Tax
incentives
Spain offers one of the most attractive tax regimes in Europe.
There are a number of tax incentives to make the most of if you set up your business in Elche that reduce the initial financial burden and create a favourable environment for its long-term growth. The combination of local, autonomous community and state incentives makes Elche an appealing destination for investors that want to maximize the returns on their investment.
The City Council of Elche has tax incentives available with tax reductions, exemptions and allowances that are within its competence, governed by the existing tax bylaws. These measures help reduce the tax burden for companies considerably.
The Valencian Community has incentives available such as deductions in the Corporate Tax for R+D+i projects, to promote innovation and the technological development in companies, making them more competitive in the global market. The companies that invest in training their employees can also benefit from the tax deductions, to therefore promote the continual development of the local talent.
Spain has one of the most attractive tax systems in Europe for investment in venture capital and emerging companies. Companies that choose to reinvest their profits in new business projects can also get significant deductions in the Corporate Tax.