Why invest in the Basque Country?
BECAUSE IT’S AN OPEN AND ADVANCED ECONOMY
- The Basque Country spans 7,234 km2 and boasts a population of 2,173,210 inhabitants, with a GDP per capita of 33,896€ (2017), higher than the EU average.
- It has a globalised economy, with 1,660 international companies and over 5,000 of top quality certifications.
- The Basque Country holds 81st place in GDP per inhabitant, out of a total of 330 OECD regions.
- R+D expenditure is 1.85% of the GDP, much higher than the national average and in line with the EU average.
- It has business and innovation centres, research centres and recognised technological platforms, such as Tecnalia and IK4.
- It has highly qualified and productive manpower: The Basque Country is the autonomous community with the highest percentage of qualified employment in the nation, with 51.2%.
- A high level of training and the autonomous community with the most educational technology in its classrooms.
BECAUSE IT’S A WELL-CONNECTED COUNTRY
- Euskadi is strategically located in the middle of the European Atlantic Corridor. This location, a zone of passage between Peninsular markets and the rest of Europe, makes the Community a hub for the area of influence, which is home to:
- A 2,000 km corridor connecting over 10 EU regions.
- 80 million inhabitants, 25% of the Eurozone’s population.
- Over 2 trillion euros in GDP, accounting for 30-40% of the Eurozone’s GDP.
- A corridor between ports with over 60 ports with total traffic exceeding 650 million t/year.
- Its location and a network of top-rate logistical infrastructures and transport, perfectly inter-coordinated and connected and with large European networks, makes the Basque Country an unbeatable Multimodal Logistical Platform for freight and passenger transport in Southwest Europe.
- The Basque Country is the port of entry to Europe as a logistical hub on the European Atlantic Corridor and to the rest of the world, especially Latin America, with a noteworthy number of Basque companies and institutions.
- The Financial Times has rated the Basque Country as the best European region in logistical terms for foreign investment.
BECAUSE OF ITS OWN TAX SCHEME
- The Basque Country has regulatory and management ability, thanks to its own financial system.
- It boasts a high degree of self-government in important aspects, including healthcare, education, safety, housing and the tax treasury.
- Basque public administrations have developed different instruments to boost business development and company creation: specific public funds for each stage in a company’s life cycle, private proactive funds to invest in companies and tax incentives and deductions.
BECAUSE OF ITS BUSINESS ECOSYSTEM
- The Basque Country is an industrial and entrepreneurial territory, found in a land chock-full of opportunity, with a growing industry and a favourable economy and exports that have only grown in recent years.
- Moreover, cooperative agreements have been established with other European regions in different fields of action: R+D+i, environment and sustainable development, agriculture and food, etc.
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BECAUSE IT’S AN OPEN AND ADVANCED ECONOMY
- The Basque Country spans 7,234 km2 and boasts a population of 2,173,210 inhabitants, with a GDP per capita of 33,896€ (2017), higher than the EU average.
- It has a globalised economy, with 1,660 international companies and over 5,000 of top quality certifications.
- The Basque Country holds 81st place in GDP per inhabitant, out of a total of 330 OECD regions.
- R+D expenditure is 1.85% of the GDP, much higher than the national average and in line with the EU average.
- It has business and innovation centres, research centres and recognised technological platforms, such as Tecnalia and IK4.
- It has highly qualified and productive manpower: The Basque Country is the autonomous community with the highest percentage of qualified employment in the nation, with 51.2%.
- A high level of training and the autonomous community with the most educational technology in its classrooms.
BECAUSE IT’S A WELL-CONNECTED COUNTRY
- Euskadi is strategically located in the middle of the European Atlantic Corridor. This location, a zone of passage between Peninsular markets and the rest of Europe, makes the Community a hub for the area of influence, which is home to:
- A 2,000 km corridor connecting over 10 EU regions.
- 80 million inhabitants, 25% of the Eurozone’s population.
