Madrid is not just the capital of Spain; it is a city that pulses with unrivalled energy, a crossroads where history meets modernity and where business opportunities are as abundant as its beautiful sunsets. In the last decade, Madrid has experienced a boom in financial and business growth, consolidating its position as one of Europe’s leading hubs.
From pro-business policies to world-class infrastructure, this city offers fertile ground for companies to flourish and prosper. If you are considering moving your company or starting a new business venture, Madrid is an unbeatable option.
In this article, we’ll unpack the reasons behind this boom and why Madrid could be the next home for your business, outlining compelling reasons why locating a company in Madrid will seem like a great idea.
Why Madrid?
Madrid, being the epicentre of Spain in cultural, political and economic terms, offers a unique combination of factors that make it an ideal choice for any business. Here, we explore some of the most persuasive reasons:
- Strategic location: Situated in the heart of the Iberian Peninsula, Madrid offers easy access to all of Spain and Europe. Its airport, Adolfo Suárez Madrid-Barajas Airport, is one of the busiest in Europe, offering direct connections to destinations all over the world.
- Pro-business policies: In recent years, the local government has implemented policies aimed at attracting and retaining businesses. These include tax incentives, business start-up facilities and support for the internationalisation of companies.
- Talent and training: Madrid is home to some of Spain’s most prestigious universities and training centres. This ensures a constant flow of highly skilled professionals in diverse areas, from technology to finance and more.
- Culture and quality of life: Madrid’s rich history, vibrant nightlife and variety of cultural activities make it an attractive place to live. This quality of life is not only an incentive for employers, but also for attracting and retaining top talent.
- World-class infrastructure: The city has a modern transport network, including metro, commuter trains and buses, as well as state-of-the-art business centres and coworking spaces.
- Diversity and openness: Madrid is known for its open-mindedness and diversity, being home to a wide variety of international communities. This diversity enriches the entrepreneurial ecosystem, fostering innovation and cross-cultural collaboration.
- Growing entrepreneurial ecosystem: With a growing number of startups, incubators, accelerators and networking events, Madrid is positioning itself as an important innovation hub in Europe.
In short, Madrid is not just a choice for its beauty or its history, but its progressive environment, robust infrastructure and commitment to economic growth make it one of the most attractive cities to do business in Europe. Undoubtedly, those who choose to settle here will find fertile ground to sow, grow and reap success.
Reasons to locate a company in Madrid
Madrid is one of the most attractive cities in which to locate a company, both for its economic potential and its quality of life. Some of the benefits that Madrid offers are:
- Madrid is the second best city to do business in the world, according to the Forbes magazine ranking. This is due to its strategic position as a gateway to the Latin American and North African markets, its excellent connectivity with the rest of Europe and the world, and its dynamism and innovation in key sectors such as technology, fashion and tourism.
- Madrid has lower labour costs and an excellent tax policy, which favours competitiveness and business growth. The Region of Madrid has the lowest devolved taxes in Spain, including Personal Income Tax, Wealth Tax, Inheritance and Gift Tax, and Transfer Tax and Stamp Duty. It also offers various grants and subsidies for entrepreneurs, the self-employed and SMEs.
- Madrid has a first-class infrastructure and transport network, which facilitates the mobility and logistics of companies. The city has one of the best airports in the world, Adolfo Suárez Madrid-Barajas, which connects with more than 200 international destinations; a high-speed rail network that links Madrid with the main Spanish and European cities; and a wide range of public transport, such as metro, bus and commuter trains.
- Madrid offers a wide variety of services and opportunities for companies, such as business centres, coworking spaces, incubators, accelerators, technology and science parks, universities, business schools, research centres and financial institutions. In addition, the city hosts numerous events, fairs, congresses and business meetings every year that promote networking and the generation of synergies.
Madrid has an extraordinary climate, gastronomy and an extraordinary cultural, sporting and leisure offer, which contributes to improving the quality of life and well-being of workers and their families. The city offers a wide range of options for enjoying leisure time, such as museums, theatres, cinemas, concerts, exhibitions, parks, restaurants, bars, shops and outdoor activities.
