Question

Discuss benefits, costs, and risks of doing business in spain?

Answer 1

Risks:

• Ongoing Strike Activities.
• Only if there is a past success in work force, people are considered apt for doing business in Spain.
• Hierarchy and seniority dictates with whom you can have meetings or negotiations.
• Unemployment has risen and many businesses have closed.
• Spanish Entrepreneurs face regulators complexity.
• Business activities are highly decentralized.
• Small and medium Entrepreneurs across spain face large differences in regulatory practices depending on where they do businesses.

Benefits:

• Spain is a second largest country in Western Europe.
• This unique location makes Spain very attractive to foreign investors.
• It has become important player in international markets.
• Organization planning to do business in Spain benefits from cultural awareness training program doing business in Spain.
• It provides Investors with a more advantageous business Environment.
• It offers many developing benefits of new businesses including low labour and transport cost.
• It offers various incentives and flexible policies for developing businesses.
• It also provides a suitable geographic location, climate,stable government and Economy for doing foreign businesses.

costs:

• 1.Political costs - include the cost of bribes or lobbying for favorable or fair treatment
• 2. Economic costs - includes the infrastructure and supporting businesses
• 3. Legal costs - higher in spain with dramatically different product, workplace, and pollution standards