- Over 2 trillion euros in GDP, accounting for 30-40% of the Eurozone’s GDP.
- A corridor between ports with over 60 ports with total traffic exceeding 650 million t/year.
- Its location and a network of top-rate logistical infrastructures and transport, perfectly inter-coordinated and connected and with large European networks, makes the Basque Country an unbeatable Multimodal Logistical Platform for freight and passenger transport in Southwest Europe.
- The Basque Country is the port of entry to Europe as a logistical hub on the European Atlantic Corridor and to the rest of the world, especially Latin America, with a noteworthy number of Basque companies and institutions.
- The Financial Times has rated the Basque Country as the best European region in logistical terms for foreign investment.
BECAUSE OF ITS OWN TAX SCHEME
- The Basque Country has regulatory and management ability, thanks to its own financial system.
- It boasts a high degree of self-government in important aspects, including healthcare, education, safety, housing and the tax treasury.
- Basque public administrations have developed different instruments to boost business development and company creation: specific public funds for each stage in a company’s life cycle, private proactive funds to invest in companies and tax incentives and deductions.
BECAUSE OF ITS BUSINESS ECOSYSTEM
- The Basque Country is an industrial and entrepreneurial territory, found in a land chock-full of opportunity, with a growing industry and a favourable economy and exports that have only grown in recent years.
- Moreover, cooperative agreements have been established with other European regions in different fields of action: R+D+i, environment and sustainable development, agriculture and food, etc.
Previous Next
BECAUSE IT’S AN OPEN AND ADVANCED ECONOMY
- The Basque Country spans 7,234 km2 and boasts a population of 2,173,210 inhabitants, with a GDP per capita of 33,896€ (2017), higher than the EU average.
- It has a globalised economy, with 1,660 international companies and over 5,000 of top quality certifications.
- The Basque Country holds 81st place in GDP per inhabitant, out of a total of 330 OECD regions.
- R+D expenditure is 1.85% of the GDP, much higher than the national average and in line with the EU average.
- It has business and innovation centres, research centres and recognised technological platforms, such as Tecnalia and IK4.
- It has highly qualified and productive manpower: The Basque Country is the autonomous community with the highest percentage of qualified employment in the nation, with 51.2%.
- A high level of training and the autonomous community with the most educational technology in its classrooms.
BECAUSE IT’S A WELL-CONNECTED COUNTRY
- Euskadi is strategically located in the middle of the European Atlantic Corridor. This location, a zone of passage between Peninsular markets and the rest of Europe, makes the Community a hub for the area of influence, which is home to:
- A 2,000 km corridor connecting over 10 EU regions.
- 80 million inhabitants, 25% of the Eurozone’s population.
- Over 2 trillion euros in GDP, accounting for 30-40% of the Eurozone’s GDP.
- A corridor between ports with over 60 ports with total traffic exceeding 650 million t/year.
- Its location and a network of top-rate logistical infrastructures and transport, perfectly inter-coordinated and connected and with large European networks, makes the Basque Country an unbeatable Multimodal Logistical Platform for freight and passenger transport in Southwest Europe.
- The Basque Country is the port of entry to Europe as a logistical hub on the European Atlantic Corridor and to the rest of the world, especially Latin America, with a noteworthy number of Basque companies and institutions.
- The Financial Times has rated the Basque Country as the best European region in logistical terms for foreign investment.
BECAUSE OF ITS OWN TAX SCHEME
- The Basque Country has regulatory and management ability, thanks to its own financial system.
- It boasts a high degree of self-government in important aspects, including healthcare, education, safety, housing and the tax treasury.
- Basque public administrations have developed different instruments to boost business development and company creation: specific public funds for each stage in a company’s life cycle, private proactive funds to invest in companies and tax incentives and deductions.
BECAUSE OF ITS BUSINESS ECOSYSTEM
- The Basque Country is an industrial and entrepreneurial territory, found in a land chock-full of opportunity, with a growing industry and a favourable economy and exports that have only grown in recent years.
