Malaga boasts one of the largest European business incubator networks, consisting of 12 facilities with capacity for more than 300 startups. The first Spanish National Digital Content Center of Excellence opened in 2017. Malaga has a rich historical heritage, such as the Catholic Cathedral, the Arab Castle known as “Alcazaba,” the Roman theater, and more than 38 museums, including the Museum and the Birthplace of Pablo Picasso, Centre Pompidou in Malaga, the Collection from the Russian Museum of Art in St. Petersburg, the Carmen Thyssen Museum, the Contemporary Art Centre and a comprehensive network of museums for music, food, Holy Week, flamenco, popular arts and more. The city is the birthplace of the great painter Pablo Picasso and the international actor Antonio Banderas. Malaga’s culture is not only an attraction for more than one million tourists every year, but it is also part of our way of being, living and working. Low labor costs juxtaposed with a high quality of life make Malaga an ideal place to live, to work and to invest.
Business Groups and Institutions
Malaga promotes business as demonstrated by the extensive network of organizations and institutions dedicated to business and financial support. This comprehensive local and provincial support is supplemented by aid from regional and national administrations.
Businesses receive assistance during the different phases of the setup process: preliminary economic studies, site and office selection, startup grants and financial aids, launch coordination, and later continued support.
The City of Malaga, through its Investor Office, is devoted to building relationships with international companies and supporting them throughout the process, by providing customized confidential assistance.
Industry Clusters
• Agriculture - Taste of Malaga.• Construction - Association of Builders
and Developers.• Maritime – Andalucia Maritime-Marine
Cluster.• Smart City - Andalucia Smart City
Cluster.• Technology - Andalucia Information
and Communications Technology Entrepreneurs Association.
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Collaborating Institutions
2. HOW TO GET THERE
Malaga is a city located in southern Spain. Its location makes it a strategic point of entry to do business with Europe as well as a bridge to the emerging markets of Africa.
Fully equipped
In the last few years, Malaga has undergone enormous growth in terms of quality and quantity of infrastructure, transforming into a fully equipped city that meets all of the logistics needs for international commerce.
Getting from here to there
Malaga has a complete network linking the city by land, air, and sea to major European hubs and to the rest of the world.
• More than 40 airlines operate out of the city’s international airport flying to 137 destinations. More than 19 million passengers came through in 2018, making it Spain’s fourth busiest airport.
• Malaga’s sea port is the second most important for cruise ships in Spain and the sixth in the Mediterranean Sea. More than 296 ships docked in the port and more than 506,277 passengers disembarked in 2018, filling the city with tourist activity, and driving major economic growth.
• An immense railway network connects Malaga to all the important points in Spain. Madrid is only 2.5 hours away and the train gets you to Cordoba in less than an hour. There are also lines that connect the city to other major urban centres like Barcelona, Seville and Zaragoza.
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Total2018
19,021,704% Growth
2.1%2017
18,628,876% Growth
11.7%
AIRLINE PASSENGERS
SOURCE: AENA, Ministry of Public Works and Transport.
More than 40 airlines flying to 137 destinations
More than 296 ships docked in 2018
Extensive high-speed railway network
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MALAGA-COSTA DEL SOL INTERNATIONAL AIRPORT DESTINATIONS
Nº of Destinations2213953111
82137
Active Flights5318877111
United KingdomGermanyFrance NorwayNetherlandsIsraelQatarUSAOther CountriesTOTAL
SOURCE: AENA, 2018.
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• 2 - 3 weeks timeframe• 550 € average legal fees (including taxes)
3. PROCESS TO ESTABLISH A COMPANY
Certificate
Obtain certificate of clearance for new company name from Mercantile Register
Capital
Open a bank account & deposit initial capital(3,000 €)
NIE
Solicit foreign identification number (NIE) or grant powers of attorney
Work
Request work visa & residence permit
Law
Provide proof of corporate by-laws & administration
Execute incorporation deed before a notary public
Declare initial capital to the Ministry of Economy & Finance
Register withMercantile Register
Receive Public Deed from Mercantile Register
Declare company to social security
Begin business operations
Pay transfer tax (1%)
Assignment of provisional tax identification number
Assignment of definitive tax identification number
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Personal Income Tax (IRPF) is charged on the available income of individuals according to a progressive rate scale ranging from 20% to 47%. Expatriate workers can choose between this general tax system or the non-resident tax system (IRNR) at a fixed rate of 24% for a maximum of 6 years and a maximum annual income of 600,000 Euros. Income generated in other countries is not subject to the tax on this Spanish income. The following conditions must be met to be able to choose the IRNR:
• Moving to Spain must be a consequence of an employment contract
• Not having lived in Spain during the last 10 years.
