British lead way with new firms in Spain

According to the newest research from a leading employment organization, more and more foreigners are setting up their own businesses in Spain, and have discovered that at least one in four self-employed workers are now foreign.

The new Brits are now planning to service residential needs of the community as most of the second home buyers in this country are now British. But the businesses they have put up are not only the pub houses galore, but also IT-related firms and high-tech industries.

This is actually a clear indication that the EU membership is now being abused as more than half of the business people are member states and the rest are from Britain. Most of the people putting up their businesses belong to various industries such as food shops, restaurants, cheap telephone call booths, all of which created more employment for people. A survey done by the National Self-Employed Federation (FNTA) showed that one fourth of the self-employed workers that have registered during the past month are all foreigners. This has also been a very good idea so that they can keep their work permit and just stay in Spain. The president of the FNTA, Lorenzo Amor said: “In the next five years, there will be 150,000 companies that will be put up immigrants and 300,000 self-employed workers in the country. When they register as self-employed, they stabilize their working environment.”

Sixty percent of all foreign business people are scattered in three different places in Spain. 26, 243 occupied the place of Catalonia while 22, 588 stayed in Valencia. Andalucia is occupied by 22,531 foreigners while more than half, or 53.5 percent were all from the European Union countries.

The foreigners belong to different countries such as Britain (21,177), then Germany (13,579), followed by China (13,293), Morocco (10,970) and Italy (10,661).

Posted on: Spain

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British lead way with new firms in Spain

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