Coworking or flexible office space as an option for locating a company in Madrid
Locating a company in Madrid in a business centre is a smart, practical and cost-effective option for any entrepreneur or professional who wants to take advantage of the benefits of the Spanish capital without having to assume the costs and complications of a traditional office. Some of the reasons to choose a business centre in Madrid are:
- These equipped workspaces offer you a strategic location in the city centre or in business areas, allowing you to be close to your clients, suppliers and partners, as well as easy access to the services and resources you need for your activity. In addition, having a prestigious address in Madrid will help you to improve your corporate image and transmit confidence and professionalism.
- Coworking spaces provide you with spaces adapted to your needs and budget, from private offices to virtual offices, meeting rooms, training or coworking. You can choose the size, design and duration of the rental of your space, without having to make a large initial investment or make a long-term commitment. This way, you can save on fixed costs and optimise your profitability.
- Flexible offices provide you with a series of associated services that allow you to focus on your business, such as furniture, technological equipment, internet connection, call reception, visitor services, mail distribution, cleaning, air conditioning, cafeteria and security. These services are included in the rental price or can be hired on demand, which saves you from having to manage them yourself or hire additional staff.
- A business centre gives you the opportunity to network and form part of a business community, as you will be able to share spaces and experiences with other professionals and companies from different sectors and fields. This will allow you to expand your network of contacts, generate synergies, find potential collaborators or clients, and access events, training or activities organised by the centre.
As you can see, business centres, coworking spaces or flex office have a wide range of advantages for those who want to locate their company in Madrid and enjoy all the benefits that this city has to offer.
The virtual office, the best solution for taking the first step towards locating a company in Madrid
If you are thinking of moving your company to Madrid or starting a new project in the Spanish capital, one of the best options you can choose to get started is the virtual office. This is a service that allows you to have a business address in Madrid without having to be physically present at that address. This way, you can enjoy the advantages of locating your company in Madrid without having to assume the costs and complications of a traditional office.
Some of the benefits offered by the virtual office to locate a company in Madrid are:
- Improve your corporate image and your market presence. By having a prestigious address in Madrid, you will be able to transmit confidence and professionalism to your clients, suppliers and partners, as well as access new business opportunities. In addition, you will be able to use the address of the virtual office for your business communications, such as business cards, invoices or website.
- Reduce your fixed costs and optimise your profitability. By hiring a virtual office, you only pay for the services you need and for the time you use them, without having to make a large initial investment or make a long-term commitment. This way, you can save on rent, furniture, equipment, supplies and staff.
- Personalised and professional attention. When you contract a virtual office, you will have a virtual secretary at your disposal who will take your calls, manage your agenda, receive your mail and inform you of any new developments. You will also have access to other associated services, such as meeting rooms, training or coworking.
- Flexibility and mobility. By hiring a virtual office, you will be able to work from wherever and whenever you want, without having to be subject to a fixed timetable or location. This way, you can adapt to the needs of your business and the preferences of your clients. In addition, you can change your address or services as required.
As you can see, the virtual office is the best solution for taking the first step and locating a company in Madrid, at very little cost and with many advantages.
Conclusion on locating a company in Madrid
Madrid is a city that offers multiple benefits for companies that want to grow and prosper in the global market. Its economic potential, its connectivity, its tax policy, its range of services and its quality of life make it an ideal destination for locating a company.
However, setting up a business in Madrid does not have to be a big outlay or a big hassle. Thanks to business centres, you can have access to a business address in Madrid with all the associated services, without having to rent a traditional office.
Business centres or coworking centres offer spaces adapted to the needs and budget of each company, from small offices to customised offices for any number of employees to virtual offices, meeting rooms, training or coworking spaces. In addition, coworking spaces facilitate networking and integration into a dynamic and innovative business community.
For all these reasons, business centres are the best option for locating a company in Madrid and taking advantage of all the benefits that this city has to offer, and at Ibercenter we offer a wide range of services and more than 6,000 square metres of modern facilities.
So, if you are considering locating your company in Madrid, or you are already in the capital and want to take a big leap, forget about technical problems, secretarial problems or any kind of problem unrelated to your business, in our business centre in Madrid we will help you.