• The work must be undertaken for a company that is resident in Spain or a permanent establishment of a non-resident company in Spain.
4. OPERATING COSTS AND TAXES
5. LOCATIONS, INDUSTRIAL SPACES AND OFFICE BUILDINGS
The City’s airport, the Andalusian Technological Park and the University of Malaga make up what is known as Malaga’s Productive Triangle: a consolidated network that connects knowledge, technology, business, infrastructure and people.
Malaga has more than 30 productive, educational, technical, logistical and business areas covering 10.5 million square metres.
The Industrial Parks are equipped with Logistic Centres that serve towns across the Andalucia region, given the central location of Malaga.
Everything is well connected with land, air and sea transport hubs.
SOURCE: INE Quarterly Labor Cost Survey (ETCL), Second Quarter 2019.Note1: % difference of the Region with respect to the national total. Note2: 2019 data.
Industry
Construction
Services
National Andalusia %1 Difference
AVERAGE MONTHLY LABOR COSTS PER EMPLOYEE
3,191.69
2,760.72
2,563.63
2,789.052
2,528.172
2,283.732
-13%
-8%
-11%
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Andalusian Technological Park
The Andalusian Technological Park (PTA), is home to important technological multinational corporations and 646 companies, research centres and 19,873 technological experts dedicated to software development, wireless solutions, telecommunications, big data analytics, radio frequency identification, aeronautics, manufacturing, biotechnology and renewable energies. Large multinationals like Accenture, Caterpillar, CGI, Computer Sciences Corporation (CSC), Ericsson, EPAM, Fujitsu Ten, Google, Huawei, IBM, Keysight Technologies, Oracle, TDK-EPCOS and Telefónica as well as emerging companies investing in innovation are established there.
Multi-functional spaces
Malaga has many spaces to host professional events. Of note is the Trade Fairs and Congress Center of Malaga, a huge multi-functional convention center that hosts fairs, exhibitions, and congresses every year, some are open to the general public and others are business-specific. More than 375,000 visitors walked through its doors in 2018 attending 158 different events.
CompaniesWorkersCombined revenues
64619,873
2 billion euros
ANDALUSIAN TECHNOLOGICAL PARK
SOURCE: Andalusian Technological Park, 2018
6. EDUCATION AND INTERNATIONAL SCHOOLS
The University of Malaga, with 36,000 students, offers courses in all disciplines most notably in tourism, engineering and telecommunications and has more than 150 degrees between undergraduate, master’s, and doctorates. As an Andalusia Tech Campus of International Excellence, the University is focused on cutting edge research (R&D&I) and maintains strategic alliances with more than 150 companies. The University and the business community cooperate to train and hire talented people in the city.
Malaga also is home to prestigious business schools like ESESA, ESADE, and ESIC that offer high quality advanced degree programmes. Thousands of
students study there every year which are a major addition to the city’s business talent pool.
Malaga is home to world class Spanish language schools which are an essential part of the process of relocating non-Spanish speaking personnel and adapting to the local culture. For example, Malaca Instituto is the only Spanish school and 1 of only 9 language schools in the world to achieve SuperStar status at the Study Abroad Industry Awards.
More than 150 degrees
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University of Malaga 2018-2019BachelorsOfficial MastersFirst and second level coursesDoctoratesTraining CentersTOTAL
Registered students30,990 (14,396 men and 16,594 women)
2,532 (1,067 men and 1,465 women)528 (226 men and 302 women)
1,467 (742 men and 725 women) 866 (222 men and 644 women)
36,190 students
SOURCE: University of Malaga (UMA), 2019.
International schools
Aloha Collegewww.aloha-college.com
English International [email protected]: (+34) 952 831 058/9
Finnish [email protected]: (+34) 952 476 193
German [email protected]: (+34) 952 830 136
The International School At Sotograndewww.sis.acTel: (+34) 956 795 902
Lycee French [email protected]: (+34) 952 296 900
Malaga Institute of Technology (MIT)www.colegiomit.com [email protected]: (+34) 620 729 868
Mayfair International [email protected]: (+34) 952 784 923
St. Anthony’s [email protected]: (+34) 952 473 166
St. George’s International School of [email protected]: (+34) 952 290 149
Sunland International Schoolwww.sunland.esTel: (+34) 952 424 253
Sunny View [email protected]: (+34) 952 383 164
Swans International Primary Schoolwww.swansschoolinternational.esTel: (+34) 952 773 248
Swedish Schoolwww.svenskaskolancostadelsol.netinformation@svenskaskolancostadelsol.netTel: (+34) 952 475 076
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7. VISAS
The Spanish government has a specific immigration policy for business people, entrepreneurs, investors and qualified non EU nationals based on an agile and specialized system for visas. Characteristics:
• A single authorization for living and working valid anywhere in Spain.