- Moreover, cooperative agreements have been established with other European regions in different fields of action: R+D+i, environment and sustainable development, agriculture and food, etc.
Previous Next
BECAUSE IT’S AN OPEN AND ADVANCED ECONOMY
- The Basque Country spans 7,234 km2 and boasts a population of 2,173,210 inhabitants, with a GDP per capita of 33,896€ (2017), higher than the EU average.
- It has a globalised economy, with 1,660 international companies and over 5,000 of top quality certifications.
- The Basque Country holds 81st place in GDP per inhabitant, out of a total of 330 OECD regions.
- R+D expenditure is 1.85% of the GDP, much higher than the national average and in line with the EU average.
- It has business and innovation centres, research centres and recognised technological platforms, such as Tecnalia and IK4.
- It has highly qualified and productive manpower: The Basque Country is the autonomous community with the highest percentage of qualified employment in the nation, with 51.2%.
- A high level of training and the autonomous community with the most educational technology in its classrooms.
BECAUSE IT’S A WELL-CONNECTED COUNTRY
- Euskadi is strategically located in the middle of the European Atlantic Corridor. This location, a zone of passage between Peninsular markets and the rest of Europe, makes the Community a hub for the area of influence, which is home to:
- A 2,000 km corridor connecting over 10 EU regions.
- 80 million inhabitants, 25% of the Eurozone’s population.
- Over 2 trillion euros in GDP, accounting for 30-40% of the Eurozone’s GDP.
- A corridor between ports with over 60 ports with total traffic exceeding 650 million t/year.
- Its location and a network of top-rate logistical infrastructures and transport, perfectly inter-coordinated and connected and with large European networks, makes the Basque Country an unbeatable Multimodal Logistical Platform for freight and passenger transport in Southwest Europe.
- The Basque Country is the port of entry to Europe as a logistical hub on the European Atlantic Corridor and to the rest of the world, especially Latin America, with a noteworthy number of Basque companies and institutions.
- The Financial Times has rated the Basque Country as the best European region in logistical terms for foreign investment.
BECAUSE OF ITS OWN TAX SCHEME
- The Basque Country has regulatory and management ability, thanks to its own financial system.
- It boasts a high degree of self-government in important aspects, including healthcare, education, safety, housing and the tax treasury.
- Basque public administrations have developed different instruments to boost business development and company creation: specific public funds for each stage in a company’s life cycle, private proactive funds to invest in companies and tax incentives and deductions.
BECAUSE OF ITS BUSINESS ECOSYSTEM
- The Basque Country is an industrial and entrepreneurial territory, found in a land chock-full of opportunity, with a growing industry and a favourable economy and exports that have only grown in recent years.
- Moreover, cooperative agreements have been established with other European regions in different fields of action: R+D+i, environment and sustainable development, agriculture and food, etc.
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The Basque Country, a competitive hub in main sectors
The Basque Country is strategically located in the middle of the European Atlantic Corridor, a transit point between the Iberian Peninsula and the rest of Europe. This places it at the centre of an influence with over 80 million inhabitants and 30-40% of the Eurozone’s GDP .
Based on data from the Financial Times (2016), The Basque Country is considered the best mid-sized European region in logistics for foreign investment.
- The Basque Country has a GDP per capita of 33,896€ (2017), higher than the European Union average.
- It holds 81st place in GDP per inhabitant, out of a total of 330 regions.
- Foreign investment has doubled over the past six years, reaching 6.565 billion in 2012-2016. The Basque Country is self-governed in important aspects, including healthcare, education, safety, housing and the tax treasury.
- 51.2% of employment is highly qualified and productive, the autonomous community with the highest rate in all of Spain.
Food is the land of opportunity within the RIS3 smart specialisation strategy in the Basque Country.
There is ongoing institutional support and cooperation for companies from: the Basque Government, HAZI, AZTI, Basque Culinary Center, Elika y Neiker.
