Ourense is the gateway to 56 million potential consumers and over 65 million tourists that visit Spain and Portugal every year. Its unique geo-strategic location makes it an ideal launching pad for doing business in the rest of Europe
Foreign investors have access to EU grants and public funding opportunities for economic and business development (including multi-billion euro funds like FEDER, EAFRD, EAGF). Grants of up to 30% of subsidizable investments may be obtained, making the province one of the best financial investment options in all of the European Union.
Ourense's highly qualified work force, stable political and economic environment and favorable tax incentives are transforming Ourense into one of the most vibrant economic hubs in Europe.
In 2014, Ourense was home to 60,000 international trade operations, representing a remarkable 14% increase from the previous year and presenting tremendous business opportunities for American companies looking to expand internationally.
Thanks to the US – Spain income tax treaty, dividend withholding tax is eliminated for parent companies holding 80% or more of the voting stock in the paying entity for 12 months. Other incentives include, both countries waiving their right to tax at source capital gains on shares (not valid for real-estate holding companies).