Establishing your startup in Spain: what to keep in mind

“Spain is a country quite naturally chosen by French entrepreneurs. For geographical proximity, close culture, and proximity of language”, underlines Maya Noël, general director of France Digitale. Many French startups are setting up on the other side of the Basque country. According to a study by France Fintech and the government agency Business France, published in June 2022, Spain is also the European country where French finance startups are exporting the most. 41% of FinTech and InsurTech who tried the adventure outside France settled in Spain. For them, the interest is to launch into a market that resembles France, but where competition is less strong.