Overtaking the crisis of 2008, which led to a fall in prices of 45% and an unemployment rate equal to that of France and Italy combined, the Spanish economy is increasing, with an expected growth of GDP for this year of 3.3%. A trend confirmed in 2016, the year for which Standard & Poor’s expects a growth of 2.6%. It is the new tourism the reason of this economic revival. Last year, the country has registered 60 million tourists, with an increase of 3.4%. This is not to say clearly that all the problems of Spain have been solved. The rate of youth unemployment is almost 50%, the worst result in Europe after Greece, and various political scandals have hit hard the current government of Rajoy, putting in serious doubt its possible re-election. However, Spain is a country that offers great opportunities, especially for those who want to start their business. The bureaucracy here is simple, costs and fees payable are lighter, and high unemployment makes it possible to find a large number of qualified people. It’s only fundamental to invest on the right area: real estate, for example, that has started to grow, but also the technology sector, which combines various technology centers, and which is making Barcelona a city more competitive, like London and New York. But what it takes to move to Spain? What is the bureaucracy? To stay in Spain for periods longer than three months you must obtain the NIE (Numero de identificaciòn de extranjero), which allows you to open a bank account, but also to present the tax return or to start a business startup. If you want to get it, you have to visit the offices of the local police or the local office for immigration. In these offices you may also request the Tarjeta de residencia (Card of residence), a document which is typically available in a couple of months.
How to move to Spain