Spain

 

Official Name - Kingdom of Spain (SP)
Capital City - Madrid
Type of Government - Parliamentary Monarchy
Currency - Euro (€) - EUR
Fiscal Year - Calendar year
Official Language(s) - Spanish
Local Time - GMT + 01:00 hours in winter + 02:00 hours in summer (from the last Sunday in March to the last Sunday in September)
International Dialling Code - +34
Internet Domain - .es
Major Cities - Barcelona, Valencia, Seville, Zaragoza
Major Industries - Textiles & Apparel, Food & Beverages, Metals, Chemicals, Shipbuilding, Tourism
Major Trading Partners - EU (esp. France, Germany, Italy, Portugal, UK, Benelux), US
Double Taxation Treaty with India - YES

Economic Overview

  • The economy boomed between 1986 and 1990.
  • Agricultural sector mainly contributes to the growth (fruits, vegetables and olive oil).
  • Developed manufacturing industry, mainly textiles, food-processing, iron and steel, mechanical building and naval engineering sectors.
  • Second most favoured tourist destination in the world.

Contacts of Trade Ministries/ Associations

Industry and Trade Council
Australia Spain Business Association (ASBA)
Ministry of Trade and Industry
Website: www.gva.es/industria/main_v.htm Tel.: +(34)-(981)-251754
E-mail: info@australiaspain.com
Website: www.australiaspain.com
Level 15 Riverside Plaza
Cor. Besson & Piccadilly Streets
Port of Spain
E-mail: info@tradeind.gov.tt

Business Visa Rules
The allowable activities of business visitors are limited to the following:

  • To attend any business meetings or discussions;
  • To attend any sales calls to potential client in Spain;
  • To attend any seminars or "fact-finding" meetings.
The following are the requirements for Business Visitors:
  • Business Visitors must have a residence and an employer outside of Spain, he/she must not be in any manner subordinate to the management of the entity doing business in Spain, and he/she must be traveling to Spain for a limited and pre-set time period.
  • Business Visitors must not receive any compensation from sources within Spain; however, incidental expenses like accommodation, travel, and meals may be paid by the host.
  • Business Visitors must have evidence of adequate funds to defray expenses while on the business visit.
  • Business Visitors must have a specific, realistic and pre-determined plans for his or her stay in Spain.
  • The period of intended stay of the visitor must be consistent with the intended purpose of the trip.
Note :-
  • Business Visitors from countries where a visa is required must present supporting letters and other documents as evidence of the purpose and intended duration of their trip before they may be granted a Business Visitor Visa to enter Spain.
  • The validity of the visa is 90 days within given 180 days period. Usually extension is not granted.
  • No special visa category to allow foreigner to perform technical activities. It requires a work permit.
Business Hours
9.00 am to 2.00 pm & 4.30 pm to 7.30 pm - Shops (Monday to Saturday).
Note :- Office hours are generally the same as the shops but they do not open on Saturdays.