• Freedom of movements within the Schengen member states.
• Streamlined processing: 10 days for visas and 20 days for residence permits, combined processing for spouses and children, procedures can be arranged through a representative.
8. INCENTIVES
Central and regional governments, universities and the European Union offer a variety of incentives, grants and loans for business. Categories include training and employment, industry specific (tourism, renewable energies), R&D project financing, Technology, Digital Content, Internationalization, SME Business Development and European Union aid grants.
9. AWARDS AND RECOGNITIONS• The chatbot "Victoria La Malagueña" was awarded the Best
Destination Guide in the first edition of 'The Chatbot Tourism Awards' by the Secretary of State for Tourism of Spain in 2019.
• European Smart Tourism Award 2019 for outstanding achievements in accessibility.
• Award for Best Institutional Brand for "Open for Business Malaga" from the Ejecutivos magazine in 2018.
• Selected by the United Nations (UN) to open a permanent headquarters forth International Training Center for Authorities and Leaders (CIFAL) in 2018.
• 8th best European city for its strategy to attract foreign direct investment – Financial Time (FDI Magazine) 2016.
• 2016 CIVITAS City of the Year for innovations & successes in public transport, electric car infrastructure and the implementation of the UN Climate Change Summit recommendations to reduce emissions.
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• “A Cultural Hub Takes Form in Málaga” The New York Times article from August 17, 2016.
• Only Spanish City in the Top 10 of the Eurobarometer: Quality of Life in European Cities 2015 survey published in January 2016.
• Received 2014 Award from EUROCITIES, the network of major European cities, for the refurbishment of 140 social housing apartments which improved the building’s energy classification from grade F to D.
• iCapital Award Finalist – 2014 European Capital of Innovation.
• Only Spanish winner of the IBM Smarter Cities Challenge (2012).
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10. WORK LIFE BALANCE
There are many reasons to live in Malaga but all of them can be summed up in just three words: work life balance. Malaga is one of the top 10 European cities in terms of quality of life according to the last European Commission Eurobarometer and many factors put the city on the top of that list.
• Weather307 sunny days a year and an average outdoor temperature of 18.4ºC give Malaga inhabitants the chance to enjoy her charms all year round. Its Mediterranean climate keeps temperatures moderate with minor variations between seasons.
• Cultural and leisure activitiesMuseums, theatres, concert halls, art galleries, professional basketball and football teams and a variety of restaurants of distinct cuisines... Malaga also has first class sporting offerings like golfing, nautical sports, mountain trails, tennis courts and sports complexes. The city’s residents have thousands of things to do with their free time.
• SafetyMalaga is a safe city. In fact, it is one of the safest in the Mediterranean. You can walk through any part of the city with complete security, so you can appreciate everything it has to offer and explore its most special secluded spots.
• Multi-cultural Malaga has always been an open and cosmopolitan city, hospitable with its visitors. This has meant that a large foreigner community lives and works in the city. Employees recently relocated with their families will be able to integrate themselves easily and quickly into the life of the city.
• HistoryMalaga’s rich history means the city is an open-air museum which can be relished by slowly walking down its many pedestrian streets in the city center. Different cultures have left their mark on the city’s streets and squares, bequeathing impressive monuments like the city’s Catholic cathedral, the Roman theatre, and the Moorish Alcazaba. All of this makes Malaga a rich and lively city full of cultural traditions.
One of the top 10 European cities in terms of quality of life
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The City of Malaga has made a commitment to help international companies establish offices in Malaga. We provide the following services to companies:
• Guide you through the legal process of establishing a company.
• Provide economic data about the current business environment.
• Identify financial incentives, grants and loans from local, regional and European institutions.
• Organize commercial visits to the city.
• Contact major companies and possible local business partners.
• Introduce venture capitalists and Business Angels.
• Grant industrial plots of land.
• Help identify land and/or office space.
• Authorize building permits and opening licenses.
• Assist with housing, utilities, international schooling, Spanish registration and personal taxes.
• Inform on cultural activities, recreational events and general knowledge about the city.
11. SOFT LANDING SERVICES
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Investor OfficeCity of MalagaPaseo Antonio Machado, 12, 29002 Malaga, SpainTels: (+34) 951 929 148, (+34) 951 929 079, (+34) 951 929 161
[email protected]@[email protected]
www.OpenForBusiness.Malaga.eu
