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Spain is a country of opportunities. That is why the interest on the part of foreign businessmen to invest in the Iberian Peninsula has not stopped growing in recent years, with special attention to the Costa del Sol, the Costa Brava, and the Costa Blanca, in the province of Alicante. Spain stands out for having a competitive economy that facilitates access to the global market, an attribute that foreign citizens, especially Russians, value when investing.

In addition, foreign investors have access to the Golden Visa, which allows them to access a permanent residence permit if they invest a minimum of half a million euros in a property. This type of residence permit is an added attraction for the investor, with Chinese and Russian citizens the most opting for this fast track of settlement.

Why invest in Alicante?

Alicante is a city with a myriad of reasons to live, work and do business. The new economic reality of the city, the quality of its services and its competitive capacity make this place an ideal destination for Russian citizens to invest and enjoy.

These are the main reasons to invest in Alicante:

Strategic location

The city of Alicante is located on the coast of the Mediterranean Sea and located in the center of the Spanish Mediterranean Arc, which makes it a direct bridge with North Africa and a link platform with the rest of Spain and Europe. It also has an excellent communications network: its expanding port, its airport located 10 minutes from the city and the multitude of land connections make it a strategic destination for investment.

Dynamic and diverse economic sector

Alicante is considered the fourth Spanish province of generation of companies due to its export tradition and the diversification of its productive fabric (food industry, footwear, plastic-toys, textiles, tourism). To this must be added that Alicante offers the most versatile logistics, strategic and technological support infrastructure for the product sectors. It has all kinds of infrastructures for holding business events and congresses, such as: the IFA Alicantina Fair Institution, the Congress Palace and the Auditorium. In addition, it has a wide range of offices, commercial premises and industrial warehouses available at very competitive prices.

Human capital and labor market

The city has a large labor market characterized by its level of qualification. This is due to the great educational offer that the city has: approximately 30.000 students are trained at the University of Alicante and it also has the Miguel Hernández University located in and two private universities. In addition, there is a proliferation of business schools in the city, training thousands of students every year to become qualified professionals.

Quality of Life

Alicante is internationally distinguished for its quality of life where its unbeatable climate and excellent gastronomy stand out. It is a city that retains its own personality and presents a varied cultural and commercial offer and a modern health system, as well as efficient and safe public transport. In addition, the cost of living, housing, products and services is very affordable.

Future and institutional cooperation 

One of the city's commitments is to bet on improving its services and infrastructures to increase the quality of life of its citizens and serve to develop new productive activities. In recent years, the city has undergone major transformations that have counted on significant public investments, being, in addition, another opportunity for private initiative.

En Miguel Lopez International Lawyers we are specialists in el advice on residences and residences for investors and we have extensive experience in serving clients in Russia, the former Soviet republics, North Africa and the Middle East. Contact us for any questions.